Pune, India, Dec. 08, 2020 (GLOBE NEWSWIRE) -- The global carbon nanotubes market size was USD 4.56 billion in 2018 and is projected to reach USD 13.65 billion by 2026, exhibiting a CAGR of 15.3% during the forecast period.
The CNT industry is expected to gain traction from their rising utilization in brushes as they enhance electrical, as well as thermal conductivity in commercial electric motors. This information is given by Fortune Business Insights™ in a recent report, titled, “Carbon Nanotubes (CNT) Market Size, Share & Industry Analysis, By Product (Multi-Walled Carbon Nanotubes (MWCNT) and Single-Walled Carbon Nanotubes (SWCNT)), By Application (Plastics & Composites, Electrical & Electronics, Energy, and Others), and Regional Forecast, 2019-2026.” The report further mentions that the CNT market The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
List of the Leading Companies Profiled in the Global Carbon Nanotubes (CNT) Market are:
- Arkema SA
- Nanocyl SA
- Nanoshell LLC
- Carbon Solutions, Inc.
- Hyperion Catalysis International
- SHOWA DENKO K.K.
- Klean Commodities
- Other key players
Get Sample PDF Brochure with Impact of COVID19:
Drivers & Restraints
Extensive Usage in Aerospace Industry to Augment Growth
In the aerospace industry, CNT is used the most as the aircraft manufacturers are focusing on developing stronger, long-lasting, and tougher components. They are doing so because of the high risk that is associated with flying. The industry is nowadays aiming to lower the weight of aircraft components for reducing the operational cost, as well as fuel consumption. Nanomaterials are mostly used to revamp the properties of aircraft components for improving the overall performance. Apart from that, several professionals consisting of engineers and manufacturers are creating new methods for introducing aerospace-grade composites. However, CNT is toxic in nature. If inhaled, it can cause high blood pressure and kidney damage in humans. This is likely to obstruct the carbon nanotubes market growth in the coming years.
Key Questions Answered:
- Why Choose Fortune Business Insights?
- What are the key demands and trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the market growth?
Segment
Rising Usage of CNT to Favor Growth of the Electrical & Electronics Segment
Based on application, the market is grouped into energy, electrical and electronics, plastics and composites, and others. Amongst these, the electrical and electronics segment held 10.6% CNT market share in 2018. This growth is attributable to the increasing usage of CNT to make various electronic devices. It is especially used to make field-effect transistors and diodes. Also, CNT possesses many features, such as good conductivity and excellent optoelectronic characteristics. It would also contribute to the growth of this segment.
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/carbon-nanotubes-cnt-market-102700
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