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Published Date: 2016-01-21Number of Pages: 204

Carbon Nanotubes (Single-wall Carbon Nanotubes and Multi-wall Carbon Nanotubes) Market for Polymers, Energy, Electrical & Electronics, and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

The report analyzes and forecasts the carbon nanotubes market on the global and regional level. The study provides historical data of 2014 along with forecast from 2015 to 2023 based on volume (tons) and revenue (US$ Mn). The study includes drivers and restraints for the carbon nanotubes market along with their impact on demand during the forecast period. The report also analyzes opportunities in the carbon nanotubes market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources. 

We have included a detailed analysis of the value chain to provide a comprehensive view of the carbon nanotubes market. Value chain analysis provides details such as integration in the market, distribution channels, product segments, and end-users. Analysis of Porter’s Five Forces model has also been included to help understand the competitive landscape of the carbon nanotubes market. The study encompasses market attractiveness analysis, wherein application segments of the market are benchmarked based on market size, compound annual growth rate (CAGR), general attractiveness, and company market share. We have also incorporated company market share analysis to provide detailed analysis of the market. 

The study provides a decisive view of the carbon nanotubes market by segmenting it on the basis of products and applications. Product and application segments have been analyzed based on current and future trends, and the market has been estimated from 2015 to 2023 in terms of volume (kilo tons) and revenue (US$ Mn). Regional segmentation includes current and forecast demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. It also includes demand for individual products and applications in major countries in the respective regions. 

The report provides detailed competitive outlook that includes profiles of key players operating in the global carbon nanotubes market. Key players profiled in the report include Arkema SA, CNano Technology Limited, Carbon Solutions, Inc., Hanwha Nanotech Corporation, Showa Denko K.K., Future Carbon GmbH, CNT Co., Ltd., Continental Carbon Nanotechnologies, Inc., Klean Commodities, Raymor Industries Inc., Hyperion Catalysis International Inc., Nanothinx S.A., Korea Kumho Petrochemical Company Ltd., Nano-C Inc., Nanocyl S.A., Nanoshel LLC, Southwest Nanotechnologies Inc., and Thomas Swan & Co. Ltd. Company profiles include attributes such as company overview, brand/product portfolio, financial overview, business strategy, and key/recent developments related to the market. 

Constant currency rates have been considered while forecasting the market. Prices of carbon nanotubes by products and applications vary in each region; hence, a similar volume-to-revenue ratio does not follow for each individual region. Regional average price has been considered while breaking down the market by product segment and application in each region. Models and estimates have been used to produce comprehensive data sets when hard data was not available. We have used the bottom-up approach by considering individual product and application segments and integrating them to arrive at the global market. Product segments and applications have been further divided using the top-down approach to derive the consumption of products in the regional market. 

In order to compile the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represented the bulk of research efforts, supplemented by an extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities. 

The carbon nanotubes market has been segmented as follows: 

Carbon Nanotubes Market – Product Segment Analysis

  • Single-wall Carbon Nanotubes
  • Multi-wall Carbon Nanotubes 

Carbon Nanotubes Market – Application Segment Analysis

  • Polymers
  • Energy
  • Electricals & Electronics
  • Others (Medical, Chemical, Optical Devices, etc.) 

Carbon Nanotubes Market – Regional Analysis

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa


Chapter 1 Preface
1.1 Report Description
1.2 Report Scope
1.3 Assumptions
1.4 Market Segmentation
1.5 Research methodology

Chapter 2 Executive Summary
2.1 Global Carbon Nanotubes Market, 2014–2023 (Tons) (US$ Mn)
2.2 Global Carbon Nanotubes Market: Snapshot

Chapter 3 Carbon Nanotubes Market - Industry Analysis
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Dynamics
     3.3.1 Market Driver - Positive Market Dynamics and Rising Demand from End-User Industries 
     3.3.2 Restraints - Processing Difficulties Involved in Producing High Purity CNTs Leading to High Product Cost
     3.3.3 Opportunity - Intensive R&D, Need for Advancement in Existing Applications, and Expanding Applications
3.4 Porter’s Five Forces Analysis
3.5 Global Carbon Nanotubes Market Attractiveness, by Application, 2014
3.6 Global Carbon Nanotubes Market Attractiveness, by Country, 2014
3.7 Global Carbon Nanotubes Market Share by Company, 2014

