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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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XTransfer Export PMI: Emerging Markets Drive Growth, High-End Upgrading Opportunities Stand Out

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GUANGZHOU, China, April 20, 2026 /PRNewswire/ — XTransfer, the World’s Leading B2B Cross-Border Trade Payment Platform, released its latest figures at the 139th China Import and Export Fair (Canton Fair). In the first quarter of this year, emerging markets across Asia, Africa, and Latin America accounted for 73% of XTransfer’s inbound cross-border payment collections, with 45% increase year-on-year. Collections from Africa, Latin America, and Southeast Asia increased 115%, 97%, and 18% year-on-year, respectively, highlighting growing demand among exporters for secure and efficient cross-border collection channels.

According to statistics from the China General Administration of Customs, emerging markets in Asia, Africa, and Latin America have become a key driver of export growth. However, underdeveloped local financial infrastructure, incomplete cross-border payment systems, and shortages of foreign exchange mean buyers often struggle to access U.S. dollars. As a result, exporters in these markets frequently face low settlement efficiency, slow cash recovery, and risks such as account freezes.

To address these collection challenges, XTransfer has developed a comprehensive set of cross-border collection solutions. In 2025, payment collections from emerging markets in Asia, Africa, and Latin America rose 106% year-on-year. By region, collections increased 273% in Africa, 82% in Southeast Asia, and 94% in Latin America.

Over the same period, customs statistics show that in 2025, China’s total goods exports to Asia, Africa, and Latin America increased 14.6% year-on-year, with exports to Africa, Southeast Asia, and Latin America up 26.6%, 14%, and 8%, respectively. XTransfer’s significantly faster growth in collections compared with export growth suggests exporters are accelerating the shift from informal channels to secure, compliant collection methods, and that market recognition of high-quality cross-border payment services continues to rise.

Bill Deng, Founder and CEO of XTransfer, said emerging markets offer long-term opportunities for Chinese exporters, but many are held back by the “last mile” of collections. He added that XTransfer is committed to helping SMEs collect funds safely and quickly through secure, compliant, and efficient cross-border financial services comparable to those used by multinational companies.

Release of XTransfer PMI

At the Canton Fair, XTransfer partnered with the Yicai Research Institute to publish the “China Small and Medium Enterprises (B2B) Merchandise Export Purchasing Manager Index” (XTransfer Export PMI), offering operational guidance and decision-making reference for small and micro export-oriented businesses.

This edition draws on a sample survey of XTransfer’s 800,000 SME users, selecting over 3,000 companies nationwide. It covers the full export process across export orders, pricing, procurement, logistics, staffing, and cash flow. The report shows that the March 2026 XTransfer PMI was 51.56%, indicating export conditions for SMEs are generally improving. Despite a complex external environment, SMEs have remained resilient and steadily strengthened their pricing power in international markets. Meanwhile, demand structures in emerging markets are reshaping, with export focus shifting toward intermediate goods and higher value-added products.

Resilience Amid Geopolitical Disruptions

Customs data show that in the first quarter, China’s goods exports reached RMB 6.85 trillion, up 11.9% year-on-year, marking a strong start to the year and benefiting SMEs. The XTransfer PMI also shows expansion in the export order index (53.85) and the export price index (56.15). While seasonal factors like the Spring Festival affected the short term, the underlying “volume and price rising together” trend suggests SMEs are accelerating their shift from “low-price internal competition,” strengthening pricing power through technology upgrades and improved quality.

Geopolitical disruptions have also extended delivery times, pushing the logistics time PMI down to 37.50. In contrast, the sales collection (receivables) index rose to 68.59, showing a pattern of “goods moving slower, money returning faster”. This suggests overseas buyers remain strongly tied to China’s high-quality supply chain and are willing to raise prepayment ratios or shorten payment terms to secure capacity. One exhibitor, Mr Wang, said, “A Southeast Asian customer increased its deposit from 30% to 70% to lock in production, worried our capacity would be booked by others.”

