Global Carbon Nanotubes Market Size Analysis, 2018-2028
| REPORT ID: BKR638 | Domain: Chemicals | Published Date: April 2018 |
The global carbon nanotube market size is estimated to be valued at USD 1,571 million in 2018 and will register a CAGR of 16.8% to create revenue opportunity of USD 6,086 million over the forecast period. Production volume was USD 4,536 metric tons in 2016 – however, production capacity is much larger with 18,000 metric tons. Technological advancement has greatly shaped this industry wherein the prices has declined from USD 900 per gram to just USD 100 to 120 per kg in 2016.
Carbon nanotubes (CNT) are rod-like structures of carbon atoms that exhibit extraordinary electrical properties for organic materials, and has its addressable market potential in electronic applications ranging from fuel cells to semi-conductor devices. These are smaller and faster and thus is more efficient than silicon chips.
Increasing penetration of CNTs in hardware, plastics and other electrical applications has led to emergence of over 46 mainstream companies in the global carbon nanotubes market. This number is expected to further escalate in next 5 years. Its scope is not only limited to automotive composites and electronics segment but also to flame retardants – with high revenue opportunity for industry players.
Global Carbon Nanotubes Market Drivers and Challenges
Since its discovery, the CNTs has shown immense potential that could revolutionize the manufacturing industry. Increased dependency on carbon nanotubes will cut down the operational cost and thus increase the competitiveness level. Developed economies including North America and Europe are at the forefront of the race, wherein, CNTs leverage could help the regional players to compete with global players at competitive prices. Its feature could be gauged from the fact that high-strength CNTs fibers in transport vehicles could reduce net weight by 30%.
Furthermore, much of the demand for CNTs is expected to generate from construction sector and automotive sectors. As per the estimates, construction and automotive sector is expected to account for over 72% of total carbon nanotubes market size by 2021. Over 57% of total CNT demand in automotive sector is expected to generate from marine industry alone. It is expected that automotive composite will reach over USD 7.2 billion by 2028. Penetration of 2 to 3% CNT in automotive composite will create revenue opportunity of nearly 150 million by 2028 additionaly. The trend is expected to be more or less similar in all other sectors. However, electronics industry will register impressive adoption of carbon nanotubes during the forecast period.
Energy sector is another promising sector for carbon nanotubes market players. CNTs based electrodes are 10X thinner with conductivity 1000X higher than amorphous carbon electrodes. Increasing demand for light weight batteries with higher conductivity in electric vehicles will create higher carbon nanotubes market opportunity.
The industry still has not reached to its maximum point. However, many companies have emerged in the developed regions – leading to market oversupply. This is likely to not impact the business scope of leading players but could hurt the small scale companies. Though market will create million dollar opportunity for industry players, small scale companies need to focus on product differentiation in order to have a hold on the market.
Global Carbon Nanotubes Market Analysis, By Type
Multi-walled carbon nanotubes is expected to dominate the market and is seen as a superior replacement for carbon black. In 2017, its consumption is expected to account for 92% market revenue share and is expected to register 6.1X growth to create revenue opportunity for industry players.
Though single walled carbon nanotubes market size is marginal, its revenue will grow by 7.7X during the forecast period. Few players are operational in this segment compared to multi-walled. As such, there is high scope to tap the market. For instance, in 2015, OCSiAl Asia Pacific Co Ltd. entered in partnership with CM Partner to jointly develop single wall CNTs product. From a strategic point of view, this move could help company to create broader client relations and thus greater hold on South East Asia Pacific region. Single wall CNT are the most conductive carbon fibers known and has huge potential in nano-electronics.
Global Carbon Nanotubes Market Size and Forecast: Regional Analysis
Exhibit 1:
Globally, North America carbon nanotubes market size will dominate the industry till 2024, before losing position to Asia Pacific in 2025. The region is expected to be valued over USD 595 million in 2018 and will register a CAGR of 15.6% to witness 4.9X increase in its revenue. Much of the demand in the region is expected to generate from automotive and electronic sectors.
Asia Pacific will register impressive CAGR of 23% between 2018 and 2028. Much of the demand will generate from China and Japan. Over 65% of semiconductor market is in china. Moreover, the country is progressing at a very high pace in electric vehicles segment. As such, there is high addressable market in the country. By 2028, China carbon nanotubes market size will reach USD 2,216 million – 10% higher revenue than U.S. – suggesting market could dynamically shift towards China by end of the forecast period.
