Carbon Nanotube (CNT) Market forecasted to
reach US$ 480 million in 2023
Carbon Nanotube (CNT) Market research report 2019 - 2023
provides the newest industry data and industry future trends,
allowing you to identify the products and end users driving
Revenue growth and profitability.
Global Carbon Nanotube (CNT) Market Synopsis:
According to Market Analyst, The Global Carbon Nanotube (CNT) Market is expected to grow at an
impressive Compound Annual Growth Rate (CAGR) from 2019 to 2023.
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The Carbon Nanotube (CNT) industry has also suffered a certain impact, but still maintained a relatively
optimistic growth, the past four years, Carbon Nanotube (CNT) market size to maintain the average
annual growth rate of 0.0270660870894 from 350.0 million $ in 2014 to 400.0 million $ in 2018, Market
analysts believe that in the next few years, Carbon Nanotube (CNT) market size will be further
expanded, we expect that by 2023, The market size of the Carbon Nanotube (CNT) will reach 480.0
million $.
The demand for carbon nanotubes has been increasing rapidly in applications such as field emission
displays, integrated circuits, hydrogen storage, lithium batteries, solar PV cells, fuel cells, and drug
delivery.
Currently, R&D is being undertaken for capturing new applications, including food materials, glass
ceramic, structural steel, agriculture, and hair color. The constant increase in the feasibility of potential
applications for carbon nanotubes will keep the demand ticking upward during the forecast period.
Global Carbon Nanotube (CNT) Market has been segmented on the Basis of Type, Method, Application,
and Region. Classification of Carbon Nanotube (CNT) Market based on Type can be sub segmented into
SWCNTs and MWCNTs. The MWCNTs segment is expected to grow at a higher CAGR in terms of value
during the forecast period from 2019 to 2023.
Regionally, The Asia Pacific carbon nanotubes market is expected to grow at the highest CAGR during
the forecast period, which can be attributed to the rising demand for carbon nanotubes from emerging
economies of the region, including India, China, South Korea, Vietnam, Taiwan, and Singapore, among
others.