The global nanotechnology market in environmental applications is expected to reach about $41.8 billion by 2020
Wellesley, Mass. (PRWEB) September 23, 2015
A groundswell of global support for developing nanotechnology as a pollution remediation technique will continue for the foreseeable future. BCC Research reveals in its new report that this key driver, along with increasing worldwide concerns over removing pollutants and developing alternative energy sources, will drive growth in the nanotechnology environmental applications market.
The global nanotechnology market in environmental applications is expected to reach $25.7 billion by 2015 and $41.8 billion by 2020, conforming to a five-year (2015-2020) compound annual growth rate (CAGR) of 10.2%. Air remediation as a segment will reach $10.2 billion and $16.7 billion in 2015 and 2020, respectively, reflecting a five-year CAGR of 10.3%. Water remediation as a segment will grow at a five-year CAGR of 12.4% to reach $10.6 billion in 2020.
Nanotechnology is a field of applied science that focuses on the design, synthesis, characterization and application of materials and devices on the nanoscale. Nanoparticles, defined as particles between 1 nm and 100 nm in length (one nanometer being the equivalent of one billionth of a meter) hold enormous potential for science. Nanotechnology applications are broadly divided into three types: water remediation, air remediation and soil remediation.
As nanoparticles push the limits and capabilities of technology, new and better techniques for pollution control are emerging. Presently, nanotechnology’s greatest potential lies in air pollution remediation.
“Nano filters could be applied to automobile tailpipes and factory smokestacks to separate out contaminants and prevent them from entering the atmosphere. In addition, nano sensors have been developed to sense toxic gas leaks at extremely low concentrations,” says BCC research analyst Aneesh Kumar. “Overall, there is a multitude of promising environmental applications for nanotechnology, with the main focus area on energy and water technologies.”
Nanotechnology in Environmental Applications: The Global Market (NAN039C) examines the major market drivers of the global industry, the current trends within the industry, major industry challenges, and the regional dynamics of the global nanotechnology market. The report includes forecasted trends and revenue through 2020.
Editors and reporters who wish to speak with the analyst should contact Steven Cumming at steven.cumming(at)bccresearch(dot)com.
About BCC Research
BCC Research publishes market research reports that make organizations worldwide more profitable with intelligence that drives smart business decisions. These reports cover today's major industrial and technology sectors, including emerging markets. For more than 40 years we've helped customers identify new market opportunities with accurate and reliable data and insight, including market sizing, forecasting, industry overviews, and identification of significant trends and key market participants. We partner with analysts who are experts in specific areas of industry and technology, providing unbiased measurements and assessments of global markets. Recently selected as the world’s greatest market research company, BCC Research is a unit of Eli Global, LLC. Visit our website at http://www.bccresearch.com. Contact us: (+1) 781-489-7301 (U.S. Eastern Time), or email information(at)bccresearch(dot)com.