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Global Nanomaterials Opportunity and Emerging Trends
Lucintel Brief
Published : December 2014
Table of Contents
• Executive Summary
• Nanomaterials Market Outlook
• Market Trends and Opportunities
• Growth Opportunities in 2014 and Beyond
• Strategic Growth Opportunities
• About Lucintel
2
Executive Summary
3
• Global nanomaterials market was estimated at $2.5 B in 2013, and is likely to grow at a CAGR of
~16% in the next six years to reach $6.1 B in 2019
- Carbon Nano Tubes (CNTs) and nanoclay materials holds major percentage share in the global
nanomaterials market, followed by metal nanopowders and quantum dots
- Graphene market is gaining wider acceptance, and is growing rapidly, driven by better price
performance ratio compare to that of other competing materials
- Major market drivers for healthy growth of the nanomaterials market are new product developments,
patent filings, mergers, collaborations and other alliances
• Major drivers and trends shaping the global nanomaterials market are:
• Government funding to encourage nanotechnology
• Ongoing research & development to identify new and emerging applications and materials
• Collaborations and joint product development between material suppliers, universities and
Government bodies
• Continuous focus on property improvement and part performance will drive the usage of
nanomaterials in future
• Major suppliers having significant contribution in the development of the nanomaterials market are
Clariant, Showa Denko, Arkema, Nanocore, Umicore, and many more
Table of Contents
• Executive Summary
• Nanomaterials Market Outlook
• Market Trends and Opportunities
• Growth Opportunities in 2014 and Beyond
• Strategic Growth Opportunities
• About Lucintel
4
Nanomaterial
Nanomaterials Market Overview
Carbon
Nanotubes Graphenes
Metal
NanopowdersQuantum DotsFullerenesNanoclay
• Excellent
mechanical
properties
• Reduce weight
• Radio
transparency
• Crack/vibration
resistant
• Excellent
thixotropic
agent
• Improve gas &
liquid barrier
properties
• Enhance flame
retardant
• Reduces
weight
• Provide
flexibility
• Good
mechanical
properties
• Improved
chemical
properties
• Resist
deformation
• Automotive
• Plastics
• Pipe & Tank
• Packaging
• Paint & Coating
• Consumer
goods
• Energy
• Sporting Goods
• Aerospace
• Polymer &
Ceramics
• Medical
Be
ne
fits
Ind
us
try
• Computing
Devices
• Medical
• E&E
• Solar Energy
• Energy
• E&E
• Automotive
• Medical/Health
Care
• Sporting Goods
• Energy
• Bio Medical
Devices
• Energy Storage
Devices
• E&E
• Industrial
• Healthcare/
Medical
• Energy
• E&E
• Consumer
Goods
5
• High extinction
co-efficient
• Excellent
optical &
thermal,
electrical and
mechanical
properties
Nanomaterials Value Chain
Nanomaterial:
~$ 2.5 B (2013)
Nano-
Intermediates
Nano-
enabled
Products/
Components
End
Market/OEMs
Nanoclays• Clariant
• Elementis
• Nanocore
CNTs• Showa Denko
• Nanocyl
• Cnano Technologies
• Arkema
• Toray
Nanocomposites• Basell Polyolefins
• BASF
• Dow Automotive
• GE Advanced Materials
• Hyperion Catalysis
• Mitsui Chemicals
• Polykemic
• PolyOne Corp.
Paints/Coatings• BASF
• Akzo Nobel
• PPG Industries
Ceramics & MMC• Honda Motor Co.
• Nissin Kogyo
• NKK
Auto: Tier 1 Suppliers• ArvinMeritor
• Borg-Warner
• Bosch
• Denso Corp.
