Jan 5 2009
With rising application of nanotechnology in consumer goods and medical treatments, the global nanotechnology industry will see fast-paced growth in near future.
Nanotechnology has huge potential to take the consumer goods sector to new level of technological advancement. Resultantly, the total value of nanotechnology inputs used in manufacturing consumer goods worldwide is projected to grow at a CAGR of 9.4% to 2010, says 'Nanotechnology Market Forecast to 2011', a new research report from RNCOS.
This prospective high growth in value is accredited to the fact that nanotechnology has the potential to introduce innovative functions and properties to develop and improve new product and application possibilities. With intensification of R&D to use nanotechnology in various fields such as healthcare and consumer electronics, new nano-enabled products are being commercially launched in the consumer market. It is believed that more advanced and powerful computers, improved medical treatments and extraordinary items will be made available in future by nanotechnology application. The importance of nanotechnology-based solutions will also pick up with rising demand for more energy-efficient devices and high raw material cost, according to the research report.
The nanotechnology industry is at the nascent stage of development, but the demand and acceptance of nanotechnology-based products is gaining momentum worldwide, signaling bright future prospects for the industry.
The report highlights that Asia-Pacific is likely to be the key market for nanotechnology-based products in coming years, followed by the US and Europe at similar level. The prime reason for high prospective growth in the Asia-Pacific region is the domination of electronic products such as PCs, mobile devices and vehicles in global market and most of these products are primarily manufactured by the Asian companies.
'Nanotechnology Market Forecast to 2011' is an extensive report containing detailed information on the past, current and future trends of the global nanotechnology market and gives an overview of emerging trends. The report studies the nanotechnology industry by segmenting it in application, patent and R&D investment. It studies the nanotechnology markets of key countries which dominate the sector along with emerging markets.
The report features forecast on various segments of the nanotechnology industry, including share of nanotechnology in manufactured goods by leading segment, nanotechnology in textile products, funding, cosmetic applications, use of nanoparticles in energy applications and catalysis applications.