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Carbon Nanotubes Market Set to Surge at 20.6% CAGR Through 2029, Driven by Emerging Technologies and Global Demand

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BCC Research analyst states that carbon nanotubes are transforming industries with their superior strength, conductivity, and thermal stability

BOSTON, Nov. 27, 2024 /PRNewswire/ — Boston: “According to the latest study from BCC Research “Global Markets and Technologies for Carbon Nanotubes,” demand for these products is projected to grow from $2.3 billion in 2024 to $5.9 billion by 2029, at a compound annual growth rate (CAGR) of 20.6% from 2024 through 2029.”

In this report, the global market for carbon nanotubes is analyzed, focusing on single-walled and multi-walled types. Technologies such as chemical vapor deposition and arc discharge as well as high-pressure carbon monoxide and laser ablation are examined, including their use in the transportation, energy storage, electronics, semiconductors, chemicals, materials, polymers, and medical applications industries. Regional analysis covers North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. With a base year of 2023 and forecasts through 2029, the market size estimates reflect revenues generated by companies using industrial-scale carbon nanotube technologies.

As renewable energy is increasingly integrated into global systems, carbon nanotubes offer significant advantages in energy storage and conversion, particularly by enhancing lithium-ion batteries with improved conductivity and structural integrity, ensuring greater resilience during charge/discharge cycles. In healthcare, the rising need for smart drug delivery, particularly in North America and Europe, positions carbon nanotubes as effective drug vectors that target specific body areas while minimizing interaction with healthy tissues. Additionally, carbon nanotubes are increasingly being used in the design and fabrication of smaller, high-performance consumer electronics, such as smartphones, transistors and wearable devices.

Please click here for more details on the report on the global market for carbon nanotubes.

The factors driving the global market for carbon nanotubes include:

Advances in the Medical Sector: Carbon nanotubes are enhancing drug delivery by targeting specific cells, improving treatment effectiveness, and reducing side effects. They are also integrated into biosensors for early disease detection and are used in cancer treatment to target and destroy cancer cells precisely, minimizing damage to healthy tissues.

Demand in Electronics and Semiconductors: Carbon nanotubes are increasingly being integrated into transistors, potentially surpassing silicon in speed and efficiency, and are used in sensors to enhance performance in advanced electronics.

Integration in Energy Storage and Conversion: Carbon nanotubes improve energy density and extend the life of lithium-ion batteries, enhance the efficiency of fuel cells, and increase the effectiveness of solar cells in converting sunlight to electricity.

Use in EVs: The EV industry uses carbon nanotubes to develop lightweight, strong materials for better energy efficiency. They also enhance EV battery performance, leading to longer ranges and quicker charging, and are used in conductive composites to improve vehicle safety and functionality.

Request a sample copy of the global market for carbon nanotubes report.

Report Synopsis

Report Metric

Details

Base year considered

2023

Forecast period considered

2024-2029

Base year market size

$2.0 billion

Market size forecast  

$5.9 billion

Growth rate    

CAGR of 20.6% from 2024 to 2029

Segments covered

Type, Technology, End User, and Region

Regions covered

North America, Europe, Asia-Pacific, South America, and the Middle East and Africa (MEA)

Countries covered

U.S., Canada, Mexico, Brazil, Argentina, Chile, China, Japan, India, South Korea, Germany, U.K., France, Italy, Spain, Saudi Arabia, UAE and South Africa

Market drivers

•  Advances in the medical sector

•  Increasing use in the electronics and semiconductors industry

•  Integration of carbon nanotubes in energy storage and conversion

•  Growing use in EVs

 

Interesting facts about the global market for carbon nanotubes:

 •  Carbon nanotubes have transformed the pharmaceutical industry with their ability to penetrate cell membranes, making them ideal for targeted drug delivery.

•  Carbon nanotubes may replace silicon in electronics due to superior conductivity, enhancing silicon anodes in Li-ion batteries for longer cycles.

