The global carbon nanotubes market is projected to reach US$ 19.9 billion by 2031, driven by its growing use in sports equipment, desalination technology, and environmental monitoring. This article explores the market’s key players, growth drivers, and regional trends, highlighting the impact of carbon nanotubes on various industries.
Cabot Corporation has received a $50 million grant from the U.S. Department of Energy to establish a new manufacturing facility in Michigan, producing battery-grade carbon nanotubes and conductive additives. This investment will strengthen the domestic supply chain for critical battery components, reduce reliance on imports, and create hundreds of new jobs.
Chinese scientists have created a groundbreaking tensor processing unit (TPU) utilizing carbon nanotubes instead of traditional silicon. This innovative chip promises to significantly improve energy efficiency in artificial intelligence (AI), a crucial factor in scaling AI applications. The new TPU outperforms existing models by consuming significantly less power while delivering high performance, paving the way for a more sustainable future for AI.
