Nanocomposites Market to Rise to US$5.91 Billion in Five Years

A new report from Transparency Market Research reveals that the market for nancomposites — a category that includes graphene — is expected to be worth US$5.91 billion by 2018; it was worth just $1.91 billion in 2011.

As quoted in the press release:

Nanocomposites are made up of filler materials and surrounding matrix. The most commonly used filler materials are nanoclay (such as Laponite and Montmorillonite) that has a huge demand worldwide. Nanoclay accounted for over 41% of the global market share by product segment in 2011. This product segment is expected to show a CAGR of 17.4% between 2012 and 2018. Glass fibers and metal fibers are also in huge demand and are expected to be major markets in the coming years. Other nanofibers, platelets, carbon nanotubes and graphene are also expected to show healthy growth over the forecast period.

Click here to read the full Transparency Market Research press release.