Emerging Markets Demand Trends Toward “High-End” Upgrading

The report highlights a shift toward higher-end demand in emerging markets. Africa’s export orders index (57.55) points to rising infrastructure-related demand; Latin America’s export orders index (56.47) and price index (57.81) signal opportunities in electromechanical and optical medical equipment; and Southeast Asia is absorbing components and semi-finished goods, calling for SMEs to move from finished-goods suppliers to supply-chain partners.

As industrialisation accelerates in emerging markets, demand for high-quality intermediate goods, complete electromechanical equipment, and technical services is rising. SMEs are moving from “low-end capacity exports” to “exports of technology and supply chain support”.

The composite PMI for the “New Three” (new energy vehicles, photovoltaics, and lithium batteries) was 54.59. The “New Three” sectors continue to hold growth potential, and enterprises need to enhance profit margins by delivering differentiated value.

 

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SOURCE XTransfer

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BingX Reports Strong Q1 2026 Growth as AI Users Surpass 5 Million and TradFi Hits 50% of Volume

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Q1 2026 Highlights:

BingX launched the TradFi Market, delivering a multi-asset suite of stocks, indices, commodities, and forex, with over 100 traditional assets on offer.BingX TradFi was integrated with BingX’s full ecosystem of perpetual futures, copy trading, VIP, AI tools and more, with its trading volume peaking at a 50% share in Q1.BingX AI surpassed 5 million users in Q1, with over 57 million cumulative queries resolved.AI Claw and AI Skills Hub joined BingX AI in Q1, offering real-time trading signals and new ways to interact with markets.BingX VIP updated “Access More. Go Further.” mission, enhancing accessibility, performance, and rewards for advanced users.BingX VIP saved users over $700,000 in trading fees.

PANAMA CITY, April 20, 2026 /PRNewswire/ — BingX, a leading cryptocurrency exchange and Web3-AI company, today released its Q1 2026 review, highlighting momentum across its AI-driven, Tradfi ecosystem. The quarter was defined by the launch of the BingX TradFi Market and continued expansion of the BingX AI suite, alongside strong user feedback to its VIP program enhancements.

In Q1, BingX officially launched its TradFi Market, marking a significant step in bridging traditional finance and crypto trading. The platform now supports over 100 TradFi assets across commodities, forex, stocks, and indices. At its peak during the quarter, TradFi trading accounted for 50% of BingX’s total volume, reflecting strong user demand for diversified markets within a unified trading environment. Fully integrated across the BingX ecosystem, TradFi capabilities extend into perpetual futures, copy trading, AI-powered tools, and VIP benefits, enabling users to manage their trading efficiently through one platform.

BingX continued to advance its position as the first AI-native crypto exchange, with two key products launched in Q1: BingX AI Claw and the BingX AI Skills Hub. AI Claw delivers real-time, cross-validated trading signals with explainable insights, while the AI Skills Hub introduces a new interaction layer through AI agents capable of executing trades, analyzing markets, and managing accounts using natural language. Adoption of BingX AI surpassed a total of 5 million users in Q1, with over 57 million queries resolved, underscoring users’ growing reliance on AI-driven trading support.

BingX VIP also saw strong growth through the “Access More. Go Further.” update, improving accessibility, performance, and rewards for advanced users. $1.4 million airdrops has been delivered, while optimized execution mechanisms helped users save over $700,000 in trading fees. With expanded entry pathways, enhanced benefits, and integration across both crypto and TradFi markets, BingX VIP continues to evolve as a comprehensive premium trading ecosystem.

About BingX

Founded in 2018, BingX is a leading crypto exchange and Web3-AI company, serving over 40 million users worldwide. Ranked among the top five global crypto derivatives exchanges and a pioneer of crypto copy trading, BingX addresses the evolving needs of users across all experience levels.

