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Carbon Nanotubes Market Growth by 2030 Driven by Industrial segments

Read More: https://www.emergenresearch.co....m/industry-report/ca

The global Carbon Nanotube (CNT) market size is expected to reach USD 3,027.4 Million in 2030 and register a revenue CAGR of 14.9% during the forecast period. Rising demand for conductive materials for application in electronics and Electric Vehicle (EV) batteries, rapid technological advancements in carbon nanotechnology, and increasing investment by private players are some major factors driving carbon nanotube market revenue growth.

Nanotechnology has been actively applied in fields where there is constant necessity of highly durable materials with low density and better thermo-mechanical properties. CNTs are widely utilized in industrial applications, owing to their physical and chemical properties. They offer excellent thermal and mechanical properties at lower density, which makes them suitable reinforcement for composites in aerospace applications.