US market to double by 2011
Although the hype surrounding polymer nanocomposites has been in full-throttle for over a decade, so far the market for these new materials has been relatively slow to develop. However, as commercial interest has moved beyond pilot programs and niche applications, it appears that nanocomposites are finally ready for a breakthrough in markets such as motor vehicles and packaging. By 2011, nanocomposites demand will more than double, reaching 300 million pounds. Growth will be fueled by declining prices of nanomaterials and composites, as production levels increase and technical issues concerning the dispersion of nanoadditives in the compounds are overcome. By 2025, it is expected that nanocomposites will be a $9 billion market, with volumes nearing five billion pounds. ( http://www.bharatbook.com/Market-Research-Reports/Nanocomposites-Forecasts-for-20112016-2025.html )
Higher-priced resins to seefastest gains in near term
While thermoplastics currently comprise virtually all demand for nanocomposites, compounds based on thermoset resins will eventually become a substantial part of the market — 20 percent of demand in 2025. Over the near term, the most rapid gains will be seen in higher-priced resins such as engineering plastics, inapplications where the additional cost of nanomaterials is not a critical factor. Looking forward, however, nanocomposites based on commodity plastics, such as polypropylene, polyethylene and PVC, will dominate the market. Among thermosets, nanocomposites will make the strongest impact as enhancements for reinforced polyester and epoxy compounds.
Packaging, motor vehicles to be key early markets
Packaging and motor vehicles, two key early markets for nanocomposites, will account for nearly half of total demand in 2011. However, by 2025, electrical and electronics applications will gain in prominence, as nanotube-based composites will penetrate a sizable portion of the market as a substitute for other conductive materials. Construction will emerge as a significant market as nanocomposites begin to replace fiber-reinforced plastics in a number of applications.
Clay, carbon nanotubes to become top nanomaterials
In 2006, nearly all nanomaterial demand consisted of carbon black in conductive composites. However, as material and production costs of clay-based nanocomposites fall, clays will rise to account for over half of all nanomaterials demand by volume in 2025. Similarly, a decline in price will enable the rapid commercialization of carbon nanotubes, which will eventually gain over 60 percent of the nanocomposite materials market in value terms.
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Watch the video related to nanomaterials
Yi Cui, associate professor of Materials Science and Engineering at Stanford University, discusses designing nanomaterials for energy storage, including batteries and supercapacitors. The Energy Seminar meets weekly during the academic year. For a list of upcoming talks, visit the events page at the Woods Institute for the Environment website. Stanford University: www.stanford.edu Woods Institute for the Environment at Stanford: woods.stanford.edu Yi Cui www.stanford.edu Stanford University …
Help answer the question about nanomaterials
A couple of questions about Nanotubes and Nanomaterials?How you think nanoobjects and materials will be useful in the future.
# Why nanomaterials are so unique.
# How nanoparticles might bridge biology and chemistry (as seen in this article)
# What the challenges might be in working with materials that are so phenomenally small.
HERE IS THE ARTICLE
http://www.bnl.gov/cfn/news/PRdisplay.as…
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