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Home > News > World Nanotube Demand To Exceed $200 Million In 2009

February 23rd, 2006

World Nanotube Demand To Exceed $200 Million In 2009

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 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, several issues, including high costs, inadequate purity levels, and insufficient product yields in manufacturing, still must be addressed. As these issues are resolved, growth in global nanotube demand is expected to accelerate and surpass $9 billion by 2020.


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