Global Nanotechnology Industry Output Expected to Reach $2.4 Trillion by 2015
NEW YORK, NY, Nov 17, 2011 (MARKETWIRE via COMTEX) — The nanotechnology industry encompasses a wide range of potential products and applications. As of 2011, a total of 175 different types of consumer nanoproducts have been identified in nine different sectors. According to a research study by Global Industry Analysts, Inc., although the recent global economic recession dampened the optimistic expectations and heady growth patterns of previous years, the global market for products incorporating nanotechnology is projected to grow at a CAGR of 11.1% between 2010 and 2015 to reach US$2.4 trillion. Key factors that will drive this growth include a sturdy demand outlook for nanotechnology-enabled products in healthcare and electronics sectors, the post recession resurgence in growth fundamentals for key markets such as semiconductors, chemicals, and automotives, and an increase in government and private sector funding for R&D.
While there are scores of privately held nanotechnology companies around the world, as a result of the reduced number of IPOs over the past ten years, only a few standout companies in the nanotechnology industry are publicly traded, including Nanophase Technologies Corp., the chemicals and materials giants Dupont and Cabot Corp., FEI Company, and Flamel Technologies SA.
In the area of nanomaterials, Applied Nanotech, Inc. APNT -7.04% is a company that holds 150 patents and has an additional 150 pending. Applied Nanotech, Inc. has developed a broad range of nanomaterials, including Exclucent(TM), a highly transparent thin copper metallic mesh film with very low electrical resistance that cannot be achieved with indium tin oxide films. Applications for Exclucent(TM) include high growth markets of touch pads for consumer electronics and electrodes for photovoltaic cells used in solar panels. Applied Nanotech’s proprietary carbon nanotube (CNT) composites have been licensed for use to Yonex Co. Ltd., a 65 year old international golf and sporting goods manufacturer from Japan. In addition to Applied Nanotech’s CNT technology, the company received an R&D 100 award for its patented thermal management product, CarbA1(TM), a carbon based metal nanocomposite designed to provide passive thermal management for temperature control issues that could reduce costs and extend the life of electronics applications.
Products incorporating nanotechnology make up the largest product segment of the chemicals industry and also represent the fastest growing segment of the pharmaceutical & healthcare industry, estimated to surge at an impressive CAGR of 77.6% from 2010 to 2015.
In November 2011, RedChip Research published a report on Applied Nanotech, Inc. To learn more about Applied Nanotech and download the report, visit:
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