Carbon Nanotubes Market
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Global <strong>Carbon</strong><br />
<strong>Nanotubes</strong> <strong>Market</strong><br />
Share, Global Trends,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation and Forecast,<br />
2014-2020<br />
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Report Description<br />
<strong>Carbon</strong> nanotubes (CNT) are nano-sized tubes made up of carbon atoms. Their properties<br />
depend on how carbon atoms are aligned to each other in a sheet. It is gaining<br />
prominence in various industry verticals primarily due to its varied applications as well as<br />
its durability. It is 100X times stronger and 6 X times lighter when compared to steel.<br />
Research is underway to explore its market potential in the auto mobile and electronics<br />
industries. It is a multi-billion dollar investment in technology when compared to other<br />
synthesized nanomaterial.<br />
Owing to its attractive features, it is penetrating various end use markets. The growing<br />
demand for nanotechnology is set to cater to the growing demands of energy,<br />
healthcare, environment, aerospace and electronics sector. Analysis of the growing<br />
market of carbon nanotubes (CNT), there has been a tremendous rise in CNT patents<br />
over the last 5 years.In the healthcare domain, it plays an important role in body<br />
implants, medical devices, and dental filling materials. Researchers have developed<br />
sensors using carbon nanotubes, which can be injected into the blood to know the<br />
concentration level of nitric oxide. It has potential in assessing critical illnesseslike oral<br />
cancer. In oil and energy sectors, it can play an important role in cleaning of oil spills.<br />
Besides the oil sector, it finds its usefulness in water purification plants. Compared to<br />
other alternatives, it is a cost-effective and reliable platform.<br />
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Report Description<br />
Globally, North America and Europe are the biggest markets for the companies operating<br />
in nanotechnology. Together, they account for almost 70% of market share. Though the<br />
market for North America is seeing a declining phase after the recent economic<br />
downturn, it is expected to bounce back with potential investment in various business<br />
sectors. With a market share of 25%, APAC is third biggest and fastest growing regional<br />
market for carbon nanotubes primarily due to the inflow of FDI in energy and healthcare<br />
sectors as well as the growing demand for specialised materials. Growing industrialisation<br />
in China and India are the other major driving factors for carbon nanotubes.<br />
Electronics and transportation are the key market segments which will see a massive<br />
investment in the APAC region. China, being the global leader in electronics market, will<br />
witness a massive investment in carbon nanotubes in the future. India, on the other<br />
hand,is the market hub for automation industries. It contributes almost 22% of India’s<br />
manufacturing sector. With 100% FDI inflow in the automation sector in India, the market<br />
seems promising for enterprises operating their business in carbon nanotubes. China’s<br />
electronics industry has witnessed a massive double digit growth since 2001. Though<br />
Chinese nanotube markets pace has been reduced by the 21stcentury economic<br />
downturn, it soon regained its growth momentum by 2009. With carbon nanotubes, it is<br />
expected that China will soon repeat its double digit growth in the next few years.<br />
Besides the transportation and electronics segments, APAC is set to witness a CAGR<br />
growth of 49.2% (2014-2018) in the field of nanotechnology for energy sectors.
Report Description<br />
The aged population in India and China is the other key factor that is driving the<br />
healthcare market in the APAC region. <strong>Carbon</strong> nanotubes with its cost effective and<br />
reliable solutions is set to penetrate the healthcare market in APAC in the coming years.<br />
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Nanocyl S.A, Arkema S.A. (France), CNano Technology Ltd. (USA), Bayer MaterialScience<br />
AG, Showa Denko K.K. and Hyperion Catalysis International Inc. (U.S.) are some of the<br />
leading companies in the carbon nanotube market. With rising popularity of carbon<br />
nanotube technology, global market will witness many new emerging players in this<br />
sector.<br />
Going through the potential benefits of carbon nanotubes, there is almost no doubt that<br />
this is the promising technology of the future. It is expected to grow at double digit CAGR<br />
over the next 6 years. Though the biomedical and automotive industries will be the<br />
leading end-use sectors for carbon nanotubes, automotive industries will see a massive<br />
surge in investment in coming days. Developed economies, i.e. USA, Japan and the<br />
European nations, are investing lump sum amounts in R&D to expand the commercial<br />
horizons of carbon nanotubes.<br />
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