Carbon Nanotubes Market worth $2,398.4 Million by 2018 by MnM


Posted February 12, 2015 by williamfeders

The global CNTs market’s revenue was estimated to be worth $926.3 million in 2012, which is expected to reach $2,398.4 million by 2018, growing at a CAGR of 15.5% from 2013 to 2018.

 
Carbon nanotubes are minuscule allotropes of carbon having sizes to the scale of nanometers. The physical, electrical, and thermal properties make these a special material for number of applications. CNTs have very high tensile strength, excellent electrical conductivity, and the ability to bear high working temperatures. However, not withstanding some challenges like high cost of production and integration issues, the CNTS application markets have made great breakthroughs.
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Carbon nanotubes enabled nanotechnology to become one of the most sought-after technologies and have made a huge impact on a wide range of applications such as electronics, medicine, aerospace, defense, automotives, energy, construction, etc. With some of the big producers stepping up their production capacities, the prices of CNTs are bound to come down and this will induce a spiraling effect on the application areas; thereby pushing up the demand for CNTs. With extensive research regarding CNTs being carried out by almost all the leading companies in the above mentioned application areas, the challenges of integration of CNTs will eventually loosen out and in a nutshell, it would be said that CNTs are the hottest nanomaterials in the time to come.

The global Carbon nanotubes market has grown during the past few years, driven by superior properties and adaptability of CNTs in major end-user industry applications. The CNTs market is expected to register a healthy growth on account of growth in the key end-user industries. The Asia-Pacific market is a major consumer of CNTs with highest usage in electronics & semiconductors and advanced materials industries. In 2012, the production and revenue generation of CNTs was witnessed to be high in the Asia-Pacific region, followed by the North America region.

This study basically aims to estimate the global market of Carbon nanotubes for 2013 and to forecast the expected demand of the same in 2018. This market research study provides a detailed qualitative and quantitative analysis of the global Carbon Nanotubes market. It provides a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, challenges, and key issues in the market. The market is further segmented and forecasted for major regions of North America, Europe, Asia-Pacific, and Rest of the World (ROW). The major countries with market volumes and revenues are covered for each region.
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Issued By william Feders
Website http://www.marketsandmarkets.com/Market-Reports/carbon-nanotubes-139.html
Phone 1-888-600-6441
Business Address North - Dominion Plaza, 17304 Preston Road, Suite 800, Dallas, TX 75252
North - Dominion Plaza, 17304 Preston Road, Suite 800, Dallas, TX 75252
Country United States
Categories Business , Industry
Tags carbon nanotubes market , cnt market , mwcnts market , swcnt market
Last Updated February 12, 2015