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

Carbon Nanotubes Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Global Carbon Nanotubes Market: Overview

Current uses of carbon nanotubes lie in the strengthening of material used for mechanical or protective functions. Carbon nanotube-based films are rapidly replacing indium tin oxide coatings as the optimum top layer for touchscreens as the former is superior in strength and thermal stress endurance. The high mechanical strength and lower weight of wind turbine blades that include carbon nanotubes is creating a major scope in the renewables sector.

Additionally, most key players are investing a lot into research and development efforts while simultaneously expanding production capacities. This is complemented by the growing demand for carbon nanotubes across major industry verticals owing to steady price reduction and increasing scope of applications.

Due to these reasons and other minor factors, the global carbon nanotube market is expected to progress at a CAGR of 22.1% within a forecast period from 2015 to 2023, in terms of revenue. This market is expected to be valued at US$1.6 bn by the end of 2016, and US$6.8 bn by 2023. By volume, this market is expected to expand at a CAGR of 20.1% from 2015 to 2023.

 

carbon-nanotubes-market

 

Carbon Nanotubes Players Attracted to Asia Pacific and its Rapid Industrial Development

By the end of 2016, the overall volume of carbon nanotubes is expected to reach 3.2 mn tons. This is expected to be the largest volume consumed by any of the major regions. Asia Pacific also shows the leading growth rate for carbon nanotube consumption and revenue till 2023.

Carbon nanotube demand in Asia Pacific is expected to receive a massive boost through an accelerated increase in demand from nations of India, Japan, South Korea, Taiwan, and China, in the industries of electronics and electrical components. The Asia Pacific polymers industry has found a large scope of use for carbon nanotubes, making it the largest application segment between 2015 and 2023.

Major Preference for Multi-wall Carbon Nanotube Shown by Application Industries

There is a major disparity in demand for single-wall and multi-wall carbon nanotubes, which arises due to the scope of use of each product type and the properties that they enhance. Multi-wall carbon nanotubes possess enhanced thermal conductivity and mechanical strength, allowing it to gain high demand from the manufacturers of super-capacitors, batteries, construction materials, and coatings.

Polymers Industry Absorbs Most of Global Carbon Nanotube Production

By 2023, the revenue generated by the global carbon nanotube player base will have crossed US$4.5 bn. The polymers industry has consistently held a high share in the overall demand for carbon nanotubes and will continue to do so for the foreseeable future. Most polymer producers see carbon nanotubes as excellent modern options to reinforce their current batches of polymers in terms of tensile strength, elasticity, and overall mechanical strength. These improved polymers are in high demand in most industries where the lightweight polymers can be used to replace traditional steel and glass while additionally increasing the strength of their product. Most of the reinforced polymers are currently being used in electronics, aerospace, defense, and construction.

Key manufacturers of carbon nanotubes include Showa Denko K.K., Cnano Technology Ltd., Nanocyl S.A., Bayer MaterialScience AG, Arkema Inc., and Hyperion Catalysis International Inc.


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

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


 
 
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