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ph777 jili BCC Research analyst states that carbon nanotubes are transforming industries with their superior strength, conductivity, and thermal stability BOSTON , Nov. 27, 2024 /PRNewswire/ -- Boston : "According to the latest study from BCC Research " Global Markets and Technologies for Carbon Nanotubes, " demand for these products is projected to grow from $2.3 billion in 2024 to $5.9 billion by 2029, at a compound annual growth rate (CAGR) of 20.6% from 2024 through 2029." In this report, the global market for carbon nanotubes is analyzed, focusing on single-walled and multi-walled types. Technologies such as chemical vapor deposition and arc discharge as well as high-pressure carbon monoxide and laser ablation are examined, including their use in the transportation, energy storage, electronics, semiconductors, chemicals, materials, polymers, and medical applications industries. Regional analysis covers North America , Europe , Asia-Pacific , South America , and the Middle East and Africa . With a base year of 2023 and forecasts through 2029, the market size estimates reflect revenues generated by companies using industrial-scale carbon nanotube technologies. As renewable energy is increasingly integrated into global systems, carbon nanotubes offer significant advantages in energy storage and conversion, particularly by enhancing lithium-ion batteries with improved conductivity and structural integrity, ensuring greater resilience during charge/discharge cycles. In healthcare, the rising need for smart drug delivery, particularly in North America and Europe , positions carbon nanotubes as effective drug vectors that target specific body areas while minimizing interaction with healthy tissues. Additionally, carbon nanotubes are increasingly being used in the design and fabrication of smaller, high-performance consumer electronics, such as smartphones, transistors and wearable devices. Please click here for more details on the report on the global market for carbon nanotubes. The factors driving the global market for carbon nanotubes include: Advances in the Medical Sector: Carbon nanotubes are enhancing drug delivery by targeting specific cells, improving treatment effectiveness, and reducing side effects. They are also integrated into biosensors for early disease detection and are used in cancer treatment to target and destroy cancer cells precisely, minimizing damage to healthy tissues. Demand in Electronics and Semiconductors: Carbon nanotubes are increasingly being integrated into transistors, potentially surpassing silicon in speed and efficiency, and are used in sensors to enhance performance in advanced electronics. Integration in Energy Storage and Conversion: Carbon nanotubes improve energy density and extend the life of lithium-ion batteries, enhance the efficiency of fuel cells, and increase the effectiveness of solar cells in converting sunlight to electricity. Use in EVs: The EV industry uses carbon nanotubes to develop lightweight, strong materials for better energy efficiency. They also enhance EV battery performance, leading to longer ranges and quicker charging, and are used in conductive composites to improve vehicle safety and functionality. Request a sample copy of the global market for carbon nanotubes report . Report Synopsis Report Metric Details Base year considered 2023 Forecast period considered 2024-2029 Base year market size $2.0 billion Market size forecast $5.9 billion Growth rate CAGR of 20.6% from 2024 to 2029 Segments covered Type, Technology, End User, and Region Regions covered North America, Europe, Asia-Pacific, South America, and the Middle East and Africa (MEA) Countries covered U.S., Canada, Mexico, Brazil, Argentina, Chile, China, Japan, India, South Korea, Germany, U.K., France, Italy, Spain, Saudi Arabia, UAE and South Africa Market drivers • Advances in the medical sector • Increasing use in the electronics and semiconductors industry • Integration of carbon nanotubes in energy storage and conversion • Growing use in EVs Interesting facts about the global market for carbon nanotubes: • Carbon nanotubes have transformed the pharmaceutical industry with their ability to penetrate cell membranes, making them ideal for targeted drug delivery. • Carbon nanotubes may replace silicon in electronics due to superior conductivity, enhancing silicon anodes in Li-ion batteries for longer cycles. • Carbon nanotubes are key in developing smart textiles with electrical conductivity, flame retardance, and durability, paving the way for wearable electronics and heated garments. • Carbon nanotube manufacturers are exploring eco-friendly production methods using bioethanol and plant-based oils to align with sustainability goals. The report addresses the following questions: 1. What are the projections for the market? • The global market for carbon nanotubes is projected to grow from $2.0 billion in 2023 to $5.9 billion in 2029 at a compound annual growth rate (CAGR) of 20.6% during the forecast period. 2. Which factors are driving the growth of the market? • These factors include: o Advances in the medical sector. o Demand from the electronics and semiconductors industry. o Integration of Carbon nanotubes in energy storage and conversion systems. o Use in EVs. 3. Which market segments are covered in the report? • The global market for carbon nanotubes is segmented by type, technology, end-user and region. Types, include single and multi-walled carbon nanotubes. Technologies include chemical vapor deposition, arc discharge, high-pressure carbon monoxide, laser ablation and others (electrolysis, ball milling, diffusion flame synthesis, etc.). End users include the transportation, energy and storage, electronics and semiconductors, chemicals, materials, polymers, medical, sports equipment, construction and textile sectors. Regions covered are North America , Europe , Asia-Pacific , South America , and the Middle East and Africa . 