Chapter 4 Manufacturing Process and Price Trend Analysis
4.1 Manufacturing Processes for CNT
4.2 Carbon Nanotubes Price Trend Analysis

Chapter 5 Carbon Nanotubes Market – Product Analysis
5.1 Carbon Nanotubes Market: Product Overview

     5.1.1 Global Single-wall Carbon Nanotubes Market, 2014–2023 (Tons) (US$ Mn)
     5.1.2 Global Multi-wall Carbon Nanotubes Market, 2014–2023 (Tons) (US$ Mn)

Chapter6 Carbon Nanotubes Market – Application Analysis
6.1 Carbon Nanotubes Market: Application Overview
     6.1.1 Global Carbon Nanotubes Market for Polymers, 2014–2023 (Tons) (US$ Mn)
     6.1.2 Global Carbon Nanotubes Market for Energy, 2014–2023 (Tons) (US$ Mn)
     6.1.3 Global Carbon Nanotubes Market for Electrical & Electronics, 2014–2023 (Tons) (US$ Mn)
     6.1.4 Global Carbon Nanotubes Market for Others, 2014–2023 (Tons) (US$ Mn)

Chapter 7 Global Carbon Nanotubes Market - Regional Analysis
7.1 Carbon Nanotubes Market: Regional Overview
7.2 North America Carbon Nanotubes Market, by Regional Sub-segment, 2014–2023
     7.2.1 North America Carbon Nanotubes Market, By Product, 2014–2023 (Tons)
     7.2.2 North America Carbon Nanotubes Market, By Product, 2014–2023 (US$ Mn)
     7.2.3 North America Carbon Nanotubes Market, By Application, 2014–2023 (Tons)
     7.2.4 North America Carbon Nanotubes Market, By Application, 2014–2023 (US$ Mn)
     7.2.5 US Carbon Nanotubes Market, By Product, 2014–2023 (Tons)
     7.2.6 US Carbon Nanotubes Market, By Product, 2014–2023 (US$ Mn)
     7.2.7 US Carbon Nanotubes Market, By Application, 2014–2023 (Tons)
     7.2.8 US Carbon Nanotubes Market, By Application, 2014–2023 (US$ Mn)
     7.2.9 Rest of North America Carbon Nanotubes Market, By Product, 2014–2023 (Tons)
     7.2.10 Rest of North America Carbon Nanotubes Market, By Product, 2014–2023 (US$ Mn)
     7.2.11 Rest of North America Carbon Nanotubes Market, By Application, 2014–2023 (Tons)
     7.2.12 Rest of North America Carbon Nanotubes Market, By Application, 2014–2023 (US$ Mn)
7.3 Europe Carbon Nanotubes Material Market, by Regional Sub-segment, 2014–2023
     7.3.1 Europe Carbon Nanotubes Market, By Product, 2014–2023 (Tons)
     7.3.2 Europe Carbon Nanotubes Market, By Product, 2014–2023 (US$ Mn)
     7.3.3 Europe Carbon Nanotubes Market, By Application, 2014–2023 (Tons)
     7.3.4 Europe Carbon Nanotubes Market, By Application, 2014–2023 (US$ Mn)
     7.3.5 UK Carbon Nanotubes Market, By Product, 2014–2023 (Tons)
     7.3.6 UK Carbon Nanotubes Market, By Product, 2014–2023 (US$ Mn)
     7.3.7 UK Carbon Nanotubes Market, By Application, 2014–2023 (Tons)
     7.3.8 UK Carbon Nanotubes Market, By Application, 2014–2023 (US$ Mn)
     7.3.9 Germany Carbon Nanotubes Market, By Product, 2014–2023 (Tons)
     7.3.10 Germany Carbon Nanotubes Market, By Product, 2014–2023 (US$ Mn)
