Increasing Demand of the Business of Carbon Nanotubes

Carbon nanotubes (CNTs) are cylindrical molecules that consist of rolled-up sheets of single-layer carbon atoms (graphene). They can be single-walled (SWCNT) with a diameter of less than 1 nanometer (nm) or multi-walled (MWCNT), consisting of several concentrically interlinked nanotubes, with diameters reaching more than 100 nm. Their length can reach several micrometers or even millimeters. Carbon nanotube enabled nanocomposites have received much attention as a highly attractive alternative to conventional composite materials due to their mechanical, electrical, thermal, barrier and chemical properties such as electrical conductivity, increased tensile strength, improved heat deflection temperature, or flame retardancy.

 

 

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These materials promise to offer increased wear resistance and breaking strength, antistatic properties as well as weight reduction. For instance, it has been estimated that advanced CNT composites could reduce the weight of aircraft and spacecraft by up to 30%.

 

Uses and Demand of Carbon Nanotubes

 

 

 

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Market Assessment of Carbon Nanotubes

 

 

 

Global Carbon Nanotubes (CNTs) Market was valued at USD 1,659.8 Million in 2019 and is projected to register a CAGR of 20% to reach USD 6,026.4 Million by the end of 2027Carbon nanotubes (CNTs) are nanoparticles with a size range of 1–150 nm. They are allotrope of carbon and come in a long, hollow, and cylindrical nanostructure of carbon molecules. CNTs exhibit many essential properties such as greater thermal conductivity (better than diamond), extraordinary electrical properties (similar to copper), good mechanical strength (one hundred times the tensile strength of steel), high elastic modulus, high aspect ratio (length to diameter ratio), and lightweight (one-sixth the weight of steel).  These tubes are made of layer/layers of graphene which are rolled to form a seamless cylinder. On the basis of number of tubes present, the CNTs is classified as single-walled carbon nanotubes (SWCNTs) and multi-walled carbon nanotubes (MWCNTs).

 

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Conclusion

Niir Project Consultancy Services (NPCS) helps you to identify a profitable project for investing or diversifying into by throwing light on crucial areas like industry size, the market potential of the product, and reasons for investing in the product. The project reports by NPCS help you understand the viability of the project by disclosing details like machinery required, project costs, and a snapshot of other project financials.

 

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