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Frost & Sullivan finds that the World Nanoparticles In Composites Market earned revenues of $33.7 million in 2006 and estimates this to reach $144.6 million in 2013.
Focus on Technology and Process Economics Key to the Growth of the Global Nanocomposites Market
London, UK | Posted on September 3rd, 2007
Nanocomposites are at an interesting stage in their product life cycle, moving from innovation to the growth phase. The resolution of existing technical and economic challenges over the medium- to long-term will accelerate market expansion.
Frost & Sullivan (materials.frost.com) finds that the World Nanoparticles In Composites Market earned revenues of $33.7 million in 2006 and estimates this to reach $144.6 million in 2013.
If you are interested in a virtual brochure, which provides manufacturers, end users and other industry participants with an overview of the latest analysis of the World Polymer Nanocomposites Market, send an email to Vanessa Quezada, Corporate Communications, at vanessa.quezada[.]frost.com with your full name, company name, title, telephone number, email address, city, state and country. We will send you the information via email upon receipt of the above information.
"The entry of new participants and the additional capacity that they generate has the potential to bring down prices and drive up volumes in the world nanocomposites markets," states Frost & Sullivan Industry Analyst Hariharan Ramasubramanian. "The industry will also benefit from the infusion of novel technologies by these entrants."
Currently, however, the high prices of nano-particles (including nanotubes and nanofibres) remain a key concern, and this situation is dissuading many end users from utilising nanocomposites. Both unit prices and total cost of usage have to reduce for nano-composites to be viable in high-volume markets.
At the same time, despite ongoing research, technical challenges, including the dispersion of nanoparticles in non-polar resins, persists. These and similar technical issues with mass production of nanoparticles, such as nanotubes, continue to restrain the widespread uptake of nanocomposites.
"Taking the industry out of the labs and into the markets is a major challenge for suppliers in the nanocomposites market," explains Ramasubramanian. "Very often, suppliers have found it difficult to replicate their successes in the lab to large scale production lines."
To achieve market success, companies should establish alliances and build strong relationships with participants across the supply chain, spanning nanoparticle producers to end users.
World Polymer Nanocomposites Market is part of the Chemicals and Materials Growth Partnership Service, which also includes research in the following markets: European Markets for Engineering Plastics, European Markets for Reinforced Thermosets and European Markets for Carbon Black. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics and demographics.
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