     7.3.11 Germany Carbon Nanotubes Market, By Application, 2014–2023 (Tons)
     7.3.12 Germany Carbon Nanotubes Market, By Application, 2014–2023 (US$ Mn)
     7.3.13 France Carbon Nanotubes Market, By Product, 2014–2023 (Tons)
     7.3.14 France Carbon Nanotubes Market, By Product, 2014–2023 (US$ Mn)
     7.3.15 France Carbon Nanotubes Market, By Application, 2014–2023 (Tons)
     7.3.16 France Carbon Nanotubes Market, By Application, 2014–2023 (US$ Mn)
     7.3.17 Spain Carbon Nanotubes Market, By Product, 2014–2023 (Tons)
     7.3.18 Spain Carbon Nanotubes Market, By Product, 2014–2023 (US$ Mn)
     7.3.19 Spain Carbon Nanotubes Market, By Application, 2014–2023 (Tons)
     7.3.20 Spain Carbon Nanotubes Market, By Application, 2014–2023 (US$ Mn)
     7.3.21 Italy Carbon Nanotubes Market, By Product, 2014–2023 (Tons)
     7.3.22 Italy Carbon Nanotubes Market, By Product, 2014–2023 (US$ Mn)
     7.3.23 Italy Carbon Nanotubes Market, By Application, 2014–2023 (Tons)
     7.3.24 Italy Carbon Nanotubes Market, By Application, 2014–2023 (US$ Mn)
     7.3.25 Rest of Europe Carbon Nanotubes Market, By Product, 2014–2023 (Tons)
     7.3.26 Rest of Europe Carbon Nanotubes Market, By Product, 2014–2023 (US$ Mn)
     7.3.27 Rest of Europe Carbon Nanotubes Market, By Application, 2014–2023 (Tons)
     7.3.28 Rest of Europe Carbon Nanotubes Market, By Application, 2014–2023 (US$ Mn)
7.4 Asia Pacific Carbon Nanotubes Market, by Regional Sub-segment, 2014–2023
     7.4.1 Asia Pacific Carbon Nanotubes Market, By Product, 2014–2023 (Tons)
     7.4.2 Asia Pacific Carbon Nanotubes Market, By Product, 2014–2023 (US$ Mn)
     7.4.3 Asia Pacific Carbon Nanotubes Market, By Application, 2014–2023 (Tons)
     7.4.4 Asia Pacific Carbon Nanotubes Market, By Application, 2014–2023 (US$ Mn)
     7.4.5 China Carbon Nanotubes Market, By Product, 2014–2023 (Tons)
     7.4.6 China Carbon Nanotubes Market, By Product, 2014–2023 (US$ Mn)
     7.4.7 China Carbon Nanotubes Market, By Application, 2014–2023 (Tons)
     7.4.8 China Carbon Nanotubes Market, By Application, 2014–2023 (US$ Mn)
     7.4.9 Japan Carbon Nanotubes Market, By Product, 2014–2023 (Tons)
     7.4.10 Japan Carbon Nanotubes Market, By Product, 2014–2023 (US$ Mn)
     7.4.11 Japan Carbon Nanotubes Market, By Application, 2014–2023 (Tons)
     7.4.12 Japan Carbon Nanotubes Market, By Application, 2014–2023 (US$ Mn)
     7.4.13 ASEAN Carbon Nanotubes Market, By Product, 2014–2023 (Tons)
     7.4.14 ASEAN Carbon Nanotubes Market, By Product, 2014–2023 (US$ Mn)
     7.4.15 ASEAN Carbon Nanotubes Market, By Application, 2014–2023 (Tons)
     7.4.16 ASEAN Carbon Nanotubes Market, By Application, 2014–2023 (US$ Mn)
     7.4.17 Rest of Asia Pacific Carbon Nanotubes Market, By Product, 2014–2023 (Tons)
