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Home > News > 2012 Global R&D Funding Forecast: Industrial R&D—Chemicals, Materials

December 16th, 2011

2012 Global R&D Funding Forecast: Industrial R&D—Chemicals, Materials

Abstract:
The development of new and advanced materials is often the driver for other industries, such as those involving semiconductors, composites, thin films and coatings, medical devices, chemical and environmental processes, energy systems, and biopharmaceutical products. R&D for these materials involves developing new characteristics, properties, processing capabilities, and entirely new chemical families that could create whole new industries.

Added recently to this list of research priorities is the creation of alternative sources or processes to adjust for naturally or artificially diminishing supplies of materials for existing essential products. The case in point is China's recent export limits on rare earth metals for politically motivated reasons—to maintain supplies for local industries and to limit development of competitive non-Chinese manufacturers.

Source:
rdmag.com

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