Global Nanotechnology Market to Reach $27 Billion in 2015
According to “Nanotechnology: A Realistic Market Assessment,” a new report from BCC Research, the global market value for nanotechnology is an estimated $15.7 billion in 2010, but is expected to increase to nearly $27 billion in 2015, for a five-year compound annual growth rate (CAGR) of 11.1%.
The largest segment of the market, made up of nanomaterials, is expected to increase at a five-year CAGR of 14.7%, from nearly $10 billion in 2010 to nearly $19.6 billion in 2015. The second-largest segment, nanotools, is expected to reach a value of more than $6.8 billion in 2015. The market in 2010 is estimated at $5.8 million. Thus, the five-year CAGR is projected to be 3.3%.
The smallest segment of the market, nanodevices, will have the highest five-year CAGR at 45.9%. It is projected to increase from an estimated $35.4 million in 2010 to nearly $234 million in 2015.
The report covers nanomaterials (nanoparticles, nanotubes, nanostructured materials, and nanocomposites), nanotools (nanolithography tools and scanning probe microscopes), and nanodevices (nanosensors and nanoelectronics).
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