The Carbon Nanotubes in the Global Electronics market is to grow at a CAGR of 9.7 percent over the period 2012-2016. One of the key factors contributing to this market growth is the potential of carbon nano tubes to replace other materials in the Electronics market. The Global Carbon Nanotubes in Electronics market has also been witnessing the increasing versatility in the usage of carbon nano tubes. However, the high cost of production could pose a challenge to the growth of this market.
Increased investment in the Research and Development of CNTs is a significant trend observed in the CNTs in the Global Electronics market. For instance, Research and Development of Carbon Nanotubes S.A., also called Nanothinx-NTX, and Innovation Alliance Carbon Nanotubes (Inno.CNT) are engaged in R&D on CNTs. Inno.CNT has a network of more than 80 renowned partners from R&D as well as from industry that was formed to increase the economic potential of CNTs and to drive the development of CNTs. The company undertakes projects focusing on the application of CNTs in the fields of energy and environment, mobility, lightweight construction, and electronics. Such research initiatives help increase the awareness of the various applications of CNTs, and they will thus create a market demand for such products.
The price of CNTs has declined in recent years. In 2008, the price of CNTs was in the range of US$80-100 per kg. In 2009, it reduced to US$45-70 per kg and in 2010, it decreased again to US$35-50 per kg. As a result of the increased production of CNTs by several vendors, the price is expected to decline further. This trend of the decline in the price of CNTs is expected to increase the use of these devices in various applications. This is one of the significant factors driving the growth of the CNTs in the Global Electronics market.
The key vendors dominating this market space are Arkema Inc., Bayer MaterialScience AG, CNano Technology Ltd., Nanocyl SA, and Showa Denko K.K.
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