Global Markets for Nanocomposites, Nanoparticles, Nanoclays, and Nanotubes
Global consumption of nanocomposites was an estimated 118,768 metric tons with a value of over $800 million in 2010. In 2011, the market should reach 138,389 metric tons and $920 million. By 2016, the market should amount to 333,043 metric tons and $2.4 billion, a five year compound annual growth rate (CAGR) of 19.2% in unit terms and 20.9% in value terms.
SCOPE AND FORMAT
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
- 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 2016
- Global nanocomposite market trends from 2010 to 2016
- Factors that will influence the long-term development of the nanocomposites market
- Nanocomposites industry structure and market shares
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 BCC Research studies of the nanotechnology and related fields, including:
- NAN031D Nanotechnology: A Realistic Market Assessment
- NAN017D Nanostructured Materials for the Biomedical, Pharmaceutical, and Cosmetic Markets
- NAN017E Nanostructured Materials for Energy, Catalysis and Structural Applications
- NAN017F Nanostructured Materials: Electronic/Magnetic/Optoelectronic
- NAN044A Nanotechnology in Energy Applications
- NAN015F Advanced Ceramics and Nanoceramic Powders
- NAN040A Nanomaterials Markets by Type
- NAN038A Nanotechnology in Life Science Applications
- NAN028A Nanocatalysts
- NAN035A Nanosensors
- NAN036A Nanotechnology for Photonics
- NAN037A Nanotechnology for Consumer Products
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%.
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%.
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.
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.