Latest industry research report on a carbon nanotube (CNT) is an allotrope of carbon with cylindrical nanostructure, and it contains a large group of thin hollow fibrous nanomaterial possessing different physiochemical properties. CNT have attributes such as electrical, optical, and thermal conductivity; tensile strength; and chemical reactivity, and thus have a wide array of applications in industries such as aerospace & defense, automotive, construction, electricals & electronics, life science & healthcare, personal care, and others. These properties and applications of CNT depend on its type and the quality of materials used. Major factors driving the demand for CNT are its properties such as high tensile strength, electrical conductivity, current carrying capacity, and gas & energy storage capacity.
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However, high manufacturing cost and lower commercial penetration in various applications restrict the industry. Carbon nanotube is an intense R&D-based industry, and significant efforts are going on to reduce cost and improve performance so as to expand its penetration in various end-user industries.
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