Maturing nanotechnology market
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The global market for nanotechnology applications will be addressed. Nanotechnology applications are defined comprehensively as the creation and use of materials.

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Maturing Nanotechnology Market

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Maturing nanotechnology market

The global nanotechnology market should reach $90.5 billion by 2021

from $39.2 billion in 2016 at a compound annual growth rate (CAGR) of

18.2%, from 2016 to 2021.

INTRODUCTION

The previous (2014) edition of this report began by noting that the hype,

both positive and negative, that has surrounded nanotechnology has

been growing progressively less extreme. Today, rosy projections of a

“trillion-dollar” nanotechnology market in 10 years, or apocalyptic

predictions about a “Faustian bargain” or a “Pandora’s box” are heard

less often than they used to be.


Maturing nanotechnology market

Indeed, there has been something of a backlash to the earlier

nanotechnology hype.According to Google Trends, searches on the term

“nanotechnology” have steadily trended downward to between 15% and

20% of the levels of a decade ago. Many of the companies that used to

showcase their nanotechnology credentials or put “nano” in their names,

if they have not gone out of business, now describe themselves as

materials, companies or biopharma companies.


Maturing nanotechnology market

There is a growing awareness that nanotechnology will not change

the world overnight through a technological revolution. Instead, it is

changing the way people live and work gradually, through a process of

mostly incremental changes in older technologies. Many of these

changes will take years, if not decades, to make themselves felt.


Maturing nanotechnology market

While it appears inevitable that nanotechnology will have a broad and

fundamental impact on many sectors of the global economy, various

technical, marketing and other hurdles need to be overcome before

nanotechnology fulfills this promise. These challenges and differences

of opinion regarding commercial applications are reflected in the

widely diverging estimates for the U.S. and global nanotechnology

markets.


Maturing nanotechnology market

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).


Maturing nanotechnology market

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 2021.


Maturing nanotechnology market

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 2021.

 Global nanotechnology market trends, 2015 through 2021.

 Factors that will influence the long-term development of

nanotechnology.

 Market shares and industry structure.


Maturing nanotechnology market

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