The Global Market for Nanotechnology is Projected to Reach US$110 Billion by 2022

Strategic Business, Economic, Societal & Environmental Benefits & Growing Diversity of Applications Drive Interest in Nanotechnology, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Nanotechnology market. The global market for Nanotechnology is projected to reach US$110 billion by 2022, driven by the growing R&D efforts directed at enabling the development of diverse nanotech-based solutions in materials science and engineering.

Qualifying as a technology that has the potential to have a significant impact on the world economy, nanotechnology is witnessing massive interest worldwide. The technology lays down the guiding principles for a green and sustainable economy and is therefore forecast to find attractive opportunities in the field of energy generation and clean technologies. Developments in nanomaterials for energy storage, energy conversion, construction, healthcare, water treatment, and environmental remediation, among others will positively impact business opportunities in the market. The coming years are forecast to witness nanotechnology developments reach critical mass and radically change the dynamics of a broad range of vertical industries such as electronics & semiconductors, chemicals, pharmaceutical & healthcare, aerospace & defense, automotive, and food industries. The world today is reaping the benefits of current generation commercialized nanotech solutions in the form of slimmer and lighter display screens for consumer electronics; stronger, durable and self-healing construction materials; intelligent biocompatible compounds for smart drug delivery; lighter, stronger and fuel efficient vehicles; cleaner energy generation, distribution, storage, and usage; and interactive, anti-microbial & smart food and drug packaging with the ability to sense biochemical or microbial contaminants.  

New and emerging applications in energy, construction, textiles, agriculture, environment protection, cosmetics and sporting goods augur well for the future of nanotechnology. Use of flexible nanoparticles in cosmetic products; application of nanocoating in mobile devices, and use of silver nanotubes for water purifiers, dust, stain or water proof resistant textiles indicates expanding opportunities for nanotechnology beyond its traditional end-use segments to new and emerging market segments. Potential nanotech opportunities will also arise from telecom and information technology industries. With a line-up of already successful products and many more to be commercialized in coming years, commercial expansion of nanotechnology is poised for strong growth. Over the last few years, the market has witnessed a significant drop in prices of nanoclays and carbon nanotubes, thus helping broaden application possibilities into a wider spectrum of industries. Rising number of production facilities and number of companies foraying into the market augurs well for the future of nanotechnology.

As stated by the new market research report on Nanotechnology, the United States represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 24% over the analysis period. The growth in the region is driven by booming electronics industry in South Korea, Taiwan, China and Singapore, steady R&D investments on wide range of nanomaterials, growing focus of governments in developing Asian countries on clean energy; and significant R&D interest in nanotechnology as a platform for enabling performance and quality improvements of manufactured products especially in export oriented economies which seek to retain manufacturing competitiveness and excellence in the international market. NanoMaterials represents the largest market segment accounting for a majority share of total dollar sales with most contribution coming from nanocomposites and highly popular nanoparticles such as nanofibers, nanotubes and nanoclays. NanoDevices represents the fastest growing product segment with sales growing at a CAGR of 25.0% over the analysis period.

Leading players in the market include Advanced Diamond Technologies Inc., Advanced Nano Products Co. Limited, Altair Nanotechnologies Inc., Arrowhead Pharmaceuticals, Inc., Bruker Corporation, Catalytic Materials LLC, Chemat Technology Inc., eSpin Technologies Inc., ELITech Group,  Genefluidics Inc., Hanwha Nanotech Corporation, Hybrid Plastics, Hyperion Catalysis International Inc.,  Integran Technologies Inc., Intrinsiq Materials Limited - IML, Nanocyl S.A., NanoMaterials Ltd, Nanosys Inc., QuantumSphere Inc., Raymor Industries Inc., Shenzhen Nanotech Port Co. Ltd., Starpharma Holdings, Teledyne Scientific & Imaging, LLC, among others.

The research report titled “Nanotechnology: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, innovations and strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, UK, and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific) and Rest of World. Key product segments analyzed in the report include NanoDevices, NanoMaterials and NanoTools.

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