Carbon Nanotubes Market is Estimated to Witness High Growth Owing to Increased Usage in Electronics Applications
Carbon nanotubes are nanomaterials formed by making a sheet of graphite into a cylindrical structure with graphene layers forming the walls of the cylinder. Carbon nanotubes possess extraordinary strength and electrical conductivity and act as exceptional transistors. They can be either single-walled or multi-walled with walls formed by one or more than one layer of graphene respectively. Carbon nanotubes find usage in a wide range of applications including electronics, batteries, sensors, conductive and structural composites among others. The unique properties of carbon nanotubes such as lightweight, high strength and high conductive make them ideal for usage in next generation electronics and devices. The global demand for consumer electronics has been growing consistently which provides significant opportunity for usage of carbon nanotubes in these devices and components resulting in substantial market growth.
The Global Carbon Nanotubes Market is estimated to be valued at US$ 1.27 Bn in 2024 and is expected to exhibit a CAGR of 17% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Carbon Nanotubes market are Unity Technologies,Epic Games,Chukong Technologies,Crytek,Valve,YoYo Games,The Game Creators,Marmalade Tech,Idea Fabrik,Leadwerks Software.
The Carbon Nanotubes Market Size provides ample opportunities for development and usage of nanotubes in next generation electronics and electrical devices. Wide scope of applications ranging from batteries to thermal interfaces, conductive adhesives, automotive components and others are driving extensive research activities for development of innovative carbon nanotube based products.
Constant advancements in carbon nanotube production technologies have enabled mass production of carbon nanotubes with controlled properties catering to diverse industrial needs. Miniaturization trend in electronics is generating greater demand for nanoscale materials like carbon nanotubes having exceptional electrical conductivity and small dimensions providing impetus to market growth.
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