Carbon Nanotubes Market Is Set For Lucrative Growth To 2030
Carbon Nanotubes Industry The global carbon nanotubes market size is estimated to reach USD 7.13 billion by 2030, expanding at a CAGR of 14.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing the application scope of carbon nanotubes (CNT) in end-use industries including polymers, electronics, energy, marine, aerospace, and automotive is anticipated to drive market growth over the forecast period. The government of China, Japan, the U.S., and India have increased funding aimed at promoting nanotechnology at the domestic level which is expected to open new avenues for the market over the next seven years. Polymers were the largest application segment, accounting for over 60% of the global market volume in 2014. CNT are increasingly being fortified in polymers such as composites and plastic derivatives for improving the electrical, thermal, and mechanical strength of the end product. The growing application of polymers in th...