Feb 16, 2022   SOURCE: BusinessWire

Insights on the Single-Wall Carbon Nanotube Global Market to 2027 - Featuring Arkema, Carbon Solutions and Klean Industries Among Others - ResearchAndMarkets.com

The "Global Single-Wall Carbon Nanotube Market, By Type, By Synthesis Process, By Application, By End-Users, Estimation & Forecast, 2017 - 2027" report has been added to ResearchAndMarkets.com's offering.

The global single-wall carbon nanotube market was valued at USD 155.3 Million in 2020 and is projected to reach USD 1,014.0 Million by the year 2027. The market is expected to register a CAGR of 32.1% during the forecast period.

Single-wall carbon nanotubes are a special category of carbon materials known as one-dimensional materials. Growth in demand in end-use industries and an increase in demand for renewable energy sources are the driving factors for global single-wall carbon nanotubes. During the COVID-19 pandemic, several studies are being conducted to test the use of carbon nanomaterials, such as CD, GO, GQD, fullerene, and CNT, among others, due to their capability to inhibit RNA type virus, biocompatibility, and low toxicity. This has positively impacted the market during the COVID-19 pandemic.

Growth Influencers:

Growth in demand in end-use industries

Single-wall carbon nanotubes are being increasingly used in various industries. Its applications include energy storage, advanced electrodes, conductive films & coatings, wearable electronics, solar, thermal interface materials, catalyst supports, structural materials, sensors, and biomedical applications, among others. They are being used widely as the most basic building block of these systems. Because of their nanoscale diameters and complete nanocarbon structure, they prove to be excellent conductors. Furthermore, their thermal as well as electrical conductivity along with their superior mechanical properties, make them ideal for cutting-edge advanced materials applications. Therefore, increasing demand in these industries boosts market growth.

Increase in demand for renewable energy sources

Single-wall carbon nanotubes are increasingly in demand for manufacturing solar cells. Semiconducting materials that convert light into electricity, are used for manufacturing solar cells. Single-wall carbon nanotubes have the potential to be used in these solar cells. They are also known to outperform multi-walled carbon nanotubes at low densities, because of their difference in their optical transmittance for the same current density. These factors are increasing the demand for single-wall carbon nanotubes in renewable energy sources, hence boosting the market growth.

Segments Overview:

The global Single-Wall Carbon Nanotube market is segmented into type, synthesis process, application, and end-users.

By Type

  • Armchair Form Carbon Nanotube
  • Zigzag Form Carbon Nanotube
  • Chiral Form Carbon Nanotube

The armchair form carbon nanotube segment accounts for the largest share of more than 45% due to its increasing demand in various industries. The chiral form nanotube segment is anticipated to grow at the fastest growth rate during the forecast period.

By Synthesis Process

  • Arc Discharge
  • Laser Ablation
  • Chemical Vapor Deposition
  • High-Pressure Carbon Monoxide
  • Others

The chemical vapor deposition segment accounted for the largest share owing to its high adoption. On the other hand, the high-pressure carbon monoxide segment is estimated to grow at the fastest CAGR of 35.1%.

By Application

  • Conductive Adhesives
  • Conductive Polymer Composites
  • Fire Retardant Plastics
  • Li ion Battery Electrodes
  • Metal Matrix Composites
  • Structural Polymer Composites
  • Sensor Applications
  • Others

The conductive polymer composites segment is expected to hold the largest market share of more than 42% as single-wall carbon nanotubes are mostly used for this application. The sensor applications segment is anticipated to grow at the fastest growth rate.

By End-Users

  • Aerospace & Defence
  • Automotive
  • Electronics & Semiconductors
  • Energy
  • Chemicals
  • Sporting Goods & Leisure products
  • Biomedical
  • Other Industrial Applications

The electronics and semiconductors segment accounted for the largest market share owing to the increasing demand for single-wall carbon nanotubes in this segment. The biomedical segment is expected to grow at the fastest growth rate during the forecast period.

Regional Overview

On a regional basis, the global Single-Wall Carbon Nanotube market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Competitive Landscape

Key players operating in the global Single-Wall Carbon Nanotube market include Arkema SA, Arry International Group Limited, Carbon Solutions, Inc, Chasm Advanced Materials, Inc, Cheap Tubes Inc., Cnano Technology Limited, Continental Carbon Nanotechnologies, Inc., Klean Industries Inc., Nano-C Inc., Nanocyl SA, NanoLab Inc, Nanoshel LLC, OCSiAl, Thomas Swan & Co. Ltd, KH Chemicals, Zeon Nano Technology Co., Ltd, and Raymor, among others.

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