Growth rate of 25% per year expected for nanocomposites (February 01, 2005)

While still an embryonic segment of the plastics industry, nanocomposites are expected to be a major growth segment for the next few years. Market research specialists Principia Partners estimate that the US$75-million nanocomposites market will grow to more than US$250 million in 2008.

Principia Partners is conducting a study of the nanocomposites market, and will release a report, to subscribers only, in August 2005.

According to Principia, the leading nano-fillers in R&D and commercial programs are layered silicate nanoclays, nanotalcs, carbon nanotubes and graphite platelets. The commercial potential for carbon nanotubes has increased recently as prices have dropped — what was formerly available at nearly US$100 per gram can now be had in masterbatch form for less than US$1 per gram.