     7.4.18 Rest of Asia Pacific Carbon Nanotubes Market, By Product, 2014–2023 (US$ Mn)
     7.4.19 Rest of Asia Pacific Carbon Nanotubes Market, By Application, 2014–2023 (Tons)
     7.4.20 Rest of Asia Pacific Carbon Nanotubes Market, By Application, 2014–2023 (US$ Mn)
7.5 Latin America Carbon Nanotubes Market, by Regional Sub-segment, 2014–2023
     7.5.1 Latin America Carbon Nanotubes Market, By Product, 2014–2023 (Tons)
     7.5.2 Latin America Carbon Nanotubes Market, By Product, 2014–2023 (US$ Mn)
     7.5.3 Latin America Carbon Nanotubes Market, By Application, 2014–2023 (Tons)
     7.5.4 Latin America Carbon Nanotubes Market, By Application, 2014–2023 (US$ Mn)
     7.5.5 Brazil Carbon Nanotubes Market, By Product, 2014–2023 (Tons)
     7.5.6 Brazil Carbon Nanotubes Market, By Product, 2014–2023 (US$ Mn)
     7.5.7 Brazil Carbon Nanotubes Market, By Application, 2014–2023 (Tons)
     7.5.8 Brazil Carbon Nanotubes Market, By Application, 2014–2023 (US$ Mn)
     7.5.9 Rest of Latin America Carbon Nanotubes Market, By Product–2023 (Tons)
     7.5.10 Rest of Latin America Carbon Nanotubes Market, By Product, 2014–2023 (US$ Mn)
     7.5.11 Rest of Latin America Carbon Nanotubes Market, By Application, 2014–2023 (Tons)
     7.5.12 Rest of Latin America Carbon Nanotubes Market, By Application, 2014–2023 (US$ Mn)
7.6 Middle East & Africa Carbon Nanotubes Market, by Regional Sub-segment, 2014–2023
     7.6.1 Middle East & Africa Carbon Nanotubes Market, By Product, 2014–2023 (Tons)
     7.6.2 Middle East & Africa Carbon Nanotubes Market, By Product, 2014–2023 (US$ Mn)
     7.6.3 Middle East & Africa Carbon Nanotubes Market, By Application, 2014–2023 (Tons)
     7.6.4 Middle East & Africa Carbon Nanotubes Market, By Application, 2014–2023 (US$ Mn)
     7.6.5 GCC Carbon Nanotubes Market, By Product, 2014–2023 (Tons)
     7.6.6 GCC Carbon Nanotubes Market, By Product, 2014–2023 (US$ Mn)
     7.6.7 GCC Carbon Nanotubes Market, By Application, 2014–2023 (Tons)
     7.6.8 GCC Carbon Nanotubes Market, By Application, 2014–2023 (US$ Mn)
     7.6.9 South Africa Carbon Nanotubes Market, By Product, 2014–2023 (Tons)
     7.6.10 South Africa Carbon Nanotubes Market, By Product, 2014–2023 (US$ Mn)
     7.6.11 South Africa Carbon Nanotubes Market, By Application, 2014–2023 (Tons)
     7.6.12 South Africa Carbon Nanotubes Market, By Application, 2014–2023 (US$ Mn)
     7.6.13 Rest of Middle East & Africa Carbon Nanotubes Market, By Product, 2014–2023 (Tons)
     7.6.14 Rest of Middle East & Africa Carbon Nanotubes Market, By Product, 2014–2023 (US$ Mn)
     7.6.15 Rest of Middle East & Africa Carbon Nanotubes Market, By Application, 2014–2023 (Tons)
     7.6.16 Rest of Middle East & Africa Carbon Nanotubes Market, By Application, 2014–2023 (US$ Mn)