•  Carbon nanotubes are key in developing smart textiles with electrical conductivity, flame retardance, and durability, paving the way for wearable electronics and heated garments.

•  Carbon nanotube manufacturers are exploring eco-friendly production methods using bioethanol and plant-based oils to align with sustainability goals.

The report addresses the following questions:

1.  What are the projections for the market?

•  The global market for carbon nanotubes is projected to grow from $2.0 billion in 2023 to $5.9 billion in 2029 at a compound annual growth rate (CAGR) of 20.6% during the forecast period.

2.  Which factors are driving the growth of the market?

•  These factors include:

o  Advances in the medical sector.

o  Demand from the electronics and semiconductors industry.

o  Integration of Carbon nanotubes in energy storage and conversion systems.

o  Use in EVs.

3.  Which market segments are covered in the report?

•  The global market for carbon nanotubes is segmented by type, technology, end-user and region. Types, include single and multi-walled carbon nanotubes. Technologies include chemical vapor deposition, arc discharge, high-pressure carbon monoxide, laser ablation and others (electrolysis, ball milling, diffusion flame synthesis, etc.). End users include the transportation, energy and storage, electronics and semiconductors, chemicals, materials, polymers, medical, sports equipment, construction and textile sectors. Regions covered are North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.

4.  Which technology segment will dominate the market by the end of 2029?

•  The chemical vapor deposition segment, which is one of the most widely used and versatile methods for synthesizing Carbon nanotubes, will maintain its dominance through 2029. It relies on the thermal decomposition of a carbon-containing gas, which deposits carbon atoms on a catalyst surface. Recent advances in the catalyst design have significantly improved the quality, scalability, and control over the growth process for carbon nanotube synthesis.

5.  Which region has the largest share of the global market?

•  Asia-Pacific’s largest market share is driven by a combination of economic factors, industrial applications, and a focus on innovation and sustainability. Rising demand for renewable energy, use of EVs, and supportive government initiatives will increase the potential market for carbon nanotubes.

Leading companies in the market include:

•  Anp Corp.

•  Arkema

•  Birla Carbon

•  Cabot Corp.

•  Canatu

•  Chasm

•  Jiangsu Cnano Technology Co. Ltd.

•  Kumho Petrochemical

•  Lg Chem

•  Nano-C

•  Nanografi Nano Technology

•  Novarials Corp.

•  Ocsial

•  Raymor Industries Inc.

•  Thomas Swan & Co. Ltd.

More Related Reports:

Global Markets and Technologies for Nanofibers: This report provides an analysis of the global market for nanofiber technologies, with forecasts through 2028. It covers key material types—polymers, hybrids, synthetics, naturals, carbons, metals, alloys, ceramics, glasses, composites, and semiconductors—and their applications in the life sciences, energy, electronics, consumer goods and transportation sectors. The study also offers regional market breakdowns for North America, Europe, Asia-Pacific, and the Rest of the World, focusing on commercially viable nanofiber materials and applications expected to be significant by 2028.

 

Nanomaterials in Personalized Medicine: Global Markets: This report provides an analysis of nanomaterials in the personalized medicine market, with estimates for 2023 and projections through 2028. It highlights the current and future market, assesses the competitive landscape, and explores regulatory scenarios and market drivers, restraints and opportunities. The study segments the market by product type—including proteins, monoclonal antibodies, nanocrystals, liposomes, gold nanoparticles, and quantum dots—and by the regions of North America, Europe, Asia-Pacific, and the Rest of the World, with insights into key markets of the U.S., Germany, the U.K., Italy, France, Japan, China, and India.

Directly purchase a copy of the report from BCC Research.

For further information or to make a purchase, please get in touch with info@bccresearch.com.

About BCC Research

BCC Research market reports provide objective, unbiased measurement, and assessment of market opportunities. Our experienced industry analysts’ goal is to help readers make informed business decisions, free of noise and hype.

