LONDON, June 28, 2017 /PRNewswire/ -- KEY FINDINGS
The Europe carbon nanotube market worth was $348 million in 2016 and is expected to reach $1770 million by 2024 with a growth in CAGR of 22.94%. The potential to replace fragile & expensive material like indium-in-coated films, multiple applications across several sectors, and added advantages due to physical properties of the CNTs are propelling the European carbon nanotube market.
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MARKET INSIGHTS
The market is segmented on the basis of the product i.e. MWCNT and SWCNT. The properties of SWCNT are superior to MWCNT and it is less expensive to manufacture. Therefore, in the near future, the growth rate of SWCNT is predicted to be more than MWCNT. According to the end-user, the market is divided into four segments viz. electronics, automotive, aerospace /defence, and others with the electronic segment contributing the largest revenue. In terms of application sector, the aerospace and defense is the fastest growing sector of CNT market.
COMPETITIVE INSIGHTS
The key players in the market include Future Carbon Gmbh, Hanwha Nanotech Corporation, Raymor Industries Inc, Arry International Group Limited, Nanothinx Sa, Showa Denko K.K., Andgrafen Chemical Industries Limited, , Carbon Solutions, Nanoshel Llc, Korea Kumho Petrochemical Company Ltd,Cheap Tubes Inc, , Hyperion Catalysis International Inc and Cnano Technology Limited.
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