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World nanotube demand to exceed $200 million in 2009Posted on February 02, 2006
After more than a decade of promise and speculation created by their unique
properties, nanotubes are establishing a presence beyond university laboratories
and corporate research and development (R&D) centers. Current commercial
applications include motor vehicle fuel system components and specialized sports
equipment. In the short term, world demand for nanotubes is expected to expand
rapidly from this small base to more than $200 million in 2009. However, a number of
issues, including high costs, inadequate purity levels, and insufficient product yields in
manufacturing, still need to be addressed. As these issues are resolved, growth in
global nanotube demand is expected to accelerate and surpass $9 billion by 2020.
These and other trends are presented in World Nanotubes, a new study from The
Freedonia Group, Inc., a Cleveland-based industry market research firm.
Copyright © The Freedonia Group
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