Global Carbon Nanomaterials Market
Global Carbon Nanomaterials Market size was valued at US$ Bn in 2019 and the total revenue is expected to grow at 35.5 % through 2020 to 2026, reaching nearly US$ Bn.
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Global Carbon Nanomaterials Market Overview:
Carbon nanomaterials are used in various applications including energy storage and conversion, field emission devices, drug delivery, composite materials, sensors, as well as carbon nanomaterials, find their applications in nanoscale electronic components.
Global Carbon Nanomaterials Market Dynamics:
Increasing applications of carbon nanomaterials in the automotive industry for designing and manufacturing car interiors and exteriors thanks to their favorable mechanical properties and lightweight. The product is extensively utilized in automobiles to reduce the aluminum engine weight, for better grip and low rolling resistance, in lithium-ion batteries to decrease the charge time, boost the tensile strength, and reduce the weight of automobiles. These factors fuelling the global carbon nanomaterials market growth. Moreover, carbon nanomaterials are finding their use in aerospace applications like coatings, cockpit, crew gear, space durable mirrors, nozzles, equipment enclosures, aircraft interiors, and solar array substrates.
Carbon nanomaterials are widely used in medicine and pharmaceuticals for the sensitive detection of key biological molecules, more precise and safer imaging of diseased tissues, and novel form of therapeutics thanks to their electrical, optical, mechanical, and chemical properties. Some carbon nanomaterials-based therapeutic and diagnostic agents have developed for the treatment of asthma, pain, allergy, cancer, diabetes, and infections, these factors are expected to propel the market growth during the forecast period.
Multi-walled carbon nanomaterials are widely utilized because of ease of synthesizing when compared with other types of carbon nanomaterials thanks to their properties like diameter length ratio, high strength, etc. The simple addition of carbon nanomaterials doesn’t produce any desired outcomes in the rubber mixture. Moreover, the usage of carbon black as fillers has improved technological, mechanical, and gas barrier properties. After inhaling these particles can irritate the lungs and cause coughing as well as irritating the eyes, nose, and throat. These aforementioned health hazards hamper the carbon nanomaterial market growth.
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