Columns

MARKET TRENDS: Nanotechnology Market Growing

February 1, 2004
/ Print / Reprints /
ShareMore
/ Text Size+
U.S. nanomaterials demand to reach $35 bil. in 2020

After a decade-long buildup, nanotechnology is beginning to see its first commercial successes, although basic materials are grabbing the spotlight from more sensational early projections of cancer-killing nanobots and self-assembling automobiles. The development of nanoscale materials (e.g., substances with particle size between 1 and 100 nanometers) is a key step in the eventual production of more sophisticated nanomachines, nanoelectronics and nanomedical devices. In fact, the move toward nanotechnology is a continuation of ongoing miniaturization efforts in many industrial sectors. Research has flowed in two directions: reducing the size of existing manufacturing materials such as metal oxides through the use of new production technologies, and developing entirely new materials such as nanotubes and buckyballs that are intrinsically nanosized.

These and other trends are presented in Nanomaterials, a new study from The Freedonia Group Inc., a Cleveland-based industrial market research firm.

The U.S. market for nanomaterials (which totaled only $125 mil. in 2000) is expected to surpass $1 bil. in 2007 and reach $35 bil. by 2020. Early growth will come from numerous niche applications that span the entire U.S. manufacturing sector. These include wafer polishing abrasives and high-density data storage media for the electronics industry; improved diagnostic aids for the medical community; transparent sunscreens, stain-resistant pants and wear-resistant flooring for consumers; cost-cutting equipment coatings for the defense industry; fuel-saving components for the auto industry; and better paper and ink for the printing industry. In the long run, however, the best opportunities are expected in health care and electronics, which together are expected to comprise nearly two-thirds of the market by 2020.

Conventional products - essentially smaller versions of extant products, such as silicon dioxide, titanium dioxide and clay - are expected to register robust growth both through the forecast period and beyond. Already, these materials have established a market presence in such applications as sunscreens and chemical mechanical polishing (CMP) slurries. Conventional nanomaterials will account for the large majority of overall demand for the foreseeable future. However, new nanomaterials - many of which are yet to be commercialized - are expected to register even better growth, from a negligible base in 2002. Carbon nanotubes, the likely anchor product of the new materials category, are finding use now in specialty composites and in fluoropolymers.

Nanomaterials (published 07/2003, 379 pages) is available for $3,800 from The Freedonia Group Inc., 767 Beta Drive, Cleveland, OH 44143-2326. For more information, contact Corinne Gangloff, phone 440-684-9600; fax 440-646-0484; e-mail pr@freedoniagroup.com ; or visit www.freedoniagroup.com.

Links

Did you enjoy this article? Click here to subscribe to Adhesives & Sealants Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

In-Depth Features

These articles detail advantages and innovations for multiple end uses.

Podcasts

ExxonMobil Tackifier Expansion

Dwight Tozer, vice president of ExxonMobil’s Adhesion Industry business, discusses the company’s latest tackifier expansion project with Editor-in-Chief Susan Sutton.

More Podcasts

THE MAGAZINE

Adhesives & Sealants Industry Magazine

ASI April 2014 cover

2014 April

Our April issue focuses on pressure-sensitive adhesives, including a preview of PSTC's 2014 Tape Summit, as well as converting/packaging and composites!

Table Of Contents Subscribe

THE ADHESIVES STORE

handbook-sealant-tech.gif
Handbook of Sealant Technology

The Handbook of Sealant Technology provides an in-depth examination of sealants, reviewing their historical developments and fundamentals, adhesion theories and properties, and today’s wide range of applications.

More Products

asi1211p_Cover-DE.gifASI's Buyers' Guide

Annual purchasing resource for equipment used in the manufacture/formulation of adhesives, sealants, pressure sensitives, tapes and labels and for application of finished adhesives. 

Clear Seas Research

With access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

facebook_40px twitter_40  youtube_40pxlinkedin_40