Report predicts high growth

The global market for nanoparticles in electronic, magnetic and optoelectronic applications will be worth $521.9 million in 2007, according to a new technical market research report, Nanostructured materials: electronic/magnetic/optoelectronic (NAN017F), from BCC Research.

This is expected to increase to over $1.7 billion by 2012, a compound average annual growth rate (CAGR) of 16.5%.

The market is broken down into applications of electronic, magnetic and optoelectronic applications. Of these, electronic applications hold the largest share of the market. Worth an estimated $433.7 million in 2007, this segment is expected to be worth $894.6 million in 2012, a CAGR of 15.6%.

The second largest segment in 2007, cosmetic applications are expected to decline at an average rate of almost 19% per year and, as a result, their market value is projected to be $25.4 million in 2012. Optoelectronic applications’ share should grow from 3.1% to 18% between 2006 and 2012 and reach $201.4 million.