Global Carbon Nanotubes Market Size and Forecast: Competition Landscape
The global Carbon Nanotubes market industry is fragmented. Demand is expected to escalate from automotive industry. Some key carbon nanotubes market industry players are Arkema Inc., Cnano Technology Ltd., Hanwha Chemical Corporation, OCSiAl Asia Pacific Co Ltd., Hyperion Catalysis International Inc., Nanocyl S.A., Unidym Inc., Showa Denko K.K., Continental Carbon Company, and Bayer Material Science AG. Showa Denko K.K., Bayer Material, Cnano Technology Ltd., Nanocyl S.A., dominates the market share.
Carbon Nanotubes Market Size TOC
- Report Structure
- Research Methodology
- Market Engineering Factors Weightage
- Market Share Methodology
- Executive Summary
- Key Findings
- Market Engineering Factors
- Industry Expert Perspectives
- Market Definitions
- The Global Carbon Nanotubes Market Value
- Overall Market Forecast
- Carbon Nanotubes Growth Outlook, By Segments
- Carbon Nanotubes Growth Scenario, by Region
- The Carbon Nanotubes Industry Ecosystem
- Parent Market Overview
- Industry Value Chain and Distribution Analysis
- Growth Factor Analysis
- Key Industry Players By Region
- The Carbon Nanotubes Industry Dynamics
- Drivers
- Challenges
- Opportunities
- Mega Trends
- Geographical Trends
- Industry Experts Views
- Merger Acquisition
- Regulatory Compliances, By Selected Countries
- Key Industry Developments
- The Carbon Nanotubes Market Pricing Analysis
- Carbon Nanotubes Product Pricing Forecast
- Pricing Analysis By Region
- Pricing Trends
- Global Carbon Nanotubes Industry Value and Forecast
- Introduction
- Industry Initiatives
- Industry Predictive Analysis
- Carbon Nanotubes Industry Segment Comparative Ranking Analysis
- Key Companies Involved and Initiatives
- Global Industry Opportunity Proposition Analysis
- Market Share Analysis, (%)
- Global Carbon Nanotubes Market Size and Forecast, (2017-2027)
- Market Value Forecast (US$ Million)
- Growth Analysis (Y-o-Y) and Forecast
- Global Carbon Nanotubes Industry Size and Forecast, By Segments
- By Product type
- Single Walled Carbon Nanotubes
- Multi-walled Carbon Nanotubes
- By Applications
- Polymer Composites
- Conductive Adhesives
- Fire Retardant Plastics
- Battery Electrodes
- Construction Composites
- Otheres
- By Product type
- North America Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis
- North America Carbon Nanotubes Market Analysis
- Industry Size and Forecast, (2017-2027)
- Industry Share (%)
- Industry Growth Forecast (%)
- North America Carbon Nanotubes Market, By Segments (As mentioned in section 10 of TOC)
- S. Carbon Nanotubes Market Size and Forecast, By Segments
- Canada Carbon Nanotubes Market Size and Forecast, By Segments
- Latin America Carbon Nanotubes Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Regional Countries
- Latin America (South America) Carbon Nanotubes Market Analysis
- Industry Size and Forecast, (2017-2027)
- Industry Share (%)
- Industry Growth Forecast (%)
- Latin America Carbon Nanotubes Market, By Segments (As mentioned in section 10 of TOC)
- Brazil Carbon Nanotubes Market Size and Forecast, By Segments
- Argentina
- Mexico
- Rest of Latin America
(Carbon Nanotubes industry analysis covered across Latin America countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Western Europe Carbon Nanotubes Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Regional Countries
- Western Europe Carbon Nanotubes Market Analysis
- Industry Size and Forecast, (2017-2027)
- Industry Share (%)
- Industry Growth Forecast (%)
- Western Europe Carbon Nanotubes Market, By Segments (As mentioned in section 10 of TOC)
- Germany Carbon Nanotubes Market Size and Forecast, By Segments
- UK
- France
- Spain
- Italy
- NORDIC
- Switzerland
- Rest of Western Europe
(Carbon Nanotubes industry analysis covered across Western Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Central and Eastern Europe (CEE) Carbon Nanotubes Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Regional Countries
- Central and Eastern Europe Carbon Nanotubes Market Analysis
- Industry Size and Forecast, (2017-2027)
- Industry Share (%)
- Industry Growth Forecast (%)
- Central and Eastern Europe Carbon Nanotubes Market, By Segments (As mentioned in section 10 of Carbon Nanotubes Market TOC)
- Russia Carbon Nanotubes Market Size and Forecast, By Segments
- Poland
- Ukraine
- Rest of CEE
(Carbon Nanotubes industry analysis is covered across Central and Eastern Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Asia Pacific Carbon Nanotubes Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Asia Pacific Countries
- Asia Pacific Carbon Nanotubes Market Analysis
- Industry Size and Forecast, (2017-2027)
- Industry Share (%)
- Industry Growth Forecast (%)
- Asia Pacific Carbon Nanotubes Market, By Segments (As mentioned in section 10 of TOC)
