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    Carbon Nanotube Market

    ID: 2988
    111 Pages
    Research Team
    02/2021

    Carbon Nanotubes (CNTs) Market Research Report Information by Type (Single-Walled Carbon Nanotubes (SWCNTs) and Multi-Walled Carbon Nanotubes (MWCNTs)), Method (Chemical Vapor Deposition, High-Pressure Carbon Monoxide Disproportionation, Arc Discharge, Laser Ablation and others), End-Use Industry (Aerospace & Defense, Electrical & Electronics, Automotive, Energy, Sports and others)&nbsp...

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    Market Summary

    Research Methodology on Carbon Nanotube Market


    Introduction


    The market for carbon nanotubes is expected to witness substantial growth in the coming years due to their excellent properties such as high electrical and thermal conductivity, high surface area, and excellent mechanical strength that enables them to be used in a wide range of applications.


    The objective of this study is to analyse the current market scenario, growth potential and recent product developments in this industry. In this research, Market Research Future (MRFR) has employed various primary and secondary research techniques to compile the market report.


    Objectives


    The primary objective of this market research report is to provide an in-depth analysis of the current market. It also aims to identify lucrative opportunities and recent trends in this market and recommend measures to exploit them. The report also provides an overview of the various products and applications of the carbon nanotube and its contribution to the global market. In addition, future predictions and segmentation are also included in the scope of the report.


    Research Methodology


    Research methodology is a structured and organized process of collecting, analysing, interpreting and reporting data. The research methodology employed for this report is based on secondary research, primary research and key insights from industry experts. Secondary research involves desk research and includes information collected from various sources such as industry publications, company publications, and online databases. Primary research includes field surveys, interviews with industry leaders, competitor analysis and third-party opinions.


    Data Collection


    The key data is collected from secondary sources such as market databases, market journals, books, periodicals, and other industry sources. Primary sources include market surveys, interviews with industry professionals and experts, and information obtained from meetings, workshops and webinars. Data is also collected via web surveys, e-mail marketing campaigns, and direct calls to market participants.


    Data Analysis


    Data collected through various sources are analyzed using various analytical tools such as descriptive statistics, regression analysis, and time series analysis to gain insights into the market. This helps in understanding the size, growth rate, trends and developments in the markets.


    Market Validation


    The research report is validated through data obtained from secondary sources such as industry publications, company reports and other peer-reviewed sources. Additionally, the report is also validated through primary research. Customer feedback and opinions from industry professionals are obtained and analysed to obtain accurate insights into the market.


    Industry Analysis


    Industry analysis involves studying and analyzing the competitive landscape in the market, examining the competitive strategies used by leading players and evaluating pricing trends. It also includes examining the regulatory framework for the industry and assessing patent expiries and new product introductions in the market.


    Secondary and Primary Charts


    Secondary and primary charts are used to analyse the market shares of the key players, industry segments, and projected growth rates. The charts and diagrams also aid in understanding the market dynamics.


    Final Verification


    The report is then verified using the final verification process. This process involves validating all the conclusions, inferences and findings of the research with relevant experts and stakeholders.


    Conclusion


    This method of research is conducted to obtain an accurate understanding of the Carbon Nanotube Market. Through this research, complete insights into current trends, product developments and market opportunities were obtained. The research report provides a detailed understanding of this market, enabling industry players to plan effective strategies to compete and gain a larger market share.

    Market Size & Forecast

    Attribute/Metric Details
    Market Size 2023 USD 1.1 Billion
    Market Size 2024 USD 1.27 Billion
    Market Size 2032 USD 4.02 Billion
    Compound Annual Growth Rate (CAGR) 15.50% (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2018 & 2020
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered By Type, Method, End-Use Industry and Region
    Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
    Countries Covered The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Carbon Solutions Inc (US), kuhmo petrochemical (South Korea), Arry International Group Limited (China), Nanocyl SA (Belgium), LG Chemical Limited (South Korea), Cabot Corporation (US), Showa Denko K.K. (Japan), Jiangsu Cnano Technology Co., Ltd. (China), Chengdu Organic Chemicals Co. Ltd. (China), among others.
    Key Market Opportunities Increased interest of Government organizations around the world
    Key Market Dynamics
    Introduction and development of structural polymer composites which are light in weight.
    Highly conductive materials used as fillers in EMI shielding materials.

