HOME Research Insight New Product Launches, Investments & Expansions, and Partnership/Joint Venture/Contracts & Agreements are the Major Strategies Adopted by Key Players in the Carbon Nanotubes Market.



New Product Launches, Investments & Expansions, and Partnership/Joint Venture/Contracts & Agreements are the Major Strategies Adopted by Key Players in the Carbon Nanotubes Market.


The carbon nanotubes market size is estimated to grow from USD 4.55 billion in 2018 to USD 9.84 billion by 2023, at a CAGR of 16.70%. Carbon nanotubes offer exceptional material properties such as electrical and thermal conductivity, strength, stiffness, and toughness, very close to their theoretical limits. These properties make them the preferred material for several applications, such as electronics & semiconductor, medical, aerospace & defense, automotive, energy, and construction.

New product launches, investments & expansions, and partnership/joint venture/contracts & agreements are the major strategies adopted by key players in the carbon nanotubes market. This strategy has helped the companies enhance their product portfolios and expand their global presence. The key companies are entering new markets by launching technologically advanced and pure carbon nanotubes for varied end-use industries. The strategy of partnership/Joint Venture/contracts & agreements helped the companies to strengthen their positions in the carbon nanotubes market. It accounted for a share of 50% of all the strategic developments that took place in the carbon nanotubes market between 2015 and 2018.

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Some of the leading manufacturers of carbon nanotubes include Arkema S.A. (France), Arry International Group LTD. (China), Carbon Solutions Inc. (US), Cheap Tubes Inc. (US), CNT Co., Ltd. (Korea), Ocsial Llc (US), Hanwha Chemical Corp. (South Korea), Nano-C Inc. (US), Cnano Technology Ltd. (US), Continental Carbon Company (US), Toray International Group Limited (Japan), and Showa Denko K.K. (Japan).

Nano-C is a highly active key player in the carbon nanotubes market. The company accounted for the largest share of all developmental activities that took place in the carbon nanotubes market between 2015 and 2018. As a part of its organic growth strategies, the company focuses on enhancing its carbon nanotube product portfolio and expanding its presence in the Asia Pacific and South American regions. For instance, in 2015, the company launched NC7000 multiwall carbon nanotubes product. This product is made for buildings & construction application.

In 2016, Ocsial (US) entered into a purchase and marketing agreement with the Chinese carbon nanotube raw material supplier Nanjing Leiqi. With this partnership, the company aims to tap the growing demand for carbon nanotubes in composites and flooring industries in China and other neighbor nations.

Another key player that has a very strong product portfolio in the carbon nanotubes market is Continental Carbon Company. The company has a strong presence in the North American region, and it caters to the demand of the growing electrical & electronics, chemical and polymers, batteries and capacitors, energy, and other industries. The company is expanding its reach through strategies such as partnership and joint venture. In 2016, it formed a joint venture with Kemya (Saudi Arabia), which is a joint venture between Sabic and ExxonMobil. With this joint venture, Continental Carbon Company has started a 50-kilotons per year carbon black plant in Al-Jubail, Saudi Arabia. It aims to capitalize on the growing demand for carbon nanotubes in the tire industry in Europe and the Middle East & Africa.

Related Reports:

Carbon Nanotubes (CNT) Market by Type (Single, Multi Walled), Method (Chemical Vapor Deposition, Catalytic Chemical Vapor Deposition, High Pressure Carbon Monoxide), Application (Electronics, Chemical, Batteries, Energy, Medical) - Global Forecast to 2023

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