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Oct 5, 2020 10:20 AM ET

Global Carbon Nanotubes Market is Set for a Rapid Growth and is Expected to Reach USD 5.31 Billion by 2021


iCrowd Newswire - Oct 5, 2020

Major players in the global carbon nanotubes market comprise Cheap Tubes Inc., Carbon Solutions, Inc., Nanocyl S.A., Klean Carbon Inc., Southwest Nanotechnologies, Inc., Nanolab Inc., Toray Industries, Inc., Nanothinx S.A., Hanwha Chemical Co. Ltd., and Arry International Group Limited. These players will have an important role in the development of global carbon nanotubes market in the years to come.

As per Zion Market Research, global carbon nanotubes market added up for USD 2.36 Billion in 2015 and is likely to cross USD 5.31 Billion by end of 2021, developing at a CAGR of almost 18.6% from 2016 to 2021.

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Rising Demand From Polymers Sector To Have A Towering Impact On The Global Carbon Nanotubes Market In The Years To Come

As per analysts at Zion Market Research, the global carbon nanotubes market is likely to see noteworthy development in the years to come due to rising demand from polymers sector. Being the worldwide leader in electronics and electrical industry, India will see a massive investment in global carbon nanotubes market in the years to come. Apart from the electronics & electrical and the polymers segments, India is set to see a CAGR development of 45.3% (from 2016–2021) in the area of nanotechnology for energy industry, boosting the global carbon nanotubes market. Asia Pacific is the quickest developing region for global carbon nanotubes market owing to the inflow of Foreign Direct Investment (FDI) in the energy industry.

Rising spending of market players in the global carbon nanotubes market is set to bolster the market. For example, in August 2017, Anhui Xibao Macromolecule Material together with OCSiAl conducted a global forum on the usages of nanotubes in ESD flooring. OCSiAl is the global leader in making single wall carbon nanotubes, which is a novel universal additive. Anhui Xibao Macromolecule Material is a skilled hi-tech Chinese maker of industrial coatings.

In 2015, electronics and electrical segment added up for more than 20% share of the global carbon nanotubes market, followed by polymers.

Rising Requirement For Electronics & Electrical And Polymers Sector To Sustain The Dominance Of Asia Pacific In The Forecast Period

In terms of topography, Asia Pacific was the biggest region for global carbon nanotubes market all over the world owing to the rising requirement for electronics & electrical and polymers sectors. In terms of income, Asia Pacific added up for the huge piece of the global carbon nanotubes market in 2015. In addition to this, global carbon nanotubes market has the huge chance in the emerging nations of North America owing to the robust production of engineered polymers sector in the years to come. Europe and North America together added up for 50% of the global carbon nanotubes market.

The global carbon nanotubes market is segmented as follows:

By Type

By Application

By Region

To view TOC of this report – https://www.zionmarketresearch.com/toc/carbon-nanotubes-market



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Keywords:    Global Carbon Nanotubes Market

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