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Global Carbon Nanotubes Market 2019 To Expand At A CAGR Of 16.55% By SHOWA DENKO K.K., Nanocyl SA, Carbon Solutions Inc., OCSiAl, Arry International Group Limited, SABIC & Others

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Global carbon nanotubes is expected to rise from its initial estimated value of USD 4.63 billion in 2018 to an estimated value of USD 15.79 billion by 2026, registering a CAGR of 16.55% in the forecast period of 2019-2026. This rise in market value can be attributed to the growth in demand from various end-users of the product due to its superior mechanical and chemical properties.

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Key Market Competitors: Global Carbon Nanotubes Market

Few of the major competitors currently working in the carbon nanotubes market are TORAY INTERNATIONAL INC., Cheap Tubes, Arkema, Hanwha Group., SHOWA DENKO K.K., Nanocyl SA, Carbon Solutions Inc., OCSiAl, Arry International Group Limited, SABIC, Continental Carbon Company, Exxon Mobil Corporation, Nanoshel LLC, Thomas Swan & Co. Ltd., Nanothinx S.A., XinNano Materials Inc., Nano-C, KUMHO PETROCHEMICAL, Raymor Industries Inc., Grafen Inc., Chengdu Institute of Organic Chemistry – Chinese Academy of Sciences, Klean Commodities, Reinste Nano Ventures and CHASM Advanced Materials.

Market Drivers:

Growth of the end-users such as the electronics & electrical and automotive industry; this factor is expected to act as a driver for the market growth due to their widespread applications

Advancements in the market in relation to the products resulting in significant reduction of cost; this factor is expected to act as a driver for the market growth

Market Restraints:

Concerns related to safety and environment with the usage of carbon; this factor is expected to act as a restraint to the market growth

Competitive Analysis: Global Carbon Nanotubes Market

Global carbon nanotubes market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of carbon nanotubes market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Developments in the Market:

In December 2016, OCSiAl announced that they had partnered with Nanjing Leiqi, regarding the commercialisation and marketing of carbon nanotubes manufactured by OCSiAl. Nanjing will commercialise and handle the marketing of a number of their products.

In March 2016, Continental Carbon Company and Kemya (a joint venture between SABIC and Exxon Mobil Corporation) announced that they had inaugurated a production facility situated in Al-Jubail, Saudi Arabia for the production of carbon black. The facility capable of providing 50 kilotons quantity of the product annually will supply majorly to the tire and rubber industry.

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Segmentation: Global Carbon Nanotubes Market

  • By Method
    • Chemical Vapor Deposition
    • Catalytic Chemical Vapor Deposition (CCVD)
    • High-Pressure Carbon Monoxide Reaction
    • Others
  • By Type
    • Single-Walled Carbon Nanotube (SWCNT)
    • Multi-Walled Carbon Nanotube (MWCNT)
  • By Application
    • Aerospace & Defense
    • Chemicals & Polymers
    • Electronics & Semiconductors
    • Advanced Materials
    • Batteries & Capacitors
    • Medical
    • Energy
    • Others
  • By Geography
    • North America
    • South America
    • Europe
    • Asia-Pacific
    • Middle East and Africa

Key Insights in the report:

Complete and distinct analysis of the market drivers and restraints

Key market players involved in this industry

Detailed analysis of the market segmentation

Competitive analysis of the key players involved

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