Global Carbon Nanotubes (CNT) Market is expected to reach USD 3.42 billion by 2022, according to a new study by Grand View Research, Inc. Increasing application scope of CNT in end-use industries including polymers, electronics, energy, marine, aerospace and automotives is anticipated to drive market growth over the forecast period. Government of China, Japan, U.S. and India have increased funding aimed at promoting nanotechnology at domestic level which is expected to open new avenues for CNT market over the next seven years. Polymers were the largest application segment, accounting for over 60% of global CNT market volume in 2014. CNT are increasingly being fortified in polymers such as composites and plastic derivatives for improving electrical, thermal and mechanical strength of the end product. Growing application of polymers in construction, automotive and consumer goods industry is anticipated to have a positive impact on CNT market over the forecast period.
http://www.grandviewresearch.com/industry-analysis/carbon-nanotubes-cnt-market
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