Monday, April 24, 2006

Tenfold growth for nano textiles?

Cientifica, an international consultancy, just released their predictions for nano-based textile markets. Cientifica reports that "textile applications of nanotechnologies are already a US$ 11 billion market, and will increase by a factor of ten by 2012."

Other predictions:

  • The market for textiles making use of nanotechnologies will reach US $13.6 billion by 2007, and expand to US $115 billion by 2012.
  • The value of nanomaterials supplied to the textile industry will reach US $8.6 billion by 2012.
  • Clothing textiles will still make up the largest share of the total textile market although sports/outdoor textiles and non-conventional technical textiles will exhibit far higher growth rates.
  • Nanotechnologies will provide incremental improvements to existing textile sectors, but offer the highest growth in the non-traditional sectors.

Click here for an executive summary in PDF format)