South and Central America Multiwalled Carbon Nanotubes Market

The multiwalled carbon nanotubes market in South & Central America is expected to grow from US$ 183.31 million in 2021 to US$ 267.63 million by 2028; it is estimated to grow at a CAGR of 5.6% 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.

South & Central America Multiwalled Carbon Nanotubes Market Revenue and Forecast to 2028 (US$ Million)

South & Central America Multiwalled Carbon Nanotubes Market Segmentation 

The South & Central 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 market. Similarly, based on country, the market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil contributed a substantial share in 2020. 

Arkem; Kumho Petrochemical Co., Ltd.; LG Chem; Ocsial; Ossila Ltd; and Tokyo Chemical Industry Co., Ltd. are among the leading companies in the South & Central America multiwalled carbon nanotubes market.

South and Central America Multiwalled Carbon Nanotubes Market Strategic Insights

South and Central America Multiwalled Carbon Nanotubes Market Segmentation Analysis

South and Central America Multiwalled Carbon Nanotubes Market Report Highlights

South and Central America Multiwalled Carbon Nanotubes Report Scope

South and Central America Multiwalled Carbon Nanotubes Market Country and Regional Insights