Carbon Nanotubes Market - Future Demand and Growth Analysis with Forecast 2023

By the end of 2016, the overall volume of carbon nanotubes is expected to reach 3.2 mn tons. This is expected to be the largest volume consumed by any of the major regions. Asia Pacific also shows the leading growth rate for carbon nanotube consumption and revenue till 2023.Carbon nanotube demand in Asia Pacific is expected to receive a massive boost through an accelerated increase in demand from nations of India, Japan, South Korea, Taiwan, and China, in the industries of electronics and electrical components. The Asia Pacific polymers industry has found a large scope of use for carbon nanotubes, making it the largest application segment between 2015 and 2023.

There is a major disparity in demand for single-wall and multi-wall carbon nanotubes, which arises due to the scope of use of each product type and the properties that they enhance. Multi-wall carbon nanotubes possess enhanced thermal conductivity and mechanical strength, allowing it to gain high demand from the manufacturers of super-capacitors, batteries, construction materials, and coatings.Current uses of carbon nanotubes lie in the strengthening of material used for mechanical or protective functions. Carbon nanotube-based films are rapidly replacing indium tin oxide coatings as the optimum top layer for touchscreens as the former is superior in strength and thermal stress endurance. The high mechanical strength and lower weight of wind turbine blades that include carbon nanotubes is creating a major scope in the renewables sector.

Browse Market Research Report @ http://www.transparencymarketresearch.com/carbon-nano-tubes-market.html

Additionally, most key players are investing a lot into research and development efforts while simultaneously expanding production capacities. This is complemented by the growing demand for carbon nanotubes across major industry verticals owing to steady price reduction and increasing scope of applications. Carbon nanotubes are cylindrical allotropes of carbon formed by bonding carbon atoms to each other and ‘curving’ the bonds at predetermined and carefully achieved chiral angles. Carbon nanotubes can thus be called, allowing for some technical approximation, a rolled up form of graphene, which is a nearly two-dimensional sheet of carbon atoms comprised of a single layer of carbon atoms. The radius of carbon nanotubes, which also determines the number of carbon atoms present in the walls of the tube, thus determines the properties of carbon nanotubes. Single carbon nanotubes can be bunched together into larger ‘ropes,’ which allows for their usage in a wide variety of applications.

The major application of carbon nanotubes is in polymers, where their high tensile strength and lightness make them highly useful, and electrical and electronics, where their favorable electrical properties come into play. The polymers application segment emerged as the largest in the global carbon nanotubes market in 2014. The medical devices, optics, and chemical industries are the other major users of carbon nanotubes. The usage of carbon nanotubes in the aerospace industry is also increasing due to their high performance with respect to their weight. Of the two types of carbon nanotubes in the global market, multi-wall carbon nanotubes are preferred over the single-wall variant. Multi-wall carbon nanotubes have higher electrical and thermal conductance than single-wall nanotubes and are also much stronger. This has resulted in multi-wall carbon nanotubes taking up a dominant 90% of the global carbon nanotubes market in 2014.

Fill the form for an exclusive sample of this report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=239

The rising awareness about the widespread applicability of carbon nanotubes is the major factor fueling the global carbon nanotubes market. Even though the cost of carbon nanotube development and production is quite high at present, the immense benefits of using them in crucial applications are expected to eventually outweigh the financial restraints on the industry.

The report also profiles the competitive landscape of the global carbon nanotubes market for the benefit of readers, examining the market operations of key players such as Arkema SA, CNT Co. Ltd., Raymor Industries, Inc., Nanothinx S.A., Continental Carbon Nanotechnologies, Nano-C Inc., and Southwest Nanotechnologies, Inc.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights for decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us:-

Transparency Market Research

90 State Street, Suite 700, Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com/

Visit Blog: http://marketresearchreports2017.blogspot.in

This release was published on openPR.