Global Carbon Nanotubes Market to Reach US$7.72 Billion by 2015, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Carbon Nanotubes market. Buoyed by excellent properties, increasing gamut of applications, and surging importance of Single Walled Carbon Nanotubes, the global market for Carbon Nanotubes is forecast to reach US$7.72 billion by the year 2015. Further, resiliency offered by the carbon nanotubes in terms of design changes to suit the varied requirements of diversified markets is attributed as the major factor driving demand for carbon nanotubes.

Carbon Nanotubes: A Global Strategic Business Report

Worldwide demand for carbon nanotubes witnessed considerable decline during the years 2008 and 2009 due to the global meltdown. Sluggish adoptions of new technology and cut back in production volumes have been major consequences of the recent global financial crisis. The recession has taken a severe toll on the entire nanotechnology value chain, including nanointermediates, nanomaterials and nanocomposites. Carbon nanotubes received severe blow from the recession, owing to increased application of these materials in crippling construction and automotive industries. Nonetheless, factors such as diverse applications of carbon nanotubes, and the need to increase safety in military and aerospace applications, and enhance efficiency of renewable energy instruments are expected to drive the market growth in the coming years.

Asia-Pacific represents the largest regional market for carbon nanotubes worldwide, as stated by the new market research report on Carbon Nanotubes. Breakthroughs in the field of carbon nanotubes and the burgeoning Chinese, Korean and Indian markets are key factors driving growth in the Asia-Pacific carbon nanotubes market. The United States trails Asia-Pacific in terms of sales of carbon nanotubes. Europe is projected to be the fastest growing regional market for carbon nanotubes. Backed by government support through funding, and foray of large private laboratories and research institutions into carbon nanotubes domain, the European carbon nanotubes market is poised to grow at a compounded annual rate of more than 50% over the analysis period. Growing interest of Ireland, the Netherlands, and Scandinavian nations in carbon nanotubes field is further bolstering the European market.

Single Walled Carbon Nanotubes represents the largest and the fastest growing segment. Growth in the market can be attributed to industrialization of the products, excellent prospects offered by the carbon nanotubes for various applications, and potential opportunities in semiconductor applications. Further, advancements in manufacturing and purification methods, and commercialization of new products are expected to drive growth over the coming years. Sales of Multi Walled Carbon Nanotubes, the other carbon nanotubes segment, are projected to reach more than US$700 million by the year 2012.

Research institutions play an important role in exploiting new applications and developing innovative techniques for carbon nanotubes. Research conducted by these institutions is expected to lead to development of processes, techniques, and also assist in recognizing potential markets. Identifying potential markets, enhancing properties of carbon nanotubes and receiving grants from the government represent prominent factors that play a crucial role in commercialization of carbon nanotube based devices. Leveraging on the trend in electronics and associated industries towards development of miniature products, carbon nanotubes are expected to take on the crusade of miniaturization.

Major players profiled in the report include Arkema, Bayer MaterialScience AG, Catalyx Nanotech Inc., Hanwha Nanotech Corporation, Hyperion Catalysis International Inc., Nanocyl S.A., Nanoledge, Raymor Industries Inc., Rosseter Holdings Ltd., Shenzhen Nanotech Port Co. Ltd., Showa Denko K.K, SouthWest NanoTechnologies Inc., Sun Nanotech Co. Ltd., Thomas Swan & Co. Ltd. and Unidym Inc.

The report titled “Carbon Nanotubes: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the carbon nanotubes markets, impact of recession on the markets, current market trends, key growth drivers, overview of end-use sectors, recent product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for Carbon Nanotubes market for the following geographic markets - US, Europe, Asia-Pacific, and Rest of World. Key segments analyzed include Single Walled Carbon Nanotubes and Multi Walled Carbon Nanotubes. The global market is also analyzed by end-use sectors, including R&D Institutes/Laboratories, Electronics, Field Emission Devices, Composites, and Other End-Use Sector (inclusive of Fuel Cells & Batteries). Also, a six-year (2001-2006) historic analysis is provided for additional perspective.

For more details about this comprehensive market research report, please visit –

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
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