Carbon Nanotubes Market is growing at a CAGR of 10.7% | Nanocyl SA, OCSiAl, Toray Industries, Inc.

The global carbon nanotubes market was valued at $2.6 billion in 2019, and is projected to reach $5.8 billion by 2027, growing at a CAGR of 10.7% from 2020 to 2027.

Carbon nanotubes (CNTs) are advanced carbon materials exhibiting different physio-chemical properties than other carbon materials. CNT is an allotrope of carbon with a cylindrical nanostructure. It exhibits remarkable characteristics, such as electrical, optical, and thermal conductivity; tensile strength; and chemical reactivity, which increase its applicability in aerospace & defense, automotive, construction, electricals & electronics, life science & healthcare, personal care, and other industries. These properties and applications of CNTs depend on the type and quality of materials used for manufacturing them.