The global carbon nanotubes (CNT) market size report is anticipated to gain traction from their rising utilization in brushes as they enhance electrical, as well as thermal conductivity in commercial electric motors.
This information is given by Fortune Business Insights™ in a recent report, titled, “Carbon Nanotubes (CNT) Market Size, Share & Industry Analysis, By Product (Multi Walled Carbon Nanotubes (MWCNT) and Single Walled Carbon Nanotubes (SWCNT)), By Application (Plastics & Composites, Electrical & Electronics, Energy, and Others), and Regional Forecast, 2019-2026.” The report further mentions that the CNT market size was USD 4,560.7 million in 2018 and is projected to reach USD 13,656.0 million by 2026, exhibiting a CAGR of 15.3% during the forecast period.Highlights of the ReportExtensive analysis of all the regions present in the market.Profiles of the key companies and the vital strategies that they are adopting to intensify competition.Elaborate details about the carbon nanotubes market trends, opportunities, and challenges.In-depth information regarding the important growth drivers and barriers.Drivers & Restraints-Extensive Usage in Aerospace Industry to Augment GrowthIn the aerospace industry, CNT is used the most as the aircraft manufacturers are focusing on developing stronger, long-lasting, and tougher components.
This is likely to obstruct the carbon nanotubes market growth in the coming years.
Amongst these, the electrical and electronics segment held 10.6% CNT market share in 2018.
This growth is attributable to the increasing funding provided by many government and private agencies to conduct research and development activities on polymers and composites.
These are gaining more popularity as they are capable of remoulding the electrical, thermal, and mechanical properties of numerous products.Asia Pacific, on the other hand, consists of significant contributors, such as South Korea, China, Japan, and India.