Growing R&D Investments & Developments in Nanomaterials to Drive the Global Nanotechnology Market, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) September 19, 2014 -- Follow us on LinkedIn – Nanotechnology and its potential to revolutionize the world has attracted diverse players including academic institutions, government agencies, multinational corporations and small start-ups. The early years of nanotechnology development was dominated by government funded research projects largely due to the high risks involved, which deterred private and venture capital investments. Government budgets earmarked for this evolving technology have been growing over the years, emphasizing rising importance of nanotechnology in modern industrial society. A key reason cited for this keen federal level interest in nanotechnology research is the technology’s ability to improve human life, health and business, thus in the process encouraging economic prosperity. The successful commercialization of numerous nanotechnology enabled products and the ensuing reduction in investment risks will however witness the private sector play a more important role in R&D in the coming years. Although the government will continue to remain a prime player both in terms of funding and use of the technology, several large companies will step up their investment focus in developing in-house R&D expertise in specific applications encouraged by the lucrative commercial opportunities in store.
Increasing production of nanomaterials, declining prices and rapid commercialization are driving growth in the market. Defined as minute particles measuring less than 100 nanometers, nanomaterials are manufactured through modification of materials at the molecular level, and are lightweight, durable with engineered properties customized to meet demanding requirements in a multitude of applications. The electronics sector represents a promising market for nanomaterials against a backdrop of the growing need for technologies to sustain the rapid increase in computing capability. Nanotechnology in this regard is gaining immense interest for its ability to overcome the computing limitation of conventional silicon microelectronics. Development of Semiconductor Nanowires (NWs) and nanofabrication technologies, in this regard are poised to revolutionize nanoelectronics. Research efforts are currently underway to build hybrid architectures by integrating nanodevices with microelectronics using conventional silicon-wafer technology as the bridging platform.
While electronics manufacturing and chemical markets continue to be leading end-use markets for nanomaterials, future growth in the market will be primarily driven by pharmaceutical, healthcare and food industries. Nanotechnology is helping improve drug efficacy, medical diagnostics, therapy and follow-up monitoring, thus enhancing quality of life in a real affordable manner. Increasing use of nanotechnology in diagnostics and therapy procedures for treating cancer and central nervous system disorders especially bodes well for the market. Drug manufacture, medical imaging, and implants represent other areas that are expected to generate substantial opportunities for nanotechnology in the coming years.
As stated by the new market research report on Nanotechnology, Asia-Pacific represents the largest and the fastest growing market with a CAGR of 26.3% over the analysis period. Growth in the region is driven by booming electronics industry in South Korea, Japan, Taiwan, China and Singapore, and steady R&D investments on carbon nanotubes. Semiconductors and electronics represents the largest end-use market with growth supported by miniaturization of electronic components, and growing preference for lightweight, energy efficient electronic systems. The food industry ranks as the fastest growing end-use sector encouraged by the growing use of nanoingredients and nanoencapsulated bioactive compounds in packaged food products.
Leading players in the market include Advanced Diamond Technologies Inc., Advanced Nano Products Co. Limited, Altair Nanotechnologies Inc., Arrowhead Research Corporation, Bruker Corporation, Catalytic Materials LLC, Chemat Technology Inc., eSpin Technologies Inc., ELITech Group, Genefluidics Inc., Hanwha Nanotech Corporation, Hybrid Plastics, Hyperion Catalysis International Inc., Integran Technologies Inc., Intrinsiq Materials Limited - IML, Nanocyl S.A., NanoMaterials Ltd, Nanosys Inc., QuantumSphere Inc., Raymor Industries Inc., Shenzhen Nanotech Port Co. Ltd., SouthWest NanoTechnologies Inc., Starpharma Holdings, Teledyne Scientific & Imaging, LLC, among others.
The research report titled “Nanotechnology: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, innovations and strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, UK, and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific) and Rest of World. End-Use industries analyzed in the report include Chemicals, Automotive, Aerospace & Defense, Semiconductors & Electronics, Pharma & Healthcare, Food, and Others.
For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Nanotechnology_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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Public Relations, Global Industry Analysts, Inc., http://www.StrategyR.com/, +1 (408) 528-9966, [email protected]
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