DUBLIN, April 8, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Carbon Nanotubes Market by Type and by Application - Global Forecast to 2020" report to their offering.
The global carbon nanotubes market is estimated to reach USD 5.64 Billion by 2020, at a CAGR of 20.1% between 2015 and 2020. Unmatched mechanical and transport properties are the key reasons for the surging demand of carbon nanotubes.
Single walled and multi walled types of carbon nanotubes are considered in the report. Multi walled is the currently the dominant type in the carbon nanotubes market and is projected to grow at a higher CAGR between 2015 and 2020 than single walled carbon nanotubes. Decreasing prices and improved technical know-how among the end users are the major reasons responsible for the increasing demand of single walled carbon nanotubes. In countries such as India, China, and Brazil, improved acceptance for usage from the end users plays a key role in the rising demand for carbon nanotubes.
Price and availability of raw materials and production process are the key factors for carbon nanotubes manufacturers for determining the cost structure of their products.
The major restraints for the carbon nanotubes market is their high price and the high technical know needed for the usage in the end products. The manufacturing processes for carbon nanotubes are highly technical and involve hazardous processes such as Chemical Vapor Deposition (CVD).
Companies such as CNano Technology Ltd (U.S.), Nanocyl S.A. (Belgium), Showa Denko K.K. (Japan), and Hanwha Chemical Co. Ltd (Korea), among others are the leading companies having a strong foothold in the global market. These companies are expected to account for a significant market share in the coming future. Entering into related industries and targeting new markets will enable the carbon nanotubes manufacturers to have a diversified business portfolio and increase revenue generation, which will help overcome the effects of a volatile economy.
Other major manufacturers are Arkema S.A. (France), Arry International Group LTD. (China), Carbon Solutions Inc. (U.S.), Cheap Tubes Inc. (U.S.), CNT Company LTD. (Korea), Continental Carbon Company (U.S.), Hyperion Catalysis international Inc. (U.S.), KLEAN CARBON Inc. (Canada), Kumho Petrochemical Company LTD. (South Korea), Nano-C Inc (U.S.), NanoIntegris inc. (U.S.), NanoLab, Inc. (U.S.), Nanoshel LLC (U.S.), Nanothinx S.A. (Greece), SouthWest NanoTechnologies Inc. (U.S.), Thomas Swan & Co. Ltd. (U.K.), and Toray Industries, Inc. (Japan), among others.
Scope of the Report:
On the basis of type:
On the basis of application:
- Electronics & Semiconductors
- Chemical & Polymers
- Batteries & Capacitors
- Aerospace & Defense
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SOURCE Research and Markets