Contact Us

Corporate HQ: 50 Milk St. Ste 16, Boston, MA 02109, USA
Email: info@bccresearch.com,
Phone: +1 781-489-7301

For media inquiries, email press@bccresearch.com or visit our media page for access to our market research library.

Any data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher.

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Mouser Electronics Explores How Artificial Intelligence Shapes Everyday Technologies and Experiences

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SHANGHAI, April 20, 2026 /PRNewswire/ — Mouser Electronics, Inc., the authorized global distributor with the newest electronic components and industrial automation products, today announced the first 2026 installment of its Empowering Innovation Together (EIT) technology series, Engineering AI for Daily Life. This installment explores how artificial intelligence is increasingly embedded in everyday products and services, from assisted search and messaging tools to healthcare wearables that monitor personal well-being. As AI capabilities expand across consumer and connected devices, engineers continue to design systems that make these technologies more useful, intuitive, and trustworthy in real-world applications.

“AI is quickly moving from experimental technology into products people rely on every day, and engineers play a major role in shaping how it’s applied,” said Jeff Newell, President of Mouser Electronics. “As AI becomes embedded across consumer devices and connected systems, it’s important that these technologies are designed to support human expertise while remaining reliable and trustworthy. This EIT segment helps engineers explore the tools and insights they need to build the next generation of AI-enabled solutions.”

As AI agents and intelligent tools become integrated into homes, connected devices, and digital services, engineers are developing systems that enhance user judgment and keep users in control while maintaining transparency and privacy. New AI-powered platforms already demonstrate this potential – turning simple conversations into complete travel itineraries or providing deeper health insights through connected devices.

On The Tech Between Us podcast, Raymond Yin, Director of Technical Content at Mouser Electronics, and Dr. Marisa Tschopp, Senior Researcher at scip AG in Zurich, examine the new role of AI in human interaction and day-to-day experiences. They explore how AI advancements shape technology-enabled collaboration, including the long-term impact of daily integration and applications for mental health.

“AI is moving beyond experimental settings into the products people rely on every day,” said Yin. “Our first EIT navigates the next era in AI innovation, looking at how to use the technology to enhance people’s abilities and rethink how we can live for the better.”

In addition to the podcast, the EIT series includes an in-depth video, technical articles, a topic-related infographic, as well as subscriber-exclusive content, diving into everyday AI. By examining the range of cases where AI can level up technical expertise, engineers can build a class of tools to help reshape how people think, decide, and create while protecting privacy and control.

Established in 2015, Mouser’s Empowering Innovation Together program is one of the electronic component industry’s most recognized educational programs. To learn more, visit https://www.mouser.com/empowering-innovation/engineering-ai-daily/ and follow Mouser on Facebook, LinkedIn, X, and YouTube.

For more Mouser news and our latest new product introductions, visit https://www.mouser.com/newsroom/.

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SOURCE Mouser Electronics

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The Global Economy Could Split in Very Different Directions by 2050

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Research from the BCG Henderson Institute Details Four Plausible Scenarios for the World over the Next 25 Years, Based on Analysis of More Than 100 Megatrends and a Century of Historical Data

BOSTON, April 20, 2026 /PRNewswire/ — The global economy could follow markedly different paths over the next 25 years. For business leaders, the challenge is how to make decisions today while preparing for a wide range of possible futures.

New Scenarios 2050 research from the BCG Henderson Institute (BHI), Boston Consulting Group’s think tank, anticipates four distinct futures that push boundaries but remain plausible. The report explores what each scenario could mean for businesses and how early signals may indicate which direction the world is heading.

Among the findings:

Global GDP growth could slow to about 1.8% or rise to 5.0% annually, with the economy reaching anywhere from 1.6 to 3.4 times today’s size.Global trade could fall to about 35% of GDP—roughly Cold War–era levels—or remain near current levels of about 60%.Defense spending could climb to as much as 7% of global GDP.Low-carbon electricity could account for 55% to 90% of power generation.

