Carbon nanotubes are an evident diversification from traditionally used materials. Manufacturers across the world are compelled to develop sustainable materials that can address the escalating cost of energy.
CNTs answer the complex questions regarding sustainability not only at present but also in the near future. The carbon nanotubes report is a detailed market intelligence study on current and emerging applications of CNTs. It aims to estimate the market for each of the different type and applications of CNTs till 2018, both in the volume and revenue.
The report provides premium content on the various market segments of CNTs, market dynamics, trends, and global outlook. The report analyses the value chain of CNTs. It helps the reader to get a better understanding of the multi-staged flow of raw materials to the finished product through the various distribution channels and for the diverse end use industries. The reader can also learn about the various key factors that are expected to drive the market, important opportunities and issues that may restrain the market. Prevailing market entry factors are analyzed through Porter's five force model.
The report categorizes CNTs into seven different applications segments. These are electronics & semiconductors, chemical & polymers, batteries & capacitors, energy, medical, composites, and aerospace & defense. The global CNTs market's revenue was estimated to be worth $926.3 million in 2012, which is expected to reach $2,398.4 million by 2018, growing at a CAGR of 15.5% from 2013 to 2018. The Asia-Pacific region dominated the global CNTs market, bestowing 42.1% of the total revenue in 2012.
The key market players concentrated on new product launches that was observed to be the predominant strategic initiative. Following the dominant strategy helped expand their geographical reach for success and increased production capacities. The market witnessed expansions, agreements & collaborations, mergers & acquisitions that target the developing economies. The CNTs market focuses on high research activities to improve the adaptability of the foams to use them in a variety of applications in end-user industries. Disappointing results, environmental regulations, and high prices are some of the major challenges faced by the CNTs market.