Carbon Nanotube Market to Grow 56% Through 2014
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A new report released by MarketResearch.com, Rockville, Md., USA, reveals that the global carbon nanotube market is expected to grow at a CAGR of 56.5% over the period 2010-2014. The report, Global Carbon Nanotube Market 2010-2014," which covers the Asia Pacific region as well as the Americas and Europe, indicates that the market is being driven by the increased demand from the Aerospace and Defense industries.
According to an industry analyst, "being one of the strongest known materials, carbon nanotubes improve the strength of many materials used in various applications including Aerospace. In the area of defense, carbon nanotube fibers are being used in the advancement of composite armor systems for vehicles and body armors. These applications in the Aerospace and Defense industry have had a positive impact on market growth."
The report also highlights that high production costs could hinder the growth of this market. However, the emergence of several research initiatives in this field is expected to boost market growth. This market is also marked by a substantial decline in prices of these tubes.
Global Carbon Nanotube Market 2010-2014 examines the key trends, drivers, and challenges impacting the evolution of this market. Key questions answered in this report include:
- What will the market size be in 2014 and at what rate will it grow?
- What are key trends is this market subject to?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the opportunities and threats faced by each of these key vendors?
- What are the strengths and weaknesses of each of these key vendors?
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