Frost & Sullivan: Study about Carbon Nanotubes
Carbon nanotubes are the most popular and recognizable elements of present nanotechnology. According to Frost & Sullivan, London, England, scientists and researchers now are discovering that carbon nanotubes could be more affordable and useful to many industrial areas, including flame retardant materials market.
The global flame retardant chemicals market is valued at just under USD 3 billion, with demand for non-flammable products ever growing. The compound annual growth rate of this market is estimated at 4% to 5% for the total market up to 2015. There will be stable demand in established markets such as North America and Europe. As of 2006, the North American market was valued at USD 780 million, and the European market was valued at USD 762 million. Based on their analysis, Frost & Sullivan believe there are growing market opportunities for carbon nanotubes application as a flame retardant material.
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