Sep 8, 2020   SOURCE: BusinessWire

Worldwide Carbon Nanotubes Industry to 2028 - Enormous Opportunities in the Aircraft Manufacturing Market - ResearchAndMarkets.com

The "Global Carbon Nanotubes Market 2019-2028" report has been added to ResearchAndMarkets.com's offering.

According to this analysis, the global carbon nanotubes market is predicted to grow at a CAGR of 15.31% in the forecasting years 2019-2028.

Growing applications of MWCNT (multi-walled carbon nanotubes) is primarily driving the growth of the studied market. The rapid increase in the use of composites and the usage of advanced epoxy adhesive systems are anticipated to create opportunities for the consumption of carbon nanotubes in the aerospace industry. The carbon nanotubes can also be used in the production of solar cells.

Nanotubes and buckyballs with polymer are used together in the production of solar cells. However, the hazardous nature of carbon nanotubes that necessitates policies & regulations is impeding the global market growth. Furthermore, the high processing & manufacturing cost and the lack of processing knowledge base is also a significant challenge to the market growth.

The global market report covers the countries from North America, Europe, the Asia-Pacific, Latin America and the Middle East and Africa.

Asia-Pacific will be the fastest-growing region and the largest market for carbon nanotubes, globally. Favorable government policies, like 100% FDI (foreign direct investment), no compulsion for an industrial license, and the technological development from manual to automatic processes, are primarily driving the demand for carbon nanotubes in the electronics industry in countries like India.

Other incentives launched to boost the electronics sector are Electronics Development Fund (EDF) and Modified Incentive Special Package Scheme (M-SIPS). CNTs are used in this sector to improve electrical and thermal conductivity. It also provides a long life span and better durability over conventional electronic circuit materials. Hence, the growing electronics industry is likely to contribute to the regional market growth.

Market Dynamics

Drivers

  • Technological Advancements in Carbon Nanotubes
  • Widening Applications of MWCNTS
  • Rise in Potential of Carbon Nanotubes in Electrical & Electronics Applications

Restraints

  • Hazardous Nature of Carbon Nanotubes Necessitating Policies & Regulations

Opportunities

  • Enormous Opportunities in the Aircraft Manufacturing Industry
  • Potential Usage of Carbon Nanotubes in the Energy Sector

Challenges

  • High Processing & Manufacturing Cost

Companies Mentioned

  • Arkema
  • Carbon Solutions Inc
  • Chasm Advanced Materials
  • Cheap Tubes
  • Chengdu Organic Chemicals Co Ltd
  • Hanwha Corporation
  • Hyperion Catalysis International
  • Jiangsu Cnano Technology Co Ltd
  • Kumho Petrochemical
  • Meijo Nano Carbon
  • Nano-C
  • Nanocyl Sa
  • Nanolab Inc
  • Nanoshel LLC
  • Ocsial
  • Raymor Industries Inc
  • Showa Denko Kk
  • Thomas Swan & Co Ltd
  • Toray Industries Inc
  • Zeon Corporation

For more information about this report visit https://www.researchandmarkets.com/r/9lk9mk