Description:Global Carbon Nanotubes Market size was valued US$ 5.41 Bn in 2019 and the total revenue is expected to grow at 18.23% through 2020 to 2027, reaching US$ XX Bn.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock... moreGlobal Carbon Nanotubes Market size was valued US$ 5.41 Bn in 2019 and the total revenue is expected to grow at 18.23% through 2020 to 2027, reaching US$ XX Bn.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Global Carbon Nanotubes (CNT) Market
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The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report, and the same is reflected in our analysis.
The global Carbon Nanotubes market is driven by the increasing demand for lightweight and low carbon-emitting vehicles, the rising importance of alternate sources of energy, high growth of end-use industries such as a polymer, automotive, and electrical & electronics.
Technological advancements in carbon nanotubes and decreasing production cost, and use of carbon nanotubes with epoxy adhesives in aerospace applications will impel market growth in the upcoming period. However, environmental concern and health & safety issues may restrain the market growth at the global level. Growth in developing applications is projected to create beneficial growth opportunities for key players in the market. Stringent and time-consuming regulatory guidelines, maintaining quality, and reducing processing costs are the major challenges for the Carbon Nanotubes market in the near future.
Based on the application, the electronics & semiconductors segment has led the Carbon Nanotubes market in 2019 and is estimated to generate more than US$ XX Mn market revenue by 2027, with a CAGR of XX%. Good conductivity and excellent optoelectronic properties of the product play a vital role in the manufacturing of electronic devices such as field-effect transistors and diodes. Also, it has been utilized to form a p–n junction diode by chemical doping and polymer coating. The rising prominence for energy generation through renewable energy sources like solar and wind energy are projected to endorse the role of solar cells and wind turbines. The growing adoption of solar cells and wind turbines are estimated to boost the carbon nanotubes market growth in the upcoming period.
Geographically, the Carbon Nanotubes market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific held market share of XX% in 2019 and is expected to reach US$ Mn by the end of 2027, with a CAGR of XX%. Robust consumption of carbon nanotubes (CNTs) for various applications like automotive, sports, energy, electrical & electronics, and aerospace & defense, are propelling the market growth in this region.
Asia Pacific is expected to grow at a CAGR of XX% during the forecast period. Rising demand for carbon nanotubes from developing economies like China, India, Vietnam, South Korea, Singapore, and Taiwan are successfully contributing to the regional market growth. Among these, China is expected to hold the dominant market share of XX% in 2019. China is the leading consumer of carbon nanotubes at the global level due to augmented industrial production. The Indian government has taken the initiative of the National Solar Mission, planned for increasing solar power generation capacity and encouraging new investments in the manufacturing of solar cells, which increases the demand for carbon nanotubes in the production of solar cells over the forecast period. The rising investments in research and development activities for the introduction of advanced carbon nanotubes are estimated to accelerate the growth of this region in the near future.
The objective of the report is to present a comprehensive analysis of the Global Carbon Nanotubes Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Carbon Nanotubes Market dynamics, structure by analyzing the market segments and project the Global Carbon... less
