Nanotechnology Market projected to grow 18% per year to 2013
Nanotechnology is going to pave the way for a revolution in materials, information and communication technology, medicine, genetics, etc as it starts moving from the laboratories to new markets. It helps to improve products and production processes with better characteristics or new functionalities. In coming years, products based on nanotechnology will have a huge impact on nearly all-industrial sectors and will enter the consumer market in large quantities. Considering the future prospects of nanotechnology, countries across the world are investing heavily in this sector to reap maximum benefits from it.
According to our research report “Nanotechnology Market Forecast to 2013″, the global nanotechnology market is projected to grow at a CAGR of over 18% during 2010-2013. The report expects that the global market for nanotechnology incorporated in manufactured goods will worth US$ 1.6 Trillion, representing a CAGR of around 50% in the forecast period (2010-2013). This prospective growth will largely be driven by massive investment in nanotechnology R&D by both governments and corporates worldwide.
The report also reveals that the Asia-Pacific region will experience the fastest growth in the market for nanotechnology enabled goods at a CAGR of nearly 52% between 2007 and 2013. The recent move by the emerging markets such as South Korea and China to concentrate on nanotechnology Research and Development (R&D) will continue to play the most prominent role in the growth of nanotechnology. The report also contains comprehensive information about the development of nanotechnology market in the US, with focus on budget allocation for R&D, agencies working in this field, and federal funding.
Our new research report thoroughly evaluates the past, current and future scenario of the global nanotechnology market coupled with an overview of emerging trends. The report has segmented the nanotechnology market by application and by R&D investment. The application section gives an overview of nanotechnology integration in the field of electronic, energy, cosmetic, biomedical and defense. The R&D investment section talks about investment made globally by governments, corporates and venture capital.
The report has studied the nanotechnology market of other key countries separately to show their prominence in the sector. Besides, the report covers various growth potential areas at the global level to help clients understand the nanotechnology importance in sophisticated areas.