According to ChemAnalyst report, “Global Carbon Nanotubes Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, global carbon nanotubes market has shown tremendous growth in the past five years and is anticipated to achieve a CAGR of 6.98% during the forecast period.

Increasing population and growing demand for high performance materials in automobiles, defense, aerospace, electrical and electronic, and sports equipment backed by government initiatives across several regions to promote electric vehicles would drive the demand for carbon nanotubes in the forecast period.

In addition, UNICEF’s push for the economies to reach Sustainable Development Goals would further support the market growth in the forecast period due to environment friendly nature of electric vehicles which are an end use of carbon nanotubes.Get more info: https://www.chemanalyst.com/industry-report/carbon-nanotubes-market-439Carbon nanotubes are rolled up sheets of single layer carbon atoms(graphene).

Owing to their superior properties like high electrical conductivity, high thermal conductivity, high mechanical strength, very light weight, very high aspect ratio, high chemical stability, carbon nanotubes find application in every field requiring high performance materials like automotive, defence, aerospace, energy, sports etc.

Carbon nanotubes can be produced mainly by three methods which include arc discharge, laser ablation of graphite and chemical vapour deposition (CVD).

While several industrial operations remained impacted due to indefinite shutdowns to contain the spread of the virus, carbon nanotubes production, remained largely limited in several parts of the world.Regionally, Asia Pacific dominates the Global carbon nanotubes market and holds the largest market share in FY19.