DUBLIN, March 14, 2013 /PRNewswire/ --
Nanomaterials are materials for the future technologies with enormous potential. They are designed at the molecular or nanometer level. Relatively increased chemical reactivity and quantum effects make nanomaterials more cost-effective products in medium term.
There are several specific type of nanomaterials already developed in the marketplace and that have the potential to be used across various industries. This report focuses on Nano Magnesium Hydroxide.
Nano Magnesium hydroxide has various applications ranging from flame retardants to healthcare to functional fillers. Almost 70% of Nano Magnesium Hydroxide is presently used as a flame retardant by Cable and Wire industries. However, it also finds limited applications in other industries such as textile because of its ease of dispersion, production of chemicals especially polymers, building materials and in healthcare because of its antibacterial properties. The emerging application areas where research efforts are underway are in weaponry, aerospace, defense and specialty cables.
About 77% of the global consumption is in East Asia and North America. Despite its technical superiority, the cost and low awareness of the product has restricted its consumption. The price of the material is a factor of process of manufacturing along with the volumes ordered besides its size and purity. The hub for the manufacturers of Nano Magnesium Hydroxide is located in China and the United States of America, accounting for 80% of the global capacity. There is large underutilization of existing production capacity due to less demand. The Indian market is still in the process of development due to lack of awareness.
It is expected that the market for Nano Magnesium Hydroxide will reach 646 MT in 2015 despite its high cost, lack of awareness. The report provides input on some of the key manufacturers and end users in the Nano Magnesium Hydroxide market.
- US Research Nanomaterials, Inc.
- Beijing DK Nano technology Co. Ltd.
- Hangzhou Wan Jing New Material Co., Ltd.
For more information visit http://www.researchandmarkets.com/research/m8sgq6/global_market_for
SOURCE Research and Markets