Batteries Segment to Dominate Middle East & Africa Multiwalled Carbon Nanotubes Market during 2019–2028

According to a new market research study on “Middle East & Africa Multiwalled Carbon Nanotubes Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Application,” is expected to reach US$ 525.59 million by 2028 from US$ 394.98 million in 2021. The market is estimated to grow at a CAGR of 4.2% from 2021 to 2028. Emerging use of MWCNT in 3D-Printing is the major factor driving the growth of the Middle East & Africa multiwalled carbon nanotubes market. However, health hazards of MWCNT may hinder the growth of Middle East & Africa multiwalled carbon nanotubes market. The report provides trends prevailing in the Middle East & Africa multiwalled carbon nanotubes market along with the drivers and restraints pertaining to the market growth.

The Middle East & Africa multiwalled carbon nanotubes market is segmented into application and country. Based on application, the market is segmented into electrically conductive polymers, structural composites, concrete additives, batteries, research and development, and others. In 2020, the batteries segment held the largest share Middle East & Africa multiwalled carbon nanotubes market. Similarly, based on country, the market is segmented into South Africa, Saudi Arabia, the UAE, the rest of Middle East & Africa. The rest of Middle East & Africa contributed a substantial share in 2020. 

Arkem; Klean Industries Inc.; Kumho Petrochemical Co., Ltd.; LG Chem; Ocsial; Ossila Ltd; Raymor Industries Inc.; and Tokyo Chemical Industry Co., Ltd. are among the leading companies in the Middle East & Africa multiwalled carbon nanotubes market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

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