Powered by a comprehensive suite of AI-driven products and services, including futures, spot, copy trading, and TradFi offerings, BingX empowers users with innovative tools designed to enhance performance, confidence, and efficiency.

BingX has been the principal partner of Chelsea FC since 2024, and became the first official crypto exchange partner of Scuderia Ferrari HP in 2026.

For more information, please visit: https://bingx.com/

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Ontinue Opens New Headquarters in Zurich, Strengthening Commitment to European Growth and Innovation

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New Office Reflects Continued Investment in Talent, Customers, and Security Excellence Across DACH and Beyond

ZURICH, April 20, 2026 /PRNewswire/ — Ontinue, a leading provider of nonstop managed security operations through its Agentic SOC, today announced the opening of its new headquarters in Zurich, Switzerland, located at Grubenstrasse 54, 8045 Zurich. This new office represents a significant milestone in Ontinue’s continued expansion across Europe and reinforces its long-term commitment to delivering exceptional security outcomes for customers globally.

The opening of the Zurich headquarters reflects Ontinue’s position of strength and accelerating momentum, driven by rising demand for a new agentic security operations model built for scale, speed, and trust. As organizations face growing complexity across their digital environments, Ontinue continues to invest in regional expertise, world-class talent, and operational excellence to support customers where they are.

“Zurich has always been an important hub for Ontinue, and this new headquarters marks the next chapter in our growth,” said Moritz Mann, CEO of Ontinue. “We are investing in exceptional talent and creating an environment where our teams can continue to innovate, collaborate, and deliver meaningful outcomes for our customers. This expansion underscores our commitment to Europe and our belief in the opportunity to lead the future of security operations on a global scale.”

Ontinue’s presence in Zurich brings together a highly skilled team spanning security operations, threat intelligence, detection engineering, AI engineering, customer success, sales, and marketing. This proximity between human defenders and AI engineering teams is foundational to Ontinue’s Agentic SOC approach, enabling faster innovation, deeper context, and continuous improvement across customer environments. The new office is designed to foster deeper collaboration across these functions, enabling Ontinue to continue delivering its signature approach to managed security, combining advanced AI with human expertise to stop threats and reduce risk in customer environments.

As part of its European growth strategy, Ontinue is focused on helping organizations modernize their security operations by moving beyond traditional SOC models that struggle with scale, noise, and complexity. The Zurich headquarters will serve as a central hub for innovation and customer engagement, supporting Ontinue’s ongoing investment in agentic security operations where intelligent automation and human judgment operate as one system.

Ontinue’s Agentic SOC service, powered by its ION SecOps Platform, enables organizations to move beyond reactive security models by delivering proactive threat detection investigation, response, and continuous posture improvement. By combining AI and automation with expert human defenders, Ontinue helps customers reduce noise, accelerate response times, and reduce risk by strengthening their overall security posture.

The opening of the new headquarters further strengthens Ontinue’s ability to scale its operations while maintaining the high-touch, customer-centric approach that has become a hallmark of its service.

For more information about Ontinue and its ION SecOps Platform, visit www.ontinue.com.

About Ontinue

As a leading provider of AI-powered managed agentic SOC services, Ontinue is on a mission to be the most trusted security partner, empowering customers to embrace and accelerate digital transformation while reducing risk. By combining advanced AI with deep human expertise, Ontinue delivers managed security operations that are tailored to each organization’s unique environment, operational needs, and risk profile.

Ontinue’s ION SecOps Platform integrates AI-driven insights, automation, and real-time collaboration to continuously prevent, detect, and respond to threats. With deep expertise in Microsoft security technologies, Ontinue helps customers maximize the value of their existing investments while achieving stronger, more scalable security outcomes.

Continuous protection. AI-powered Nonstop SecOps. That’s Ontinue.

Ontinue Media Inquiries
Alison Raymond
Senior Director, Corporate Communications
araymond@ontinue.com 

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