- Japan Carbon Nanotubes Market Size and Forecast, By Segments
- China
- India
- South Korea
- Australia
- ASEAN
- Rest of Asia Pacific
(Carbon Nanotubes industry analysis is covered across Asia Pacific countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Middle East Carbon Nanotubes Market Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Middle East Countries
- Middle East Carbon Nanotubes Market Analysis
- Industry Size and Forecast, (2017-2027)
- Industry Share (%)
- Industry Growth Forecast (%)
- Middle East Carbon Nanotubes Market, By Segments (As mentioned in section 10 of TOC)
- GCC Carbon Nanotubes Market Size and Forecast, By Segments
- Israel
- Rest of Middle East
(Carbon Nanotubes industry analysis is covered across Middle East countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Africa Carbon Nanotubes Market Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Africa Countries
- Market Share Analysis, (%)
- Africa Carbon Nanotubes Industry Size and Forecast, (2017-2027)
- Africa Carbon Nanotubes Industry Share (%)
- Africa Carbon Nanotubes Industry Growth Forecast (%)
- South Africa Carbon Nanotubes Market Size and Forecast, By Segments
- Algeria
- Nigeria
(Carbon Nanotubes industry analysis is covered across Africa countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Carbon Nanotubes Market Competitive Landscape
- Competition Dashboard
- Funding and Investment
- Company Market Positioning
- Marketing Mix Strategies
- Product Level Strategies
- Go-to-Market Strategies
- SWOT Analysis
- Key Developments, By Companies
- Company Profiles*
- Arkema Inc.,
- OCSiAl Asia Pacific Co Ltd.,
- Cnano Technology Ltd.,
- Hanwha Chemical Corporation,
- Hyperion Catalysis International Inc.,
- Showa Denko K.K.,
- Nanocyl S.A.,
- Unidym Inc.,
- Continental Carbon Company,
- Bayer Material Science AG.
- Analyst Opinion
- Summary and Conclusion
- For more Information, Bekryl can help
*(SWOT, Key Developments, and Strategies are based on individual companies)
To access the detailed Carbon Nanotubes industry TOC and sample research pages, download sample.
What Will You Discover in the Report?
- An in-depth analysis of the Carbon Nanotubes market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
- How the Carbon Nanotubes market sales is expected to grow throughout the forecast period.
- How geopolitical policies and technological changes will affect the Carbon Nanotubes market in near future
- Where the stakeholders should invest to generate higher profit margins
- How consumers (end-users) will reflect to the Carbon Nanotubes industry during the forecast period
- Who are the Carbon Nanotubes industry leaders and what are the key initiatives taken by them for long term growth
Who will benefit from the Report?
- Carbon Nanotubes Industry Suppliers
- Carbon Nanotubes Industry Manufacturers
- Consultants and Analysts
- Researchers
- Healthcare Specialists
Analyst access with Bekryl Market Analysts
Purchasing of Carbon Nanotubes market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.
Carbon Nanotubes Market Report Structure
Carbon Nanotubes Industry Dynamics
This section enables Carbon Nanotubes industry stakeholders to understand the prevalent market conditions and help them prioritize their investment strategy. Factors that are favorable to Carbon Nanotubes market growth is equated with challenges – resulting in proper growth strategy module. Drivers and challenges provide early assessment of current Carbon Nanotubes industry trends and keep industry leaders abreast of latest happenings.
This section includes:
- Market Drivers
- Market Challenges
- Carbon Nanotubes Industry Trends
- Carbon Nanotubes Value Chain Analysis
- Marketing Opportunities
- Regulatory Aspects
- Carbon Nanotubes Industry Experts Market Opinion
Industry Analysis, By Segments
Industry stakeholders receive detailed analysis of the Carbon Nanotubes industry trends. Anticipate key market trends across market analysis segments with Bekryl Market Analysts model.
Each segment has research framework, essential to understand the market scenario in near future.
Each segment includes:
- Market Size and Forecast
- Annual Growth Rate Analysis (AGR)
- Key Trends, By segments
- Key Industry Developments
- Investment Proposition Analysis
- Potential Addressable Market Analysis
- Growth Factor, By Segment Analysis
This section helps in understanding the overall demand across end-users. As such, the industry stakeholders are able to minimize the operational cost and take better strategic decisions.
Competition Landscape
Keep abreast of key strategies of industry leaders and regional Carbon Nanotubes industry players. Company profiles allow industry stakeholders to competitor’s strategic decision and understand how these affect their own business.
