According to the research report titled ‘Global Carbon Nanotubes Market 2019-2028’, available with Market Study Report, Global carbon nanotubes market is anticipated to record a compound annual growth rate of 15.31% over 2019-2028.
 

Report findings suggest that worldwide carbon nanotubes market growth is driven by growing applications of multi-walled carbon nanotubes (MWCNT), and extensive utilization of composites and advanced epoxy adhesive systems in aerospace sector. Moreover, adoption of nanotubes and buckyballs made of polymer for production of solar cells will generate significant revenues for the market.  
 

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However, carbon nanotubes are hazardous in nature, mandating strict policies & regulations for usage, which along with high cost of manufacturing, and lack of processing knowledge barricade the worldwide carbon nanotube market expansion.
 

Based on product terrain, the marketplace is divided into single-walled carbon nanotubes, multi-walled carbon nanotubes, and others. While the application range include Li-ion battery electrodes, fire retardant plastics, structural polymer composites, metal matrix composites, conductive adhesives, and conductive polymer composites among others.
 

Moving on to end-user verticals, global carbon nanotubes industry space is classified into energy, healthcare, textiles, automotive, aerospace & defense, electronics, and others.
 

From a regional frame of reference, Asia Pacific is poised to lead the overall carbon nanotubes industry forecast over 2019-2028, with key contribution from India. Flourishing electronics sector, advantageous government policies like 100% Foreign Direct Investment, and incorporation of technologies to transform operations from manual to automatic are favoring the market scenario.
 

Notably, carbon nanotubes improve thermal and electrical conductivity of components, and provide longer lifespan and durability to electronics. Hence, supportive initiatives like Modified Special Incentive Package Scheme (M-SIPS) and Electronics Development Fund (EDF) to encourage electronics vertical are generating lucrative avenues for APAC market.
 

Major companies in worldwide carbon nanotubes marketplace include Arkema S.A., Carbon Solutions Inc, Kumho Petrochemical Co. Ltd., Cheap Tubes Inc., OCSiAl Group, CHASM Advanced Materials, Chengdu Organic Chemicals Co. Ltd., Hyperion Catalysis International Inc., Thomas Swan & Company Ltd., Hanwha Corporation, Toray Industries Inc., Nano-C Inc., Jiangsu Cnano Technology Co. Ltd., Meijo Nano Carbon Co. Ltd., Nanocyl SA, Nanoshel LLC, Raymor Industries Inc., Showa Denko K.K., NanoLab Inc., and Zeon Corporation.