Global Revenues from Carbon Nanotube Market to Reach 22%
According to a new technical market research report, “Global Markets and Technologies for Carbon Nanotubes” from BCC Research, global revenues from carbon nanotube (CNT) production totaled $192 million in 2011. The market is projected to reach $238.9 million in 2012 and $527 million in 2016, a five-year compound annual growth rate (CAGR) of 22.4%.
The CNT market can be split into three segments based on grade: multi-wall, few-wall, and single-wall. The multi-wall segment was valued at $189 million in 2011 and is expected to account for $292 million in 2016, a CAGR of 9.1%. The few-wall segment, worth only $1.8 million in 2011, is expected to be worth $120 million in 2016, a CAGR of 131.6%. The single-wall segment was valued at $1.2 million in 2011, but by 2016 should be worth $115 million, another high CAGR at 149.1%.
Until recently, CNTs were available only in limited quantities at exorbitant prices, and only really catering to the research community. Today, large-scale quantities are becoming available at annual production capacities—kilograms, tons, and even thousands of tons, depending on the grade. Correspondingly, unit costs have plummeted and, with the promise of market breakthroughs, are expected to decline further within the next five years.
For additional information, visit www.bccresearch.com.