Demand for Nanomaterials Worldwide Will Increase More Than Twofold

Demand for nanomaterials worldwide will increase more than twofold to reach $5.5 billion by 2016, according to a new report from Freedonia. In the World Nanomaterials study, Freedonia attributes the growth of the market to increased market penetration of existing materials and ongoing development of new materials. Demand is currently strongest in developed markets, where companies usually manufacture their most technologically advance products, but through to 2016 the fastest growth in demand will be in China and India. The energy storage and generation market and the construction market will expand at the fastest paces through 2016. Growth in the electronics market, in contrast, while still robust, will trail all other markets. Source: www.plasticsnews.com