4. Which technology segment will dominate the market by the end of 2029? • The chemical vapor deposition segment, which is one of the most widely used and versatile methods for synthesizing Carbon nanotubes, will maintain its dominance through 2029. It relies on the thermal decomposition of a carbon-containing gas, which deposits carbon atoms on a catalyst surface. Recent advances in the catalyst design have significantly improved the quality, scalability, and control over the growth process for carbon nanotube synthesis. 5. Which region has the largest share of the global market? • Asia-Pacific's largest market share is driven by a combination of economic factors, industrial applications, and a focus on innovation and sustainability. Rising demand for renewable energy, use of EVs, and supportive government initiatives will increase the potential market for c arbon nanotubes. Leading companies in the market include: • Anp Corp. • Arkema • Birla Carbon • Cabot Corp. • Canatu • Chasm • Jiangsu Cnano Technology Co. Ltd. • Kumho Petrochemical • Lg Chem • Nano-C • Nanografi Nano Technology • Novarials Corp. • Ocsial • Raymor Industries Inc. • Thomas Swan & Co. Ltd. More Related Reports: Global Markets and Technologies for Nanofibers : This report provides an analysis of the global market for nanofiber technologies, with forecasts through 2028. It covers key material types—polymers, hybrids, synthetics, naturals, carbons, metals, alloys, ceramics, glasses, composites, and semiconductors—and their applications in the life sciences, energy, electronics, consumer goods and transportation sectors. The study also offers regional market breakdowns for North America , Europe , Asia-Pacific , and the Rest of the World, focusing on commercially viable nanofiber materials and applications expected to be significant by 2028. Nanomaterials in Personalized Medicine: Global Markets : This report provides an analysis of nanomaterials in the personalized medicine market, with estimates for 2023 and projections through 2028. It highlights the current and future market, assesses the competitive landscape, and explores regulatory scenarios and market drivers, restraints and opportunities. The study segments the market by product type—including proteins, monoclonal antibodies, nanocrystals, liposomes, gold nanoparticles, and quantum dots—and by the regions of North America , Europe , Asia-Pacific , and the Rest of the World, with insights into key markets of the U.S., Germany , the U.K., Italy , France , Japan , China , and India . Directly purchase a copy of the report from BCC Research. For further information or to make a purchase, please get in touch with info@bccresearch.com . About BCC Research BCC Research market reports provide objective, unbiased measurement, and assessment of market opportunities. Our experienced industry analysts' goal is to help readers make informed business decisions, free of noise and hype. Contact Us Corporate HQ: 50 Milk St. Ste 16, Boston, MA 02109, USA Email: info@bccresearch.com , Phone: +1 781-489-7301 For media inquiries, email press@bccresearch.com or visit our media page for access to our market research library. Any data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. Logo: https://mma.prnewswire.com/media/2183242/BCC_Research_Logo.jpgThe number of Australian homes bought by foreigners fell last year, as high stamp duty costs deter potential buyers. The downturn reflects the government’s efforts to reduce foreign investment and cut migration, experts say. The number of foreigners purchasing property in Australia dropped last financial year. Credit: Dion Georgopoulos The number of approved residential real estate investments by overseas buyers fell to 5581 in financial year 2024, down from 6576 in 2023 (15 per cent), figures from the Foreign Investment Review Board (FIRB) show. The combined value of approved residential real estate proposals from Chinese and Hong Kong buyers (with China the largest foreign-buyer pool in Australia), dropped last financial year from $4 billion to $3 billion. Loading Property portal Juwai IQI co-founder and group managing director Daniel Ho said affordability has unexpectedly become an issue for foreign buyers here. “Foreign buyers pay much more to purchase and to hold property in Australia than local residents and citizens,” Ho said. “They have extra taxes, fees, and duties that local buyers don’t have to worry about.” In Sydney, foreign buyers pay a one-off application fee, a stamp duty surcharge of 8 per cent and an annual land tax surcharge of 4 per cent. Both components will increase to 9 per cent and 5 per cent, respectively, from next year. Buyers who are not Australian citizens or permanent residents are restricted in the types of dwelling they can purchase. Foreign investors are limited to new dwellings or off-the-plan sales, to help boost Australia’s housing stock. The combined value of approved residential real estate proposals from Chinese and Hong Kong buyers dropped from $4 billion to $3 billion last financial year. Credit: Steven Siewert Temporary residents can apply for approval to buy an established home to live in for the duration of their stay, or can also buy an established home for redevelopment if