ONLINE EXTRA: Market Forecasts

February 1, 2011
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OLED Lighting Materials Sales to Reach $1.4 Billion by 2015

The market for materials used in OLED lighting will generate almost $1.4 billion in 2015, according to a new report from industry analyst firm NanoMarkets. OLED Lighting Materials Market Trends and Impact is the next in a series of reports that examines the commercial opportunities arising from the emerging OLED lighting market.

Key findings of the report include the following.

Among the various electronics materials used in OLED lighting stacks, electron transport layer (ETL) materials will contribute the largest revenues, with $370 million in sales in 2015. Many ETL materials, including carbon nanotubes, are currently being tried out by the industry.

Sales of emissive layer materials for OLED lighting are expected to reach almost $210 million by 2015. This is an area that has become widely protected by patents by many of the active suppliers.

Substrates and encapsulation will together account for almost 20% of the OLED lighting materials market in 2015. NanoMarkets believes that, in the next decade, steady growth will occur in the use of plastic film and flexible glass substrates for OLED lighting, as well as flexible encapsulation systems. This will reflect the inexorable trend toward R2R manufacturing that has already begun.

For additional details, visit www.nanomarkets.net.

U.S. Abrasives Demand to Reach $5.7 Billion in 2014

U.S. demand for abrasives is forecast to increase 4% per year through 2014 to $5.7 billion, with raw material demand reaching $1.2 billion. Gains will be driven by a rebound in durable goods manufacturing activity as the economy recovers from the sharp slowdown of the 2004-2009 period. However, an expected moderation in abrasives prices through 2014 will hold back value gains to some extent. These and other trends are presented in Abrasives, a new study from The Freedonia Group Inc.

Durable goods manufacturing markets will continue to comprise the majority of abrasives demand, accounting for 74% of the total in 2014. The U.S. motor vehicle market will offer the best prospects for abrasives, as motor vehicle production is expected to post double-digit gains through 2014, coming off of a depressed 2009 base. Abrasives sales in markets such as primary metals and machinery will log solid gains as the economy strengthens and demand for capital equipment and related components increases. Healthy gains are also expected for abrasives in other markets, particularly construction, which will benefit from a recovery in residential construction spending through 2014.

Nonmetallic abrasives (e.g., coated and bonded abrasives, and loose grains and powders) are forecast to outperform metallic abrasives through 2014. Demand for nonmetallic abrasives will be supported by strong increases in the use of loose abrasive grains, as well as by a continuing shift in the product mix toward higher-value products such as garnet and manufactured diamond. Coated abrasives will log solid increases, aided by growing use of more costly but better-performing abrasive grains.

Increases in abrasive raw material demand will be led by manufactured minerals, as superabrasives like manufactured diamond and cubic boron nitride continue to be used extensively due to their hardness and superior performance characteristics. These materials offer increased productivity (e.g., they last longer than conventional materials, thus requiring fewer changeovers) and improved operating efficiency. Demand for natural minerals (e.g., silica sand, pumice) used in abrasive applications will be limited by competition from better-performing manufactured alternatives.

For additional details, visit www.freedoniagroup.com.

Global Renewable Energy Market to Be Worth $331 Billion in 2015

The value of the global market for renewable energy was nearly $225 billion in 2010, but is expected to increase to $331 billion in 2015, for a five-year compound annual growth rate (CAGR) of 8.1%, according to a new technical market research report from BCC Research.

The largest segment of the market, wind energy, is projected to increase at a CAGR of 6% to $87 billion in 2015, after being valued at an estimated $65 billion in 2010. The second-largest segment, hydroelectric energy, is estimated at $62 billion in 2010, but is expected to increase at a CAGR of 3.5% to reach nearly $74 billion in 2015.

The solar energy segment will have the highest rate of growth in the next five years, with a CAGR of 17.1%, rising from an estimated $44 billion in value in 2010 to $97 billion in 2015.

For additional details, visit www.bccresearch.com.

Thin-Film PV Substrate and Encapsulation Market to Reach $1.3 Billion by 2015

While glass will continue to dominate substrate and encapsulation materials used for thin-film photovoltaics (TFPV), new materials including metal foils, plastics, ceramics, and composites will grow rapidly in importance, according to a new NanoMarkets report. These new materials will mainly be used to support flexible PV in order to reduce PV panel costs using R2R processes and the rise of intrinsically flexible products, most notably those used for building-integrated PV (BIPV).

The TFPV substrate/encapsulation market is expected to reach $1.3 billion by 2015 and $1.8 billion by 2017, according to the report. While some of the most advanced encapsulation systems have proved difficult to develop and come with a high cost, these systems are beginning to make economic sense in several areas, most notably in the CIGS sector.

For additional details, visit www.nanomarkets.net.

Global Fiber Glass Market Report Released

Research and Markets recently released Global Fiber Glass Market Report: 2010 Edition. Geographically, the U.S. is the largest market for fiber glass, both in terms of production and consumption. Among emerging markets, China has been the largest producer and, in the coming years, is expected to become the largest consumer of fiber glass worldwide, surpassing the U.S.

The global fiber glass industry has consistently shown an increasing performance for the past few years, due to its versatile performance and low cost, and is expected to grow in the coming years as well. The growing demand of alternate sources of energy-mainly wind energy-also tends to increase the demand of fiber glass.

For additional details, visit www.researchandmarkets.com.

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