Nanotechnology Now - Press Release: Nanotechnology - A Realistic Market Assessment Growing to $25.2 billion by 2011

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Abstract:
A Realistic Market Assessment growing to $25.2 billion by 2011, says new report available from ReportBuyer.com.

Report Buyer, the online destination for business intelligence for major industry sectors has now added a new market report titled 'Nanotechnology: A Realistic Market Assessment'

Nanotechnology - A Realistic Market Assessment Growing to $25.2 billion by 2011

London, UK | Posted on May 31st, 2007

Findings in the 254 page Report include:

• BCC estimated the global market for nanotechnology products at nearly $9.4 billion in 2005 and over $10.5 billion in 2006, growing to about $25.2 billion by 2011 (an AAGR of 19.1% between 2006 and 2011). This figure includes established commercial nanomaterials applications, such as carbon black filler for inkjet inks, nanocatalyst thin films for catalytic converters, and new technologies such as nanoparticulate fabric treatments, rocket fuel additives, nanolithographic tools, and nanoscale electronic memory.
• Nanomaterials, particularly nanoparticles and nanocomposites, dominated the nanotechnology market in 2005, accounting for over 86% of the market. Nanotools accounted for 10% of the market, and nanodevices the remaining 4%. Nanotools, which include the nanolithographic tools used to produce the next generation of semiconductors, are projected to grow at a much faster rate than either nanomaterials or nanodevices, and as a result their market share should increase to 30% by 2011.
Global Nanotechnology Market, 2005-2011 ($ Millions) Source: BCC Research
• The largest end-user markets for nanotechnology in 2005 were environmental remediation (33% of the total market), electronics (24%), energy (15%) and biomedical applications (5%). Electronics and biomedical applications have much higher projected growth rates than other applications over the next five years. As a result, the electronics share of the nanotechnology market should grow to over 50% by 2011, and biomedical applications' share to 8%. Environmental applications' share is expected to decline steeply to 13%, while energy's share falls to 9%.

Summary of the Report:
• Covers nanomaterials (nanoparticles, nanotubes, nanostructured materials, and nanocomposites), nanotools (nanolithography tools and scanning probe microscopes), and nanodevices (nanosensors and nanoelectronics),
• Notes current and potential applications for nanotechnology,
• Addresses global nanotechnology trends and forecasts the total worldwide market through 2011,
• Notes the factors that will influence the long-term development and growth of the market.
• Describes the industry structure, reviews market shares, and profiles the top players in the nanotechnology market.

Nanotechnology: A Realistic Market Assessment is available in PDF format from Report Buyer.

Report Buyer product ID: BCC00065

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About Report Buyer
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