Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > Global Nanocomposites Market to Reach 989 Million Pounds by 2010, According to New Report by Global Industry Analysts, Inc.

Abstract:
Nanocomposites play a significant role in one of the most promising technologies known as nanotechnology. Worldwide demand for nanocomposites is increasing rapidly in packaging, automotive, electrical, and other applications due to their superior thermal, electrical conductive and other properties. Development of industry related nanocomposites with enhanced features and expanding research activities in development of new nanocomposites are some of the factors that would drive nanocomposites market in the coming years.

Global Nanocomposites Market to Reach 989 Million Pounds by 2010, According to New Report by Global Industry Analysts, Inc.

San Jose, CA | Posted on April 29th, 2008

Nanocomposites display enhanced physical, thermal and other unique properties, which assist in achieving high-level performance across various applications. They have properties that are superior to conventional microscale composites and can be synthesized using simple and inexpensive techniques. Continuous demand from different end-use sectors, development of advanced and superior nanocomposites would stimulate their growth. Need for new and better nanocomposites by end users is one of the major reasons expected to drive the development of new array of nanocomposites. Identifying potential markets, intensifying research activities, and government funding for R&D operations constitute major factors in the commercialization of nanocomposites. A few nanocomposites have already reached the marketplace, while a few others are on the verge, and many continue to remain in the laboratories of various research institutions and companies.

Global nanocomposites market is projected to reach 989 million pounds by the end of the decade, as stated in a report published by Global Industry Analysts, Inc. United States and Europe dominate the global nanocomposites market, with a collective share of over 80% of the volume sales for 2008. The markets are also projected to witness rapid growth, driven by enhanced volume consumption of nanocomposites in various applications. Research institutions and companies are engaged in the exploration of efficient methods for developing nanocomposites in large volumes, and at lower cost.

Applications of nanocomposite plastics are diversified, with automotive and packaging accounting for a majority of the consumption. Increased R&D activities and advent of innovative materials is expected to widen the application areas for nanocomposites. Packaging segment represents the largest end-use market for nanocomposites in the world, with consumption estimated at 284 million pounds for 2008. Automotive segment is projected to generate the fastest demand for nancomposites during the period 2001-2010. Rise in demand and easy accessibility of nanocomposites would lead to their extensive usage in a wide range of applications.

Nanocomposite research is widespread and is conducted by companies and universities across the globe. Several global plastic suppliers have already commercialized products based on nanocomposite materials, with majority of the efforts focused on either nylons or polyolefins. Other industries are also optimistic about the future role of these novel materials, attributed to the growing volume of research studies being conducted across the world. The development of innovative nanocomposite polyolefins, and an array of other resin matrixes and nanofillers is also expected to bolster the market scenario. Technological advancements would reduce manufacturing costs, enabling the development of low-cost nanocomposites.

Major players profiled in the report include 3M ESPE, Arkema Group, BASF AG, Cabot Corporation, Cyclics Corporation, DSM Somos, Du Pont (E.I) De Nemours & Company, Elementis Specialties Inc, eSpin Technologies Inc., Evonik Degussa GmbH, Foster Corporation, Hybrid Plastics, Industrial Nanotech Inc, Inframat Corporation, InMat Inc, Nanocor Incorporated, Nanodynamics Inc, Nanoledge SA, Nanophase Technologies Corporation, Nanova LLC, Powdermet Inc, Showa Denko K.K., Rockwood Additives Ltd, TNO, Unitika Ltd, and Zyvex.

The report titled "Nanocomposites: A Global Strategic Business Report" published by Global Industry Analysts, Inc. discusses the prevailing trends, issues, demand forecasts, and activities that affect the industry. The nanocomposites market is analyzed over the period 2001-2015 for United States, Europe, and Rest of World.

####

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

For more information, please click here

Contacts:
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977

Copyright © PRWeb™

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Haydale Secures Exclusive Development and Supply Agreement with Tantec A/S: New reactors to be built and commissioned by Tantec A/S represent another step forward towards the commercialisation of graphene October 24th, 2014

QuantumWise guides the semiconductor industry towards the atomic scale October 24th, 2014

MEMS & Sensors Technology Showcase: Finalists Announced for MEMS Executive Congress US 2014 October 23rd, 2014

Nanoparticle technology triples the production of biogas October 23rd, 2014

Materials/Metamaterials

Researchers patent a nanofluid that improves heat conductivity October 22nd, 2014

Materials for the next generation of electronics and photovoltaics: MacArthur Fellow develops new uses for carbon nanotubes October 21st, 2014

Super stable garnet ceramics may be ideal for high-energy lithium batteries October 21st, 2014

Could I squeeze by you? Ames Laboratory scientists model molecular movement within narrow channels of mesoporous nanoparticles October 21st, 2014

Announcements

Haydale Secures Exclusive Development and Supply Agreement with Tantec A/S: New reactors to be built and commissioned by Tantec A/S represent another step forward towards the commercialisation of graphene October 24th, 2014

QuantumWise guides the semiconductor industry towards the atomic scale October 24th, 2014

Advancing thin film research with nanostructured AZO: Innovnano’s unique and cost-effective AZO sputtering targets for the production of transparent conducting oxides October 23rd, 2014

Strengthening thin-film bonds with ultrafast data collection October 23rd, 2014

Interviews/Book Reviews/Essays/Reports/Podcasts/Journals

NYU Researchers Break Nano Barrier to Engineer the First Protein Microfiber October 23rd, 2014

Iranian Scientists Apply Nanotechnology to Produce Surgery Suture October 23rd, 2014

Iranian, Malaysian Scientists Study Nanophotocatalysts for Water Purification October 23rd, 2014

Strengthening thin-film bonds with ultrafast data collection October 23rd, 2014

NanoNews-Digest
The latest news from around the world, FREE





  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More














ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE