Nanotechnology Now

Our NanoNews Digest Sponsors
Heifer International



Home > Press > World nanotube demand to exceed $200 million in 2009

Abstract:
A number of issues, including high costs, inadequate purity levels, and insufficient product yields in
manufacturing, still need to be addressed

World nanotube demand to exceed $200 million in 2009

Posted 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.

Electronics applications will offer the earliest significant commercial outlet for nanotubes, and will remain the largest market for the foreseeable future. Nanotubes can be used in a multitude of electronics applications, including interconnects, displays, memory, storage and others. Flat panel displays for both computers and televisions are expected to be the first widely commercialized application. Over the long term, a number of even more ambitious applications should emerge. Nanotubes’ conductive properties could enable them to supplant conventional semiconductor materials in a broad range of applications. Although such a shift is at least a decade (or more) away, in the interim nanotubes will be used to augment and improve silicon-based technologies by allowing for more powerful semiconductors with smaller features.

The US will remain the largest national market for nanotubes, due to its diverse, technologically advanced economy and leading position in nearly every projected major outlet for nanotubes, including high-end electronics, pharmaceuticals, motor vehicles, aerospace and defense equipment, and construction materials. However, the US is projected to account for a smaller share of nanotube demand than for nanomaterials overall, due to the importance of the electronics market, which is dominated by Asia. Japan is a smaller nanotube market than the US, but is projected to be larger than any other nation, and is also the leading investor in R&D on a per capita basis. Many of the EU member states, as well as South Korea and Taiwan, have substantial R&D programs, typically involving government funding and participation by the private sector and academia. A number of developing nations, most notably China, will become increasingly important, as high-end electronics production shifts to these regions.

World Nanotubes (published 01/2006, 252 pages) is available for $4,800 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH 44143-2326.

For further details, please contact Corinne Gangloff by phone 440.684.9600, fax 440.646.0484 or e-mail pr@freedoniagroup.com. Information may also be obtained through www.freedoniagroup.com.

####
Contact:
Corinne Gangloff
440.684.9600
fax 440.646.0484
pr@freedoniagroup.com

Copyright © The Freedonia Group

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Nanotubes/Buckyballs/Fullerenes/Nanorods/Nanostrings

Catalytic combo converts CO2 to solid carbon nanofibers: Tandem electrocatalytic-thermocatalytic conversion could help offset emissions of potent greenhouse gas by locking carbon away in a useful material January 12th, 2024

TU Delft researchers discover new ultra strong material for microchip sensors: A material that doesn't just rival the strength of diamonds and graphene, but boasts a yield strength 10 times greater than Kevlar, renowned for its use in bulletproof vests November 3rd, 2023

Tests find no free-standing nanotubes released from tire tread wear September 8th, 2023

Detection of bacteria and viruses with fluorescent nanotubes July 21st, 2023

Announcements

Giving batteries a longer life with the Advanced Photon Source: New research uncovers a hydrogen-centered mechanism that triggers degradation in the lithium-ion batteries that power electric vehicles September 13th, 2024

NYU Abu Dhabi researchers develop novel covalent organic frameworks for precise cancer treatment delivery: NYU Abu Dhabi researchers develop novel covalent organic frameworks for precise cancer treatment delivery September 13th, 2024

New discovery aims to improve the design of microelectronic devices September 13th, 2024

New method in the fight against forever chemicals September 13th, 2024

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project