The report, Beyond Tomorrow: Four Scenarios for the World of 2050, is based on a century of historical data and analysis of more than 100 megatrends across technology, geopolitics, climate, society, and economics.

“The decisions made in the next 5 years will shape the next 25,” said Nikolaus Lang, global leader of the BCG Henderson Institute and a coauthor of the report. “Too often, the future is framed in extremes—either collapse or abundance. In reality, leaders need to be ready for a range of outcomes and make decisions that hold up across very different conditions.”

Four Plausible Futures Leaders Should Plan For

Each scenario presents a different operating environment for businesses, reflecting the range of conditions leaders may face.

Scenario 1: AI Abundance. Global cooperation on AI standards leads to faster productivity growth, wider access to technology, and abundant low-carbon energy:

Global GDP more than triples, growing by about 5% annually from 2025 to 2050—the highest level across BHI’s four plausible scenarios.Average working hours fall by about 25%, with four- or even three-day workweeks becoming common in some regions.AI-supported advances in new materials and carbon removal put the world on a delayed but credible path to net zero emissions.

Scenario 2: Battling Blocs. Geopolitical tensions divide the world into competing blocs, reducing cooperation and reshaping global trade:

Global trade falls to about 35% of global GDP, down from 57% in 2024—reversing decades of globalization.Defense spending rises to about 7% of global GDP, the highest across BHI’s four scenarios, as countries prioritize security and self-sufficiency.Global GDP growth slows to about 1.8% annually, the lowest across the four scenarios, underpinned by government spending on national security, pensions, and climate mitigation.

Scenario 3: Climate Coalition. A series of extreme weather events in the late 2020s push governments, industries, and consumers to prioritize climate resilience, accelerating the shift to low-carbon energy and infrastructure:

Global warming stabilizes at about 1.8°C.Carbon markets expand globally, with most major economies participating by 2040.The share of fossil fuels in the energy mix falls from 81% today to 35% in 2050, while electricity is generated almost entirely from low-carbon sources.Global GDP growth averages about 2.5% annually, reflecting a focus on the climate transition, slower population growth, and aging societies.

Scenario 4: Digital Darwinism. Rapid technological progress continues under limited regulation, driving strong growth while concentrating wealth and power among leading companies and tech-rich nations:

Global GDP grows at 4% per year, resulting in a near tripling of GDP.The richest 1% holds nearly half of global wealth, while the middle class continues to shrink.Gig-style and short-term contract work expands as AI and automation displace routine knowledge work.Defense spending rises to about 4% of GDP, up from 2.4% in 2024, as the global order becomes more fragmented. At the same time, global trade and supply chains remain open, driven by commercial interests.

What Leaders Can Do Now

 Across all four scenarios, the report highlights “low regret” moves that make sense for business leaders today, including:

Enhance structural resilience. Rebalance toward resilience over efficiency to maintain operations in a more volatile environment.Reimagine talent for aging populations and AI. Build strategies for intergenerational work, more flexible roles, and talent mobility—and recruit more widely, especially from emerging labor markets.Build digital flexibility and trust. Take a modular approach to tech and data stacks that accounts for rapidly changing technologies.Sharpen sensing and influencing capabilities. Develop sensing capacities along dimensions like regulation, geopolitics, resources, and technology. Build the capability to act on them quickly.Embrace a broader societal role. Prepare to shoulder more responsibility for workers’ well-being, local resilience, crisis management, and community needs.

“No one can predict exactly what 2050 will look like, but the forces shaping it are already visible,” said Alan Iny, a partner and director at BCG, a BCG Henderson Institute Fellow, and a coauthor of the report. “Planning for a single future is a gamble. The advantage will go to leaders who prepare for multiple futures and act to shape them before the direction of the world is clear.”

