Nanomaterials a bright spot in high-tech market for 2009

December 9, 2008: Despite a sluggish forecast for the overall high-tech industry in 2009, nanomaterials consumption for electronics applications will grow 40% in 2009, according to a recent report from The Information Network, a New Tripoli, PA-based market research company.

“Nanomaterials utilization in semiconductor applications will have a 62.6% share of the $800 million market in 2009, primarily because of utilization of designer molecules for DUV photoresists and for slurries for chemical mechanical planarization,” noted Robert Castellano, president of The Information Network. “Nanotubes and nanowires will enter the semiconductor market after 2010 and begin to gain share.”

The primary application for nanomaterials in the solar sector will be for CIGS-based (copper indium gallium selenide) cells, where nanoparticle ink can be printed onto a roll of conductive substrate material. The process is many times cheaper and faster than conventional semiconductor processing methods.

However, the Semiconductor sector will lose market share to sensors and RFID, and by 2015 its share will have dropped to 58.1% of the nearly $7 billion market for nanomaterials. The nanomaterial market is expected to grow at a compound annual rate of more than 40% between 2008 and 2015.

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