• Delphi
• Federal Mogul
• Johnson Controls
E&E
Automotive• BMW, Daimler, Fiat, Ford,
GM, Hyundai, Porsche
Aerospace & Defense• Boeing, Airbus, Lockheed
Martin
Sporting Goods• Easton Sports, Yonex,
Wilson
Aero: Tier 1 Suppliers• Spirit AeroSystem
• Triumph Aerospace
6
Fullerenes• Alfa Aesar
• Frontier Carbon
• Jenlaur
Graphene• Ningbo Morsh
Metal Nanomaterial• Umicore
Construction
Medical• GE Health Care, Siemens
E&E• Samsung, Nokia
Current and Potential Applications of Nanomaterials
Meat & Food Packaging
Computers & Electronics
Medicines & Pharmaceuticals
Beer Bottles
Packaging
Conductive Flooring
Pipes
Insulating Materials for Roofs & Thatches
House & Building Siding
Self Cleaning Windows
Construction
Engine, Powertrain & Fuel Systems
Scratch Resistant Exterior Paint and Coatings
Car Interior
LED Lights
Batteries
Transportation
7
Health Care
Consumer Goods
Body implants
Medical devices
Dental filling materials
Others
Anti-foul coatings for marine ships
Industrial equipment to increase strength
Fire resistant clothes
Sensors
Semiconductors
Hard disk storage in computers
Electrical & Electronics
Energy
Home appliances
Sporting goods & toys
Furniture & others
Battery electrodes
Fuel cell membranes
Supercapacitors
Current and Potential Applications of Nanomaterials
Contd..
Aerospace & Defense
Aircraft Structures
Wear Resistant Paints & Coatings
for Defense Vehicles
8
Table of Contents
• Executive Summary
• Nanomaterials Market Outlook
• Market Trends and Opportunities
• Growth Opportunities in 2014 and Beyond
• Strategic Growth Opportunities
• About Lucintel
9
External Forces Shaping the Nanomaterials Industry: Future
Innovations in this Space will Drive the Growth of Nanomaterials
10
Nanomaterials
Industry
SuppliersCustomers
Competitors
WorkforceTechnology
Regulators
Material specialization
Processed raw
materials
Competition from
emerging economies
Consolidation
Non-traditional/new
entrants
Focus/specialization
Skills
Location
Global recession
Political instability
Technical Service
Specialization
Efficiency
Value-added
Marketing
DestabilizersDistributors
R&D and Innovation
to reduce cost
Cost effective
technology
Process improvement
Quality control
Capital
Environmental
& human
safety
regulations
Govt.
subsidies
Global platforms
Technical service
Partnership
Application development
High perceived value
Awareness
10
Global Nanomaterials Market Trend and Forecast ($ B)
2008-2019
Global Nanomaterials Market Trend and Forecast (2008-2019)
6.1
2.5
1.6
$B
7
6
5
4
3
2
1
0
16%
201920132008
10%
Key Insights
11
• Global nanomaterials market was
estimated at $2.5 B in 2013 and is likely
to grow at a CAGR of 16% in next six
years to reach $6.1 B in 2019
- Carbon Nano Tubes (CNTs) holds
major percentage share in Global
nanomaterials market and is expected
to grow at double digit growth in the
next six years
- Increasing awareness, Government
funding, increasing acceptance across
industries and ongoing research and
development to identify newer
applications and new materials are the
major drivers shaping nanomaterials
market
Automotive
Nanomaterials
Market
E&E
Health/
Personal
Care
Energy
Others
(Sporting
Goods, etc.)
