Carbon Nanotubes (CNT) - Evolution and Opportunities Estimated By Emerging Players CNano Technology Limited, Hanwha Nanotech Corporation, Kumho Petrochemical Company Ltd., Scaffold designing and fabrication
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Increasing healthcare applications to boost market growth
According to a study conducted by The University of Cambridge, in 2016, the global CNT production capacity has increased tenfold over the last 5 years due to exponential rise in demand for carbon nanotubes across various industries such as electronics, semiconductors, chemical & polymers, advanced materials, and batteries & capacitors is driving growth of the carbon nanotubes market. Furthermore, increasing incorporation of carbon nanotubes in the healthcare sector for therapies such as cancer, hyperthermia, gene therapy, tissue regeneration, and artificial implants is drastically driving growth of the carbon nanotube market. Its superior mechanical & transport properties are the major factors for growth of the carbon nanotubes market.
Financial backing from government bodies to boost market growth in Asia Pacific
Europe is expected to hold the largest market share, owing to high incidence of cancer in the region. According to the research published by National Centre of Biotechnology Information in Europe in 2012, 29,300 cancer cases were registered every year and carbon nanotubes proved an effective diagnostics in curing the major types of cancer. Increasing government investments in research and development in the field of nanotechnology integrated with healthcare is driving growth of the carbon nanotubes market.
The use of carbon nanotube scaffolds in tissue engineering represent a promising carbon nanotube market
Key players operating the carbon nanotubes market include CNano Technology Limited, Hanwha Nanotech Corporation, Kumho Petrochemical Company Ltd. Scaffold designing and fabrication are major areas of biomaterial synthesis, which have increased the demand for carbon nanotubes, in turn boosting market growth. Other prominent participants include Showa Denko, Carbon Solutions, Future Carbon GmbH, and Continental Carbon Nanotechnologies Inc.
Advent of multi-wall carbon nanotubes fueling market growth
On the basis of product type, the carbon nanotubes market is segmented into:
Single wall carbon nanotubes
Multi wall carbon nanotubes
On the basis of application, the carbon nanotubes market is segmented into:
Targeted drug delivery
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