Energy applications on the upswing

According to a technical market research report, Nanostructured Materials for Energy, Catalysis & Structural Applications from BCC Research, the global market for nanoparticles in energy, catalysis & structural applications will be worth $ 364.9 million in 2007. This is expected to increase to over $ 1.3 billion by 2012, a compound average annual growth rate (CAGR) of 29.8%. Catalytic applications account for the bulk of the market. Worth an estimated $ 200.6 million in 2007, this segment is growing at a slower rate than either energy or structural applications. As a result, catalysis applications’ market share is projected to drop to 26.6% by 2012 and be worth $ 357.3 million.kem