Revenues in Nanoparticles in composites to grow to US$144.6 mln in 2013

20-Nov-08

The World Nanoparticles In Composites Market earned revenues of US$33.7 mln in 2006 as per Frost & Sullivan, and estimates to touch US$144.6 mln in 2013. 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. 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. To achieve market success, companies should establish alliances and build strong relationships with participants across the supply chain, spanning nanoparticle producers to end users.