The market size of the global Carbon Nanotubes (CNTs) was USD 877.8 million in 2021 and is projected to reach USD 3,042.2 million in 2030, registering a revenue CAGR of 14.9% during the forecast period. The primary driving force behind the growth in revenue of the global carbon nanotubes market is the increasing demand for CNT in the electronics industry. CNT is used in the production of photovoltaics, semiconductor devices, displays, conductors, sensors, smart textiles, and energy conversion devices, among other applications. The market’s revenue growth is also attributed to the rising demand for CNTs in the production of electric vehicle (EV) batteries, medical devices, and their use in biotechnology and biomedical applications. The market is also benefiting from the rapid technological advancements in nanotechnology and biotechnology, as well as the increasing investments in R&D activities by various private companies.
CNTs have a wide range of applications in biotechnology and biomedical applications, such as the production of biosensors, drug delivery, neuron growth & regeneration, vascular stents, enzymes sheathe, and transfection of Deoxyribonucleic Acid (DNA). These factors also contribute to the market’s revenue growth.
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Carbon Nanotubes (CNTs) Market Segments:
The carbon nanotubes market is expected to experience significant growth in the coming years, with a CAGR of 14.9% from 2021 to 2030. The market size was valued at USD 877.8 million in 2021, and revenue is forecasted to reach USD 3042.2 million by 2030.
The report covers a range of parameters, including company ranking, competitive landscape, growth factors, and trends. The report also segments the market by product type outlook, technology outlook, application outlook, and regional outlook.
In terms of product type outlook, the market is segmented into single-walled carbon nanotubes (SWCNTs) and multi-walled carbon nanotubes (MWCNTs). The technology outlook includes arc discharge, laser ablation method, chemical vapor deposition (CVD), catalytic CVD, high-pressure carbon monoxide, CoMoCAT, floating catalyst, and others.
The application outlook includes electronics and semiconductor, aerospace and defense, energy storage, structural composites, chemical materials, medical and pharmacy, and others. Finally, the regional