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[September 2002]
Nanomaterials Market Growth and Barriers to be Explored at Conference
The global market for nanoparticles is rising at an 12.8% average annual rate and is expected to reach US$900.1 million in 2005, according to Business Communications Co Inc, publisher of the 'Opportunities in Nanostructured Materials' report series and host of the upcoming conference, Nanoparticles 2002. This will take place in New York City from 27-30 October 2002.According to the BCC report - which covers the technology, industry, applications and market for nanoparticles - applications including automotive catalyst supports, biodiagnostics, chemical-mechanical planarisation (CMP) slurries, magnetic recording tapes, optical fibres and sunscreens account for over 90% of the world nanoparticle market.
By 2005, BCC forecasts that nanoparticles will emerge as a solution for a number of new applications, from photocatalysts and low-voltage phosphors to orthopaedic products. Other potential nanocrystal applications, including drug delivery agents and quantum optical devices, are not expected to be commercialised in the near term.
Among the most important factors influencing growth in the various market segments in the near term is competition from more cost-effective materials and alternative process technologies.
During the past five years, the Nanoparticles Conference has evolved with the industry and research community, each year covering a range of technology and business topics relevant to producers, end users, researchers and investors in the nanomaterials field.
Nanoparticles 2002 will include two full days of invited oral presentations, a pre-conference tutorial workshop entitled 'Engineered Particulate Systems: From Synthesis and Surface Treatment to Targeted Applications', a product exhibition, a technical poster session and numerous networking opportunities.
For full details, e-mail: conference@bccresearch.com
ENDS