Global nanomaterial demand to quadruple by 2011

20 August 2007 16:06  [Source: ICIS news]

LONDON (ICIS news)--New applications in oxides and metals are expected to quadruple nanomaterial demand in the next four years to $4.2bn (€3.1bn), said a report by US research group Freedonia on Monday.

 

In the longer term, global demand was expected to swell the market to $100bn in 2025.

 

The current $1bn nanomaterial market is mainly concentrated in the US, Western Europe and Japan. Its applications include wafer polishing slurries in semiconductor manufacturing, high performance plastic composites, self-cleaning glass, sunscreens and high-end sports equipment.

 

“Although the electronics market is currently the largest outlet for nanomaterials, it is anticipated that healthcare applications will eventually be the leading global market, reaching $50bn by 2025,” said Freedonia.

 

The use of nanomaterials in healthcare would be concentrated in the US and western Europe - especially France and Switzerland - while electronics would remain the leading outlet in the Asia Pacific region, added the report.

 

By 2014, the nanotechnology sector would account for 15% of global manufactured goods output, according to the US-based Project on Emerging Nanotechnologies.

 

($1 = €0.74)

By: Mark Watts
+44 20 8652 3214

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