Nanocomposites, Nanoparticles, Nanoclays, and Nanotubes

Published - Jan 2010| Analyst - Andrew McWilliams| Code - NAN021D
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Report Highlights

  • Global consumption of nanocomposites was an estimated 67,685 metric tons with a value of nearly $467 million in 2008.  These figures declined to 64,567 metric tons and $460 million in 2009.  By 2014, the market should exceed 214,081 metric tons and $1.38 billion, a compound annual growth rate (CAGR) of 27.1%.
  • Global consumption of clay-based nanocomposites was 46,044 metric tons with a value of $232.5 million in 2008.  Consumption fell to approximately 44,931 metric tons and $226.9 million in 2009 but will increase to 181,094 metric tons and $692.3 million by 2014, a compound annual growth rate (CAGR) of 32.2%.
  • The total world market for ceramic-containing nanocomposites was approximately 10,662 metric tons with a value of $49.8 million in 2008.  The market fell to 9,633 metric tons and $48.2 million in 2009 and is expected to grow to 17,388 metric tons and $145.2 million in 2014, a compound annual growth rate ( CAGR) of 12.5%.

INTRODUCTION 

STUDY BACKGROUND 
Nanocomposites have been used commercially since Toyota introduced the first polymer/clay nanocomposite auto parts in the 1980s. Recently, advances in the ability to characterize, produce, and manipulate nanometer-scale materials have led to their increased use as fillers in new types of nanocomposites.
Manufacturers now mix nanoparticulate metals, oxides, and other materials with polymers and other matrix materials to optimize the composite’s properties with respect to color/transparency, conductivity, flame retardancy, barrier properties, magnetic properties, and anticorrosive properties, as well as tensile strength, modulus, and heat distortion temperature. These composites offer users significantly enhanced properties compared to conventional composite and noncomposite materials. 
Global consumption of nanocomposites has increased significantly since BCC published its last market analysis in 2006, reaching 67,685 metric tons, with an estimated value of nearly $467 million in 2008. Nanocomposite consumption is growing rapidly, and is expected to reach 214,081 metric tons, or $1.4 billion in value, by 2014.
STUDY GOALS AND OBJECTIVES
 
Such rapid growth has raised expectations regarding nanocomposites’ commercial potential. The overall goal of this updated report is to provide suppliers of advanced materials, entrepreneurs, investors, and others with information concerning emerging nanocomposite technologies and applications, along with a realistic assessment of their commercial potential. 
Specific objectives include identifying segments of the nanocomposite market with the greatest commercial potential in the near to midterm (i.e., 2009 to 2014), projecting future demand in these segments, and evaluating the challenges that must be overcome for each segment to realize its potential in order to estimate the probability of successful commercialization.
INTENDED AUDIENCE
This report is intended especially for nanocomposite and nanomaterials marketing executives, entrepreneurs, investors, venture capitalists, and other readers with a need to know the direction in which the nanocomposite market is headed in the next 5 years. Other readers who should find the report particularly useful include officials of government programs, such as the U.S. National Nanotechnology Initiative, that promote the development of the nanotechnology industry. The report’s findings and conclusions should also be of interest to the broader nanotechnology community.
SCOPE OF REPORT
 
The report addresses the global market for nanocomposites. Nanocomposites are a class of composites that have at least one component with nanoscale dimensions or structural features. This study, however, excludes certain materials (e.g., rubber to which carbon black nanoparticles have been added) that technically fit the definition of nanocomposites but have been in commercial use for decades.
The study format includes the following major elements:
  • Executive summary
  • Definitions
  • Milestones in the development of nanocomposites
  • Nanocomposites that are in commercial use or under development, associated technologies, and applications
  • Nanocomposites with the greatest commercial potential through 2014
  • Global nanocomposite market trends from 2008 to 2014
  • Factors that will influence the long-term development of the nanocomposites market
  • Nanocomposites industry structure and market shares 
   METHODOLOGY AND INFORMATION SOURCES
 
