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Research and Markets Releases Report on Impact of Nanotechnology in Automotive Sector

Research and Markets has released a report titled "Nanotechnology in the Automotive and Transportation Industry: Applications and Markets to 2015".

Automotive producers are eager to make use of technologies which deliver cost-effective enhancements in performance and thus allowing them to meet strict legislative rules related to safety and emissions. With the introduction of nanomaterials, many processes and products are undergoing improvements in the automotive industry.

Carbon nanotube coatings are utilized for ESD and EMI for parts of fuel systems. Nanocomposites made from a variety of materials can be used for strengthening structures and safety. It also includes nanoadditives for lubricants, nanoparticle catalysts for fuel economy and self-cleaning, easy-clean, anti-abrasion, anti-fogging, self-repairing coatings and anti-corrosion.

Automotive companies including General Motors, Toyota, Rolls Royce, and Ford are all taking initiatives to develop technologies and to support in-house R&D by working with novel nanomaterials application developers both in the research community and business.

The first generation of products enhanced using nanomaterials with use in the automotive sector are also included. Second-generation products will include smart tires, fuel cells, multifunctional high-strength and lightweight structure materials, sensors and shape memory devices for future cars. This report includes the existing market size for first-generation products and predicts the economic status of the second generation products to be introduced in the next five to seven years.

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