According to a new market research study on “North America Multiwalled Carbon Nanotubes Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Application,” is expected to reach US$ 3,484.59 million by 2028 from US$ 1,591.46 million in 2021. The market is estimated to grow at a CAGR of 11.8% from 2021 to 2028. Expanding applications of MWCNT is the major factor driving the growth of the North America multiwalled carbon nanotubes market. However, health hazards of MWCNT may hinder... moreAccording to a new market research study on “North America Multiwalled Carbon Nanotubes Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Application,” is expected to reach US$ 3,484.59 million by 2028 from US$ 1,591.46 million in 2021. The market is estimated to grow at a CAGR of 11.8% from 2021 to 2028. Expanding applications of MWCNT is the major factor driving the growth of the North America multiwalled carbon nanotubes market. However, health hazards of MWCNT may hinder the growth of North America multiwalled carbon nanotubes market. The report provides trends prevailing in the North America multiwalled carbon nanotubes market along with the drivers and restraints pertaining to the market growth.
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The List of Companies - North America Multiwalled Carbon Nanotubes Market
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.
Tokyo Chemical Industry Co., Ltd.
Multiwalled carbon nanotubes (MWCNTs) exhibit exceptional electrical conductivity, making them essential for a wide range of advanced applications. They are used in conductive nano inks, battery cathodes, structural composites, conductive heating films, transparent electrodes, nanodevices, displays, chemical sensors, super batteries, supercapacitors, energy storage systems, solar cells, and thermal interface materials. Additionally, MWCNTs can be easily dispersed in polymeric materials, enhancing mechanical properties while reducing weight without compromising performance. Their application in the automotive and aerospace industries offers significant benefits, including improved fuel efficiency and reduced carbon dioxide (CO₂) emissions. Furthermore, MWCNTs enable electrically conductive polymers to achieve the required conductivity with much lower loadings compared to conventional additives like carbon black or metal particles, thereby minimizing degradation of the polymer’s intrinsic physical properties.
Beyond electrical conductivity, MWCNTs possess high thermal conductivity, improving the heat dissipation capabilities of traditionally insulating materials. This property is particularly advantageous in applications such as electronics, where effective thermal management is crucial. In scenarios where metal components are unsuitable due to mechanical strain or chemical instability, thermally conductive ceramics incorporating MWCNTs provide an excellent alternative. Additionally, MWCNTs surpass steel in strength, with tensile strengths ranging from 10 to 50 GPa compared to 0.5 GPa for mild steel. Even in small quantities, they significantly enhance material performance.
In aerospace applications, MWCNTs contribute to lightweight and high-performance components such as equipment enclosures, aircraft interiors, coatings, cockpits, crew gear, space mirrors, nozzles, and solar array substrates. Their exceptional strength-to-weight ratio makes them highly valuable in aerospace construction, where durability and performance are critical. As the demand for advanced materials continues to rise, the growing applications of MWCNTs are driving market expansion.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
