The last few years have witnessed the development of polymer nanocomposites. The total market for polymer nanocomposites has reached a level of about 11KT, valued at about US$90 million in 2003, depicting a slow growth during the initial development years. With the initial developmental phase now coming to an end, experts believe that the market could grow more than three folds and reach a level of 36 KT, yielding an average annual growth rate of about 18 %.

Thermoplastics nanocomposites will grow more than 4 folds and will be the major contributors to this 25 KT increase. Thermoplastic nanocomposites are expected to reach a volume of 28 KT from the existing 6 KT. Thermosets however, are expected to slow down and reach a level of only 8 KT from the existing 5 KT. In fact, thermoset nanocomposites from the existing 48% are expected to retain only 30% share of the total polymer composite market.

A very interesting market research study conducted by Business Communications Company Inc. should be a very valuable tool to the compounders around the globe to consider the new exciting World of Polymer nanocomposites.