Global revenues for polymeric nanocomposites were approximately US$223.15 mln in 2009, impacting a diverse range of markets such as aerospace and aviation, automotive, food, pharmaceutical and electronics packaging, electrical and electronic goods, sporting goods and medicine.
Clay nanocomposites have the largest market share with revenues of approximately US$89.65 mln in 2009, with main application markets in packaging, flame retardants and aerospace and aviation (including military applications). The largest application market for nanocomposites in 2009 were plastics and packaging (US$49.5 mln), aerospace and aviation (US$45.4 mln, including military) and automotive (US$28.35 mln). By 2017 annual global revenues are projected to be approximately US$1040.5 mln. The market for clay nanocomposites will continue to grow in the packaging sector. Packaging will remain the largest market for polymer nanocomposites (US$253 mln), followed by aerospace and aviation (US$163.5 mln), automotive (US$110 mln), energy (US$101 mln, representing the largest growth area) and electronics and semiconductors (US$89 mln).