Carbon Nanotubes Market by Size, Share, Growth & Trends by 2032
The global carbon nanotubes market is projected to reach a value of US$ 2,215.5 Mn in 2032, with the market expanding at a prolific CAGR of 9.5% from 2022 to 2032. Predicted to reach an estimated US$ 894 Mn in 2022, the target market is driven by growing demand from various industrial verticals like electronics, plastics, and energy storage. The inherent beneficial properties of carbon nanotubes further aid the growth of the same in the global marketplace during the forecast period. Carbon nanotubes find major application in polymers since they act as strength and weight enhancers. This boosts the demand for polymers which, in turn, has a positive impact on the target market. Further, more and more governments are investing time and money to encourage the usage of carbon nanotubes at the domestic level which is expected to facilitate growth in the carbon nanotubes market. In addition to this, adoption of carbon nanotubes is escalating due to increasing new wind energy generation