Carbon Nanotubes Market Growth Forecast up to 2024 By Product Single-Walled Carbon Nanotubes, Multi-Walled Carbon Nanotubes

Global Market Insights, Inc. adds a new Carbon Nanotubes Market research report for the period of 2018-2024 focuses on the major drivers and restraints for the global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.

Multi-walled carbon nanotubes held the highest share in global nanotubes market by the end of 2017 with a market share exceeding 75%. This segment is likely to observe a similar trend by 2024, for their unique performance characteristics. For instance, the atomic bonds of multi-walled carbon nanotubes are highly strong which allow them to withstand extreme temperatures. Multi-walled CNT have been good thermal conductors properties; also, compared to copper wires these multi-walled carbon nanotubes can transmit around 15 times the amount of watt.

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While carbon nanotubes market has gained immense traction from a range of end-use sectors from semiconductors to polymers, one domain that has emerged as a lucrative area of research & investment is the defense sector. Recently for instance, a team from the University of Cincinnati in partnership with the Wright-Patterson Air Force base has unveiled that they are working on properties of carbon nanotubes to develop applications useful for the military & defense sector.

Reports reveal that the researchers have used chemical vapor deposition to grow the carbon nanotubes on silicon wafers. The team was also successful in spinning threads from the carbon sheet that could be woven into textiles. This breakthrough, according to reports, could significantly provide the soldiers with battery-power in textile.

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In yet another vital instance, the U.S. military’s Defense Advanced Research Project Agency has recently granted a total of USD 75 million in a program that aims to revive the electronics & chip industry with research in new materials & designs such as carbon nanotubes.

Researchers are reportedly fashioning the 3D chips with carbon nanotubes transistors that switch the on & off mode faster and more efficiently than the silicon transistors, in turn supporting wireless communication. Given the cooperative efforts undertaken by universities and industry leaders, the global carbon nanotubes market is set to gain much of its remuneration from these technological advancements.

As progress is made toward enabling the use of carbon nanotubes in defense sector, two other applications that have already established their names in this industry also deserves a mention. The first is the widespread interest of carbon nanotubes in the electronic & electrical industry.

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The recent escalation of electronic products, computer, TVs, and mobile phones have increasingly augmented the global carbon nanotubes industry players to invest in this sector. For instance, Cnano Technology Limited, a world-leader in manufacturing & commercialization of high-performance MWCNT (multi-wall carbon nanotubes) products for the energy and structural & electronics industries collected USD 15 million in funding in 2015.

The company reported that the funds will be used to expand its high-quality carbon nanotubes manufacturing operations in Zhenjiang, Jiangsu province of China and cater to the robust regional demand for its products.

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