By 2025, the global carbon nanotubes market size is estimated to reach USD 2.86 billion. Increasing demand for coatings and composites in the plastics, construction, automotive, batteries, energy markets, aerospace, and metals is expected to drive global carbon nanotubes industry over the coming years. Apart from automotive and electrical & electronics, the energy sector is expected to be promising for carbon nanotubes manufacturers. Electrodes based on carbon nanotubes are ten times thinner and offers nearly 100 times higher conductivity as compared to amorphous carbon electrodes. Growing demand for lithium-ion batteries with higher conductivity in electric vehicles is expected to open new avenues for carbon nanotube market growth over the coming years.
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Global aerospace & defense industry market size was more than USD 2 trillion in 2017. Strong passenger travel demand, increasing military expenditure, and increasing commercial aircraft production is expected to drive global aerospace & defense industry over the projected period. Capability and superior properties to enable the designing of lightweight parts is expected to increase market concentration over the coming years. CNT’s are extensively used in the external surface of aircraft to protect them from damage. It also finds application in the rudder, wings, fuselage, and other components. Moreover, heat fluxes without burning, and high temperature resist makes CNT best suitable for high-velocity missiles. The development of the global A&D sector is anticipated to drive the global carbon nanotube (CNT) market growth over the forecast period.
