Carbon Nanotubes Market Trends

Growth Drivers

• Rising Expansion of Aerospace Industry – With the growth of the aerospace industry, the need for manufacturing more aircraft is also rising. The engineers of MIT have introduced faster manufacturing of aerospace-grade composites by using carbon nanotubes. This process eliminated the need for huge ovens and autoclaves and also minimizes the time for production, boosting the carbon nanotubes market revenue.
• Growing Need for Boosting the Fuel Efficiency in Vehicles – Carbon nanotubes are specifically employed in the fuel component system of vehicles to enhance their performance. Along with the improved efficiency of fuel cells, carbon nanotubes also act as a catalyst by replacing the need for precious metals in the fuel cell.
• Increasing Demand for Electronics and Electrical Sector – Carbon nanotubes have great electrical conductivity, thus making them ideal for electronic applications. They find applications in making thin-film display devices and their nanosensors. There are also known as coveted materials for manufacturing new and advanced electronic devices.

Challenges

• Negative Impact on Human Health and on Environment – Carbon nanotubes, as colloids, might enter easily into the environment via water. In the meantime, it has been demonstrated that the tubes can pierce cell barriers and hence permeate animal or human cells. Also, carbon nanotube is fibrous in nature, they can easily be inhaled by humans and affects the pulmonary system, causing as severe as lung cancer.
• Production is slowed by environmentally friendly technology
• Expensive preparation conducive conditions for the CNT