“Carbon Nanotubes (CNT) Market Report 2022-2027”
The global carbon nanotubes market reached a value of US$ 4.05 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 10.8 Billion by 2027 exhibiting a growth rate (CAGR) of 17.20% during 2022-2027.
IMARC Group latest research study “Carbon Nanotubes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, finds that the global carbon nanotubes market size reached a value of US$ 4.05 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 10.8 Billion by 2027 exhibiting a CAGR of 17.20% during 2022-2027.
Carbon nanotubes (CNTs) refer to small cylindrical-shaped allotropic carbon structures manufactured under chemical vapor deposition. They possess astounding electronic, mechanical, chemical, and optical properties and are stronger than steel. They are manufactured by rolling single or multiple layers of graphene sheets of one atom thickness into a tube-like structure. They are elastic, conductors of heat, expand on heating, and contain a high thermal capacity. They can be transformed into sophisticated biosensing and biocompatible drug-delivery systems for targeting and eliminating tumor cells. They are also used to reinforce various materials, such as plastics and metals, to make them stronger and more resistant to damage. They are employed to manufacture various energy storage devices that are smaller, lighter, and more efficient than traditional storage devices. They are incorporated into filtration systems to separate particles that are bigger than their diameter and used to trap smaller-sized ions from a solution. They are also utilized for storing hydrogen in cryogenic temperatures as they possess large surface areas and small mass concentrations. They are employed in the production of various sports equipment, such as tennis rackets, golf clubs, and snowboards, to increase their strength. Furthermore, as CNTs are lightweight and provide enhanced chemical stability, their demand is rising around the world.
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Carbon Nanotubes Market Trends and Drivers:
At present, the increasing demand for CNTs in manufacturing actuators and electromagnetic shields represents one of the primary factors influencing the market positively. Besides this, the rising investments in drug