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US Nanocomposites Demand to Approach
11 Billion Pounds by 2020

CLEVELAND--(BUSINESS WIRE)--May 10, 2004--After considerable research and development, and several pilot programs, nanocomposites are beginning to establish themselves in a number of key end-use markets. While conductive polymers with nanoscale carbon black fillers have been commercialized for some time, a wider variety of nanocomposites are now finding use in packaging applications and motor vehicle parts such as mirror housings, van step assists and exterior trim. These fairly limited uses are harbingers of widespread commercialization in electronics, construction, packaging, consumer goods and other applications. These and other trends are presented in Nanocomposites, a new study from The Freedonia Group, Inc., a Cleveland-based industrial market research firm.

The US market for nanocomposites is expected to increase to 345 million pounds by 2008 and approach eleven billion pounds by 2020, with a value of $37 billion. By that time, nanocomposites are expected to have partially supplanted traditional reinforced plastics in construction applications such as pipe and siding; in motor vehicle parts such as exterior body panels, engine components and interior accessories; in consumer goods such as appliances and sporting goods; in packaging materials for food, beverages and medical equipment; in electronic components; and in high performance applications such as spacecraft and military equipment.

The nanoscale materials used in new composites are nearly as diverse as the resins to which they are added and the applications in which they are used. In the short term, most nanomaterials in composites will be smaller scale versions of conventional and well-established materials such as carbon black, silica and clay. Novel materials made possible by advances in nanotechnology equipment and production techniques, such as carbon nanotubes and polyhedral oligomeric silsesquioxane (POSS), will find use in higher end electronics uses and other applications. By the year 2020, clays and minerals are expected to be the major volume materials, with high value nanotubes being the highest value material

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 

 

 

 

 

 

 



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