HOME Research Insight New Product Launches, Investments & Expansions, and Contracts & Agreements are the Major Strategies Adopted by Key Players in the Carbon Nanotube Market



New Product Launches, Investments & Expansions, and Contracts & Agreements are the Major Strategies Adopted by Key Players in the Carbon Nanotube Market


The carbon nanotube market size is expected to reach USD 8.70 Billion by 2022, at a CAGR of 17.09% between 2017 and 2022. Carbon nanotubes offer exceptionally high material properties, very close to their theoretical limits, such as electrical and thermal conductivity, strength, stiffness, and toughness which make them special material for several applications, such as electronics & semiconductor, medical, aerospace & defense, automotive, energy, construction, and others.

New product launches, investments & expansions, and contracts & agreements are the major strategies adopted by key players in the carbon nanotube market. This strategy has helped companies operating in the carbon nanotube market enhance their product portfolios and expand their global presence. The key companies are also focused on entering new markets by launching technologically advanced and pure carbon nanotube for varied end-use industries. Some of the leading manufacturers of carbon nanotube include Arkema S.A. (France), Arry International Group LTD. (China), Carbon Solutions Inc. (US), Cheap Tubes Inc. (US), CNT Company Ltd. (Korea), Hyperion Catalysis International Inc. (US), Kumho Petrochemical Company Ltd. (South Korea), Nano-C Inc. (US), NanoIntegris Inc. (US), NanoLab, Inc. (US), Raymor (Canada) Nanoshell LLC (US), Nanothinx S.A. (Greece), SouthWest NanoTechnologies Inc. (US), Thomas Swan & Co. Ltd. (UK), and Toray Industries, Inc. (Japan), among others.

Companies have also adopted the mergers & acquisitions and joint venture strategies to strengthen their positions in the carbon nanotube market. These strategies together accounted for a share of 49.57% of all the strategic developments that took place in the carbon nanotube market between 2015 and 2017.

Nanocyl S.A. (Belgium) is a highly active key player in the carbon nanotube market. The company offers carbon nanotube under the brand names BIOCYL X1, EPOCYL, THERMOCYL X1, and others. The company accounted for the largest share of all developmental activities that took place in the carbon nanotube market between 2014 and 2017. 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, Nanocyl launched Elastocyl HTV1001, a multiwall carbon nanotube for high performance applications.

Another key player that has established a strong foothold in the carbon nanotube market is Hanwha Chemical Co. Ltd. (Korea). The company concentrates on expanding its customer base through investments & expansions, joint ventures, partnerships, and agreements. For instance, in September 2013, the company merged with its wholly-owned subsidiary, Hanwha Nanotech Corporation, a manufacturer of carbon nanotube and related products. This helps the company focus on CNT manufacturing with graphene and increase its sales and business growth in emerging markets.

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 2022

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