Global Market for NanoMaterials to Reach Close to $10 Billion by 2012, According to a New Report by Global Industry Analysts, Inc.
NanoMaterials are redefining trends in vital industries such as automobile, and paints & coatings among others. Nanocrystals and semiconductor quantum dots offer great promise due to tremendous potential advantages. Worldwide NanoMaterial revenues are projected to reach close to $10 billion by 2012, driven mainly by rising demand in nanoelectronics and healthcare markets.
San Jose, CA (PRWEB) October 29, 2008
Nanomaterials of all types are poised to register robust growth driven by growing interest from healthcare and electronics sectors. Oxides and metals are expected to capture a major share of global NanoMaterial revenues in the short-term. Emerging NanoMaterials such as single-wall nanotubes, and dendrimers are forecast to contribute significantly to market growth. In terms of end-use segments, healthcare and electronics dominate worldwide revenues for NanoMaterials (http://www. strategyr. com/Nanomaterials_Market_Report. asp). Also, exceptional growth is anticipated from end-use markets such as construction. Commercial usage of NanoMaterials is limited to few applications such as sunscreen lotions, wafer polishing, and treatment of textiles.
United States emerged as the largest regional market with an estimated US$1.12 billion revenues in 2008, as stated by Global Industry Analysts, Inc. Western Europe is the second largest regional market accounting for over 30% of global revenues. Asia-Pacific is projected to be the fastest growing market, with revenues poised to increase at a compounded annual rate of 38.7% over the analysis period 2002-2015. Worldwide NanoMaterial oxide (http://www. strategyr. com/Nanomaterials_Market_Report. asp) revenues are forecast to reach US$6 billion in 2013. Revenues for nano-metals are projected to approach US$3 billion by 2015. Carbon Nanotubes (http://www. strategyr. com/Nanomaterials_Market_Report. asp) is another billion-dollar segment expected to post double-digit growth through 2015. Electronics is the largest end-use market for NanoMaterials while healthcare is the most promising.
Key players in the nanomaterial space include AMAG Pharmaceuticals Inc., Advanced Nano Products Company Limited, Antaria Limited, Altair Nanotechnologies Inc., Apex NanoMaterials, ApNano Materials, Catalytic Materials, Dendritic Nanotechnologies Inc., eSpin Technologies Inc., Hyperion Catalysis International, ILJIN Nanotech Co Ltd., Integran Technologies Inc., Nanodynamics Inc., Nanoledge, Nanophase Technologies, Oxonica Plc., Shenzhen Nanotech Port Co Ltd., Sun Nanotech Company Limited and Xintek Inc.
"NanoMaterials: A Global Strategic Business Report" published by Global Industry Analysts, Inc., analyzes the global market with hard-to-find data and analytics for key regional markets such as the United States, Japan and Western Europe, alongside up and coming markets such as Asia-Pacific. The report provides a comprehensive review of market trends and issues, drivers, business profile, players, competitive landscape, recent developments, mergers, acquisitions, alliances, product launches and other strategic industry activities. Analytical estimates and projections are presented in terms of annual sales in US$ over the years 2002 through 2015. Product segments independently analyzed include Oxides, Metals, Carbon Nanotubes, Clays, and Others (Nanominerals, Nanocrystalline Materials, Nanowires, Quantum Dots, Dendrimers, and Polymer Nanocomposites). End-use sectors analyzed in the report include Electronics, Health Care, Construction, and Others (Aerospace & Defense, Automobiles, Cutting Tools, and Energy).
For more details about this research report, please visit http://www. strategyr. com/Nanomaterials_Market_Report. asp (http://www. strategyr. com/Nanomaterials_Market_Report. asp).
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (http://www. StrategyR. com/) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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