Chapter 8 Company Profiles
8.1 Arkema SA
8.2 CNano Technology Limited
8.3 Carbon Solutions, Inc.
8.4 Hanwha Nanotech Corporation
8.5 Showa Denko K.K. 
8.6 Future Carbon GmbH
8.7 CNT Co., Ltd.
8.8 Continental Carbon Nanotechnologies, Inc.
8.9 Klean Commodities
8.1 Raymor Industries Inc. 
8.11 Hyperion Catalysis International Inc.
8.12 Nanothinx S.A.
8.13 Korea Kumho Petrochemical Company Ltd. 
8.14 Nano-C Inc. 
8.15 Nanocyl S.A. 
8.16 Nanoshel LLC 
8.17 Southwest Nanotechnologies Inc.
8.18 Thomas Swan & Co. Ltd.

Chapter 9 List of Key Customers of Carbon nanotubes

Chapter 10 Primary Research- Key Findings

Carbon nanotubes (CNTs) are extraordinary and advanced materials in the nanomaterials category. A carbon nanotube is an allotrope of carbon at nanoscale. These carbon/graphite sheets are rolled into tubes to form a cylindrical structure with a diameter of 1 nm. This cylindrical structure provides exceptional properties that make carbon nanotubes strong and lightweight. Based on physical structure, carbon nanotubes are classified into single-wall carbon nanotubes (consisting of a single layer of carbon nanotubes) and multi-wall carbon nanotubes (consisting of more than one layer of carbon nanotubes superimposed over each other). Both types of carbon nanotubes offer excellent thermal, electrical, mechanical, and optical properties. Carbon nanotubes possess high tensile strength, which is up to 20 times higher than steel. Carbon nanotubes are suitable for usage in lightweight materials as these are five times lighter than steel. Demand for carbon nanotubes is high in aerospace, defense, and electronics industries due to their lightweight feature.

Based on product type, the carbon nanotubes market can be classified into single-wall carbon nanotubes and multi-wall carbon nanotubes. Carbon nanotubes are used across a wide range of industries including composites, electricals & electronics, and energy along with a range of industrial sectors. Continuous innovation in product and technology coupled with growing application of carbon nanotubes is an important factor driving the carbon nanotubes market. Thus, demand for carbon nanotubes is expected to increase by the end of 2023.

In terms of demand, multi-wall carbon nanotubes dominated the CNT market in 2014. Multi-wall carbon nanotubes consist of multiple layers of graphite/carbon that are superimposed and rolled one over the other to form a cylindrical and tubular structure. These unique cylindrical-structured multi-wall carbon nanotubes exhibit properties such as distinct thermal conductivity (five times higher than copper), electricity conductivity, and high mechanical strength (up to 20 times higher than steel). Due to these properties, multi-wall carbon nanotubes are primarily used in the manufacture of batteries, supercapacitors, plastic products, coatings, and construction materials. Single-wall carbon nanotubes are made up of pure carbon graphite rolled into cylindrical sheets with diameter ranging from 1 nm to 1.5 nm. The nanoscale structure of single-wall carbon nanotubes possesses superior electrical, thermal, mechanical, and optical properties. The unique combination of these properties has led to increase in demand for single-wall carbon nanotubes in applications such as packaging, solar cells, composites, displays, and coatings.

In terms of demand, the polymers segment dominated the application segment of the CNT market in 2014. Carbon nanotubes exhibit excellent mechanical properties such as high tensile strength and high elastic modulus. This makes them ideal as reinforcing materials. When utilized in polymeric materials, carbon nanotube enhance mechanical properties of the resulting composites. These carbon nanotube based composites are five times lighter and 20 times stronger than steel. Electricals & electronics was the second-largest application segment of the CNT market in 2014. Demand for carbon nanotubes in this application segment is increasing due to growing penetration of carbon nanotubes in the electronics and data storage market. Other application segments such as energy and others (medical, chemical, optical devices, etc.) are likely to exhibit higher demand for CNT in the near future.

In terms of region, Asia Pacific held the largest share of over 40% of the CNT market in 2014. Demand for CNT in the region is estimated to rise at a faster rate by the end of 2023 due to large consumption base, growth of various end-user industries, and lenient governmental regulations. In terms of demand, China, India, Japan, South Korea, Taiwan, and countries in ASEAN are projected to dominate the CNT market in Asia Pacific. North America accounted for the second-largest share of the CNT market in 2014. Growth of the CNT market in this region is expected to be steady till 2023 due to favorable policies and growing penetration in various end-user industries. Europe is anticipated to depict stable growth as the region is technologically advanced and has established markets. Latin America and Middle East & Africa are estimated to expand at a sluggish rate by the end of 2023.

Companies such as Showa Denko K.K., Cnano Technology Ltd., Nancyl S.A., Bayer Material Science AG, Arkema Inc., and Hyperion Catalysis International Inc. are prominent players in the carbon nanotubes market.

 

carbon-nanotube-market

 


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