This section include:
- Competition dashboard
- SWOT Analysis by Companies
- Go-to-market sales strategy
- Financial performances subject to listed companies
- Market Share Analysis
- Analyst Recommendation
Regional Market Analysis
Regional analysis help industry leaders to better understand the dynamics of their current market and determine which regional market their company should target to strengthen their market presence globally. The Carbon Nanotubes market report offers industry scenario in 24+ countries. Regional section focus on economic context, regulatory framework, supply demand balance trends and key regional companies engaged in the market.
This section include:
- Market Size by Country and Region
- Market Opportunity, By Country and Region
- Regional Trends
- Growth Analysis and Forecast
Country Profiles
Country profiles help industry leaders to better analyze the market at root level – thereby framing strategies that could add value to the overall organization. This section contains information pertaining to key developments and research framework mapping the potential attractive end-users. Factors are equated with macroeconomic conditions to help leaders minimize operational risks if any
North America Carbon Nanotubes Market Size
- S.
- Canada
Latin America Carbon Nanotubes Market Size
- Brazil
- Mexico
- Argentina
- Rest of Latin America
(*Carbon Nanotubes Market value analyzed across each Latin America country)
Western Europe Carbon Nanotubes Market Size
- Germany
- UK
- France
- Switzerland
- Spain
- Italy
- NORDIC
- Rest of Western Europe
(*Carbon Nanotubes Market value analyzed across each Western Europe country)
Central and Eastern Europe Carbon Nanotubes Industry Analysis
- Russia
- Poland Meat
- Ukraine Meat
- Rest of Eastern Europe
(*Carbon Nanotubes Market value analyzed across each Central and Eastern Europe country)
Asia Pacific Carbon Nanotubes Industry Size
- China
- India
- Japan
- Australia
- South Korea
- ASEAN Meat
- Rest of Asia Pacific
(*Carbon Nanotubes Market value analyzed across each Asia Pacific country)
Middle East Carbon Nanotubes Industry Size
- GCC
- Israel
- Rest of Middle East
(*Carbon Nanotubes Market value analyzed across each Middle East country)
Africa Carbon Nanotubes Industry Size
- South Africa
- Algeria
- Nigeria
- Rest of Africa
Carbon Nanotubes Market Research Methodology
Bekryl Market Analysts has earned reputation within the market research and consulting industry for its ability to not only collect and reprint data but also its ability to build upon its extensive models and databases to provide meaningful forecasting and strategic planning services to clients.
Our research analyst and industry experts thoroughly investigates the industry by extensively interviewing the industry leaders and analyzing information from various secondary sources. The information collected is analyzed with the help of analytical tools to offer real time forecast solutions.
Carbon Nanotubes Market Growth Forecasting Methodology
In order to prepare historical data and analyze Carbon Nanotubes market forecast, Bekryl prepare data for product supply and actual demand from end-use consumers. Through this, we get to know actual demand for Carbon Nanotubes market globally. The data collection is done through secondary and primary market research and then a constructive model is developed.
- Secondary market research involves data collection through various paid publications and government agencies. Various journals and pre-encrypt transcripts is decoded to get the real time data solutions
- The data collected through secondary research is then validated with the industry experts to minimize the anomaly and reflect key stakeholders opinion in the report.
With the model constructed, the cluttered data collected through different sources is structured with the help of proprietary analytical tools – making us understand the variation happened in the current year compared to historical years. To forecast Carbon Nanotubes industry revenue, Bekryl Market Analysts takes in consideration the demand growth of the segments. Demand for the product is dependent on end-user spending which is a function of many factors: amongst them macroeconomic strength, price variation and other base factors.
The forecast methodology requires extensive data analysis across countries. Among all the factors, GVA and GDP output is considered as the first set of approximation. Bekryl Market Analysts has developed a demand driven model based on GDP across targeted countries. Under this, co-relation is analyzed between product and GDP – resulting in a constant GDP-Product coefficient. Higher the coefficient- greater will be the growth rate. For instance, GDP-Product segment coefficient matrix of 3 denotes Carbon Nanotubes industry growth is nearly 3.5X to 5.5X higher than the relative GDP.
Besides GDP-Product Coefficient, Bekryl establishes following relation variation for higher predictive analysis.
- Base Factors Growth Analysis
- Price Variation Analysis
- Potential Consumer Mapping
Carbon Nanotubes Industry Players: Competition Landscape Methodology
Bekryl maps key market players across regions. Financial ratios is taken in consideration along with regional presence and their value chain to understand the company market strength. Thereafter, investment proposition for each company is proposed which gives coefficient matrix value for the company. Industry experts is also reflected in company landscape.
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