Delhi, India (PressExposure) May 12, 2009 -- According to our new research report, âNanotechnology Market Forecast to 2013â, the global market for nanotechnology is projected to grow from an estimated US$ 14.5 Billion in 2009 to more than US$ 30 Billion by 2013, representing a CAGR of around 20% during the period. The study further says, âThe nanotechnology market currently remains in its developing stage and with the nanotechnology-based products gaining acceptance worldwide, the future prospects for the same looks bright.â
Nanotechnology has potential applications in many sectors of the global economy, including consumer products, healthcare, transportation, energy and agriculture. Increasing usage of nanotechnology across these sectors will result in rampant growth in the global nanotechnology market over the forecast period. Besides this, the increasing level of funding in nanotechnology R&D continues to play significant role in the rapid commercialization of nanotech-enabled products across the world, says an analyst at RNCOS.
The report further reveals that currently, the nanotechnology market is dominated by the US, followed by Europe and Asia-Pacific region. However, initiatives undertaken by EU as part of its Seventh Framework Programme (FP7) will help the region emerge as a dominant player on the global nanotechnology map by 2013. The EU FP7 will be contributing approximately â¬600 Million per year until 2013 towards nanotechnology. Also, the presence of Japan, South Korea, China and India will foster highest growth in the Asia-Pacific region over the forecast period.
âNanotechnology Market Forecast to 2013â offers extensive research and detailed analysis on the past, current and future trends of the global nanotechnology market while highlighting the current market trends and developments. The report studies the nanotechnology industry by segmenting it in major applications and R&D investment. It also details the nanotechnology markets of key countries which dominate the sector alongwith emerging markets.
The report features forecast on various potential growth segments of the nanotechnology industry, including nanotechnology in medical applications, water management, quantum-dots, use of nanoparticles in energy applications and wireless handsets.
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