therapies such as cancer, hyperthermia, gene therapy, tissue regeneration, and artificial implants is
drastically driving growth of the carbon nanotube market. Its superior mechanical & transport
properties are the major factors for growth of the carbon nanotubes market.
Financial backing from government bodies to boost market growth in Asia Pacific
Europe is expected to hold the largest market share, owing to high incidence of cancer in the region.
According to the research published by National Centre of Biotechnology Information in Europe in
2012, 29,300 cancer cases were registered every year and carbon nanotubes proved an effective
diagnostics in curing the major types of cancer. Increasing government investments in research and
development in the field of nanotechnology integrated with healthcare is driving growth of the
carbon nanotubes market. According to the news published in Electronic Engineering Times in
2017, Lux forecast states that, China will increase its global capacity for nanotubes by 30-50%,
adding 500 tons every year. The reason for rapid expansion in China is the government funding for
nanomaterials production, which is around US$ 2 billion. This is expected to position Asia Pacific
as a major powerhouse in the global carbon nanotube market. Growth is further expected to be
augmented by increasing demand for CNTs in applications such as tumor targeting, drug delivery,
chemotherapy, and radiation therapy in the region.
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nanotubes-market-469
The use of carbon nanotube scaffolds in tissue engineering represent a promising carbon
nanotube market
Key players operating the carbon nanotubes market include CNano Technology Limited, Hanwha
Nanotech Corporation, Kumho Petrochemical Company Ltd. Scaffold designing and fabrication are
major areas of biomaterial synthesis, which have increased the demand for carbon nanotubes, in
turn boosting market growth. Other prominent participants include Showa Denko, Carbon
Solutions, Future Carbon GmbH, and Continental Carbon Nanotechnologies Inc.
Advent of multi-wall carbon nanotubes fueling market growth
On the basis of product type, the carbon nanotubes market is segmented into:
•Single wall carbon nanotubes
•Multi wall carbon nanotubes
On the basis of application, the carbon nanotubes market is segmented into:
•Targeted drug delivery
•Tissue engineering
•Gene therapy
•Cancer therapy
On the basis of end user, the carbon nanotubes market is segmented into:
•Hospitals
•Clinics
•Others
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