Press Release
Press Release
With the advancement of nanotechnology, the development of carbon nanotubes (CNTs) for industrial applications is rising, thereby supporting the overall carbon nanotubes market. CNTs are divided into single-walled carbon nanotubes (SWCNTs) and multi-walled carbon nanotubes (MWCNTs) depending on the number of layers present in the structure.
In the production of fuel cells, CNTs have received significant attention for cathodic applications due to their superior and tunable physiochemical properties. The rapid electrification of vehicles in turn aids the demand for carbon nanotubes. This has led to players globally increasing their production capacity to establish themselves as a leading supplier of carbon nanotubes to the energy sector. Major players, such as Jiangsu Cnano Technology, Cabot Corporation (NYSE: CBT), LG Chem, JEIO and Kumho Petrochemical, and Carbon Corp (C2CNT) are increasing the production of carbon nanotubes. Additionally, carbon nanotubes can be deployed to produce automobile parts, such as chassis, head shield, and engine block.
In addition to energy storage applications, carbon nanotubes can be deployed to enhance the electrical conductivity, thermal conductivity, and mechanical properties of polymer composites. CNTs depict superior strength and versatility which aids their adoption across a broad range of fields, including materials science, engineering, medicine, plant biotechnology, and agriculture.
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The major players in the carbon nanotubes market are Arkema Group, Toray Industries, Inc., Carbon Solutions, Inc., Cheap Tubes Inc., Nanocyl SA, Jiangsu Cnano Technology Co., Ltd, and CHASM Advanced Materials Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Method |
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Breakup by Application |
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