Ceramic Industry

BCC: Report On Smart Materials Market

December 5, 2005
According to "RGB-154N Smart Materials: A Technology and Market Assessment" from Business Communications Co., Inc., the worldwide smart materials market is estimated at $8.1 billion in 2005 and is expected to rise at an average annual growth rate (AAGR) of 8.6% to $12.3 billion in 2010. Smart materials studied in this report include piezoelectric, magnetostrictive, electrochromic, thermoresponsive and electrostrictive materials. Piezoelectric materials, including categories such as crystals, ceramics, polymers and composites, are one of the primary categories of smart materials, with nearly 50% of the total market.

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