Single-Walled Carbon Nanotube (SWNT) finds diversified applications in aerospace & defence, electrical & electronics, energy, and healthcare.  Demonstrating greater thermal conductivity, extraordinary electrical properties and good mechanical strength, SWNTs valuably contribute in the nanotechnology and other fields of material science. These factors empower SWNT to perceive wide uptake and hence an extensive demand worldwide. And this defines the ever increasing market size of SWNT globally.

Recently, Market Research Future published a study report which indicates that the thriving global Single-Walled Carbon Nanotubes Market will further grow enormously by 2023 registering a phenomenal CAGR during 2022 to 2030.

Major Players: 

Players leading the global SWCNT market include SHOWA DENKO KK (Japan), Nanocyl SA (Belgium), Arry International Group Limited (China), Carbon Solutions, Inc. (U.S.), Hanwha Chemical Corporation (South Korea), Thomas Swan & Co. Ltd. (U.K.), NanoLab, Inc. (U.S.), OCSiAI (Luxembourg), Nanoshel LLC (U.S.), and Kumho Petrochemical (South Korea), among others.  

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Also, increasing applications of SWCNT materials as an additive and catalyst in the polymers production and other commercial chemical reactions foster the market growth exponentially. Moreover, the rising usages of SWCNT for the absorption and shielding of electromagnetic waves, energy conversion, and lithium-battery anodes in electrical & electronics production push the growth of the market. According to Market Research Future (MRFR), the global single-walled carbon nanotube market is projected to grow further at a healthy CAGR during the forecast period (2022-2030).

The healthcare sector is another key end-use industry for single-walled carbon nanotubes, where SWCN is extensively used in drug delivery systems. Also, the COVID-19 impact and the rising uses of chemical weapons worldwide provide a huge impetus to the market growth, suggesting the uptake of breathable second skin materials for first responders, medical personnel, and soldiers.

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 Breathable second skin materials help provide smart protection against the plethora of chemical and biological threats faced by first responders during routine & emergency operations. Moreover, the rising integration of SWCN sensors into wearable devices for point-of-care health monitoring of different health parameters, such as temperature and pulse rate, impacts the market growth positively.

MRFR has segmented the analysis into three dynamics;

By Method: Arc Discharge, Chemical Vapor Deposition, Laser Ablation, High- Pressure Carbon Monoxide, and others.

By End Use Industries: Aerospace & Defense, Electrical & Electronics, Automotive, Energy, Sports, and others.

By Regions : Americas, Europe, Asia Pacific, and the Rest-of-the-World.

On the other hand, the imbalance in the cost of structures and complexities in manufacturing & processing methods are the key factors anticipated to hamper the growth of the market. Also, methods such as arch discharge and laser ablation, which are harmful to the environment, obstruct the large scale production of SWCNTs. Nevertheless, the massive demand for S.W. carbon nanotubes due to the increased production of solar cells and other fuel cells used in energy conservation would support market growth during the forecast period.

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Global SWCNT Market – Regional Analysis

Asia Pacific region dominates the global single-walled carbon nanotube market. The largest market share attributes to the presence of many major players and the rapidly growing electrical & electronics, and automotive industry in the region. Besides, innovations in the electronics and electrical production propel the growth of the SWCN market in the region. The APAC single-walled carbon nanotube market had accounted for ~40% share, which is estimated to appreciate further during the forecast period 2017-2023. 

North America stands second in the global single-walled carbon nanotube market, following the APAC SWCN market closely. The market is dominantly driven by the growing aerospace & defense and green energy sector in this region. Besides, the increasing consumption of S.W. carbon nanotubes in healthcare and renewable energy industries foster regional market growth.  The U.S. holds major shares in the regional SWCNT market.  The North American single-walled carbon nanotube market is expected to show high demand during the forecast period (2017-2023).

The single-walled carbon nanotube market in the European region is emerging as a promising market rapidly. The well-established automotive and electrical and electronics industries in this region consume a considerable amount of SWCNT. Besides, the growth in microelectronics and renewable energy production in the region drives the growth of the market. The European SWCN market is expected to demonstrate high growth prospects during the forecast period, witnessing huge demand across end-use industries.

Industry/Innovation/Related News

May 13, 2020 ---- A team of researchers from Università Cattolica Del Sacro Cuore (Italy), National Research University of Electronic Technology (Russia), and Skolkovo Institute of Science and Technology (Russia), announced the development of a method for fast, on-site and accurate breath analysis. The method is based on an electronic nose platform that uses a set of single-walled carbon nanotube (SWCNTs) sensors deposited on flexible substrates and modified by different semiconducting organic molecules and does not need special preparation of breath samples. 

The researchers suggested that increasingly recognized properties of the SWCNT sensors for additional fictionalization increase the sensors' specificity to different gases, making sub-ppm analysis possible. According to the research team, their study would pave the way for human breathing patterns of lung disease needed for Covid-19 Analysis. 

Global SWCNT Market – Competitive Landscape

Highly competitive, the single-walled carbon nanotube market appears to be fragmented due to the presence of large companies. The entry of several new companies poses a stiff competition even to a player having a great geographical presence. To gain a larger competitive share, matured players incorporate strategic initiatives such as mergers & acquisitions, collaboration, expansion, and technology/product launch. Emphasizing on new product development and geographical expansion initiatives; industry leaders make substantial investments. These key players strive to develop high-quality SWCNs that can support a wide range of diverse applications. 

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