Expanding End-Use Applications Drive the Global Carbon Nanotubes Market, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Carbon Nanotubes markets. Global market for Carbon Nanotubes is projected to reach US$2.8 billion by 2020, driven by technology advancements, expanding end-use applications and strong demand from developing regions such as Asia-Pacific.

Carbon Nanotubes: A Global Strategic Business Report

Follow us on LinkedIn – Carbon nanotubes, a type of novel nanomaterial, is growing in popularity supported by extensive applications in electronics, aerospace & defence, and automotive applications. Widely touted as the miracle material of the modern 21st century due to their remarkable and incredible electronic, thermal, and structural properties, and tremendous tensile strength, carbon nanotubes have and will continue to remain key building blocks of technological revolution in the future.

Carbon nanotubes’ use in manufacturing lightweight yet strong materials for producing a range of finished goods represents a primary growth driver for the market. Another significant growth driver is the expanding application of carbon nanotubes in the electronics and semiconductor sector due to their exceptional physical, thermal, and electrical conductivity properties. With characteristics such as light weight, flexibility, and chemical inertness, carbon nanotubes are also finding increasing applications in bullet proof vests in the military/defense sector. In the automotive industry, carbon nanotubes are used in automotive fuel system components, production of light weight engines, and other key automotive components. Another niche application area for carbon nanotubes includes sporting goods, which require high tensile strength.

Future growth in the market will be driven by carbon nanotube’s envisaged mainstream application as receptacles for hydrogen molecules in fuel cells to power automobiles of the future; in collecting and storing solar energy in a manner hitherto not possible, in Nano drug delivery systems and in the production of sailboat masts, among others. Another potential application of carbon nanotubes is in blood decontamination and separation of impurities. Newer application areas poised to benefit market growth in the near term include coatings, epoxy and thermoplastic systems, thermal interfaces, transparent conductors, antiballistic vests, and wind turbine blades.

As stated by the new market research report on Carbon Nanotubes, Asia-Pacific represents the largest regional market worldwide. The region is also forecast to emerge as the fastest growing market with a CAGR of 16.9% over the analysis period. Growth in the region is primarily driven by steady investments in carbon nanotubes; growing R&D initiatives by China and India in the area of nanotechnology; and booming electronics and electrical production in South Korea, Taiwan, China and Singapore. Segment-wise, multi walled carbon nanotubes represent the largest market supported by their simple production process, low cost, improved processing techniques, expanding applications, and introduction of multi walled carbon nanotubes-based products in the market. Single walled carbon nanotubes rank as the fastest growing product segment over the analysis period.

Key players covered in the report include Arkema S A, CNano Technology, FutureCarbon GmbH, Hanwha Chemical, Hyperion Catalysis International, Inc., Nanocyl S.A., Raymor Industries Inc., Rosseter Holdings Ltd., Shenzhen Nanotech Port Co., Ltd., Showa Denko K.K, SouthWest NanoTechnologies, Inc., Sun Nanotek Co., Ltd., Thomas Swan & Co. Ltd., Wisepower Co Ltd., and Unidym, Inc., among others.

The research report titled “Carbon Nanotubes: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, product innovations and launches, and strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, UK, and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific) and Rest of World. Product segments analysed in the report include Single walled Carbon Nanotube and Multi walled Carbon Nanotube. End-use applications analyzed in the report include Electronics, Aerospace & Defense, Automotive, Sports Equipment and Others.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Carbon_Nanotubes_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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