U.S. Demand for Nanotechnology in Construction Applications to Approach $100 Million in 2011
Tuesday July 24, 1:34 pm ET
CLEVELAND, OH--(MARKET WIRE)--Jul 24, 2007 -- Construction is one area where several "here and now" applications, such as specialized coatings and self-cleaning glass, have already emerged for nanotechnology. While current use is limited (demand in 2006 totaled less than $20 million in the U.S.), the market for nanomaterials used in construction is projected to reach $100 million in 2011 and approach $1.75 billion in 2025. Nanomaterials offer a myriad of improved performance properties for adhesives, concrete, coatings, flooring, glass, lighting equipment, plumbing fixtures, and other construction products. These and other trends including market share and industry leaders are presented in "Nanotechnology in Construction," a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm.
Coatings are expected to constitute the largest application for nanomaterials in construction. Architectural paints, water sealers and deck treatments, and treatments applied during fabrication, such as scratch-resistant coatings on vinyl or wood flooring, all present substantial market opportunities for nanomaterials. Performance attributes that make them useful in coatings applications include transparency, photoreactivity, UV blocking, and stain and odor resistance. Additionally, they can be used in coatings that create self-cleaning surfaces similar to those now being engineered into window glass and plumbing fixtures.
A number of other applications are also notably promising. Silica and other materials are finding use in high-performance concrete. Materials such as nanoscale silver incorporated into adhesives can impart conductive properties, increase strength, or protect them from microbial attack. Composites with oxides and clay reinforcements are being developed for use in insulation, roofing materials, vinyl siding and flooring.
Newer nanomaterials such as carbon nanotubes and buckyballs have been the focus of considerable enthusiasm and are likely to become more commonplace in the coming years. However, they will take a backseat to metal oxides in construction, because oxides are far less expensive and will therefore be more widely used in architectural paints, functional coatings and adhesives; and as reinforcements for high performance concrete and plastic composites.
Source: Freedonia Group, Inc.
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