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.
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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.
Regional Analysis
The global SWCNT market is divided into five key regions including Asia Pacific, Europe, North America, Middle East & Africa, and Latin America. Asia pacific accounts for 40% share of the global SWCNT market owing the growth of demand from growing electrical & electronics and automotive industry in this region. India, China, and Japan are leading the regional market due to the presence of major end use industries. North America ranks second in terms of the market size in the global SWCNT market. U.S. is the major shareholder of this regional SWCNT market due to the increasing demand of SWCNT by aerospace & defense industry along with growing sports goods industry. Europe is also significant region in the global SWCNT market, wherein Germany, U.K, France, and Italy are the major markets. This is attributed to the established automotive industry in this region which is the major consumer of SWCNT. Latin America is anticipated to gain momentum to join hand with leading regions in the global SWCNT market. Lastly, The Middle East & Africa is projected to grow at considerable CAGR owing to the increasing construction activities and rapidly growing sports industry during the forecast period.
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.
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