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Posted: November 18, 2008
Nanocomposites Market Moving From Innovation to Growth Phase
(Nanowerk News) Nanocomposites are at an interesting stage
in their product life cycle, moving from innovation to the growth phase. The
resolution of existing technical and economic challenges over the medium- to
long-term will accelerate market expansion.
Frost & Sullivan (http://materials.frost.com) finds that the World
Nanoparticles In Composites Market earned revenues of $33.7 million in 2006
and estimates this to reach $144.6 million in 2013.
If you are interested in a virtual brochure, which provides manufacturers,
end users and other industry participants with an overview of the latest
analysis of the World Polymer Nanocomposites Market, send an e-mail to Vanessa
Quezada, Corporate Communications, at [email protected] with your full
name, company name, title, telephone number, e-mail address, city, state and
country. Frost & Sullivan will send you the information via e-mail upon receipt of the above
"The entry of new participants and the additional capacity that they
generate has the potential to bring down prices and drive up volumes in the
world nanocomposites markets," states Frost & Sullivan Industry Analyst
Hariharan Ramasubramanian. "The industry will also benefit from the infusion
of novel technologies by these entrants."
Currently, however, the high prices of nanoparticles (including nanotubes
and nanofibres) remain a key concern, and this situation is dissuading many
end users from utilising nanocomposites. Both unit prices and total cost of
usage have to reduce for nanocomposites to be viable in high-volume markets.
At the same time, despite ongoing research, technical challenges,
including the dispersion of nanoparticles in non-polar resins, persists. These
and similar technical issues with mass production of nanoparticles, such as
nanotubes, continue to restrain the widespread uptake of nanocomposites.
"Taking the industry out of the labs and into the markets is a major
challenge for suppliers in the nanocomposites market," explains
Ramasubramanian. "Very often, suppliers have found it difficult to replicate
their successes in the lab to large scale production lines."
To achieve market success, companies should establish alliances and build
strong relationships with participants across the supply chain, spanning
nanoparticle producers to end users.
World Polymer Nanocomposites Market is part of the Chemicals and Materials
Growth Partnership Service, which also includes research in the following
markets: European Markets for Engineering Plastics, European Markets for
Reinforced Thermosets and European Markets for Carbon Black. All research
included in subscriptions provide detailed market opportunities and industry
trends that have been evaluated following extensive interviews with market
participants. Interviews with the press are available.
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