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Asia-Pacific shows remarkable growth potential & tremendous opportunity
The global carbon nanotubes market is emerging with a robust growth due to the increasing number of applications in composites, electronics & semiconductors, chemical & polymers, etc. There is a continuous need of innovations in the applications and products to help sustain against the different substitutes available in the market. Therefore, all major companies have created advanced application technology centers for R&D, worldwide.
The rising attention towards the protection of human health and environmental risks has promoted various government regulations, which have further resulted in increased consumption of CNTs in different industries of Asia-Pacific region. In order to achieve this hike, innovations are being undertaken to cater to the consumer needs as per their requirements.
The Asia-Pacific market has tremendous opportunities for CNTs and its applications. This region has emerged to be the driving factor for this market, contributing to more than one-third of the global production volume. Japan is the global market leader in the production of multi-walled CNTs due to the increasing demand of from electronics, chemical, and advance materials industries.
The other emerging economies such as China, South Korea, India, etc. are further lined up for the brighter future in this market. Hanwha Chemical Co. Ltd. headquartered at Seoul, Korea, aims to increase its presence in the Asian market particularly by increasing its application development capability and production infrastructure. After gaining market leader position in Japan, Showa Denko K.K. aims to increase its presence in China, Taiwan, Indonesia, Malaysia, and other regions of Asia-Pacific due to the growing demands from the end-user industries.
Through organic growth strategies like strategic collaborations and new product developments, the companies are opting to expand their CNTs business worldwide. The major companies operating in this market such as CNano Technology Ltd. (U.S.), SouthWest NanoTechnologies Inc. (U.S.), Unidym Inc. (U.S.), and others are engaged in bringing innovations in their products as well as enhancing their penetration in the Asia-Pacific CNTs market.
Carbon Nanotubes (CNTs) Market by Type (SWCNTS & MWCNTS), Application (Electronics & Semiconductors, Chemical & Polymers, Batteries & Capacitors, Energy, Medical, Composites, & Aerospace & Defense) & Geography - Global Trends & Forecasts To 2018
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