Description
The global Carbon Nanotubes market was estimated at USD 6.63 billion in 2021 and projected to reach USD 19.17 billion by 2028, growing at a CAGR of 16.4% in 2022 2028. Growing demand for lithium batteries, solar PV cells, fuel cells, integrated circuits, drug delivery, hydrogen storage, and field emission displays. Increasing commercialization and ramp-up of the installed capacities with technological improvement are the significant factors driving the market’s growth. In addition, single-walled carbon nanotubes are used in military applications also used in EMI reduction, antenna pattern shaping, radio detection, microwave technology and radar cross reduction. Increased usage of carbon nanotubes in the aerospace & defense industry due to its greater properties and capability to simplify the designing of lightweight parts are the key feature driving the carbon nanotubes market growth.
