According to a market research report titled ‘Global Carbon Nanotube Market 2010-2014’ available from MarketResearch.com, the estimated CAGR of worldwide carbon nanotube market will be 56.5% for the period between 2010 and 2014.
The report, which includes the markets of Europe, the Americas and Asia Pacific, signifies that demand from the aerospace and defense segment is the driver of the global carbon nanotube market. It is based on the insights of vendors, industry experts and consumers. It analyzes the major trends, growth factors and challenges affecting the development of this market.
The comprehensive carbon nanotube report also features the profiles and SWOT analyses of major vendors, including Arkema, CNano, Nanocyl and Bayer MaterialScience. The report also emphasizes that high manufacturing cost is a key barrier to the market growth. However, the initiation of numerous research programs in this field will enable the market to grow. The costs of the carbon nanotubes were also decreased considerably. These are some of the key findings of the report that will make companies to thoroughly understand the market potential and design their own strategies.
An industry analyst stated that carbon nanotubes, which are known for their strength, enhance the strength and toughness of most of the materials utilized in several industries including defense and aerospace. In the defense field, carbon nanotube fibers are utilized in the development of composite armor systems for body armors and vehicles, an analyst added.
Source: http://www.marketresearch.com