A recently published report by Technavio, specialists in emerging technologies market research, reveals that the Global Carbon Nanotube market is expected to grow at a CAGR of 56.5 percent over the period 2010“2014. The report, which covers the Asia Pacific region as well as the Americas and Europe, indicates that the market is being driven by the increased demand from the Aerospace and Defense industries.
According to Technavio™s industry analyst, Being one of the strongest known materials, Carbon Nanotubes improve the strength of many materials used in various applications including Aerospace. In the area of Defense, Carbon Nanotube fibers are being used in the advancement of composite armor systems for vehicles and body armors. These applications in the Aerospace and Defense industry have had a positive impact on market growth.
The report also highlights that the high production cost could hinder the growth of this market. However, the emergence of several research initiatives in this field is expected to boost market growth. This market is also marked by a substantial decline in prices of these tubes. These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.
Technavio™s report, Global Carbon Nanotube Market 2010“2014, is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains incisive insights and SWOT analyses regarding the key vendors in this market.
Companies mentioned in this report include Bayer MaterialScience AG, Nanocyl, CNano, and Arkema.
For further information and to obtain your copy of this report, please visit https://www.technavio.com/content/global-carbon-nanotube-market-2010-2014
Global Carbon Nanotubes Market Witnessing Decline in Prices
