Carbon fiberscarcity-based market forces; the raw materials are cheap and abundant. Light, strong materials like carbon fiber are essential to space travel, better transport systems and a host of other applications.
These nanotubes have some extraordinary properties:
- They have enormous tensile strength – theoretically the greatest of any material known.
- A great capacity to conduct heat – theoretically better than any metal
- Fantastic electrical conductance – theoretically nanotubes, with their carbon lattice in the 'arm-chair' configuration, will conduct electricity far better than any metal, and additionally for a cable of the same resistance as an equivalent metal conductor, can take a much greater current density because of its thermal properties and capability to withstand very high temperatures.
- Other forms of carbon nanotube are electrical and could form the basis for molecular computing
Currently most of the properties mentioned above do not trounce existing materials yet due to the fact that nanotubes cannot be made very long yet, only of the order of millimetres. Although this is extremely long for a molecule, a cable made from nanotubes would have to have all of its constituent nanotubes run its full length in order for the cable to inherit these properties too. Making this possible is a holy grail of material science and the focus of much academic and commercial research today.
A cable the thickness of a human hair made using carbon nanotubes could theoretically hold up a car and carbon composites made from nanotubes could be many times thinner, lighter and stronger than they are already. An extreme example is the possibility of creating a space elevator using such cables stretching for tens of thousands of kilometres into space (all the way to and beyond), which may allow easier access to space than is possible with rockets for certain orbits.
Perhaps most importantly of all, they can be used as filters to purify and desalinate water as discussed here.
Future uses of nanotubes may include providing the circuitry and motors for nanotechnology, in flywheels and capacitors to store electricity and in photovoltaics. However, even using only the applications that have been fully worked-out and realized, they have the capacity to change civilization.
They are not particularly expensive, even in a scarcity-based economy. They are made from simple carbon, which is cheap and common. There are companies selling them for $3 a gram. If production were scaled up to mass-production, the price would go down even further.