06 July 2006
06 July 2006
According to a new technical market research report, Nanocomposites, Nanoparticles, Nanoclays, and Nanotubes from BCC Research, global consumption of nanocomposites was $252 million in 2005.
This figure will reach $288 million by the end of 2006 and, at an average annual growth rate of 24.4%, $857 million by 2011.
Clay nanocomposites accounted for nearly one-quarter (24%) of total nanocomposite consumption by value in 2005, followed by metal and metal oxide nanocomposites (19%) and carbon nanotube composites (15%). By 2011, clay nanocomposites are projected to increase their market share to 44%. Other market share gainers between 2005 and 2011 include metal/metal oxide nanocomposites and ceramic nanocomposites which are projected to attain market shares of 20% and 11.5% respectively. Carbon nanotube composites, meanwhile, are expected to lose market share, down to 7.5%.
Global Forecast of Nancomposites Consumption, 2005-2006, and 2011 (Tons and $ Millions)
Automotive parts, energy, and packaging were the main nanocomposite applications in 2005, with 29%, 28%, and 19% of the market respectively. Other major applications in 2005 were coatings (14%) and ESD (8%). By 2011, packaging is expected to become the leading nanocomposite application, with over 28% of the market. Energy applications remain in second place in 2011, with more than 26% of the market. Automotive applications will be the third-largest application in 2011, with over 15% of the market, followed by coatings with 14%.
LANXESS will open a new applications development and technical services (AD & TS) laboratory for polyurethane dispersions (PUDs) in Latina, Italy. This will be capable of supporting market needs in a variety of coatings and adhesives applications in leather and textile finishing, plastic, glass and metal substrates coatings, as well as glass fibre sizing.
Sharp & Tappin has installed and commissioned a Compcut 200 composite plate saw at Renault Sport Racing in Enstone, Oxfordshire, UK.
Applications for composites in the sports and leisure sector will be showcased by various exhibitors at Composites Europe in Stuttgart, Germany, on 6-8 November.