Analysis: Carbon nanotube market to grow 98% per year

25 September 2004 15:00  [Source: ICIS news]

LONDON (CNI)--The global carbon nanotube (CNT) market is set to grow explosively at a compound annual rate of 98%, reaching sales of $540m (Euro444m) by 2007, according to market consultancy Frost & Sullivan (F&S).


“There are immense opportunities ahead for CNTs in the semiconductor industry,” says F&S in an overview of the market.


Advantages of CNTs include miniature size and fast, ballistic electronic conductance and thermal stability.


The consultants also suggest that CNTs are being considered as potential replacements for existing memory technologies such as static random access memory (SRAM).


The sensor field represents another potential area of application. Nanosensors have distinct advantages that include mechanical robustness, higher resolution, high sensitivity and low power consumption.


One of the more commercially feasible opportunities for nanotubes already in vogue is as an additive in the anode of lithium-ion batteries, the consultants note. Carbon nanotube-based batteries have opportunities in applications that require longer life time, ability to be recycled and improved energy delivery, say F&S.


But looking at long term opportunities, fuel cell applications hold potential for CNT, the consultants said, although commercial products in this area are not expected for five to seven years.

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