Carbon Nanotubes (CNT) Market Report | Carbon Nanotubes (CNT) Market
The carbon nanotube (CNT) market was valued at USD 1,115 million in 2017 is expected to reach USD 2,842 million by 2024 with a CAGR of 16.87%. CNT are made up of single layer of graphene sheet rolled up to form a tube like structure measuring about 1 nanometer (10-9 m).CNTs can be used in simple applications like increasing the tensile strength of materials to very complex processes like drug delivery for cancer treatment. The demand for the same has been increasing rapidly with its applications spreading in industries like Oil and Gas, Electronics, Water Purification, Lubricants, and Bio-tech. The CNTs available in the market are SWNCT (Single-Walled CNT) and MWCNT ( Multi-Walled CNT) .Both have variety of application in areas like Li battery electrodes due to their high surface area and good electrical conductivity, in polymers as a filler material to form a composite material as CNT imparts high tensile strength. CNT-polymer composite have high temperature resistance due to the high thermal conductivity of CNT.
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