|
Home | Technology News Search Engine:
|
|
|
|
Home: Technology News:
|
|
|
(IT-NEWSWIRE.COM, October 29, 2019 ) Market Overview
Carbon nanotubes (CNTs) are an allotrope of carbon. They appear as round and hollow carbon particles and have novel properties that make them conceivably valuable in a wide assortment of utilizations in nanotechnology, hardware, optics and different fields of materials science. Carbon nanotubes (CNTs) have been pulled in tremendous consideration in the course of recent decades, in view of their phenomenal physical and concoction properties that are a consequence of their inherent nano-sized one-dimensional nature.
The worldwide carbon nanotubes showcase is expanded because of the presence of endless local players. The tremendous interest from the buyers and absence of separation among items from various makers opens entryways for new players. With huge potential to develop, numerous youthful organizations are entering the worldwide carbon nanotubes advertise market.
Market Dynamics
Advantages due to physical properties, potential to replace other materials and rise in production capacities are key drivers for the market growth. Multiple advantages are applicable because of the physical structure and its properties. The structure of CNT is closely related to graphite, which is traditionally made by stacking sheets of carbon on top of another. This structure offers extraordinary electrical, mechanical, optical, thermal, and chemical properties to CNTs. Being a carbon-based product, CNTs are not vulnerable to environmental or physical degradation issues. Due to this advantage, CNTs are in high demand and are used in multiple applications such as medicine, aerospace and defense, electronics, automotive, energy, construction, and sports.
CNTs have the potential to replace the key materials in some industries such as semiconductor and energy. Research centers are developing CNTs that can be used in solar cells as an alternative to silicon, which is the key material used in producing electricity from solar energy. CNTs have the potential to replace indium-tin-coated films, which are fragile and expensive. These films are used in liquid crystal displays (LCDs), solar cells, organic light-emitting diodes(LEDs), touch screens, and high-strength materials like bullet-proof vests and hydrogen fuel cells used to power cars. The potential to replace such vital materials is expected to drive the demand for CNTs during the forecast period.
Efficiency issues between CNT & metallic components, degradation of performance if IC with metallic CNT and difficulty in aligning CNT in chips are the restraints that are hampering the growth of the market. The majority of the ICs require 100% semiconductor CNTs. Separating the metallic CNT from semiconductor is a major issue. The conduction of electricity between the nanotube and the metallic components of an IC is not efficient due to the increase in electrical resistance, which decreases the size of the connection. These factors might hamper market growth within the forecast period.
Market Segmentation
Based on product type, the global market for carbon nanotubes is broadly segmented as Single-walled carbon nanotube (SWCNT) and multi-walled carbon nanotubes (MWNT). The Multi-walled carbon nanotubes (MWNT) market value was US$ 770.8 million in 2018 and is expected to reach USD XX million by 2026 with a CAGR of XX% during the forecast period 2018 to 2026. MWNCTs have major applications in energy storage (batteries and super-capacitor) and conductive copper. MWNTs are highly conductive when integrated into a composite structure. However, only the outer wall alone is capable of electrical conductivity while inner walls are not capable of electrical conductivity. MWNTs have a high aspect ratio with lengths almost 100 times longer than the diameter, and in certain cases much longer. Their performance and application depend on aspect ratio and the degree of entanglement and the straightness of the tubes.
On the basis of Application, the market is divided into energy, electronics, aerospace & aviation, automotive, bio-medicine and others. The carbon nanotube market for electronics segment value was US$ 228.0 million in 2018 and is expected to reach US$ XX million by 2026 with a CAGR of XX% during the forecast period 2018 to 2026. The unique electrical and mechanical properties of CNTs make them useful in the development of transistors, semiconductor components, electrostatic packaging, hard-disk drive components, integrated circuits (ICs), and IC test and burn sockets. These components are necessary for every electronic device. Thus, the rise in electronic devices such as smartphones and tablets will lead to growth in the CNT market. In addition, growing adoption of Internet of Things (IoT) devices, which require these components, will further increase the adoption of CNTs. In October 2016, Berkley lab announced the world's first transistor with working 1-nanometer gate with a 1D SWCNT as a gate electrode.
Geographical Share
The global Carbon Nanotubes is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
The Asia Pacific carbon nanotube market value was US$ 350.2 million in 2018 and is expected to reach US$ XX million by 2026 with a CAGR of XX% during the forecast period 2018 to 2026. The Asia Pacific holds the majority of the share of 43% by value and 45% by volume the market owing to high production of CNT and exponential growth of electronics and semiconductor industry with the Asia-Pacific region. The Asia-pacific market is anticipated to grow at a significant pace owing to increased production of CNT and rapid growth experienced by the electronics and semiconductor industry within the Asia-Pacific region. The market in these countries is driven by increased demand for CNTs in applications such as capacitors and batteries. China is the dominant market accounting for 47% in 2017 in this region due to government funding in the 12th five-year plan for the development of CNTs. Apart from China, Japan, South Korea, and Taiwan are leading producers of CNTs.
North America is the second-largest region within the global CNT market. In North America, many research institutes in the region are being funded by many private capitalists. The importance given to nano-technology in this region is expected to positively impact the growth in the CNT market. Advancement of new technology in this region is driving the carbon nanotube market. In November 2016, a professor and a student from the Department of Physics of US Naval Academy developed a technique to bridge two electrical conductors by assembling CNTs guided by liquid crystals.
Competitive Analysis
Some of the key market players in the global carbon nanotubes market are Showa Denko K.K., Nanocyl SA, CNano Technology Ltd., Arkema Inc., Hyperion Catalysis International Inc., Hanwha Chemical Corp., Kumho Petrochemical Co., Ltd., Toray Industries, Inc. Carbon Solutions, Inc. and Cheap Tubes, Inc.
In October 2018, Envigo, an independent European research laboratory, has conducted studies on possible ecotoxic effects of TUBALL single-wall carbon nanotubes, produced by OCSiAl. It is a one-atom-thick sheet of graphene that is rolled into a tube: this type of nanotube possesses a number of exciting properties, including high flexibility, that is far superior to those of multi-wall carbon nanotubes or carbon fibers.
In June 2018, Grace Continental Korea expanded its line of nanotube-based concentrates and launch the production of TUBALL MATRIX single-wall carbon nanotube-based concentrates specifically for application in silicones and for composites, coatings, and resins.
In May 2018, Arevo developed a patent-pending technologically advanced breakthrough that makes it possible to 3D print out objects which are reinforced with carbon fiber as well as carbon nanotubes. the company raised $12.5 million in Series B funding round to introduce the next era of 3D printing and transform the way manufactured products are conceived, designed, built, and maintained.
Enquire Before purchase: https://www.datamintelligence.com/download-sample/carbon-nanotubes-market
Download free sample: https://www.datamintelligence.com/download-sample/carbon-nanotubes-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
DataM Intelligence
Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
Source: EmailWire.Com 
Source: EmailWire.com
|
|
|
|
|
Technology News Headlines
|
|
|
|
|
Technology Business Video Feed
|
|
More Technology Video Feeds
|
|
|