it increases the housing stock. Plus Agency managing director Peter Li said the higher fees and taxes compounded the cost of holding property in Australia as a foreigner. Loading “That’s pushing foreign buyers out of the market. Even if you could afford to buy it, you have to be able to afford to keep it, and that’s why people are selling,” Li said. “Overseas purchasers are cash rich, so they have assets overseas – not just Chinese, I’m talking about Persian, Lebanese, Americans, British. Normally, they sell their assets [to buy in Australia]. So the mortgage is not a big concern ... it’s the surcharges.” He said foreign buyers have been declining since the introduction of fees and surcharges in 2017, especially in unit-heavy markets such as Sydney’s Chatswood and Burwood. Li said they could once sell an entire development to foreign buyers before the introduction of the FIRB application fees and surcharges, but would now struggle to sell one in 10 to them. Cuts to migration levels and increasing difficulties in qualifying for permanent residency were driving foreign buyers from Australian real estate, Li said, which he did not think would improve. OH Property Group’s Henny Stier noted fewer foreign buyers in Sydney’s north and north shore. “A lot of new builds and apartments in places like Epping have dropped ... if they’re not buying, then local buyers are not buying them, so they’re sitting around on the market and prices are dropping,” Stier said. It was more difficult to move cash from countries like China and Indonesia where there were strict limits on withdrawals, Stier said. Stier added the Australian government’s attempts to disincentivise foreign investment were working. In Melbourne, the top destination for Chinese buyer interest in Australia, foreign buyers face an 8 per cent stamp duty fee. Foreign buyers are subject to extra stamp duty costs. Credit: Paul Rovere Director at Belle Property Balwyn Robert Ding said overseas buyers were delaying property purchases until they obtain permanent residency, when the increased stamp duty no longer applies. “When someone’s paying $4 million to $5 million [for a property], it’s quite a hefty fee,” Ding said. “What a lot of these foreign buyers do ... is rent or even buy something of a less substantial value. Once they get permanent residency, which usually takes about four or five years, that’s when they start to buy properties.” Ray White Balwyn director Helen Yan has noticed a downturn in Chinese buyers since the start of this year, when the federal government paused applications for the significant-investor visa which requires recipients to invest $5 million in Australia. “That’s why the high-end property [market] has slowed down a lot,” Yan said. AMP chief economist Shane Oliver said the number of foreigners buying in Australia has probably returned to pre-COVID levels following the post-pandemic housing boom. “Foreign buying was quite weak through the pandemic years because of travel restrictions,” Oliver said. “That sort of slowed down through the pandemic, then there was a bounce back, and I suspect it’s now just settling down after that initial bounce back. “There could also be some cooling associated with the backlash we’re seeing against foreign students, with student visa numbers down, which may have, to some degree, weighed on foreign purchases as well.” Save Log in , register or subscribe to save articles for later. License this article Property market Sydney house prices Melbourne house prices Foreign investment Alexandra Middleton is a journalist for The Age, reporting on Melbourne's property market. Connect via email . Tawar Razaghi is a journalist working for the Sydney Morning Herald Connect via Twitter . 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By Hannah Fry, Los Angeles Times (TNS) Every day millions of people share more intimate information with their accessories than they do with their spouse. Wearable technology — smartwatches, smart rings, fitness trackers and the like — monitors body-centric data such as your heart rate, steps taken and calories burned, and may record where you go along the way. Like Santa Claus, it knows when you are sleeping (and how well), it knows when you’re awake, it knows when you’ve been idle or exercising, and it keeps track of all of it. People are also sharing sensitive health information on health and wellness apps , including online mental health and counseling programs. Some women use period tracker apps to map out their monthly cycle. These devices and services have excited consumers hoping for better insight into their health and lifestyle choices. But the lack of oversight into how body-centric data are used and shared with third parties has prompted concerns from privacy experts, who warn that the data could be sold or lost through data breaches, then used to raise insurance premiums, discriminate surreptitiously against applicants for jobs or housing, and even perform surveillance. The use of wearable technology and medical apps surged in the years following the COVID-19 pandemic, but research released by Mozilla on Wednesday indicates that current laws offer little protection for consumers who are often unaware just how much of their health data are being collected and shared by companies. “I’ve been studying the intersections of emerging technologies, data-driven technologies, AI and human rights and social justice for the past 15 years, and since the pandemic I’ve noticed the industry has become hyper-focused on our bodies,” said Mozilla Foundation technology fellow Júlia Keserű, who conducted the research. “That