Carbon Nanotube (CNT) Conductive Paste Market Size, Share, Growth, And Industry Analysis By Type (NMP Paste, Water Paste, Other) By Application (Digital Battery, Energy Storage Battery, Power Battery), Regional Forecast To 2031

Updated On: 15 April 2024

Carbon Nanotube (CNT) Conductive Paste Market Report Overview

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global carbon nanotube (cnt) conductive paste market size was USD 670 million in 2022 and market is projected to touch 6478.37 Million by 2031, exhibiting a CAGR of 28.7% during the forecast period.

A carbon tube with a diameter commonly measured in nanometers is known as a carbon nanotube (CNT). Single-wall carbon nanotubes (SWCNTs) and multi-wall carbon nanotubes are two categories of carbon nanotube (CNT) (MWCNTs). Round molecules known as carbon nanotubes are created by rolling up sheets of graphene, which is a single layer of carbon atoms. They can be multi-walled (MWCNT) and made up of more than 100 nanotubes connected together in a circle, or they can be single-walled (SWCNT) and have a diameter of less than 1 nanometer (nm). They can be as long as a millimetre or even several micrometres. The market segments for carbon nanotubes include type, end-user industry, and location. Multi-walled carbon nanotubes, single-walled carbon nanotubes, and other varieties are the categories into which the market is divided. The market is divided into many end-user industries, including electronics, aerospace and military, automotive, textiles, healthcare, energy, and others.

The increased demand for lightweight structural polymer composites and antistatic packaging from end customers in the automotive, electronics, energy, and industrial sectors is driving up the price of carbon nanotubes.

COVID-19 Impact: COVID-19 Posed Negative Impact On Market Growth

Several financial and industrial sectors, including travel and tourism, manufacturing, and aviation, have been significantly impacted economically by COVID-19. The largest economic slump, according to the World Bank and IMF, will take place between 2020 and 2021. the International Monetary Fund. A growing number of nations are enacting and expanding lockdowns, which has an impact on the global economy by reducing economic activity. Closing the aircraft, automobile, and electronics sectors had a negative effect on the worldwide market for carbon nanotubes since it reduced demand and growth for these materials globally and prohibited all forms of travel.

Latest Trends

"Market For Carbon Nanotubes Is Anticipated To Grow Most Quickly In The Medical Sector"

Over the forecast period of 2022–2031, the carbon nanotubes (CNT) market is anticipated to develop at the quickest rate in the medical sector. The use of carbon nanotubes in several medical processes, including the transdermal administration of drugs, the treatment of cancer, proteomics, and others (cardiac autonomic regulation, platelet activation, tissue regeneration & others). Medical research can develop through the application of CNTs in biological systems, particularly in the areas of diagnosis, biosensing, medication administration, and disease therapies. Such widespread CNT use is projected to fuel the market expansion of carbon nanotubes in the medical industry.

Carbon Nanotube (CNT) Conductive Paste Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into NMP Paste, Water Paste, Other. NMP Paste is anticipated to be the leading segment.

• By Application Analysis

Based on application, the market can be divided into Digital Battery, Energy Storage Battery, and Power Battery. Digital Battery will be the dominating segment.

Driving Factors

"Increasing Demand For Compact And Low-Carbon Cars"

Around 55 pounds of copper are found in a typical car, the majority of which is an electrical wire. The entire weight of a car may be greatly reduced by using less copper, which also reduces fuel usage and carbon emissions. Due to the growing need for lightweight automobiles with excellent fuel efficiency and minimal carbon emission, manufacturers are increasingly adopting carbon nanotubes (CNTs) as a lightweight alternative to copper wire. A launch vehicle's overall mass might be reduced by 30% by employing composites reinforced with carbon nanotubes, according to NASA's computer modelling studies. These elements have contributed to the expansion of the worldwide market for carbon nanotubes.

"Carbon Nanotubes Market Is Being Driven By Quickly Expanding Aerospace Sector"

The expansion of the aerospace sector is projected to speed up the market for carbon nanotubes on a worldwide scale. The majority of aircraft producers work to make aerospace components more rigid, durable, and resistant to flying dangers. In order to increase fuel economy and reduce aircraft operating costs, the aerospace industry places a strong emphasis on lightening component parts. Carbon nanotubes are used in the aerospace industry to create the fuselage of contemporary, high-tech aeroplanes in order to enhance the aircraft's characteristics and overall performance. The total number of passengers carried on scheduled services increased to 4.5 billion in 2019, which was 3.6% higher than the previous year, and the number of departures reached 38.3 million in 2019, representing a 1.7% increase, according to ICAO's preliminary compilation of annual global statistics. The global market for carbon nanotubes has increased as a direct result of the aerospace industry's ongoing expansion.

Restraining Factors

"Environmental Concern And Carbon Nanotube-Related Health And Safety Concerns"

Growing quantities of carbon nanotubes are being discharged into the environment and are being found in a number of products, including tennis rackets and solar cells. These nanotubes' potential effects on the environment are yet mostly unknown. Algal growth is negatively impacted by CNTs as well. Excessive levels of nanotubes create a layer that partially filters sunlight, encouraging algae to clump together because they lack light and room, which makes them release toxins into drinking water that may infect both humans and animals. Several regulatory bodies have developed rules regulating the production of CNTs as a result of the numerous detrimental impacts. Throughout the projected period, the aforementioned factors are anticipated to restrain market growth.

Carbon Nanotube (CNT) Conductive Paste Market Regional Insights

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"Asia-Pacific held the Largest Market Share In The Global Market For Carbon Nanotubes"

Asia Pacific supplied the largest amount of revenue to the worldwide market for carbon nanotubes, and this trend is anticipated to last throughout the projected period. It is anticipated that the expanding automotive, aerospace, and electronics sectors, notably in Japan, China, India, and Malaysia, would increase polymer consumption, which will increase demand for carbon nanotubes and other non-materials. The market for carbon nanotubes worldwide was dominated by Asia Pacific in 2021, and it is anticipated that this region would grow at the quickest CAGR during the projected period. According to regional insights, the worldwide market for carbon nanotubes is divided into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Among the segments, the Asia-Pacific region is anticipated to rule the worldwide carbon nanotubes market from 2022 to 2028. China and Japan recorded the greatest levels of consumption, and the Asia-Pacific region dominated the worldwide market. Statistics and growth rates for the consumer electronics sector are continually changing, with Asia's major markets driving the trend. China, India, and Malaysia are expected to continue to grow and expand their market share in the electronics sector in Asia during the next years.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Jiangsu Cnano Technology (China)
• Jiyue Nanomaterial (China)
• Qingdao Haoxin New ENERGY Technology (China)
• Cabot Corporation (U.S.)
• Wuxi Dongheng New Energy Technology (China)
• Timesnano (China)
• Shenzhen FAYMO Technology (China)
• Shenzhen Jinbaina Nanotechnology (China)
• Shenzhen Nanotech Port (China)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.