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%.
METYX has concluded discussions with the Hungarian Investment Promotion Agency (HIPA) and secured a 50% matched government-funded incentive package to support a multi-million Euro investment project to expand METYX Hungary.
At the American Composites Manufacturers Association (ACMA)'s third annual Infrastructure Day on 6-7 February 2018 34 ACMA members joined together to meet with over 100 Members of Congress and their staffs to advance legislation to drive investment in innovative material solutions for transportation, water and energy infrastructure.
Cevotec reports that cevoTape is individually manufactured and tailored to major automated fibre placement (AFP) processes, offering a new option for series production at reasonable economics.