An average vehicle has approximately 55 pounds of copper, and an electric vehicle has nearly three times the copper, most of which is in the form of electrical wires. Reducing the quantity of copper used in automobiles can help reduce the vehicle's total weight, fuel consumption, and emissions, due to which lightweight materials have become an effective strategy in the automobile industry. 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. Multiwalled carbon nanotubes (MWCNTs) 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. Nanotubes are utilized in automobiles for conductive shielding and for replacing copper wires. The use of MWCNT in the automotive industry is growing because of its better mechanical qualities and lightweight feature. These features spurred the automobile industry to incorporate MWCNTs in the design and manufacturing of car interiors and exteriors. 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 MWCNTs in the automobile industry, thereby driving the market.
Europe Multiwalled Carbon Nanotubes Market Segmentation
The Europe 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 Europe multiwalled carbon nanotubes market. Based on country, the market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe contributed a substantial share in 2020.
Arkema; Klean Industries Inc.; Kumho Petrochemical Co., Ltd.; LG Chem; Nanocyl SA; Ocsial; Ossila Ltd; SHOWA DENKO K.K.; and Tokyo Chemical Industry Co., Ltd. are among the leading companies in the Europe multiwalled carbon nanotubes market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,496.40 Million |
| Market Size by 2028 | US$ 3,068.63 Million |
| CAGR (2021 - 2028) | 10.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Application
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Multiwalled Carbon Nanotubes Market is valued at US$ 1,496.40 Million in 2021, it is projected to reach US$ 3,068.63 Million by 2028.
As per our report Europe Multiwalled Carbon Nanotubes Market, the market size is valued at US$ 1,496.40 Million in 2021, projecting it to reach US$ 3,068.63 Million by 2028. This translates to a CAGR of approximately 10.8% during the forecast period.
The Europe Multiwalled Carbon Nanotubes Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Multiwalled Carbon Nanotubes Market report:
The Europe Multiwalled Carbon Nanotubes Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Multiwalled Carbon Nanotubes Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Multiwalled Carbon Nanotubes Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Europe Multiwalled Carbon Nanotubes Market