Major Drivers• Light weight
• High strength
• Electrical
conductivity
• Diagnostics
• Efficient drug
delivery
• Increase
efficiency
• Efficient
Storage
•Strength to
weight ratio
•Crack & vibration
resistance
Major
Applications
Engine & Powertrain
Tires Paint &
Coating
Racquets Archery
KayaksGolf
FEDs
Nano electronic
Devices
Medicines
Medical Equipment
& Devices
Wind Energy
Solar Energy
Major Drivers, Market Potential and Applications: Global Nanomaterials
Market
12
Table of Contents
• Executive Summary
• Nanomaterials Market Outlook
• Market Trends and Opportunities
• Growth Opportunities in 2014 and Beyond
• Strategic Growth Opportunities
• About Lucintel
13
CA
GR
(2013-2
019
)
Market Size (US$ M)
Health Care Industry is Expected to Gain Market Share and Overtake
E&E Segment in Size Over Next Five Years
14
+
+
–
–
Health care
Energy storage
E&E
Transportation
Construction
+
Key Insights Growth Opportunities for Nanomaterials in
Various Industries
14
• Nanomaterials have great potential in
electrical and electronics applications
because of their extraordinary electrical
conductivity
• Packaging is another important segment,
flourishing mainly in North America and
Western Europe
• Energy segment is also expected to
grow at a double digit growth
Emerging
Trends in Global
Nanomaterials
Market
Lucintel Predicts Five Key Emerging Trends Shaping the Global
Nanomaterials Market
Trend AGrowing demand for high
strength, durable structural
materials
Trend BNew material and product
development
Trend CExisting and emerging
applications driving
nanomaterials market
Trend DGovernment support, R&D
funding and Joint Product
Development
15
Trend A: Continuous Focus on Property Improvement and Part
Performance Will Drive the Usage of Nanomaterials in Future
16
Str
en
gth
(M
pa
) t
o W
eig
ht
(g/c
m3
)
Temperature in 0C
00
100
200
400
1000
500 1000 1500
5000
2000
Future Requirement
Future Requirement
0.0
1.0
2.0
3.0
4.0
5.0
SpecficStrength
SpecificModulus
PriceTemperatureResistance
Density
CMC TiAl Nickel Alloy
Titanium Alloy Steel
0.0
1.0
2.0
3.0
4.0
5.0
SpecficStrength
SpecificModulus
PriceTemperatureResistance
Density
Nano Composites Carbon Composites
Aluminum Alloy
Continuous Focus on Property Improvement and Part Performance will
Drive the Usage of Nanomaterials in Future
Airframe Engine
17
@500 ̊C @500 ̊C
/lb /lb
Contd..
18
The new wingtip fairing is being made for one-tenth of
the cost of the equivalent CFRP component90%
30%
15,220
2,505
147140
1.2
2.7
Strength
(MPa)
Stiffness
(GPa)
Density
(g/cc)
CFRP CNRP
Lockheed Martin Incorporated CNRP into F35 Lightning II Wingtip
Fairings Resulting in Significant Cost & Weight Reduction
Advanced Polymers Engineered for the Extreme (APEX) Technology: A Light-weighting Initiative
Typical CNRP Property Comparison with CFRP
Carbon Nanotube Reinforced Polymer (CNRP) Wing Tip Fairings Benefits over CFRP
Lockheed Martin has identified more than 100 additional parts for potential APEX insertion into the
F-35 to achieve additional cost savings
Upto 30% of light weight as compared to CFRP componentLight-weighting
Cost Saving
• Low cost LED
devices
• Temperature
performance
Unmet Needs Industry Served Benefits Derived
Trend B(i): Increasing Adoption of Nanomaterials to Improve Mechanical
& Chemical Properties of End Parts at Reduced Weight and Prices
19
• Automotive & Mass
Transportation
• Construction &
Infrastructure
• 25% cost reduction of LED
devices
• 43% Component count
reduction
• 24% assembly cost
reduction
Relative
ImportanceApplication
LED Lights
• Nano Ceramic
Aluminum
Nanomaterial
Used
Application Developer: Cambridge Nanotherm
Batteries
• Carbon
Nanotubes
• Carbon
Nanowires
• Environmental
friendly
• Smaller in size
• Low cost
• Transportation
• Energy
• Healthcare
• Defense
• Electronics
• Reduction in toxicity of
electrolyte solution
• Significant reduction in size
of the batteries
• Prevents loss of active
materials during storageApplication Developer: mPhase Technologies
Not Available • Anti-Icing
solution with
improved
resistance to
corrosion
• Wind Energy • Prevents ice formation
• Improves efficiency
• Sustain & improves
corrosion resistance
property of a blade
Application Developer: Gamesa
Blade Paint
Importance to Industry High Low
20
Innovation
Description
Material
Name
Company
Launched
Market
Served
Innovation Attractiveness
Ease of
Integration
Application
Enhancement
Market
Acceptance
Attractive product launches in intermediates
Hybrid
glass/carbon fiber
nanofabric
Not
Available
Carbon
Composite
Technologies
Wind-Energy,
Aerospace,
Armor, Marine
and Automotive
Nano Adaptive
Hybrid Fabric
Fuzzy
Fiber
URDI, Goodrich,
Owens Corning,
Renegade
Materials
Wind-Energy NA
Nanocomposite
PrepregArovex HT Zyvex Sporting Goods
Trend B(ii): Product Launches in Nanomaterial
Degree of Attractiveness High Low
Contd..
