BCC: Report On NanoTechnology Inputs For Consumer Products
April 25, 2005
According to "RGB-319 Nanotechnology for Consumer Products," a soon-to-be-released report from Business Communications Co., Inc. (BCC), the global value of the nanotechnology inputs used to produce consumer products is estimated at $6.8 billion in 2005, and is projected to reach $10.5 billion in 2010, an average annual growth rate (AAGR) of 9.1%. Nanoparticles (used chiefly in the production of automobile catalytic converters and tires) accounted for more than 90% of the nanotechnology inputs used in the production of consumer products in 2004. Most of the remaining consumer product nanotechnology consumption in 2004 consisted of organic light emitting diodes (OLEDs) used in mobile phone handsets and small appliances. By 2010, the structure of the market is expected to diversify considerably, with nanoparticles' share of total nanotechnology use in consumer products dropping from 92% to 72%. Nanostructured materials are projected to increase their share of the total market from 7.5% to 19%, and nanotubes from 0.002% to 8.3%. The use of nanocomposites and nanosensors in consumer products, while expected to grow over the next five years, should remain small in percentage terms.
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