    Market Trends

    Global Carbon Nanotubes Market Overview

    The Carbon Nanotubes (CNTs) Market Size was valued at USD 1.1 Billion in 2023. The carbon nanotubes industry is projected to grow from USD 1.27 Billion in 2024 to USD 4.02 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 15.50% during the forecast period (2024 - 2032). The carbon nanotubes market is said to exhibit the highest growth rate due to the rising deployment of nanotubes for facilitating technological advances in numerous fields, including engineering, electronics, and medicine. Furthermore, multi-walled carbon nanotubes are witnessing considerable demand around the world, which can be a great opportunity for key players in the near future. Such carbon nanotubes are being used extensively in anti-static plastic parts and battery additives. Moreover, the surging demand and use of storage and electronic devices could be another major opportunity for carbon nanotube manufacturers during the forecast period.

    Carbon Nanotubes Market Overview

    Carbon Nanotubes Market Trends Insights

    The new-age trend of utilizing the physical and thermal properties of carbon nanotubes is gaining traction from several industries globally.

    The carbon nanotubes have a diameter of a few...

    Market Segment Insights

    Smartphone Sensors Smartphone Type Insights

    The Smartphone Sensors market segmentation, based on smartphone type, includes standard smartphone, rugged smartphone, smartwatches, and other wearable. The standard smartphone segment dominated the market, accounting for the maximum market revenue. A smartphone is a mobile phone with a built-in computer and advanced features, such as web browsing and operating system, which are not associated with its counterpart. The rising mobile internet use, rising disposable income in developing countries, and high ownership of premium design smartphones are a few factors that are anticipated to grow smartphone sales. Smartphones are helped by a mobile operating system that offers advanced computing facilities. A smartphone can also work as a digital media player for uploading photos, videos, and music through a single interface.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035

    Smartphone Sensors Manufacturer Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Application Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Regional Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035

    Smartphone Sensors Price Insights

    The Smartphone Sensors market segmentation, based on price, includes USD 300 to USD 500, USD 100 to USD 300, above USD 500, and under USD 100. The USD 300 to USD 500 segment dominated the market revenue in the projected period. Most smartphones sold in medium-end devices have a sensor within this range. For instance: Nubia launched a new flagship Android device powered by the latest Snapdragon 8Gen 2CPU. The OEM has also specified that this gadget, which peculiarly seems to go by the name Z50 even though its processor was the z40 Pro, will compete with the Xiaomi 13 and iQOO11 series with cutting-edge LPDDR5X RAM and storage with the most recent UFS 4.0 spec.

    Get more detailed insights about Carbon Nanotube Market

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development to expand their product lines, which will help the Smartphone Sensors market, grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and growing market climate, the Smartphone Sensors industry must offer cost-effective items.

    Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Smartphone Sensors industry to benefit clients and increase the market sector. In recent years, the Smartphone Sensors industry has offered manufacturers some of the most significant advantages. Major players in the Smartphone Sensors market, including MS AG (Austria), Broadcom Inc. (US), DYNA IMAGE Corporation (China), Murata Electronics Oy (Finland), NEXT Biometrics Group ASA (Norway), Omron Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Sony Corporation (Japan)., and others, are attempting to increase market demand by investing in research and development operations.

    Samsung is dedicated to abiding by local laws and regulations and enforcing a strict code of conduct for all employees. Samsung adheres to a straightforward business tent: to usage its technology and expertise to develop top-notch goods and services that make a more cultured world. Samsung provides a high importance on its people and technologies to do this. For Instance: In January 2023, Samsung Electronics launched its new MICRO LED, Neo QLED, and Samsung OLED product lines, along with lifestyle products and accessories, before CES® 2023.

    Apple Inc. is a multinational American technology business with its main office in Cupertino, California. According to revenue, Apple will be the top technological business in the world in 2022, with US $ 394.3 billion in sales. According to market capitalization, Apple is the largest corporation in the world as of March 2023. For Instance: In September 2022, the iPhone 14 and iPhone 14 Plus, which come in two sizes, 6.1 and 6.7 inches and include a smart design, camera upgrades, and game-changing new safety measures, were introduced by Apple. The iPhone 14 and iPhone 14 Plus have a powerful camera system that incorporates the primary and front TrueDepth cameras, the Ultra Wide camera for uncommon perspectives, and the photonic engine, an enhanced picture pipeline.

    Key Companies in the Smartphone Sensors market include

    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)

    Industry Developments

    • September 2022: Comcast and Samsung Electronics announced their partnership to create 5G Radio Access Network (RAN) technologies to enhance 5G connection for Xfinity Mobile and Comcast Business Mobile users in Comcast service zones. Samsung will provide 5G RAN technology, and Comcast will deploy Citizens Broadband Radio Service (CBRS) and 600 MHz spectrum to provide 5G access to consumer and business users in the US.
    • October 2022: Huawei announced the release of the newest antenna solutions, including the Maxwell platform and the X2 antenna series, for the subsequent 5G antenna innovation stage. The new technologies speed up 5G deployment by improving antenna and setup capabilities.