Trend C: Applications driving Opportunities in the Automotive, Medical
and Energy Industries
Key Insights
• Nanocomposites exhibits excellent
mechanical properties, dimensional
stability, impact and scratch resistance,
better thermal properties, etc.
• Energy industry can also be benefitted
with the nanotechnology ensuring better
efficiency in energy production and
storage
• Major driver in increasing usage of
nanocomposites in automotive
applications are reduction in vehicle
weight and improved engine efficiency
(ensuring better mileage and emission
reduction)
Engine and Powertrain
Suspension & Braking
System
Wind Energy
Lubricant
LED Lights
Engine Cover
21
Medicines
Medical Equipment &
Devices
Solar Energy
• A $3 million Ohio Third
Frontier award to the
University of Dayton
Research Institute will
help in ramping up the
production of a new
carbon nanomaterial
Trend D (i): Government Support and R&D Funding to Universities, Technology Centers and Material Suppliers
22
• The Massachusetts
Institute of Technology
researchers have
produced carbon fibers
coated with carbon
nanotubes that sustains
the mechanical properties
of the base fibers
• The U.S. Department of
Energy (DOE) Grant to
Georgia Institute of
Technology to develop an
additive manufacturing
technique for fabricating
three-dimensional (3D)
nanoscale structures from
a variety of materials
• The investment agreement
worth $4.3 Million between
DowAksa &
Nanotechnology Center of
Composites to develop
nanocomposites solution
benefiting customers
Trend D(ii): Collaborations and Joint Product Development between Materials Suppliers, Universities and Government Bodies
23
Contd…
Table of Contents
• Executive Summary
• Nanomaterials Market Outlook
• Market Trends and Opportunities
• Growth Opportunities in 2014 and Beyond
• Strategic Growth Opportunities
• About Lucintel
24
Three Growth and Profit Scenarios in Nanomaterials Market
Identify unmet needs in
existing applications
Strategic alliances across
value chain nodes
Scenario 1:
Expand Core Business
Scenario 2:
Growth Segments and
Application Development
Scenario 3:
Emerging Region
Target growing segments
such as automotive, medical
Focus on growing Graphene
market
Develop cost effective
solutions for composites
Growing paint and Coatings,
composites, and E&E market
in Asia will drive the higher
consumption of
nanomaterials
25
Table of Contents
• Executive Summary
• Nanomaterials Market Outlook
• Market Trends and Opportunities
• Growth Opportunities in 2014 and Beyond
• Strategic Growth Opportunities
• About Lucintel
26
About Lucintel
Vision:
• Passion for data, insights, strategy and innovation. Empower companies to take better
decisions
History
• Founded in 1998
• Over 120 analysts / consultants. Global presence
Industry Leadership
• Over 1000 clients from 70 countries – Fortune 500 companies
• Fifteen years of proven management consulting and market research experience
• Panelists and key note speakers at leading conferences
Services:
• Market entry strategy, M & A services, strategic consulting, due diligence, growth
finance,
competitive assessment, and opportunity screening
27