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Carbon Nanotubes (CNT) Market to Reach $8.7 Billion by 2022 - Analysis By Type, Method, Application & Region - Research and Markets

[August 04, 2017]

Carbon Nanotubes (CNT) Market to Reach $8.7 Billion by 2022 - Analysis By Type, Method, Application & Region - Research and Markets

The "Carbon Nanotubes (CNT) Market by Type (Single, Multi Walled), Method (Chemical Vapor Deposition, Catalytic Chemical Vapor Deposition, High Pressure Carbon Monoxide), Application (Electronics, Chemical, Batteries, Energy, Medical) - Forecast to 2022" report has been added to Research and Markets' offering.

The Carbon Nanotube (CNT) market is expected to grow from USD 3.95 billion in 2017 to USD 8.70 billion by 2022, at a CAGR of 17.09% between 2017 and 2022.

Growing demand from applications, such as advanced materials, electronics & semiconductors, chemical & polymers, batteries & capacitors, energy, aerospace & defense, and medical is expected to fuel the growth of the carbon nanotube market. The intrinsic mechanical properties of CNTs make them a suitable nanomaterial. The CNTs also have a unique combination of stiffness, strength, and tenacity compared to other fiber materials which usually lack one or more of these properties. The growth of the CNT market is affected by the cost structure of CNT, processing difficulties, and availability of substitutes such as silicon carbide nanotubes (SiCNTs).

Among regions, Asia Pacific is the fastest-growing carbon nanotubes market. Thi growth is mainly attributed to the booming economies such as China, India, Taiwan, and a few smaller countries, such as Indonesia, Vietnam, and Malaysia. China is the leader in terms of carbon nanotubes demand in Asia Pacific. China is a rapidly developing nation with many emerging applications such as hydrogen storage, super conductors, filters, capacitors, and others.

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