Columns

Industry Helps Fuel Upswing of R&D Funding in 2001

March 27, 2001
/ Print / Reprints /
ShareMore
/ Text Size+
Certainly if you had attended the recent Adhesion Society Annual Meeting in Williamsburg, Va., you would agree that R&D is alive and well. This impression is borne out by the annual Battelle-R&D Magazine research and development forecast that predicts total R&D expenditures in the United States to increase about 5 percent to $277 billion in 2001.

The forecast states that the increase is largely driven by industrial support, which continues to dominate both the amount and growth of R&D spending. However, the growth is also tempered by the unpredictable and sometimes skittish state of the “dot-com” world and stock market fluctuations that can influence near-term spending.

Industry will increase its R&D spending — at a rate that significantly exceeds inflation — by about 6.5 percent to $190 billion, according the forecast.

Spending by the federal government will increase slightly by 1.3 percent to $72 billion, a rate that is not quite keeping pace with inflation.

Academic institutions and other non-profit organizations will spend about $15 billion in 2001, which is about 6.2 percent more than last year.

“It is important to note that industry is continuing to promote research and development at a healthy rate even though the growth is less than what we have experienced in recent years,” according to the report. “In addition, the role of government cannot be underemphasized, both for the investment that the federal agencies make and the growth environment that has been fostered.”

“R&D will continue to provide the underpinning of the economy, on both the national and international scene. And it is not just the high-visibility communications, computers and information technologies, and the entire area of health care — it is also the technology that leads to more efficient industrial processes, improved transportation, and production and use of all manner of energy resource,” said Dr. Jules Duga, a Battelle senior researcher and coauthor of the report.

Industry will continue to emphasize various forms of partnering and collaborations, including relationships with other industries, federal laboratories and international facilities. Many of these partnerships will most likely continue to concentrate on those aspects of basic and applied research, which are far from commercialization, but which are necessary for the establishment of stronger platforms for future technology growth.

Throughout 2001, industrial support of R&D will continue to increase, rebounding from a combination of cost-cutting and organizational structure modifications, and benefiting from the recent strong expansion of the national and international economy. However, significant upheavals in foreign economic or political stability could influence U.S. business positions.

Headquartered in Columbus, Ohio, Battelle has operations at more than 70 locations and clients in 30 countries. For more information, contact Media Relations Manager Katy Delaney at 614-424-5544 or at delaneyk@battelle.org. Contact Karen Taylor at Battelle at 614-424-5545 or taylork@battelle.org to obtain reprints of the full report.

Did you enjoy this article? Click here to subscribe to Adhesives & Sealants Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

ASI April 2014 Photo Gallery

Our April 2014 issue is now available!

Podcasts

ExxonMobil Tackifier Expansion

Dwight Tozer, vice president of ExxonMobil’s Adhesion Industry business, discusses the company’s latest tackifier expansion project with Editor-in-Chief Susan Sutton.

More Podcasts

Adhesives & Sealants Industry Magazine

ASI Sept 2014 cover

2014 September

Our September issue features articles focusing on high-tech applications and raw materials, as well as a preview of the ASC Fall Convention and Expo. Check it out today!

Table Of Contents Subscribe

THE ADHESIVES STORE

handbook-sealant-tech.gif
Handbook of Sealant Technology

The Handbook of Sealant Technology provides an in-depth examination of sealants, reviewing their historical developments and fundamentals, adhesion theories and properties, and today’s wide range of applications.

More Products

ASI 2014 Buyers GuideASI's Buyers' Guide

Annual purchasing resource for equipment used in the manufacture/formulation of adhesives, sealants, pressure sensitives, tapes and labels and for application of finished adhesives. 

Clear Seas Research

With access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

facebook_40px twitter_40  youtube_40pxlinkedin_40 google+ icon ASI 30px