Rapid Rise in Electrical and Electronics Industry to Fuel Demand for Carbon Nanotubes

Published Date : Apr 28, 2016

The global market for carbon nanotubes has been experiencing an exponential surge in its market valuation. The increasing demand for carbon nanotubes from the polymers, energy, electrical and electronics, and other end-use industries is boosting this market remarkably. Single-wall nanotubes and multi-wall nanotubes are the key products available in this market. The multi-wall carbon nanotubes segment enjoys a higher demand than the single-wall carbon nanotubes segment in the global arena.

Asia Pacific to Maintain Dominance in Worldwide Market for Carbon nanotubes
Asia Pacific leads the global carbon nanotubes market. The regional market accounted for a share of more than 40% in the overall market in 2014. The extensive growth of the medical and healthcare industry, the energy sector, and the electrical and electronics market has fueled the demand for these nanotubes significantly in this region. Analysts project this trend to continue in the coming years, ensuring the future dominance of this market. China, South Korea, India, Taiwan, and Japan are leading the Asia Pacific carbon nanotubes market. Here is a snapshot of the performance of other regional markets.

  • North America has acquired the second position in the global carbon nanotubes market. Over the next few years, the North America market for carbon nanotubes is likely to experience a sturdy rise on account of the growing demand for these nanotubes from the electrical and electronics as well as chemical industries in this region.
  • Analysts expect Europe market for carbon nanotubes to witness steady growth in its market share in the coming years, owing to the presence of a number of established end-use industries of carbon nanotubes.
  • The Middle East and Africa and Latin America are projected to register a sluggish increase in their shares over the next few years.

Arkema SA, Carbon Solutions Inc., Showa Denko K.K., CNT Co. Ltd., Klean Commodities, Hyperion Catalysis International Inc., Korea Kumho Petrochemical Co. Ltd., Nanocyl S.A., and Southwest Nanotechnologies Inc. are some of the leading enterprises operating the worldwide carbon nanotubes market.