Asia Pacific Multiwalled Carbon Nanotubes Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Electrically Conductive Polymers, Structural Composites, Concrete Additives, Batteries, Research and Development, and Others)

The multiwalled carbon nanotubes market in Asia Pacific is expected to grow from US$ 1,586.21 million in 2021 to US$ 3,401.83 million by 2028; it is estimated to grow at a CAGR of 11.5% from 2021 to 2028.

Multiwalled carbon nanotubes (MWCNTs) are widely used in medicine and pharmaceutical industries for sensitive detection of essential biological components, precise and safer imaging of sick tissues, and innovative treatments because of their mechanical, optical, electrical, and chemical properties. Moreover, the nanomaterials market is growing as several multiwalled carbon nanotube-based medicinal and diagnostic agents have been developed to treat cancer, diabetes, pain, asthma, allergy, and infections. MWCNTs have outstanding electrical and mechanical properties, making them suitable for electronic applications. The atom structure in a multiwalled carbon nanotube minimizes collisions between conduction. Carbon nanotubes can resist higher electric currents than copper due to strong connections across carbon atoms. Multiwalled nanotubes can route electrical impulses at speeds of up to 10 GHz when utilized as interconnects on semi-conducting devices. Therefore, the growing demand for MWCNT from healthcare and electronics sectors is projected to offer lucrative opportunities to manufacturers of multiwalled carbon nanotubes over the forecast period.

Asia Pacific Multiwalled Carbon Nanotubes Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Multiwalled Carbon Nanotubes Market Segmentation       

The Asia Pacific 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 Asia Pacific multiwalled carbon nanotubes market. Based on country, the market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China contributed a substantial share in 2020. 

Arkema; Beyond Pacific Holdings, LLC; Eden Innovations Ltd.; 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 Asia Pacific multiwalled carbon nanotubes market.

1. Arkema
2. Beyond Pacific Holdings, LLC
3. Eden Innovations Ltd.
4. Klean Industries Inc.
5. Kumho Petrochemical Co., Ltd.
6. LG Chem
7. Nanocyl SA
8. Ocsial
9. Ossila Ltd
10. Raymor Industries Inc.
11. SHOWA DENKO K.K.
12. Tokyo Chemical Industry Co., Ltd.

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