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Lucintel will present the results of its study and strategic analysis of the global nanocomposites market at Composites Europe, September 27- 29, 2011 in Stuttgart, Germany.
“Nanocomposites: Breakthrough Applications or Will the Cost Outweigh the Benefits?” will be presented in the Open Forum at 3pm on September 29th. This presentation will include an overview of the nanomaterials industry, nanomaterials competitiveness, market trends, costs, and property analysis of nanomaterials versus other materials. The Open Forum nanocomposites presentation will be given by Nigel O’Dea, who says he will share data, trends, and insights from this recent study.
Lucintel’s research indicates that the nanomaterials market is expected to reach $6.1 billion by 2016 with a 23% CAGR forecast from 2011 through 2016. They say the overall nanomaterials market is driven by healthcare and personal care, energy, electrical and electronics applications. Emerging applications include field lamination display, drug delivery, and biofuels.
Lucintel’s study indicates nanocomposites have great potential in aerospace, wind energy, automotive and marine industries, driven by the need for materials with a high strength-to-weight ratio, mechanical efficiency, conductivity, and light weight. They explain that growing demand for strong, durable materials will create future opportunities for nanocomposites and technical developments in carbon nanotubes and decreasing nanocomposites prices will further boost the market. They expect that North America will remain the market leading region for several years as it has significant ongoing R&D activities in nanomaterials. Lucintel anticipates that nanomaterials markets will broaden to include applications such as armour, defence equipment, weapons, and Nan medicines, among others.
Lucintel executives Alan Clark, Director of Sales, and Nigel O’Dea, Business Development Manager EMEA, will be available at booth C2/A38 throughout the exhibition to discuss any strategic growth opportunities and the range of published Lucintel markets reports available covering composite materials and markets, as well as aerospace and defence, energy, and renewable energy.
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