10th December,
2018- Nanotechnology
Market is subject to witness a substantial growth at a CAGR of
around 17% due to the soaring demand from different industry verticals such as
aerospace sector, automobile industry, electronics & electrical sector,
pharmaceutical industry, and military & defense sector. Use of
nanotechnology offers product security and anti-counterfeiting due to their unique
properties such as high magnetic, optical strength, catalytic and electronic
properties. Globally, the market is predicted to generate massive revenue over
the next seven years, providing numerous opportunities for market players to
invest for research and development in the nanotechnology market.
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Vast set of application of nanotechnology involving
dispersions and coating, consolidated materials, bio-medical and
electromechanical devices are expected to offer lucrative growth opportunities
for industry players in the upcoming years. Advent of nanomaterials such as
graphene and nano-cellulose are predicted to drive growth of market over the
forecast period. These nanomaterials are economically viable and possess
advanced properties. The constant requirement of nanoparticles such as the gold
nanoparticles for technological transformation of healthcare industry is
driving the market growth in forecast period. Besides, the large investment
from private sector for development of nanotechnology and numerous initiatives
from governments are multiplying the progress of the nanotechnology market.
Increasing adoption of nanotechnology for production of
metal nanoparticles, which are broadly consumed in biomedical sciences and
bioengineering is expected to boost market growth in the near future. The
nanoparticles have become major attraction due to their significant potential
for development of nanotechnology in the healthcare industry.
The key players in the nanotechnology market are Altair
Nanotechnologies Inc., AMCOL International Co., BioDelivery Sciences
International Inc., Clariant International Ltd., Competitive Technologies Inc.,
Dendritic NanoTechnologies, Inc., Eastman Kodak Co., Frontier Carbon Co., Hosokawa
Micron Group AG, and Hyperion Catalysis International, Inc.
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