Product Code: 49752
The nanotubes market is expected to register a CAGR of over 14%, during the forecast period. The major factors driving the growth of the market studied are an advancement in nanotubes technologies and the growing adoption of carbon nanotubes. On the flipside, high manufacturing and R&D costs serve as one of the major stumbling blocks in the growth of the market studied.
- The carbon nanotubes segment dominated the market. It is likely to grow during the forecast period, owing to its crucial role in technological advancements in the fields of medicine, electronics, engineering, and various other applications.
- Rising potential uses in electronic and storage devices are likely to provide opportunities for the market studied, during the forecast period.
- Asia-Pacific dominated the global market, as the demand for nanotubes is majorly driven by the increasing application and demand from industries, such as electronics, energy, aerospace, and defense.
Key Market Trends
Electronics Segment to Dominate the Market Demand
- Nanotubes find extensive application in the electronics industry, for the development of faster, more efficient, and more durable electronic devices.
- Among all the types of nanotubes, carbon nanotubes lead the market demand, due to their applications in the electronics industry. Apart from carbon nanotubes, silicon nanotubes and inorganic nanotubes are also used in the electronics industry.
- Carbon nanotubes find application in displays, large area surface conduction, color field emission displays, sensors, backlights for displays, traveling wave tubes, transistors, photovoltaics, conductive additives for non-display applications, photonics, radio-frequency identification (RFID) tags, neutron, and gamma-ray sources, and lighting devices.
- Silicon nanotubes contain hydrogen molecules and act like metal fuel. Thus, they are widely used for semiconductor applications in the electronics industry.
- Inorganic nanotubes are also used in the electronics industry, for application in semiconductor devices, sensors, biosensors, nano-motors, and flat panel displays.
- Hence, owing to the diversified application of nanotubes in several electronic components, the demand for nanotubes is expected to increase.
- Furthermore, according to ZEVI, by 2020, the electrical and electronics industry is expected to reach around EUR 4.7 trillion, globally. Regions such as Asia-Pacific, North America, etc. are likely to witness positive growth.
- Asia-Pacific has been witnessing numerous investments in the electronics industry, as well as growth in electronics production, especially in countries, such as China, India, South Korea, and Japan.
- This growth is expected to increase the demand for nanotubes for electronic applications in the region, during the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region dominated the global market share, due to the increasing demand from industries, such as electronics, energy, healthcare, aerospace and defense, and automotive.
- Japan is the largest consumer of nanotubes, followed by China and South Korea.
- Japan is one of the largest producers of electronics, aircrafts, and energy equipment. The country is focused on manufacturing F-35A next-generation fighter jet and other military aircraft, thus strengthening the foundation of the aerospace manufacturing. The production of commercial aircraft has been increasing from the last couple of years, owing to the increasing cargo demand.
- China is one of the leading producers of electronics and automotive, globally. Owing to the growing electronics production and increasing application of semiconductors, the government has set a goal for the semiconductor industry, reaching USD 305 billion in output by 2030.
- Besides, South Korea is one of the major exporters of electronics and automotive. Thus, with rising domestic, as well as foreign demand for electronic products and vehicles, the market players have been increasing their industrial output in the country.
- Hence, the aforementioned trends are expected to drive the demand for nanotubes in the region, during the forecast period.
The nanotubes market is fragmented in nature, with numerous players holding insignificant market share, to individually affect the market dynamics. Some of the major players in the market include Arkema SA, Showa Denko KK, Nanocyl, CNano Technology Ltd, and Hyperion Catalysis, among others.
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
TABLE OF CONTENTS
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
- 4.1 Drivers
- 4.1.1 Advancement in Nanotubes Technologies
- 4.1.2 Growing Adoption of Carbon Nanotubes
- 4.2 Restraints
- 4.2.1 High Manufacturing and R&D Cost
- 4.3 Industry Value Chain Analysis
- 4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5 MARKET SEGMENTATION
- 5.1 Type
- 5.1.1 Carbon Nanotubes
- 220.127.116.11 Multi-walled Carbon Nanotubes
- 18.104.22.168.1 Spiral
- 22.214.171.124.2 Concentric
- 126.96.36.199 Single-walled Carbon Nanotubes
- 188.8.131.52.1 Zig-zag
- 184.108.40.206.2 Armchair
- 220.127.116.11.3 Chiral
- 18.104.22.168 Fullerite
- 22.214.171.124 Torus
- 5.1.2 Silicon Nanotubes
- 5.1.3 Inorganic Nanotubes
- 5.1.4 Membrane Nanotubes
- 5.1.5 Other Types
- 5.2 Structure Type
- 5.2.1 Non-polymer Organic Nanomaterials
- 5.2.2 Polymeric Nanomaterials
- 5.3 Application
- 5.3.1 Hydrogen Storage Devices
- 5.3.2 Sensors
- 5.3.3 Polymeric Biomaterials
- 5.3.4 Li-ion Batteries
- 5.3.5 Luminescent Display Devices
- 5.3.6 Biosensors
- 5.3.7 Nanoelectrodes
- 5.3.8 Water Purification Filters
- 5.3.9 Semiconductor Devices
- 5.3.10 Conductive Plastics
- 5.4 End-user Industry
- 5.4.1 Healthcare
- 5.4.2 Electronics
- 5.4.3 Energy
- 5.4.4 Automotive
- 5.4.5 Aerospace and Defense
- 5.4.6 Textile
- 5.4.7 Other End-user Industries
- 5.5 Geography
- 5.5.1 Asia-Pacific
- 126.96.36.199 China
- 188.8.131.52 India
- 184.108.40.206 Japan
- 220.127.116.11 South Korea
- 18.104.22.168 Rest of Asia-Pacific
- 5.5.2 North America
- 22.214.171.124 United States
- 126.96.36.199 Canada
- 188.8.131.52 Mexico
- 5.5.3 Europe
- 184.108.40.206 Germany
- 220.127.116.11 United Kingdom
- 18.104.22.168 France
- 22.214.171.124 Italy
- 126.96.36.199 Rest of Europe
- 5.5.4 South America
- 188.8.131.52 Brazil
- 184.108.40.206 Argentina
- 220.127.116.11 Rest of South America
- 5.5.5 Middle-East and Africa
- 18.104.22.168 Saudi Arabia
- 22.214.171.124 South Africa
- 126.96.36.199 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share Analysis**
- 6.3 Strategies Adopted by Leading Players
- 6.4 Company Profiles
- 6.4.1 Arkema SA
- 6.4.2 Arry International Group Limited
- 6.4.3 Carbon Solutions Inc.
- 6.4.4 Hanwha Chemical Corporation
- 6.4.5 Cheap Tubes
- 6.4.6 Hyperion Catalysis International
- 6.4.7 Nano-C
- 6.4.8 Nanocyl SA
- 6.4.9 NanoIntegris Inc.
- 6.4.10 Nanoshel LLC
- 6.4.11 OCSiAl
- 6.4.12 Thomas Swan & Co. Ltd
- 6.4.13 CNano Technology Limited
- 6.4.14 Showa Denko KK
- 6.4.15 CHASM Advanced Materials Inc.
- 6.4.16 Shenzhen Sanshun Nano New Materials Co. Ltd
- 6.4.17 Korea Nanomaterials
- 6.4.18 Zeon Corporation
- 6.4.19 Toray Industries Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Rising Potential Uses in Electronic and Storage Devices