Declining Growth in Downstream Markets Slows Projected Growth for Nanomaterials, Reports Lux Research
-- Some nanomaterials and intermediates will struggle more than others. Among nanomaterials, carbon nanotubes and ceramic nanoparticles will suffer the most due to their broad exposure to automotive and construction. Nanocomposites and coatings will see the biggest declines among nanointermediates. -- Geographic influences could shift market share. While the U.S. and Europe will still account for more than two-thirds of emerging nanotech revenue through 2015, expect to see their shares dropping 2-3% each, relative to Lux's previous forecast. Asia/Pacific's revenues should rise by 5% due to its relatively more competitive automotive industry. -- The economy offers an edge to large corporations, and challenges to start-ups. The down economy invites well-resourced incumbents to renew and reposition their technology portfolios by snapping up struggling small companies on the cheap. Cash-strapped start-ups, meanwhile, will need to make cash conservation a priority until markets revive."Government nanotech initiatives will also need to change tack in order to sustain anticipated payback in jobs and GDP growth," said Bradley. "Rather than tax credits, they'll need to offer more creative incentives like R&D grants to help struggling start-ups survive the recession." "The Recession's Ripple Effect on Nanotech" is part of the Lux Nanomaterials Intelligence service. Clients subscribing to this service receive continuous research on nanotech industry market trends and forecasts, ongoing technology scouting reports and proprietary data points in the weekly Lux Research Nanomaterials Journal and on-demand inquiry with Lux Research Analysts. About Lux Research Lux Research provides strategic advice and on-going intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients. Visit www.luxresearchinc.com for more information.
Contact Information: Contact: Carole Jacques Lux Research, Inc. 617-502-5314 carole.jacques@luxresearchinc.com