Carbon nanotubes are cylindrical-shaped molecules entail of rolled sheets of carbon called graphene and also well-known as buckytube. They are long and thin, nearly having a diameter of 1-3 nanometers and a hundred to thousand nanometers long. Carbon nanotubes are categorized as single-walled (SWNTs) and multi-walled carbon nanotubes (MWNTs) conferring to the number of graphic shells. Carbon nanotubes can be introduced by different approaches including filling, doping, functionalization, and chemical adjustment. Carbon nanotubes possess extraordinary electrical conductivity. They are used in several locations of technology such as optics, nanotechnology, electronics, composite materials owing to their exceptional thermal conductivity and tensile strength. Carbon nanotubes are utilized as structural polymer composites in the automotive and aerospace segment because of their mechanical properties like comprising flexibility and strength.
According to the report analysis, ‘Carbon Nanotubes Market By Type (Single, Multi Walled); By Method (Chemical Vapor Deposition, Catalytic Chemical Vapor Deposition, High Pressure Carbon Monoxide); By End User (Electronics & Semiconductors, Chemical, Batteries, Energy, Medical, Aerospace & Defense and Others); and Region – Global Analysis of Market Size, Share & Trends for 2019– 2020 and Forecasts to 2030’ states that global Carbon Nanotubes market is projected to observe growth during the future due to its expanded application in dissimilar industries such as aerospace and defense and the electrical industry. Their thermal, electrical, and physical belongings make them attractive for several industrial applications. Besides, growing government initiatives towards wind energy generation are projected to surge the requirement for carbon nanotubes during the coming years.
Moreover, carbon nanotubes usage is growing in the aerospace industry owing to their mechanical and electrical properties. They are used in the aerospace industry to improve the functional performance of the composite and to enhance the high-performance, lightweight, and multifunctional aircraft. As several risks are included in flying, aircraft manufacturers are strong-minded to produce the aerospace components tougher, stronger, and long-lasting.
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Modernization in nanotechnology-related to its manufacturing procedure and reinforcement with numerous materials is projected to bolster the carbon nanotubes market during coming years. Nanotubes are playing essential role in technological advancements in electronics, medicine, engineering, and several other applications. Nanotubes market has probable for high growth soon due to its decreased production time and cost.
While, introduction of carbon nanotubes leads to environmental pollution as several toxic chemicals are linked with it. Additionally, growing demand for alternative nanomaterials such as metal oxide owing to their low toxic nature is predicted to hamper the market.
Furthermore, Global Carbon Nanotubes market in Asia Pacific held the largest market share during the year 2019. The increasing aerospace and defense industry, automobile and electronics industry in this region is projected to surge the requirement for carbon nanotubes. Additionally, technological improvements and innovation in the manufacturing of carbon nanotubes are predicted to vigorous the global carbon nanotubes market. Therefore, in the near years, it is predicted that the market of carbon nanotubes will increase around the globe more effectively over the incoming years.
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Ankur Gupta, Head Marketing & Communications