Projecting the market for emerging technologies such as nanocomposites, many with commercial potential that has not yet been fully proven, is a challenging task. This report uses a multiphase approach to identify the nanocomposites with the greatest commercial potential and to quantify their market.
In the first phase of the analysis, BCC Research identified a long list of nanocomposites, including those that are still under development. BCC then undertook a literature review to identify those nanocomposites that are unlikely to make it into commercial production before 2014, resulting in a short list of nanocomposites that have near- to mid-term commercial potential.
In phase two, BCC mapped these nanocomposites against potential end-user industries and applications, such as the automotive and food packaging industries, to identify the nanocomposites with the greatest commercial potential in the time frame covered by this report. Selection criteria included size of the market, characteristics of competing materials, and similar considerations.
In the third phase, BCC focused on quantifying the potential market for these high-potential nanocomposites and identifying the main prerequisites for commercial success. Various methodologies and data sources were used to develop the projections, including trend-line projections, input-output analysis, and estimates of future demand from industry sources.
The report includes detailed descriptions of the data sources, assumptions, and methodologies that were used in developing the market projections. BCC Research’s intent is to let readers judge the validity of its projections for themselves, thus enabling them to develop alternative market scenarios as they see fit.
   ANALYST CREDENTIALS
 
Andrew McWilliams, the author of this report, is a partner in the Boston-based international technology and marketing consulting firm 43rd Parallel LLC. In addition to being the author of the previous (2006) edition of this report, he has authored numerous other Business Communications Co. studies of the nanotechnology and related fields, including NAN031C Nanotechnology: A Realistic Market Evaluation; NAN017D Nanostructured Materials: Electronic/Magnetic/ Optoelectronic; NAN017E Nanostructured Materials for Energy, Catalysis and Structural Applications; NAN017F Nanostructured Materials for the Biomedical, Pharmaceutical, and Cosmetic Markets;NAN044A Nanotechnology in Energy Applications; NAN015E Advanced Ceramics and Nano Ceramic Powders; NAN040A Nanomaterials Markets by Type; NAN038A Nanotechnology in Life Science Applications; NAN028A Nanocatalysts; NAN035A Nanosensors; NAN036A Nanotechnology for Photonics; and NAN037A Nanotechnology for Consumer Products.
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DISCLAIMER 

The information developed in this report is intended to be as reliable as possible at the time of publication and of a professional nature. This information does not constitute managerial, legal, or accounting advice; nor should it serve as a corporate policy guide, laboratory manual, or an endorsement of any product, as much of the information is speculative in nature. The author assumes no responsibility for any loss or damage that might result from reliance on the reported information or its use.

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Published - Jun-2006| Analyst - Andrew McWilliams| Code - NAN021C

Report Highlights

  • Clay nanocomposites accounted for nearly one-quarter (24%) of total nanocomposite consumption by value in 2005, followed by metal and metal oxide nanocomposites (19%) and carbon nanotube composites (15%). By 2011, clay nanocomposites are projected to increase their market share to 44%. Between 2005 and 2011, other market share gainers include metal/metal oxide nanocomposites and ceramic nanocomposites which are projected to attain market shares of 20% and 11.5% respectively. Carbon nanotube composites, meanwhile, are expected to lose market share, down to 7.5%.
  • Automotive parts, energy, and packaging were the main nanocomposite applications in 2005, with 29%, 28%, and 19% market shares respectively. Other major applications in 2005 were coatings (14%) and ESD (8%).
  • By 2011, packaging is expected to become the leading nanocomposite application, with over 28% of the market. Energy applications remain in second place in 2011, with more than 26% of the market. Automotive applications will be the third-largest application in 2011, with over 15% of the market, followed by coatings with 14%.
Published - Apr-2004| Analyst - Sam Brauer| Code - NAN021B

Report Highlights

  • The total worldwide market for polymer nanocomposites reached $90.8 million in 2003. Rising at an AAGR (average annual growth rate) of 18.4%, this market will exceed $210 million in 2008. .
  • The dollar value of thermoplastics is larger, because these are higher valued added goods and are used in high-dollar niche applications.
  • Growth will exceed an AAGR of 20% with sales reaching nearly $180 million.
  • Thermosets will rise at an AAGR of 9.9% from $20 million in 2003 to $32.2 million in 2008.
  • Current volumes of thermoplastic and thermoset nanocomposites produced are roughly equal. By 2008, thermoplastics will constitute 77% of the volume market.

Published - Apr-2000| Analyst - Sam Brauer| Code - NAN021A

Report Highlights

  • While available today in only pilot amounts, the production of nanocomposite materials will exceed 55 million pounds in 2004.
  • The value of market in 2004 will approach $200 million.
  • Greater understanding of the chemistry driving the formation of nanocomposites has enabled researchers to discover practical methods of production for these materials.
  • Replacement of thermoplastic by nanocomposites will not come on a wholesale basis, but will take place in applications where the improved performance of the nanocomposite justifies an increase in cost.
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