Multi-walled Carbon Nanotubes Market Size, Share, Growth Trends, and Forecast Analysis

Emerging Use of MWCNT in 3D-Printing

Multiwalled carbon nanotubes are the cylindrical, hollow allotropes of carbon that have high diameter to length ratio. One of the most prominent properties of a MWCNT is the property of high electrical conductivity. Insulating materials can be mixed into MWCNTs to create materials with significant electric conductivity. The beneficial properties of MWCNTs have led to high demand for the product in the market. Some of the innovative applications of MWCNTs include conductive latex gloves for antistatic conveyor rollers which can dissipate the static charge or for touchscreen use. The high electrical conductivity has resulted in wide applications of MWCNTs for manufacturing of batteries.

Carbon nanotubes are known for their mechanical, electrical, and thermal capabilities, making them ideal for 3D printing polymer integration. MWCNTs have structural flaws that serve as nucleation sites for strong interactions with polymers, cross-linking, and functionalization. If carbon nanotubes are to be employed for increased CNT based filaments, they must be dispersed uniformly in polymeric solutions. CNT aggregation's well-known problem due to the nature of the material is that carbon nanotubes are quite difficult to disperse in a liquid which can be harmful to fused deposition modelling (FDM), potentially causing nozzle blockages and flux instability while printing. As a result, there is an increased focus on determining the concentration of CNTs that would surpass the percolation threshold (the transition between an insulating and conductive polymer) while maintaining 3D printing parameters. Thus, the increasing use of MWCNT in 3D printing composite material is giving rise to several key trends that will impact the MWCNTs market growth in the coming years.

A few players operating in the MWCNTs market are Arkema; Showa Denko KK; Hyperion Catalysis International; Klean Industries; Kumho Petrochemical; LG Chem; Nanocyl SA; Ossila Ltd; Raymor Industries Inc; Tokyo Chemical Industry Co. Ltd.; Ocsial; Eden Innovations Ltd.; and Beyond Pacific Holdings, LLC. among few others.

According to our new research study, titled "Multi-walled Carbon Nanotubes Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type (Electrically Conductive Polymers, Structural Composites, Concrete Additives, Batteries, Research & Development, and Others), and Geography," the multi-walled carbon nanotubes market size is expected to grow from US$ 5,252.36 million in 2021 to US$ 10,748.27 million by 2028. It is estimated to rise at a CAGR of 10.8% from 2021 to 2028. The report highlights key factors governing the market and prominent players and their progress.

Multi-walled carbon nanotubes (MCWNTs) consist of numerous single-walled carbon nanotubes nested inside one another. These nanotubes can be produced using different methods such as arc discharge, laser ablation, and chemical vapor deposition (CVD).

There has been an increased implementation of multi-walled carbon nanotubes in the automotive industry due to their superior mechanical properties and lightweight. These properties have led to increased use of multi-walled carbon nanotubes in the automotive industry to design and manufacture car interiors and exteriors. Lightweight material substitution is recommended for increasing fuel efficiency without drastically altering the vehicle's size or components.

Furthermore, lightweight materials can improve acceleration, ride, and handling while lowering noise. Multi-walled carbon nanotubes are gaining popularity as a lighter alternative to copper. As demand for lightweight automobiles with solid fuel efficiency and minimal carbon emissions grows, manufacturers increasingly use carbon nanotubes as a lightweight alternative to copper. Nanomaterials are commonly utilized in automobiles to reduce aluminum engine weight, improve grip, minimize rolling resistance, and li-ion batteries help reduce recharging time, boost tensile strength, and reduce vehicle weight. These benefits increase the applications of multi-walled carbon nanotubes in the automobile industry, thereby driving market growth.

Arkema; Showa Denko KK; Hyperion Catalysis International; Klean Industries; Kumho Petrochemical; LG Chem; Nanocyl SA; Ossila Ltd; Raymor Industries Inc; Tokyo Chemical Industry Co. Ltd.; Ocsial; Eden Innovations Ltd.; and Beyond Pacific Holdings, LLC are the key players in the multi-walled carbon nanotubes market.

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