Nanotechnology is going to pave the way for a revolution in materials, information and communication technology, medicine, genetics and so on 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 are expected to impact nearly all-industrial sectors and will enter the consumer markets in large quantities. Considering the future prospects of nanotechnology, countries across the world are investing heavily in this sector.
The global market for nanotechnologies is projected to grow at a CAGR of around 20% till 2013, says “Nanotechnology Market Forecast to 2013” an analytical study by RNCOS. The report also projects that market for nanotechnology incorporated in manufactured goods will worth US$ 1.6 Trillion, representing a CAGR of more than 49% in the forecast period (2009-2013). This growth will largely be driven by massive investment in nanotechnology R&D by both governments and corporates across the world.
According to our report findings, at the regional level, the Asia-Pacific region will experience the fastest growth in market for nanotechnology enabled goods, with CAGR pegged at around 52% in the forecast period, followed by Europe. The recent moves by the emerging markets such as India, China and Russia in the field of nanotechnology research and development will continue to the most prominent factors behind the growth in these countries.
Our updated and detailed research report 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 R&D investment. It discusses the nanotechnology market by key countries showing their prominence in the sector together with the emerging nations in the domain. Besides, the report covers various growth potential areas in the nanotechnology market at the global level.
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