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Home > Press > World Nanomaterials Demand to Reach US$90B in 2020

Abstract:
World Nanomaterials, a new study from The Freedonia Group

World Nanomaterials Demand to Reach US$90Billion in 2020

March 17, 2005

While many of the most ambitious, potentially world-changing applications are still years away, nanomaterials have begun to make a commercial impact, particularly in advanced areas such as the US, Japan and Western Europe. To date, nanomaterial use on a commercial scale has been limited to a few applications, such as wafer polishing, textile treatments and sunscreen lotions. In the longer term, nanomaterials hold the potential to improve the human condition via more effective drugs to treat disease, technologies to create safe water supplies for the world's poorest regions, and more efficient power generation. These and other trends are presented in World Nanomaterials, a new study from The Freedonia Group, Inc., a Cleveland-based industrial market research firm.

World demand for nanomaterials is expected to grow more than five-fold to $3.7 billion in 2008, and by 2020, reach $90 billion. In the short term, nanoscale versions of materials like metals and oxides will account for a large share of demand. Over the next decade or two, however, novel nanomaterials such as dendrimers and single-wall carbon nanotubes are expected to account for an ever-larger share of the market. Electronics and health care are projected to be the largest markets, but construction materials and other uses are also expected to register stellar growth.

The US will remain the largest market for nanomaterials, due to its large, technologically advanced economy and its leading position in nearly every major nanomaterials outlet, including high-end electronics, pharmaceuticals, construction materials and consumer goods. Japan is a smaller nanomaterial market than the US, but is significantly larger than any other nation, and is by far the leading investor in R&D on a per capita basis. The EU nations comprise the only other currently significant nanomaterials market; Germany, France and the UK are the largest national markets in the region. These nations, as well as others including South Korea and Taiwan, have substantial R&D programs, typically involving government funding and participation by the private sector and academia. However, developing nations -- most notably China -- will become increasingly important nanomaterial markets, as more high-end electronics production shifts to these regions and manufacturers begin to use nanomaterials more intensively.

WORLD NANOMATERIAL DEMAND

(million US dollars)

% Annual Growth

Item

2003

2008

2020

2003-2020

World Nanomaterial Demand

720

3650

90000

33

Americas

276

1490

37900

34

Western Europe

225

1067

23100

31

Asia Pacific

215

1035

26700

33

Other Regions

4

58

2300

45


© 2005 by The Freedonia Group, Inc.

World Nanomaterials (published 03/2005, 439 pages) is available for $5,200 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH 44143-2326. For further details, please contact Corinne Gangloff by phone 440.684.9600, fax 440.646.0484 or e-mail pr@freedoniagroup.com. Information may also be obtained through www.freedoniagroup.com.

###

A limited license to use or reprint information from this news release is granted to you provided attribution for the same - including, if possible, the price of the report - is given to The Freedonia Group, Inc. (Cleveland, OH). We would also appreciate the courtesy of receiving a copy of the article or publication in which we appear.



Copyright © The Freedonia Group, Inc.

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