The global carbon nanotubes (CNT) market is growing at a significant rate, due to growing electronics industry, technological advancements, and high demand from current applications of CNT.
The increasing application areas with decrease in CNT prices and emerging economies are some of the factors providing ample growth opportunities for the global carbon nanotubes market.
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The importance of nanomaterial among the consumers is increasing, due to favorable regulatory support at domestic levels by the governments in Japan, the U.S., and countries of European Union. For enhancing the mechanical, electrical and thermal properties of bulk products, carbon nanotubes are used as composite fiber in polymers.
Among the various regions, Asia-Pacific led the market in 2014, and is also expected to maintain its dominance during the forecast period. This dominance is due to growing polymer industry in China and India.
Among the products, the multi walled carbon nanotubes segment led the global market in 2014, due to high tensile strength of multi walled carbon nanotubes, in comparison to single walled carbon nanotubes.
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Some of the competitors in the global carbon nanotubes market are Hanwha Chemical Corporation, Nanocyl SA, Carbon Solutions Inc., Nanothinx S.A., Hyperion Catalysis International Inc., Cnano Technology Limited, SouthWest NanoTechnologies Inc., and Thomas Swan & Co. Ltd.
Global Carbon Nanotubes (CNT) Market Segmentation
By Product
- Single Walled CNT
- Multi Walled CNT
By Geography
- North America
- The U.S.
- Europe
- Germany
- Asia-Pacific
- China
- Japan
- Rest of the World
- Brazil
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