Key drivers in the global carbon nanotubes industry include the potential of carbon nanotubes to replace other materials
Global Carbon Nanotubes Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-21 17:57:03
The Global Carbon Nanotubes market to grow at a CAGR of 11.53 percent over the period 2014-2018. One of the key factors contributing to this market growth is the potential of carbon nanotubes to replace other materials. The Global Carbon Nanotubes market has also been witnessing the increase in production capacities by various vendors. However, the high cost of production of carbon nanotubes could pose a challenge to the growth of this market.
The increasing production capacity of vendors is a major trend being witnessed in the Global Carbon Nanotubes market at present. Owing to the growing demand for carbon nanotubes in the Consumer Goods, Electrical and Electronics, Energy, Healthcare, Automobile, Aerospace, and Defense sectors, many major vendors of carbon nanotubes are investing heavily in new production facilities to tap the surge in demand. Moreover, vendors are increasingly adopting new production technologies to diversify their production capabilities.
One of the key drivers in the market is the fact that carbon nanotubes can replace other materials in a wide variety of applications. This is mainly because of their positive features, for instance, their excellent mechanical strength and their thermal and electrical conduction properties.
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