A latest report available at 24 Market Reports, on “Global and Regional Single-wall Carbon Nanotube Industry”, throws light on the production, sales and consumption status of Carbon Nanotubes for the projected years 2017-20122.
Recently, progression has been made in manufacturing and functionalizing carbon nanotubes, in order to have control of bulk and surface properties. These advancements have led to a hike in growth rate of Carbon Nanotube market with an estimated growth of USD 3.41 Billion in 2016 to USD 8.72 Billion by 2022, at a CAGR of 17.1%, a recent report claims.
Due to the increasing demand of Carbon Nanotubes in energy, automotive, electronics & electricals, and other industries, the Asia-Pacific region has become the most alluring region, attracting investments in Carbon Nanotubes market. Continuous efforts for enhancing the usability of Carbon Nanotubes has enabled the scientists to make them hundred times lighter than steel, idealizing them for use in electronics and automobile applications like transistors and touchscreens.
Market drivers, specific hurdles, opportunities, and current market challenges, impacting the growth of the carbon nanotubes market are some of the major areas that this report focuses on. Browse our reports to get an insight into current market trends and future growth potential of Carbon Nanotubes industry.
Source : 24 Market Reports