Opportunities for Nanomaterials as Conductive Coatings
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Recently completed market analysis conducted by NanoMarkets and published in our recent study, “Conductive Coatings Markets: 2009 and Beyond” indicate that by far the fastest growing opportunity in the conductive coatings market at the present time lies in the area of nanomaterials. While negligible in 2009, NanoMarkets expects sales of conductive coatings using nanomaterials to reach more than $625 million by 2016.
There are two reasons for this rapid growth. First, nanomaterials offer superior conductivity. They are often inherently more conductive than the equivalent non-nano formulations. Metallic nanoparticles are, for example, more conductive than simple metallic powders because of the higher surface area to volume ratio of nanoparticles. In other cases-carbon nanotubes are a good example here-the additional conductivity is due to the physical characteristics of the nanostructure. Note that this is something quite new in the development of conductive coatings. In the past, deviations from the use industry standard metallic coatings-to metallic compounds or conductive polymers, for example-have been prompted not by improved conductivity, but rather by reasons of cost, environmental suitability or other secondary physical characteristics such as ease of deposition.
Second, there is a growing list of applications for conductive coatings where this extra conductivity is more than just an advantage; it is actually a key market enabler (at least potentially) for the success of new products. While enhanced conductivity is presumably always a good thing to have in conductive coatings, conductive nanocoatings with commercial potential can actually prove to be an enabling technology. A case in point is in thin-film photovoltaic cells, where the primary measure of performance is energy conversion efficiency. It has been shown in the lab that the best performing cells, the champion cells, as they are called, depend heavily on the quality of their electrode materials. In some cases, certain kinds of photovoltaic materials may only be commercially useful in a given application if the conductive coatings used for electrodes are conductive enough to provide for adequate photovoltaic efficiencies. Some future breakthrough in conductive nanomaterials could, for example, enable organic photovoltaic cells to become useful in areas ruled out today by the current low efficiencies.
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