GIA announces the release of a comprehensive global report on Nanotechnology markets. Global market for Nanotechnology based products is projected to reach US$3.3 trillion by 2018, primarily driven by the emergence of newer application areas and increase in Government and private sector funding on R&D. Robust application of nanotechnology in regenerative medicine in the healthcare sector also bodes well for the future of the market.
San Jose, California (PRWEB) November 12, 2012
The growing prominence of nanotechnology can be put to perspective by the fact that the market managed to stay afloat despite the recessionary pressures cast by the 2007-2009 economic recession. The period witnessed sustained and resilient demand in end-use sectors such as, aerospace & defense and pharma & healthcare, while in other end-use markets like electronics & semiconductors, automotive, chemicals and construction, demand softened. Nanomaterials such as carbon nanotubes and ceramic nanoparticles suffered the most, given their widespread use in automotive and construction industries, which were massively impacted by the recession. In the upcoming years, continued fervor of academic research on nanotechnology, especially in the field of medical research and pharmaceuticals will help drive growth.
The European debt crisis and the surrounding fears over its playout have until now failed to impact the global nanotechnology market. Investments in R&D, order influx, production and sales continue to post encouraging growth despite the challenges related to availability of financing and capital funds. While several industries begin to feel the withdrawal symptoms of the austerity packages enforced in debt afflicted economies, the nanotechnology and related technology industries have continued to hold up. In other words, the broader uncertainties induced by the crisis has had a limited impact on R&D so far, given that cutting edge areas of science remain as one of the privileged areas in an economy German companies remain especially optimistic about future business outcomes than companies in other EU countries. The market is expected to hold on steady, primarily supported by the determination of players in this space to stay on top of technology innovations despite the debt crisis and an uncertain economy. For instance, companies in Europe are keen on retaining their focus on research and development, guided by the growing realization of the fact that competitors especially from developing Asian countries are coming in stronger as a result of globalization. The scale of innovation therefore needs to be maintained if claim to new riches in untapped market sectors needs to be successful.
Increasing production of nanomaterials, and rapid commercialization of nanotechnologies-enabled products are expected to drive robust opportunities for nanotechnology industry in the upcoming years. The significant drop in prices of a broad gamut of nanotechnology based products and materials such as nanoclays and silver-based nano-additives among others will especially help broaden their applications in wide spectrum of industries, thus boosting the market. Today, silver-based nano-additives find increased use in food, clothing and white goods applications. Growing penetration of nanotechnology based products in relatively niche application markets such as cosmetics, sporting goods, textiles, and environment protection also augurs well for the future of this market. Growing number of production facilities, and increasing collaboration among research institutes, universities and private sector players are also helping drive advancements in the industry. Most of the nanotechnology based products are gradually progressing from research laboratories to manufacturing process, which bodes well for the market.
While the US and Europe will continue to remain major geographic markets for nanotechnology until 2015, their market shares are expected to decline over the next few years. In contrast, the share of the Asia Pacific region in the nanotechnology market is expected to grow substantially over the years, thanks to the steady investments in this field of science. Asia-Pacific is already the fastest growing regional market for nanotechnology, and the recent R&D initiatives by emerging economies such as China, and India will bolster this growth further in the years to come.
As stated by the new market research report on Nanotechnology, chemicals industry represents the largest end-use market for nanotechnology based products contributing majority share in the total revenue. Pharma & healthcare industry however represents the fastest growing segment, with revenue from the segment waxing at a CAGR of about 58.5% over the analysis period. Growth in the pharma and healthcare industry is especially being driven by expanding practical applications of nanomedicine, growing popularity of nanodiagnostic products and increasing use of nanotechnology in cancer treatment procedures.
Key players profiled in the report include Advanced Diamond Technologies, Inc., Advanced Nano Products Co., Limited, Altair Nanotechnologies Inc., Arrowhead Research Corporation, 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), Life Technologies Corportation, Luxtera, Inc., NANOCYL S.A., NanoGram Corporation, Nanoledge, Nano Materials Ltd., Nanosys, Inc., QuantumSphere, Inc., Raymor Industries, Inc., Rogue Valley Microdevices, Inc., Shenzhen Nanotech Port Co., Ltd., SouthWest NanoTechnologies, Inc., Starpharma Holdings, Teledyne Scientific & Imaging, LLC, and Unidym, Inc., among others.
The research report titled Nanotechnology: A Global Market Report announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in value terms for nanotechnology-based products in key end-use industry segments such as Chemicals, Automotive, Aerospace & Defense, Semiconductors & Electronics, Pharma & Healthcare, Food, and Others.
For more details about this comprehensive market research report, please visit
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Expanding Applications to Drive Growth in the Global Nanotechnology Market, According to New Report by Global Industry ...