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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  Kumho Petrochemical Co., Ltd.    A011780   KR7011780004

KUMHO PETROCHEMICAL CO., LTD.

(A011780)
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Widening Applications to Push the Global Carbon Nanotubes Market to Gain $18.76 billion by 2028

09/24/2020 | 04:40am EST

Triton Market Research's report on the global carbon nanotubes market depicts that, this market, valued at $5.20 billion in the year 2019, is expected to progress with a CAGR of 15.31% by 2028.

A study by Triton Market Research with the title 'Global Carbon Nanotubes Market,' covers the Global Analysis and Forecast for 2019-2028 by Verticals (Aerospace & Defense, Electronics, Energy, Healthcare, Textiles, Automotive, Other Verticals), by Application (Li-on Battery Electrodes, Fire Retardant Plastics, Conductive Polymer Composites, Structural Polymer Composites, Metal Matrix Composites, Conductive Adhesives, Other Applications), by Product Type (Single-Walled Carbon Nanotubes, Multi-Walled Carbon Nanotubes, Other Product Type), and by Geographical Region (Asia-Pacific, Latin America, North America, Middle East and Africa, Europe).

Carbon nanotubes refer to a miniature cylindrical carbon structure with molecules of hexagonal graphite. They are used in the energy sector, which majorly includes fuel cell catalysts and hydrogen storage.

Request Free Sample of the Global Carbon Nanotubes Market Report @ https://www.tritonmarketresearch.com/reports/carbon-nanotubes-market#request-free-sample

As per the report, the global carbon nanotubes market is likely to generate $18.76 billion worth revenue by 2028. The market is estimated to grow at a CAGR of 15.31% over the forthcoming years (2019-2028).

Widening applications of multi-walled carbon nanotubes due to their remarkable properties like electrical and thermal conductivity are primarily driving the demand for the CNTs. They have been used in various fields, including electronics, medicine, engineering and other applications. The rapid growth in the research & development activities across the world has resulted in various technological advancements in carbon nanotubes. However, stringent policies and regulations in the processing of carbon nanotubes owing to their hazardous nature, is restricting the market growth.

The carbon nanotubes market is segmented into three parts, verticals, application and product type. The first segment, verticals, include aerospace & defense, electronics, energy, healthcare, textiles, automotive and other verticals. The second segment, application, is divided into Li-on battery electrodes, fire retardant plastics, conductive polymer composites, structural polymer composites, metal matrix composites, conductive adhesives and other applications. The last segment, product type, is trifurcated into single-walled carbon nanotubes, multi-walled carbon nanotubes and other product type.

Considering the geographical landscape, the Asia-Pacific market is predicted to display the fastest growth in the global carbon nanotubes market during the projected period. The region is also estimated to be the largest carbon nanotubes market in the forthcoming years. India, South Korea, Australia & New Zealand and ASEAN countries are implementing several initiatives in the development of their energy sector. For instance, Australia added 5.3 GW of solar energy in 2018, growing by 295% from 2017 to 2018. It ranks fifth among the largest solar installation markets. Likewise, New Zealand is reported to have installed 85 MW of solar to date, and the potential is expected to increase even further.

Carbon nanotubes are used in the energy sector in different applications, including solar cells and hydrogen storage. They are used as supplemental material for energy conversion and storage devices. With the recent trend in demand for clean energy storage systems, like supercapacitors and secondary batteries, are likely to provide new opportunities for the application of carbon nanotubes by replacing the conventional carbon black.

Some leading companies in the carbon nanotubes market are Kumho Petrochemical, Nanoshel LLC, Zeon Corporation, Toray Industries Inc, Hyperion Catalysis International, Carbon Solutions Inc, Arkema, Hanwha Group, Meijo Nano Carbon, Cheap Tubes, Nanocyl SA, Showa Denko KK, NanoLab Inc, CHASM Advanced Materials, Thomas Swan & Co Ltd, OCSiAl, Nano-C, Raymor Industries Inc, Jiangsu Cnano Technology Co Ltd and Chengdu Organic Chemicals Co Ltd.

Purchase this Report @ https://www.tritonmarketresearch.com/reports/carbon-nanotubes-market#purchase-option

Question & Answer: Carbon Nanotubes Market

Question 1: Which factors are primarily driving the demand for carbon nanotubes?

Answer: Widening applications of multi-walled carbon nanotubes due to their remarkable properties like electrical and thermal conductivity are primarily driving the demand for the CNTs. They have been used in various fields, including electronics, medicine, engineering and other applications. The rapid growth in the research & development activities across the world has resulted in various technological advancements in carbon nanotubes.

Question 2: What factors are restricting the growth of the global carbon nanotubes market?

Answer: Stringent policies and regulations in the processing of carbon nanotubes owing to their hazardous nature, is restricting the market growth.

Question 3: How is Asia-Pacific affecting the global carbon nanotubes market outlook?

