North America Multiwalled Carbon Nanotubes Market

The multiwalled carbon nanotubes market in North America is expected to grow from US$ 1,591.46 million in 2021 to US$ 3,484.59 million by 2028; it is estimated to grow at a CAGR of 11.8% from 2021 to 2028.

Multiwalled carbon nanotubes (MWCNTs) have high electrical conductivity and are used in conductive nano inks, battery cathodes, enhanced structural composites, enhanced structural composites, conductive heating films, conductive transparent electrodes, nanodevices, displays, chemical sensors, super batteries, supercapacitors energy storage, solar power cells, thermal interface materials, and other applications. Moreover, multiwalled carbon nanotubes can be easily spread on polymeric materials to increase mechanical qualities and reduce weight without compromising performance. Furthermore, the use of MWCNTs in automobile and aerospace applications is profitable as it saves fuel and reduces carbon dioxide (CO2) emissions. Further, with MWCNTs, an adequate amount of conductivity in electrically conductive polymers can be achieved with significantly smaller loadings than typical solutions such as carbon black or metal particles. These lower additives result in substantially less deterioration of the polymer's intrinsic physical qualities.

Furthermore, MWCNTs have high thermal conductivity and can be used to boost the ability of ordinarily insulating materials to convey heat. This can be beneficial in applications requiring heat dissipation, such as electronics. Thermally conductive ceramics can be helpful in situations where metals are forbidden due to undesirable strains or chemical instability. In addition, MWCNTs are stronger than steel, with tensile strengths ranging from 10 to 50 GPa versus 0.5 GPa of mild steel. When utilized as an additive in material, even a small fraction of MWCNTs can significantly enhance its properties. In addition, multiwalled carbon nanotubes are used in aerospace applications such as equipment enclosures, aircraft interiors, coatings, cockpit, crew gear, resilient space mirrors, nozzles, and solar array substrates as high performance and being lightweight is critical in constructions in the aerospace industry. Thus, the expanding applications of MWCNTs boost market growth.

North America Multiwalled Carbon Nanotubes Market Revenue and Forecast to 2028 (US$ Million)

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North America Multiwalled Carbon Nanotubes Strategic Insights

Strategic insights for the North America Multiwalled Carbon Nanotubes provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Multiwalled Carbon Nanotubes Report Scope

North America Multiwalled Carbon Nanotubes Regional Insights

The geographic scope of the North America Multiwalled Carbon Nanotubes refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

North America Multiwalled Carbon Nanotubes Market Segmentation 

The North America 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 of the North America multiwalled carbon nanotubes market. Based on country, the market is segmented into the US, Canada, and Mexico. The US contributed a substantial share in 2020. 

Arkema; Beyond Pacific Holdings, LLC; Eden Innovations Ltd.; Hyperion Catalysis International Inc.; Klean Industries Inc.; Kumho Petrochemical Co., Ltd.; LG Chem; Nanocyl SA; Ocsial; Ossila Ltd; Raymor Industries Inc.; SHOWA DENKO K.K.; and Tokyo Chemical Industry Co., Ltd. are among the leading companies in the North America multiwalled carbon nanotubes market.