Industrial carbon nanotube market seen reaching $10.3B by 2030

Allied Market Research projects the global industrial carbon nanotubes market will rise from $2.3 billion in 2020 to $10.3 billion by 2030, driven by demand from end-use industries and advances in carbon nanotechnology. Asia-Pacific is expected to lead growth, while medical and pharmacy uses and single-walled carbon nanotubes show the fastest gains.

Why it matters: - The market forecast points to strong long-term demand for industrial carbon nanotubes in electronics, energy storage, composites and medical uses. - A projected 16.3% compound annual growth rate through 2030 signals a fast-expanding materials market with multiple investment targets. - The report flags both growth opportunities and constraints, including production scale-up challenges and high prices.

What happened: - Allied Market Research said the global industrial carbon nanotubes market was worth $2.3 billion in 2020 and is projected to reach $10.3 billion by 2030. - The report covers market size, investment pockets, winning strategies, drivers, opportunities, competition and market trends. - The study breaks the market down by type, technology, application and region. - A sample report is available here. - The full summary report is available here. - Purchase options are available here.

The details: - The market is segmented by type into single-walled carbon nanotubes and multi-walled carbon nanotubes. - The market is segmented by technology into arc discharge, laser ablation, CVD, catalytic CVD, high pressure carbon monoxide, CoMoCAT, floating catalyst and others. - The market is segmented by application into electronics and semiconductor, energy storage, structural composites, chemical materials, medical and pharmacy and others. - Key companies in the report include Cabot Corporation, CHASM Advanced Materials, CHEAPTUBES, Hyperion Catalysis International, Jiangsu Tiannai Technology, Kumho Petrochemical, LG Chem, Nano-C, Nanocyl, Arkema, Toray Industries, Nanostructured & Amorphous Materials, Nopo Nanotechnologies, OCSiAl, Ossila, Raymor Industries, Showa Denko, Klean Industries, Thomas Swan and Tokyo Chemical Industry. - Those companies are using partnerships, expansion, collaboration and joint ventures to strengthen their positions. - Demand from end-use industries and advances in carbon nanotechnology are the main growth drivers. - Production scale-up issues, high prices and rising demand for inorganic and boron nitride nanotubes are limiting growth. - Biomedical applications and commercial release of CNT transistors are expected to create additional opportunities.

Between the lines: - Asia-Pacific appears to be the most important growth region, combining the largest 2020 share with the fastest projected CAGR. - The forecast suggests the strongest upside may sit in higher-growth niches such as SWCNTs, catalytic CVD and medical and pharmacy applications. - The market mix also shows a split between mature volume products, led by MWCNTs, and faster-growing specialty segments.

What’s next: - Asia-Pacific is projected to grow at nearly 17.5% CAGR through 2030. - SWCNTs are projected to post 20.9% CAGR, the highest among the type segments. - The “others” technology category is projected to grow at 19.7% CAGR. - Medical and pharmacy applications are projected to grow at 18.9% CAGR. - CVD held more than one-fifth of market revenue in 2020 and is expected to keep its lead by 2030. - Catalytic CVD is projected to grow at 17.9% CAGR. - MWCNTs held nearly three-fourths of the market in 2020. - Asia-Pacific held nearly two-fifths of the global market in 2020 and is expected to remain the fastest-growing region. - The report also covers North America, Europe, the Middle East, Africa and South America.