Answer: Considering the geographical landscape, the Asia-Pacific market is predicted to display the fastest growth in the global carbon nanotubes market during the projected period. The region is also estimated to be the largest carbon nanotubes market in the forthcoming years. India, South Korea, Australia & New Zealand and ASEAN countries are implementing several initiatives in the development of their energy sector. For instance, Australia added 5.3 GW of solar energy in 2018, growing by 295% from 2017 to 2018. It ranks fifth among the largest solar installation markets. Likewise, New Zealand is reported to have installed 85 MW of solar to date, and the potential is expected to increase even further.

Carbon nanotubes are used in the energy sector in different applications, including solar cells and hydrogen storage. They are used as supplemental material for energy conversion and storage devices. With the recent trend in demand for clean energy storage systems, like supercapacitors and secondary batteries, are likely to provide new opportunities for the application of carbon nanotubes by replacing the conventional carbon black.

Question 4: Which are some of the leading companies in the carbon nanotubes market?

Answer: Some leading companies in the carbon nanotubes market are Kumho Petrochemical, Nanoshel LLC, Zeon Corporation, Toray Industries Inc, Hyperion Catalysis International, Carbon Solutions Inc, Arkema, Hanwha Group, Meijo Nano Carbon, Cheap Tubes, Nanocyl SA, Showa Denko KK, NanoLab Inc, CHASM Advanced Materials, Thomas Swan & Co Ltd, OCSiAl, Nano-C, Raymor Industries Inc, Jiangsu Cnano Technology Co Ltd and Chengdu Organic Chemicals Co Ltd.

Related Report:

Global Quartz Market

The Global Quartz Market is estimated to be valued at $9.91 billion by the year 2028. The market is projecting a CAGR of 4.94% in the projected period 2019-2028.

As quartz is a widely distributed mineral found on the surface of the earth, it is found in all parts of the world in different forms at different temperatures. It is used in a wide range of applications, including jewelry, lighting, petroleum industry, construction and glass manufacturing. It displays unique electrical and electronic features. For instance, it can act as a good conductor of electricity at high temperatures, and as an insulator at low temperatures. Due to the unusual properties of quartz, it is a viable choice in the global technological market. Its increasing applications in a wide range of sectors are primarily driving the growth of the global quartz market.

High-purity fused quartz finds its applications in a wide range of mechanical, optical and thermal properties, which are used in the manufacturing of many semiconductor quartz wares. It is also used in wafer etching parts, diffusion & annealing process tubes, and handling systems during semiconductor device fabrication. The rapid advancements in the budding technologies, like virtual reality, AI (artificial intelligence), the IoT (Internet of Things), hold immense potential for the growth of the quartz market.

Media Contact

Company Name: Triton Market Research

Contact Person: Matt Dixson

Email: matt.tritonresearch@gmail.com

Phone: +44 7441 911839

Address:196, wards wharf approach London E16 2EQ

Country: United Kingdom

Website: https://www.tritonmarketresearch.com/

Source: www.abnewswire.com

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(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
ARKEMA 0.29% 96.64 Real-time Quote.3.36%
JIANGSU CNANO TECHNOLOGY CO., LTD. 3.68% 63.05 End-of-day quote.1.69%
KUMHO PETROCHEMICAL CO., LTD. -2.91% 167000 End-of-day quote.15.17%
SHOWA DENKO K.K. -0.78% 2432 End-of-day quote.10.70%
TORAY INDUSTRIES, INC. -2.64% 644.7 End-of-day quote.5.53%
ZEON CORPORATION -1.47% 1478 End-of-day quote.-0.07%
All news about KUMHO PETROCHEMICAL CO., LTD.
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Financials
Sales 2020 4 696 B 4,26 B 4,26 B
Net income 2020 527 B 0,48 B 0,48 B
Net Debt 2020 536 B 0,49 B 0,49 B
P/E ratio 2020 9,48x
Yield 2020 1,25%
Capitalization 4 333 B 3 929 M 3 925 M
EV / Sales 2020 923x
EV / Sales 2021 824x
Nbr of Employees 1 294
Free-Float 51,6%
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Kumho Petrochemical Co., Ltd. Technical Analysis Chart | A011780 | KR7011780004 | MarketScreener
Technical analysis trends KUMHO PETROCHEMICAL CO., LTD.
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TrendsBullishBullishBullish
Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 172 619,05 KRW
Last Close Price 167 000,00 KRW
Spread / Highest target 37,7%
Spread / Average Target 3,36%
Spread / Lowest Target -49,1%
EPS Revisions
Managers and Directors
NameTitle
Chan-Koo Park Chairman & Co-Chief Executive Officer
Dong-Jun Moon President, Co-Chief Executive Officer & Director
Young-Do Ko Managing Director & Head-Finance
You-Sun Song Managing Director & Head-Technology Business
Ok-Ryul Song Independent Director
Sector and Competitors