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Nanotechnology: A Realistic Market Assessment
LONDON, March 30, 2015 /PRNewswire/ -- REPORT HIGHLIGHTS
The global market for nanotechnology products was valued at $22.9 billion in 2013 and increased to about $26 billion in 2014. This market is expected to reach about $64.2 billion by 2019, a compound annual growth rate (CAGR) of 19.8% from 2014 to 2019.
This report provides:
An in-depth analysis of the global market for nanotechnology.
Analyses of global market trends, with data from 2013, estimates for 2014, and projections of CAGRs through 2019.
Identification of the segments of the nanotechnology market with the greatest commercial potential in the near to mid-term (2014-2019).
Information most useful and especially intended for entrepreneurs, investors, venture capitalists, nanotechnology marketing executives, and other readers with a need to know where the nanotechnology market is headed in the next five years.
Comprehensive company profiles of key players in the market.
SCOPE OF REPORT
The global market for nanotechnology applications will be addressed. Nanotechnology applications are defined comprehensively as the creation and use of materials, devices and systems through the manipulation of matter at scales of less than 100 nanometers. The study covers nanomaterials (nanoparticles, nanotubes, nanostructured materials and nanocomposites), nanotools (nanolithography tools and scanning probe microscopes) and nanodevices (nanosensors and nanoelectronics).
A pragmatic decision was madeto exclude certain types of materials and devices from the report that technically fit the definition of nanotechnology. These exceptions include carbon black nanoparticles used to reinforce tires and other rubber products; photographic silver and dye nanoparticles; and activated carbon used for water filtration. These materials were excluded because they have been used for decades, long before the concept of nanotechnology was born, and their huge volumes (especially carbon black and activated carbon) would tend to swamp the newer nanomaterials in the analysis.
In the case of pharmaceutical applications, this report measures the value of the particles that the particle manufacturer receives. Research dollars invested into designing better particles, or better delivery approaches, are not included. The value created through clinical trial success and eventual Food and Drug Administration (FDA) approval and entrance as a prescription drug are not included.
Nanoscale semiconductors are also excluded from the study, although the tools used to create them are included. Unlike carbon black and activated carbon, nanoscale semiconductors are a relatively new development. However, they have been analyzed comprehensively elsewhere and, like carbon black and activated carbon, would tend to overwhelm other nanotechnologies by their sheer volume in the out-years toward 2019.
The study format includes the following major elements:
Executive summary
Definitions
Milestones in the development of nanotechnology
Current and potential nanotechnology applications
Applications and end users with the greatest commercial potential through 2019
Global nanotechnology market trends, 2013 through 2019
Factors that will influence the long-term development of nanotechnology
Market shares and industry structure
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/nanotechnology-a-realistic-market-assessment-300057871.html
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