    Market Segmentation

    Smartphone Type Outlook

    • Standard Smartphone
    • Rugged Smartphone
    • Smartwatches
    • Other Wearable

    Price Outlook

    • USD 300 to USD 500
    • USD 100 to USD 300
    • Above USD 500
    • Under USD 100

    Manufacturer Outlook

    • Apple Inc.
    • Samsung Electronics
    • Huawei Technology
    • Xiaomi Inc.
    • Oppo
    • Sony Corporation
    • HMD Global

    Application Outlook

    • High-Level
    • Mid-Level
    • Low-Level

    Manufacturer Outlook

    North America
    • US
    • Canada
    Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
    Asia-Pacific
    • China
    • Japan
    • India
    • Italy
    • Australia
    • South Korea
    • Rest of Asia-Pacific
    Rest of the World
    • Middle East
    • Africa
    • Latin America

    Report Scope

    Attribute/Metric Details
    Market Size 2023 USD 1.1 Billion
    Market Size 2024 USD 1.27 Billion
    Market Size 2032 USD 4.02 Billion
    Compound Annual Growth Rate (CAGR) 15.50% (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2018 & 2020
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered By Type, Method, End-Use Industry and Region
    Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
    Countries Covered The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Carbon Solutions Inc (US), kuhmo petrochemical (South Korea), Arry International Group Limited (China), Nanocyl SA (Belgium), LG Chemical Limited (South Korea), Cabot Corporation (US), Showa Denko K.K. (Japan), Jiangsu Cnano Technology Co., Ltd. (China), Chengdu Organic Chemicals Co. Ltd. (China), among others.
    Key Market Opportunities Increased interest of Government organizations around the world
    Key Market Dynamics
    Introduction and development of structural polymer composites which are light in weight.
    Highly conductive materials used as fillers in EMI shielding materials.

    Market Highlights

    Author

    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    FAQs

    What will be the possible market valuation of the carbon nanotubes market?

    The global carbon nanotubes market is predicted to touch USD 6,026.4 million by 2025.

    At what CAGR is the carbon nanotubes market expected to grow over the forecast period?

    The carbon nanotubes market is predicted to grow at a 20.36% CAGR between 2016-2025.

    Which region is predicted to dominate the carbon nanotubes market?

    The APAC region is predicted to dominate the carbon nanotubes market during the forecast period.

    What are various strategies adopted by the key players to increase their presence in the carbon nanotubes market?

    Key players have incorporated strategies such as expansion, mergers and acquisitions, product innovations, and joint ventures to increase their presence in the carbon nanotubes market.

    Which factors may restrict the carbon nanotubes market growth?

    Healthy and safety issues and environmental concerns may restrict the carbon nanotubes market growth.

    1. GLOBAL CARBON NANOTUBES (CNT) PRICE, 2020-2027, (USD/KG) 40</span>
    2. GLOBAL CARBON NANOTUBES (CNT) MARKET, BY TYPE, 2020&ndash;2027 (TONS) 42</span>
    3. GLOBAL CARBON NANOTUBES (CNT) MARKET FOR MULTI-WALLED CARBON NANOTUBE, BY REGION,
    4. GLOBAL CARBON NANOTUBES (CNT) MARKET FOR SINGLE-WALLED CARBON NANOTUBE, BY REGION,
    5. GLOBAL CARBON NANOTUBES (CNT), BY METHOD, 2020&ndash;2027 (USD THOUSAND) 47</span>
    6. GLOBAL CARBON NANOTUBES (CNT) MARKET, BY METHOD, 2020&ndash;2027 (TONS) 48</span>
    7. GLOBAL CARBON NANOTUBES (CNT) MARKET FOR CHEMICAL VAPOR DEPOSITION (CVD), BY
    8. GLOBAL CARBON NANOTUBES (CNT) MARKET, BY END-USE INDUSTRY, 2020&ndash;2027 (TONS)
    9. GLOBAL CARBON NANOTUBES (CNT) MARKET, BY END-USE INDUSTRY, 2020&ndash;2027 (USD
    10. NORTH AMERICA CARBON NANOTUBES (CNT) MARKET, BY TYPE, 2020&ndash;2027 (TONS)
    11. NORTH AMERICA CARBON NANOTUBES (CNT) MARKET, BY END-USE INDUSTRY, 2020&ndash;2027

    Carbon Nanotubes (CNTs) Market Segmentation

    Market Segmentation Overview

    • Detailed segmentation data will be available in the full report
    • Comprehensive analysis by multiple parameters
    • Regional and country-level breakdowns
    • Market size forecasts by segment
    Infographic

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