The Global Single-Walled Carbon Nanotube Market is estimated to witness a major jump in revenue from US$ 191.1 Million in 2021 to US$ 1,014 Million by 2027. The market is registering a CAGR of 32.1% over the projection period 2022-2027. Single-Walled Carbon Nanotubes are defined as one dimensional, cylindrically shaped allotropes of carbon that have a high surface area and aspect ratio (length to diameter ratio). Because of their small diameter and large aspect ratio, SWNTs are considered a one-dimensional (1D) material.
The global single-walled carbon nanotubes market is driven by the growth in demand in end-use industries and the increase in demand for renewable energy sources. CNTs or their derivatives exhibit excellent electrical properties for use in base materials such as polymers and reinforcement. These offer the lucrative potential for use in electricals & electronics applications, also in automotive as fuel line systems in automotive are made from carbon nanotubes in order to reduce the chances of a fuel line rupture. Moreover, the rise in environmental concerns due to the increasing use of petroleum products and coal as a major energy source has increased the adoption of renewable energy sources. Overall, the demand for renewable energy sources is expected to increase significantly in the coming years due to the growth in energy requirement and thereby fueling the adoption of CNTs in these industries. Furthermore, the growing government initiatives such as offering subsidies and funds shall further boost the carbon nanotubes demand during the forecast period. However, production scale-up challenges and the resultant high prices and increase in demand for inorganic and boron nitride nanotubes are the major restraining factor during the forecast period. The high cost of SWCNTs has restricted their penetration in industries, which is estimated to adversely affect the growth of the global carbon nanotubes market.
Report Summary
The study of the Global Single-Walled Carbon Nanotube Market considers various market determinants, industry value chain analysis, and competitor analysis of the market. The report discusses the analysis of the single-walled carbon nanotubes industry for the period 2017-2027, where the base year is 2021 and the forecast period is 2022-2027. The report provides a detailed analysis of the Global Single-Walled Carbon Nanotubes Market across 15 Chapters and 185 pages. The report includes data presentation across 31 tables and 78 statistical figures.
The report provides PESTLE analysis, which is a tool to examine the external market environment factors that have an impact on the industry. The PESTLE analysis examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. Thus, sufficiently examining the threats and weaknesses of the industry. The research report also provides Porter’s five forces analysis wherein bargaining power of buyers and intensity of rivalry is moderate to high.
The subsequent section provides details of the market analysis based on different segments such as type, synthesis process, application, end-user, and region. The report includes a detailed study of the value chain of the industry. It includes raw material suppliers, single-wall carbon nanotube manufacturers, distribution channels, and end-users. The report also covers extensively the key competitors in the market for single-walled carbon nanotube market.
COVID-19 impact on Global Single-Walled Carbon Nanotube Market
COVID-19 pandemic affected the global economy in many terms such as directly affecting production and demand, supply chain disruption, and financial impact. COVID-19 has directly impacted the single-walled carbon nanotubes manufacturers' supply chain across the globe and shut down the production facilities to minimize the risk of virus spread. The adverse consequences of various steps related to the containment of COVID-19 are evident from global supply chain disruptions, weaker demand for imported products and services, and an increase in the unemployment rate. Also, risk aversion has increased in the financial market, with all-time low-interest rates and sharp declines in equity and commodity prices. Consumer and business confidence have also reduced significantly. This has significantly impacted the demand and supply, ultimately the overall market value of single-walled carbon nanotubes has declined.
Key Takeaways from the Global Single-Walled Carbon Nanotubes Market Report
Competitive Landscape
The key players in the Global Single-Walled Carbon Nanotubes Market are OCSiAl, Thomas Swan & Co. Ltd, KH Chemicals, Cnano Technology Limited, Continental Carbon Nanotechnologies, Inc, Zeon, and Chasm among others. Through extensive research, it is found that big players have adopted various competitive strategies such as mergers & acquisitions in order to have a grip on the emerging markets. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies.
Segmentation Overview
Global Single-Walled Carbon Nanotubes Market is segmented based on type, synthesis process, application, end-user, and region. The industry trends in the global single-walled carbon nanotubes market are sub-divided into different categories in order to get a holistic view of the global marketplace.
Following are the different segments of the Global Single-Walled Carbon Nanotubes Market:
By Type segment of the Global Single-Walled Carbon Nanotubes Market is sub-segmented into:
By Synthesis Process segment of the Global Single-Walled Carbon Nanotubes Market is sub-segmented into:
By Application segment of the Global Single-Walled Carbon Nanotubes Market is sub-segmented into:
By End User segment of the Global Single-Walled Carbon Nanotubes Market is sub-segmented into:
By Region segment of the Global Single-Walled Carbon Nanotubes Market is sub-segmented into:
Report Attribute | Details |
---|---|
Market Size Value in 2021 | US$ 191.1 Mn |
Expected Revenue in 2027 | US$ 1,014 Mn |
Historic Data | 2017-2020 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Unit | Value (USD Mn) |
CAGR | 32.1% |
Segments covered | By Type, Synthesis Process, Application, End User, and Region |
Key Companies | OCSiAl, Thomas Swan & Co. Ltd, KH Chemicals, Cnano Technology Limited, Continental Carbon Nanotechnologies, Inc, and other prominent players. |
Customization Scope | Get your customized report as per your preference. Ask for customization |
Carbon nanotubes are minuscule allotropes of carbon having valuable properties such as greater thermal conductivity, extraordinary electrical properties and good mechanical strength.
Applications of single walled carbon nanotubes are widely used in various industries including aerospace & defense, polymers, electrical & electronics, energy, sports, automotive and chemicals among others because of their electrical, thermal and physical properties.
Global Single-Walled Carbon Nanotubes Market is estimated to be US$ 191.1 Million in 2021 and is projected to reach US$ 1,014 Million by 2027, at a CAGR of 32.1% over the forecast period.
CNTs offer lucrative potential for use in electricals & electronics applications such as photovoltaics, sensors, semiconductor devices, displays, conductors and others.
Factors such as growth in demand in end-use industries and increase in demand for renewable energy sources drives the growth in the global single-walled carbon nanotubes market.
Asia Pacific is the highest growing region in the Global Single-Walled Carbon Nanotubes Market.
Electronics & Semiconductors segment is the largest end user industry in terms of revenue, in the global single-walled carbon nanotubes market.
The conductive polymer composites segment is estimated to have the highest market share during the forecast period owing to the growing demand for polymers across the construction as well as automotive industry.
Type, synthesis process, application and end user are the different segments of the global single-walled carbon nanotubes market.
Factors such as biomedical applications of carbon nanotubes, commercial release of CNT transistors and increase in scope of applications for carbon nanotubes driven by R&D is projected to offer lucrative trends in the global carbon nanotubes market.
Production scale-up challenges and the resultant high prices and increase in demand for inorganic and boron nitride nanotubes are the major restraining factor during the forecast period.
South Africa is anticipated to hold the highest CAGR during forecast period in the MEA single-walled carbon nanotubes market.
OCSiAl, Thomas Swan & Co. Ltd, KH Chemicals, Cnano Technology Limited, Continental Carbon Nanotechnologies, Inc, Zeon and Chasmamong others are some major players in the Global Single-Walled Carbon Nanotubes Market.