Single Walled Carbon Nanotubes Market Size, Industry Applications and 2023 Forecasts

Single-Walled Carbon Nanotube (SWCNT) Market by Method (Arc Discharge, Laser Ablation, Chemical Vapor Deposition, High Pressure Carbon Monoxide), by End Use Industries (Aerospace & Defense, Electrical & Electronics, Automotive, Energy, Sports, and others), and by Region- Forecast till 2023

Key Players and Competitive Analysis

Key players in the global SWCNT market are Nanocyl SA (Belgium), SHOWA DENKO K.K. (Japan), Arry International Group Limited (China), Hanwha Chemical Corporation (South Korea), Carbon Solutions, Inc. (U.S.), Thomas Swan & Co. Ltd. (U.K.), OCSiAI (Luxembourg), NanoLab, Inc. (U.S.), Nanoshel LLC (U.S.), KUMHO PETROCHEMICAL. (South Korea), and others.

The study was conducted using objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to SWOT analysis of key vendors.

Single-Walled Carbon Nanotube Market To Demonstrate Immense Growth Potential By 2023 - As Foreseen By MRFR

Industry/ Innovations/ Related News

January 31, 2018 – South Korean researchers presented their study of a new class of wearable power sources they developed using multi-walled Carbon Nanotube Inspired by the designs printed on T-shirts. Now printing of super-capacitors directly on any cotton fabric e.g. T shirts is possible using the UV curing-assisted stencil printing. These super-capacitors, are monolithically integrated with the T-shirts look like typical letters or symbols commonly printed on T-shirts. These the super-capacitor printed T-shirts maintain their shape and dimensions without impairing the electrochemical activity upon exposure to the laundering, wringing, ironing, and folding often encountered in daily clothing.

Market Overview

Single-walled carbon nanotubes (SWCNTs) the cylinders of nanometer diameter, which consists a single graphene sheet wrapped up to form a tube structure. These tubes can either metals or semiconductors. The electrical properties exhibited by SWCNTs can rival or even exceed the best metals or semiconductor. This is expected to replace and increase the use of SWCNTs in number of electrical & electronics applications. The properties of SWCNT can be varied by changing the angles of rolling or folding the sheets. This helps SWCNT to meet the needs of diverse applications in the industries including aerospace & defense, electrical & electronics, chemicals, sports, and energy among the others. The prices of SWCNT are steadily declining since 2010 due to its increasing production, which is expected to drive growth of the global SWCNT market during the forecast period. The global aerospace and defense industry around the world is witnessing growth on account of increasing investments by both developing and developed countries. This, in turn, is projected to fuel the demand of SWCNT.

Market Segmentation

The global SWCNT market is segmented on the basis method, end use industry, and region. On the basis of method the market is divided into arc discharge, laser ablation, chemical vapor deposition (CVD), high pressure carbon monoxide disproportionation (HiPCO). The high pressure carbon monoxide disproportionation method is the only continuous method or process among them while the remaining three are the batch processes. The CVD method among them is the most popular as it yields high quality and has good control over diameter and length of the tube structure. CVD segment in the global SWCNT market is estimated highest CAGR during the forecast period. This is attributed to the low cost, ability of this method to form larger structures, and less complexity of this method. HiPCO is a substantial method in manufacturing of SWCNT. It is a continuous process which makes manufacturing of SWCNT more economical and commercially viable. Arc discharge and laser ablation are the viable methods when it comes to manufactures SWCNT at smaller or laboratory scale. Both, arc discharge and laser ablation methods are harmful to the natural environment and human body, which restricts its use for industrial or commercial production of SWCNT.

Based on end use industries the global SWCNT market is segmented into aerospace & defense, electrical & electronics, automotive, energy, sports, and others. Among them, aerospace & defense industry is fetching major share of overall demand of SWCNT. SWCNT composites have a good tensile strength and flexibility along with the good metallic characteristics. This is replacing the use of metal alloys and other composites in manufacturing body and other parts of aircraft and spacecraft. Global electrical & electronic market is also growing higher at rate.

There is increasing penetration of green energy electricity into untapped remote areas, which is expected to fuel the demand of SWCNT in energy conservation and storage applications. Automotive industry is steadily growing with an increasing demand of vehicles around the world. The embedded system of electronics in automotive is constantly penetrating further due to an advent of hybrid vehicles. This, in turn is projected to propel the growth of the global SWCNT market. The global sports goods industry is growing at significant CAGR to further propel the growth of the global SWCNT market.

Worldwide Single-Walled Carbon Nanotube Market Regional Analysis

Asia Pacific is both the largest and fastest growing region in the global SWCNT market accounting for ~40% of market share.

North America is the second largest region in the global SWCNT market. US is holding major share of the regional SWCNT market.

Europe is the significant region in terms market size, in the global SWCNT market. Countries namely Germany, U.K., France and Italy are the major markets in this region. This is attributed to the growing aerospace & defense industry along with green energy sector in this region.

Middle East & Africa is an emerging market owing to increasing construction activities to cater flourishing tourism industry in the region to join hands with the leading regions in the global SWCNT market during the forecast period.

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