LG Chemical Limited (South Korea) and Cabot Corporation (US) are Leading Players in Carbon Nanotubes (CNT) Market
The carbon nanotube (CNT) market exhibits high growth potential and is projected to reach a market size of USD 2.3 billion by 2028 from USD 1.1 billion in 2023, at a CAGR of 14.6%. Asia Pacific is the largest carbon nanotube (CNT) market that is projected to register the highest CAGR during the forecasted period. This high growth is due to the growing demand from the automotive, electronics & semiconductors end-use industry.
The key players following the strategies between 2019 to 2022, LG Chemicals Limited (South Korea), Cabot Corporation (US), Resonac Corporation (Showa Denko K.K.) (Japan), Jiangsu Cnani Technology (China), Timesnano (Chengdu Organic Chemicals Co. Ltd.) (China), Nanocyl SA (Belgium), Arkema SA (France), Sumitomo Corporation (Japan), Cheap Tubes, Inc. (US), Hanwha Corporation (South Korea). The companies are majorly following investment & expansion as the strategy to grow and expand the market.
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Globally, LG Chemical Limited is a top producer of IT electronics materials, petrochemicals, and energy solution materials. The business caters to the semiconductor and circuit board material sectors while producing CNTs under the advanced material segment. Additionally, it uses its numerous marketing subsidiaries in Asia, Americas, and Europe as well as established R&D networks to serve its clients globally with distinctive goods.
Cabot corporation is specialized in chemicals and performance. The company is headquartered in Boston, Massachusetts, US. The company’s businesses offer a wide range of products and solutions to their customers worldwide, serving key industries such as infrastructure, transportation, environment, and consumer. The company operates through four business segments, namely reinforcement materials, purification solutions, performance chemicals, and others. Its international network consists of 37 manufacturing facilities in 20 different nations.
Related Reports:
Carbon Nanotubes Market by Type (Single Walled & Multi Walled), End Use Industry (Electronics & Semiconductors, Chemical Materials & Polymers, Structural Composites, Energy & Storage, Medical), Method, and Region - Global Forecast to 2028
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