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North America Carbon Nanotubes Market Forecast 2019-2028

The North America carbon nanotubes market is predicted to register a CAGR of 14.28% during the forecast period, 2019-2028. The wide range of commercialized applications of CNTs, increased R&D activities, and industry collaborations, along with a developed venture capital market, are the factors estimated to drive the market growth.

The North America carbon nanotubes market growth is evaluated on the basis of the analysis of Canada and the United States. Canada houses significantly growing aerospace and defense sectors. The country ranks third in the world, when it comes to civil aircraft production. It also ranks third in helicopter production and second in business aircraft production in the world. The aerospace manufacturing R&D is considered the best among all manufacturing activities. Further, the consumer electronics industry in the country is witnessing steady growth, and are prioritizing innovations. One of the key factors attributed to its growth is enhanced network connectivity. Such factors are set to augment the consumption of nanotubes in the country.
The manufacture of solar photovoltaic is witnessing steady progress in response to the ‘Roadmap 2020.' The Canadian solar allocated around $400 million in capital expenditures in 2016, for increasing in-house water, module production, and cell capacity. Such aspects are projected to increase the demand for carbon nanotubes in the country.

The market has the presence of several leading players. Some of them include, Nanolab Inc, Nano-C, Nanocyl SA, Nanoshel Llc, Ocsial, etc.

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North America Carbon Nanotubes Market Forecast 2019-2028
Published By :Inkwood Research
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