08.11.21
According to a new MarketsandMarkets market research report, "Carbon Nanotubes (CNT) Market by Type (Single Walled & Multi Walled), End-use Industry (Electronics & Semiconductors, Chemical Materials & Polymers, Structural Composites, Energy & Storage, Medical), Method, and Region - Global Forecast to 2026," the global carbon nanotubes market size will grow to USD $1,714 million by 2026 from USD $876 million in 2021, at a CAGR of 14.4% during the 2021-2026 period.
The driving factor for the CNTs market is the intrinsic mechanical properties of CNTs, which make them the ultimate nanomaterial.
Multi-walled carbon nanotubes (MWCNT) leads the overall CNTs market, in terms of volume, due to its excellent tensile strength. Moreover, when MWCNTs are integrated into a composite, such as thermoplastic or thermoset compounds, it can significantly increase their strength. MWCNTs can also be easily spread on plastic materials, which improve the mechanical properties of the components and reduce their weight without affecting their performances.
Medical is the fastest-growing end-use industry, in terms of value, in 2020. The medical segment of the CNTs market is sub-divided into transdermal drug delivery, cancer treatment, proteomics, others (cardiac autonomic regulation, platelet activation, tissue regeneration & others).
APAC is projected to lead the carbon nanotubes market and this dominance is expected to continue until 2026. The market size for CNTs in APAC is expected to increase because of the rising penetration of CNTs in key applications such as conductive polymer composites and lithium batteries.
The driving factor for the CNTs market is the intrinsic mechanical properties of CNTs, which make them the ultimate nanomaterial.
Multi-walled carbon nanotubes (MWCNT) leads the overall CNTs market, in terms of volume, due to its excellent tensile strength. Moreover, when MWCNTs are integrated into a composite, such as thermoplastic or thermoset compounds, it can significantly increase their strength. MWCNTs can also be easily spread on plastic materials, which improve the mechanical properties of the components and reduce their weight without affecting their performances.
Medical is the fastest-growing end-use industry, in terms of value, in 2020. The medical segment of the CNTs market is sub-divided into transdermal drug delivery, cancer treatment, proteomics, others (cardiac autonomic regulation, platelet activation, tissue regeneration & others).
APAC is projected to lead the carbon nanotubes market and this dominance is expected to continue until 2026. The market size for CNTs in APAC is expected to increase because of the rising penetration of CNTs in key applications such as conductive polymer composites and lithium batteries.