![]() ![]() The toxic effects of CNTs on human health include an increased risk of high blood pressure, heart attacks, and kidney damage. High risk is identified for human beings and the environment from CNTs agglomerates. Increasing concerns over the environmental impact of CNTs have led to the imposition of stringent regulations for CNT manufacturers. Restraint: Health hazards, environmental concern and safety issues in the production and application Japan is determined to use domestically-manufactured electronics & semiconductor devices, which will drive the demand for CNTs in the industry. The electronics & semiconductor industry is driving the growth of the market in the country. Currently, eco-friendly methods for production, such as chemical vapor deposition and catalytic chemical vapor deposition, are popular in Japan. ![]() Japan is the second-largest CNTs market in the APAC region. ![]() The market growth in China is fueled by rising investments in new manufacturing plants for automotive, aerospace & defense, rail, aerospace, wind, and infrastructure development, in the country. China plays a vital role in the growth of the APAC CNTs market. The country is a profitable market and is intensively manufacturing CNTs. China is the largest consumer in APAC and the second-largest consumer, globally. The increasing demand for electronic products is creating a high demand for CNTs in the region. Consumer and business confidence have also reduced significantly.ĭriver: Emerging demand from the APAC regionĪPAC is the fastest-growing market for CNTs due to the significant demand in developing countries, such as China, India, and Taiwan. Risk aversion has increased in the financial market, with all-time low interest rates and sharp declines in equity and commodity prices. The adverse consequences of various steps related to the containment of COVID-19 are evident from global supply chain disruptions, weaker demand for imported products and services, and an increase in the unemployment rate. In the recent past, the global economy became substantially more interconnected. With the increasing number of countries imposing and extending lockdowns, economic activities are declining, impacting the global economy. The worst economic recession is expected during 2020-2021, according to World Bank and IMF. To know about the assumptions considered for the study, Request for Free Sample ReportĬOVID-19 Impact on the Global Carbon Nanotubes MarketĬOVID-19 has made a significant economic impact on various financial as well as industrial sectors, such as travel and tourism, manufacturing, and aviation. Increasing the use of CNTs in touchscreen input devices, such as robots, displays, and other electronics consumer goods is driving the global CNTs market. The global carbon nanotubes market size was valued at USD 876 million in 2021 and is projected to reach USD 1,714 million by 2026, growing at a cagr 14.4% from 2021 to 2026. ![]()
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