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The global Single-Walled Carbon Nanotube market was valued at US$ 358.0 Mn in 2022. It is estimated to surge at a CAGR of 52.4% from 2022 to 2031 and reach US$ 24.1 Bn by the end of 2030
Global Single Wall Carbon Nanotube Market Overview:
Carbon nanotubes (CNTs) are allotropes of carbon. They come as cylindrical nanostructures of carbon molecules with unusual properties that are valuable in nanotechnology and other fields of materials science. Properties exhibited by carbon nanotubes include greater thermal conductivity, excellent electrical properties and excellent mechanical strength. Single-walled carbon nanotubes (SWCNTs) are long, hollow structures with walls formed from single-atom-thick sheets of carbon. The sheet is rolled at specific individual angles, and the combination of the rolling angle and tube radius determines the properties of the nanotubes. Applications for SWCNTs can be found in a variety of industries, including aerospace and defense, electrical and electronics, energy, sports, and chemicals. They are used as additives in various structural materials to improve the properties of materials. Besides this, SWCNTs are used as additives in polymers and as catalysts in many commercial chemical reactions. Uses of SWCNTs in the electrical and electronics industry can be seen in electromagnetic wave absorption and shielding, energy conversion, and lithium battery anodes. Other industries where SWCNTS are applied include healthcare, and the use of SWCNTs for drug delivery at specific points in the body is increasing.
SWCNTs are very advantageous because their properties can be changed according to the needs of a particular application. The band gap of SWCNTs can vary from 0-2 eV, indicating either metallic or semiconducting behavior, allowing them to be used to their full potential in the growing electrical and electronics industries. The price of SWCNTs has declined rapidly since 2010 due to increased production and is expected to decline over the forecast period to benefit major end-use industries. This in turn is expected to drive the growth of the global SWCNT market. The global aerospace and defense industry is growing at a higher CAGR owing to growing demand for commercial and fighter jets worldwide, which is expected to propel the demand for SWCNTs.
Single Wall Carbon Nanotube market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Single Wall Carbon Nanotube market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.
Major Market Segments Covered in Single Wall Carbon Nanotube Market Research:
Market Key Players:
OCSiAl, Zeon Nanotechnology Co., Ltd., Thomas Swan & Co., Ltd., Meijo Nanocarbon Co. Ltd., Nano-C, SES Research, Carbon Solutions Inc., Raymor Industries Inc., Nemo Nanomaterials
By Type:
By Application:
By Region:
Asia Pacific is the largest and fastest growing region for the global SWCNT market. This region accounts for ~40% of the total SWCNT market. India, Japan and China are the major markets in the region due to the presence of many major players and end-use industries such as Electrical & Electronics and Automotive. North America is the second largest region for the global SWCNT market. Germany, UK, France and Italy are major markets in the region. This is attributed to the growing aerospace and defense industry along with the region's green energy sector.
After North America, Europe is an important region in terms of market size for the global SWCNT market. The United States holds a major share of the regional SWCNT market. The automotive industry and electrical and electronics sectors in the region consume significant amounts of SWCNTs, which is expected to develop the regional market. Latin America is projected to grow at a much higher CAGR in the coming years due to increasing industrialization and calming economic conditions in the region. Lastly, Middle East & Africa are emerging as key regions for the global SWCNT market during the forecast period due to increasing construction activities to cater for the thriving tourism industry in the region to go hand in hand.
Single Wall Carbon Nanotube Market Report Scope:
Report Attributes |
Details |
Growth Rate |
CAGR of 52.4% from 2022 to 2030. |
By Type |
Chemical Vapor Deposition (CVD), Electric Arc, High Pressure Carbon Monoxide (HiPCo), Others |
By Application |
Electronics & Semiconductor, Energy, Biomedical, Aerospace & Defense, Automotive, Chemical, Others |
By Companies |
OCSiAl, Zeon Nanotechnology Co., Ltd., Thomas Swan & Co., Ltd., Meijo Nanocarbon Co. Ltd., Nano-C, SES Research, Carbon Solutions Inc., Raymor Industries Inc., Nemo Nanomaterials |
Regions and Countries Covered |
|
Base Year |
2022 |
Historical Year |
2017 to 2022 |
Forecast Year |
2023 to 2030 |
Crucial Points from this Single Wall Carbon Nanotube Market Report
Frequently Asked Questions-
What is the CAGR of Single Wall Carbon Nanotube market?
The Single Wall Carbon Nanotube Market is growing at a CAGR of 52.4% During Forecast Period.
What are the key types of Single Wall Carbon Nanotube market?
Chemical Vapor Deposition (CVD), Electric Arc, High Pressure Carbon Monoxide (HiPCo), Others
What are the key applications of Single Wall Carbon Nanotube market?
Electronics & Semiconductor, Energy, Biomedical, Aerospace & Defense, Automotive, Chemical, Others
Who are the key players in Single Wall Carbon Nanotube market?
OCSiAl, Zeon Nanotechnology Co., Ltd., Thomas Swan & Co., Ltd., Meijo Nanocarbon Co. Ltd., Nano-C, SES Research, Carbon Solutions Inc., Raymor Industries Inc., Nemo Nanomaterials