The Industrial Carbon Nanotubes Market is set to grow significantly by 2030, driven by advancements in technology and regional market dynamics.
The Industrial Carbon Nanotubes Market report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends. According to the report published by Allied Market Research, the global industrial carbon nanotubes market was estimated at 2.3 billion in 2020 and is expected to hit $10.3 billion by 2030, registering a CAGR of 16.3% from 2021 to 2030.
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The global industrial carbon nanotubes market is analyzed across type, technology, application, and region.
Based on type, the MWCNT segment held the major share in 2020, garnering nearly three-fourths of the total market. The SWCNT segment, however, would cite the fastest CAGR of 20.9% during the forecast period.
Based on region, the market across Asia-Pacific contributed to the major share in 2020, holding nearly two-fifths of the global market. The same region would also grow at the fastest CAGR by 17.5% from 2021 to 2030. The other provinces studied in the report include North America, Europe, Middle East, Africa, and South America.
By technology, the CVD segment accounted for more than one-fifth of the total market revenue in 2020, and is anticipated to retain its dominance by 2030. The catalytic CVD segment, on the other hand, would grow at the fastest CAGR of 17.9% from 2021 to 2030.
The key market players analyzed in the global industrial carbon nanotubes report include Cabot Corporation, CHASM Advanced Materials Inc., CHEAPTUBES, Hyperion Catalysis International, Jiangsu Tiannai Technology Co. Ltd., Kumho Petrochemical, LG Chem, Nano-C, Nanocyl SA, Arkema SA, Toray Industries, Nanostructured & Amorphous Materials Inc., Nopo Nanotechnologies, OCSiAl, Ossila Ltd., Raymor Industries, Showa Denko K.K., Klean Industries, Thomas Swan and Co. Ltd., and Tokyo Chemical Industry Co. Ltd. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.
COVID-19 scenario-
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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The article focuses on the growth and forecast of the Industrial Carbon Nanotubes Market from 2021 to 2030.
The Asia-Pacific region is leading in market growth, with significant contributions from North America and Europe.
COVID-19 disrupted the supply chain and delayed new projects, impacting market growth negatively.
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