Download the publication here: https://www.bcg.com/publications/2026/beyond-tomorrow-four-scenarios-for-the-world-of-2050

Media Contact:                            
Eric Gregoire
+1 617 850 3783
gregoire.eric@bcg.com

About the BCG Henderson Institute
The BCG Henderson Institute is Boston Consulting Group’s strategy think tank, dedicated to exploring and developing valuable new insights from business, technology, and science by embracing the powerful technology of ideas. The Institute engages leaders in provocative discussion and experimentation to expand the boundaries of business theory and practice and to translate innovative ideas from within and beyond business. For more ideas and inspiration from the Institute, please visit our website and follow us on LinkedIn and X (formerly Twitter).

About Boston Consulting Group
Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact.

Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place.

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SOURCE Boston Consulting Group (BCG)

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DEKRA Korea to Acquire Global Product Service, Strengthening Consumer Electronics Testing and Certification Capabilities in Korea

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GIMHAE-SI, South Korea, April 20, 2026 /PRNewswire/ — DEKRA, a leading global provider of testing, inspection, and certification services, today announced it has signed a definitive agreement to acquire Global Product Service Co., Ltd (GPS), a prominent South Korean company renowned for its expertise in consumer electronics product testing and certification.

This strategic acquisition will significantly enhance DEKRA Korea’s capabilities within the rapidly growing consumer electronics sector, bringing together DEKRA’s global network and comprehensive service portfolio with GPS’s deep-rooted local knowledge and decades of experience serving South Korea’s leading manufacturers.

GPS has established a strong reputation for its in-depth technical expertise and unwavering commitment to quality, particularly within the consumer electronics market. For many years, GPS has been a trusted partner to major South Korean electronics companies, providing testing and certification services that ensure product safety, performance, and compliance with international standards.

The successful acquisition is a result of the strong collaboration and commitment from both DEKRA and GPS. Key representatives who participated in the signing, embodying this collaboration, were Dr. Kilian Aviles, Executive Vice President of DEKRA Group and Head of Asia Pacific Region; Ming Sheng, Vice President of Automotive Testing, DEKRA China; Young Seok Lee, CEO of Global Product Service Co., Ltd; and Seong Su Kim, Director of Global Product Service Co., Ltd.

“We are thrilled to welcome Global Product Service Co., Ltd to the DEKRA family,” said Dr. Kilian Aviles, Executive Vice President of DEKRA Group and Head of Asia Pacific Region. “This acquisition represents a significant milestone in our growth strategy in South Korea. GPS’s deep understanding of the local market, combined with their specialized expertise in consumer electronics, perfectly complements DEKRA’s global strengths. Together, we will offer unparalleled testing and certification solutions to our clients, empowering them to bring innovative and reliable products to market with greater speed and confidence.”

The integration of GPS into DEKRA Korea will leverage synergies in technology, talent, and market reach. This will enable DEKRA to further support South Korean manufacturers as they navigate complex global regulatory landscapes and strive for excellence in product development and quality assurance. Clients can expect a seamless transition and continued access to the high-quality services they have come to rely on from both organizations.

Young Seok Lee, CEO of Global Product Service Co., Ltd commented, “Joining forces with DEKRA is an exciting opportunity for GPS. DEKRA’s global reach and extensive resources will allow us to expand our service offerings and better serve our existing and future clients. We are confident that this partnership will create significant value for the South Korean consumer electronics industry, providing enhanced support and innovation.”

About DEKRA

For more than 100 years, DEKRA has been a trusted name in safety. Founded in 1925 with the original goal of improving road safety through vehicle inspections, DEKRA has grown to become the world’s largest independent, non-listed expert organization in the field of testing, inspection, and certification. Today, as a global partner, the company supports its customers with comprehensive services and solutions to drive safety and sustainability forward—fully aligned with DEKRA’s anniversary motto, “Securing the Future.” In 2024, DEKRA generated revenue of 4.3 billion euros. Around 48,000 employees are providing qualified and independent expert services in approximately 60 countries across five continents. DEKRA holds a Platinum rating from EcoVadis, placing it among the top 1% of the world’s most sustainable companies.

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SOURCE DEKRA Asia Pacific

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