Majorly used nanotubes are carbon nanotubes, silicon nanotube, boron nitride nanotube, DNA nanotube and membrane nanotube. At present the carbon nanotubes account for about 28% market share of the total nanomaterial market. The market of the carbon nanotubes is expected to grow at a compound annual growth rate of 16% in the next 3-4 years.
The major applications of carbon nanotubes are in microelectronics, solar cells, electronic components and loud speakers. . The global production of carbon nanotubes in 2014 was around 7000 million tonnes.
The commercial production of boron nitride nanotubes was about 100gms in 2013, of late boron nitride nanotubes production is being commercialized. A startup-BNNT, with their license from Berkely Laboratory and Tenka Holdings Canada, with an exclusive agreement with National Research Coulcil of Canada have decided to commercially manufacture boron nitride nanotubes on large scale. These nanotubes are used in aerospace, biomedical, automotive and defence & security.
Silicon Nanotubes heve found their application in li-ion battery, by which the li-ion capacity can be increased by 10 times. Inorganic polymers can be used in bone tissue engineering applications. Member nanotubes have found potential application in various fields like food safety, environmental pollution control, health and fuel cell.
North America is the largest producer of nanotubes. Asia pacific is the fastest growing nanotubes market, with China leading it. Increasing investments in the research and growing number of patents is the major driver for the market. Asia-Pacific has the largest installed capacity of CNTs mainly due to the significant presence of electrical & electronics market, which is dominated by Japan, South Korea, Taiwan, China and Singapore.
Some of the key vendors of the nanotubes are CNano technology, Nanocyl, Showa Denko, Arkema, Bayer material science, carbon solutions, carbon NT&F, catalyx nanotech, CNT, first Nano, BNNT, tenka and American elements.
The Major driver for this market is the increasing research and growing patents year by year. Moreover emerging applications of nanotubes in electronics, solar cells and li-ion batteries. Newer methods of producing these on large scale at lower costs is also driving nanotubes market.
The major challenge this market is facing is with the mass production of nanotubes. Moreover acquiring patents for the production of nanotubes is difficult. There is a baseline for the production of nanotubes based on safety regulations, hence the productivity is less.
WHAT THIS REPORT CONTAINS:-
Lastly, the report is divided by geography - North America, Europe, the Asia-Pacific (APAC), South America and Middle-East & Africa (MEA); where-in the market share of each region is analyzed and estimates are provided for the next 6 years. The various types and applications of nanotubes have been discussed in detail in addition to a comprehensive overview of the market.
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