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Global market for nanotechnology slated for high growth through 2013 (Small Times, 6/6/08) |
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June 06, 2008 |
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According to a new technical market research report, Nanotechnology:
A Realtistic Market Assessment from BCC Research (www.bccresearch.com), the
global market for nanotechnology was worth $11.6 billion in 2007. This is
expected to increase to $12.7 billion in 2008 and $27.0 billion by the end of 2013,
a compound annual growth rate (CAGR) of $16.3%.
The market is broken down into applications of
nanomaterials, nanotools and nanodevices. Of these, nanomaterials dominated in
2007, accounting for 87% of the market. Worth an estimated $10.8 billion in 2008,
this segment should reach $18.7 billion in 2013, for a CAGR of 11.7%.
…The largest end-user markets for nanotechnology in 2007
were environmental remediation (56% of the total market), electronics (20.8%)
and energy (14.1%). Electronics, biomedical and consumer applications have much
higher projected growth rates than other applications over the next 5 years
(i.e., 30.3%, 56.2% and 45.9%, respectively.) In contrast, energy applications
are projected to grow at a CAGR of only 12.6% and environmental applications
should actually decline by an average of 1.5% per year.
Read the full article here.
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Last Updated ( June 09, 2008 )
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