Hi, what are you looking for?
According to The Insight Partners’ research, the global multiwalled carbon nanotubes market is slated to be worth US$ 10,748.27 million by 2028, which was US$ 4,647.28 million in 2020. It is expected to grow at a CAGR of 10.85% during the forecast period.
The expanding applications of MWCNT and increasing demand for lightweight vehicles are the main drivers expanding the market growth.
Get Exclusive Access to Sample Pages of multiwalled carbon nanotubes market Size – COVID-19 Impact and Global Analysis with Strategic Insights at: https://www.theinsightpartners.com/sample/TIPRE00027438/
Leading players shaping the global multiwalled carbon nanotubes market are Eden Innovations Ltd; Arkema; SHOWA DENKO K.K; Hyperion Catalysis International Inc; Klean Industries Inc; Kumho Petrochemical Co., Ltd; LG Chem; Nanocyl SA; Ossila Ltd; and Raymor Industries Inc, among others.
The multiwalled carbon nanotubes have high electrical conductivity and are used in conductive nano inks, battery cathodes, enhanced structural composites, enhanced structural composites, conductive heating films, conductive transparent electrodes, nanodevices, displays, chemical sensors, super batteries, supercapacitors energy storage, solar power cells, and many other applications. Further, MWCNT can be spread on polymer materials to increase mechanical qualities, enhance mechanical qualities, and decrease weight without compromising performance. Additionally, using MWCNTs in automobile and aerospace applications is profitable as it saves fuel and reduces CO2 emissions. Hence, the expanding applications of MWCNT boost the market growth.
The increasing demand for lightweight vehicles is also bolstered the global MWCNT market growth. Lightweight material substitution is suggested for increasing fuel efficiency without drastically altering the vehicle’s size or components. Moreover, lightweight materials can enhance acceleration, ride, and handling while lowering noise. MWCNTs are gaining traction as a lighter substitute than copper. Nanotubes are usually used in automobiles for conductive shielding, reducing aluminum engine weight, improving grip, boosting tensile strength, and others; these benefits propel the market growth globally.
Inquire for Discount: https://www.theinsightpartners.com/discount/TIPRE00027438/
Impact of COVID-19 Pandemic on Multi-walled Carbon Nanotubes Market
The COVID-19 pandemic adversely affected the chemicals and materials industry due to the forced shutdown of manufacturing facilities, challenges in procuring raw materials and components, and restrictions on logistic operations. Disruptions in raw material supply to manufacturers amid the containment measures hampered multi-walled carbon nanotubes production in 2020. The shutdown of various end-use industries, such as electronics, automotive, and others, has led to a fall in demand, negatively impacting the multi-walled carbon nanotubes market. However, many businesses are resurging with relaxation in restrictions imposed by governments across the world.
On the contrary, the health hazards of MWCNT hamper the global multiwalled carbon nanotubes market.
According to application, the global multiwalled carbon nanotubes market is fragmented into electrically conductive polymers, structural composites, concrete additives, batteries, research & development, and others. Among these, the batteries segment held 47.5% in 2020 and is estimated to hold 50.6% share by 2028. The segment was assessed at US$ 2,206.77 million in 2020 and is projected to amass US$ 5,434.93 million by 2028 with a CAGR of 11.8% over the forecast period.
From the regional point of view, North America was the dominant region with a 30.3% market share and a market valued at US$ 1,407.43 million in 2020. It is further expected to dominate the market with a share of 32.4% and market value at US$ 3,484.59 million by 2028, registering a CAGR of 11.8% throughout 2021–2028.
Purchase a Copy of this report: https://www.theinsightpartners.com/buy/TIPRE00027438/
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
If you have any queries about this report or if you would like further information, please
Got a problem? Yes, you do. Fix it. Try “Life, Liberty, and the Pursuit of Happiness.” You could do worse.
Russia invaded Ukraine in the early hours of February 24, setting off the worst conflict in Europe in decades.
To stay ahead of cybercriminals, companies must address vulnerability exposure risks before hackers attack them.
The 54-year-old designer told AFP the diplomatic gesture was a "special, magical moment" for him after years spent working on the bike.
COPYRIGHT © 1998 - 2022 DIGITAL JOURNAL INC. Digital Journal is not responsible for the content of external sites. Read more about our external linking.