permeates into all kinds of areas of our lives and all kinds of domains within the tech industry.” The report “From Skin to Screen: Bodily Integrity in the Digital Age” recommends that existing data protection laws be clarified to encompass all forms of bodily data. It also calls for expanding national health privacy laws to cover health-related information collected from health apps and fitness trackers and making it easier for users to opt out of body-centric data collections. Researchers have been raising alarms about health data privacy for years. Data collected by companies are often sold to data brokers or groups that buy, sell and trade data from the internet to create detailed consumer profiles. Body-centric data can include information such as the fingerprints used to unlock phones, face scans from facial recognition technology, and data from fitness and fertility trackers, mental health apps and digital medical records. One of the key reasons health information has value to companies — even when the person’s name is not associated with it — is that advertisers can use the data to send targeted ads to groups of people based on certain details they share. The information contained in these consumer profiles is becoming so detailed, however, that when paired with other data sets that include location information, it could be possible to target specific individuals, Keserű said. Location data can “expose sophisticated insights about people’s health status, through their visits to places like hospitals or abortions clinics,” Mozilla’s report said, adding that “companies like Google have been reported to keep such data even after promising to delete it.” Related Articles A 2023 report by Duke University revealed that data brokers were selling sensitive data on individuals’ mental health conditions on the open market. While many brokers deleted personal identifiers, some provided names and addresses of individuals seeking mental health assistance, according to the report. In two public surveys conducted as part of the research, Keserű said, participants were outraged and felt exploited in scenarios where their health data were sold for a profit without their knowledge. “We need a new approach to our digital interactions that recognizes the fundamental rights of individuals to safeguard their bodily data, an issue that speaks directly to human autonomy and dignity,” Keserű said. “As technology continues to advance, it is critical that our laws and practices evolve to meet the unique challenges of this era.” Consumers often take part in these technologies without fully understanding the implications. Last month, Elon Musk suggested on X that users submit X-rays, PET scans, MRIs and other medical images to Grok, the platform’s artificial intelligence chatbot, to seek diagnoses. The issue alarmed privacy experts, but many X users heeded Musk’s call and submitted health information to the chatbot. While X’s privacy policy says that the company will not sell user data to third parties, it does share some information with certain business partners. Gaps in existing laws have allowed the widespread sharing of biometric and other body-related data. Health information provided to hospitals, doctor’s offices and medical insurance companies is protected from disclosure under the Health Insurance Portability and Accountability Act , known as HIPAA, which established federal standards protecting such information from release without the patient’s consent. But health data collected by many wearable devices and health and wellness apps don’t fall under HIPAA’s umbrella, said Suzanne Bernstein, counsel at Electronic Privacy Information Center. “In the U.S. because we don’t have a comprehensive federal privacy law ... it falls to the state level,” she said. But not every state has weighed in on the issue. Washington, Nevada and Connecticut all recently passed laws to provide safeguards for consumer health data. Washington, D.C., in July introduced legislation that aimed to require tech companies to adhere to strengthened privacy provisions regarding the collection, sharing, use or sale of consumer health data. In California, the California Privacy Rights Act regulates how businesses can use certain types of sensitive information, including biometric information, and requires them to offer consumers the ability to opt out of disclosure of sensitive personal information. “This information being sold or shared with data brokers and other entities hypercharge the online profiling that we’re so used to at this point, and the more sensitive the data, the more sophisticated the profiling can be,” Bernstein said. “A lot of the sharing or selling with third parties is outside the scope of what a consumer would reasonably expect.” Health information has become a prime target for hackers seeking to extort healthcare agencies and individuals after accessing sensitive patient data. Health-related cybersecurity breaches and ransom attacks increased more than 4,000% between 2009 and 2023, targeting the booming market of body-centric data, which is expected to exceed $500 billion by 2030, according to the report. “Nonconsensual data sharing is a big issue,” Keserű said. “Even if it’s biometric data or health data, a lot of the companies are just sharing that data without you knowing, and that is causing a lot of anxiety and questions.” ©2024 Los Angeles Times. Visit at latimes.com. Distributed by Tribune Content Agency, LLC.See Spot... sitTrump Cabinet picks, appointees targeted by bomb threats and swatting attacks

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