Research reveals that at the regional level, the US is the most prominent market and accounted for an estimated share of around 35% of the global nanotechnology market before 2020. Although several developing economies such as, China, Korea, India, and Brazil have started to invest in nanotechnology R&D, the US could continue to account for the largest share in the industry in future.
Although developed markets such as, the US, France, Germany etc. have drafted regulations for the nanotechnology industry long time back, the nanotechnology market is still at its nascent stage. Even, developing markets such as, Brazil, China, India, and Taiwan have proposed plans to draft regulations for the industry.
The global nanotechnology market was valued at over£800 million in 2018 and is forecasted to exceed £1,700 million by the middle of the next decade, growing at a CAGR of 10.5% from 2019 to 2025. Nanoscience and nanotechnology are the study of nanoparticles and devices, which find their applications across all the science fields from chemical, bio-medical, mechanics, and material science among others. Nanotechnology market encompasses the production and application of physical, chemical, and biological systems and devices at scales ranging from individual atoms or molecules to around 100 nanometers.
Nanotechnology is an evolving technology that has influenced a large number of industrial segments and is set to play a pivotal role in various industry segments moving forward including communication, medicine, transportation, agriculture, energy, materials & manufacturing, consumer products, and households. The technology has proven its significance in today’s cut throat competitive world. The economic activity generated from nanotech has been high in magnitude and wide in scope. In coming years, nanotechnology based products will have a huge impact on nearly all-industrial sectors and will enter the consumer market in large quantities. Considering the enormous potential of the market, the governments across the world are investing huge money in the industry.Emerging use cases and application is expected to be one of the key factors contributing towards the growth of nanotechnology market size.
The U.S. National Nanotechnology Initiative has estimated that around 20,000 researchers were working in the field of nanotechnology by 2019. For the UK, the Institute of Occupational Medicine estimated that approximately 2,000 people were employed in new nanotechnology companies and universities where they may be potentially exposed to nanoparticles in the 2020’s.
Factors such as surge in adoption of nanotechnology in medical diagnosis & imaging and technological advancements in nanotech devices drive the growth of the global nanotechnology market. However, issues arising in the deployment of nanodevices in extreme conditions and high cost of the technology act as the major barriers, thereby hampering the nanotechnology market growth. On the contrary, increase in support and R&D funding from government organisations and emergence of self-powered nanotech devices are anticipated to offer lucrative opportunities for the nanotechnology market forecast.
The factors such as surge in adoption of nanotechnology in medical diagnosis & imaging, technological advancements in nanotech devices, and issues in deployment of nanodevices in extreme conditions impact the growth of the nanotechnology market. In addition, the growth is expected to be affected by high cost of technology, increase in support and R&D funding from government organisations, and emergence of self-powered nanotech devices. However, each factor is anticipated to either drive or hamper the nanotechnology market growth.
- Breakthrough in the optical properties of MXenes - two-dimensional heterostructures provide new ideason June 3, 2023 at 9:38 am
A new publication from Opto-Electronic Advances, 10.29026/oea.2023.220162 discusses a breakthrough in the optical properties of MXenes.
- Study demonstrates that Ta2NiSe5 is not an excitonic insulator international research team settles the decade-long debate around the microscopic origin of symmetry breaking in the bulk crystalon June 3, 2023 at 9:38 am
The excitonic insulator is an electronically driven phase of matter that can occur in solids. Scientists are searching for ways to detect and stabilize this exotic order in candidate quantum materials...
- Novel design perovskite electrochemical cell for light-emission and light-detectionon June 3, 2023 at 9:38 am
A new publication from Opto-Electronic Advances, 10.29026/oea.2023.220154 discusses novel design perovskite electrochemical cell for light-emission and light-detection.
- Rensselaer researcher uses artificial intelligence to discover new materials for advanced computing Trevor Rhone uses AI to identify two-dimensional van der Waals magnetson June 3, 2023 at 9:38 am
A team of researchers led by Rensselaer Polytechnic Institutes Trevor David Rhone, assistant professor in the Department of Physics, Applied Physics, and Astronomy, has identified novel van der Waals...
- With new experimental method, researchers probe spin structure in 2D materials for first time: By observing spin structure in magic-angle graphene, a team of scientists led by Brown University researchers have found a workaround for a long-standing roadblock in the field of twoon June 3, 2023 at 9:38 am
For two decades, physicists have tried to directly manipulate the spin of electrons in 2D materials like graphene. Doing so could spark key advances in the burgeoning world of 2D electronics, a field...
- DGIST and New Life Group launched a research project on "Functional beauty and health products using the latest nanotechnology"on June 3, 2023 at 9:38 am
Professor Su-Il Ins team at the Department of Energy Science and Engineering at the DGIST (President Kuk Yang) is collaborating with New Life Group, Co., Ltd. (chairman: Bong-Rak Ahn) on a research p...
- Nanonitrator: novel enhancer of inorganic nitrate protective effects, predicated on swarm learning approachon June 3, 2023 at 9:38 am
Radiotherapy is currently the main form of treatment for head and neck malignancies such as nasopharyngeal carcinoma. Within the radiation field of a tumor, salivary glands frequently suffer substanti...
- Researchers at Purdue discover superconductive images are actually 3D and disorder-driven fractalson June 3, 2023 at 9:38 am
Meeting the worlds energy demands is reaching a critical point. Powering the technological age has caused issues globally. It is increasingly important to create superconductors that can operate at a...
- Optica Publishing Group announces launch of Optica Quantum: New, online-only Gold Open Access journal to rapidly disseminate high-impact research results across many sectors of quantum information science and technologyon June 3, 2023 at 9:38 am
On World Quantum Day, Optica Publishing Group announced it will begin publishing a new journal in September 2023 dedicated to highly selective results in quantum information science and technology (QI...
- Laser direct writing of Ga2O3/liquid metal-based flexible humidity sensorson June 3, 2023 at 9:38 am
A new publication from Opto-Electronic Advances, 10.29026/oea.2023.220172 discusses laser direct writing of Ga2O3/liquid metal-based flexible humidity sensors.
- Bart Hoogenboom Appointed New Head of R&D, Bringing Expertise in Biophysics and Advanced Scientific Instrument Designon June 1, 2023 at 2:29 pm
We are thrilled to announce that world-renowned AFM expert Bart Hoogenboom will be joining Nanosurf as the new Head of Research and Development, starting in July. With an impressive academic...
- Tribological Mechanism of Carbon Group Nanofluids on Grinding Interfaceon June 1, 2023 at 1:07 pm
As the interaction happening between the workpiece, abrasive grain, and nanofluids on the minimum quantity lubrication (MQL) grinding interface is hard to note instantly, there is yet lack of direct...
- A Nanocrystal Shines On and Off Indefinitelyon June 1, 2023 at 9:56 am
In 2021, lanthanide-doped nanoparticles made waves—or rather, an avalanche—when Changwan Lee, then a PhD student in Jim Schuck’s lab at Columbia Engineering, set off an...
- Digital Surf Unveils Mountains® 10, the Most Comprehensive Version to Dateon June 1, 2023 at 8:13 am
Digital Surf today announced the release of the tenth major version of the company’s renowned Mountains® software analysis platform for surface metrology & microscopy, trusted by 50+...
- Minimally Invasive Nanoelectrodes Enable Spatially Selective Neuromodulationon May 31, 2023 at 2:55 pm
Traditional implantable medical devices for brain stimulation are frequently too hard and bulky for what is one of the body’s softest and most sensitive tissues. Lan Luan (from left), Robin...
- Direct-Drive Linear Stages for Automation and Laser Processingon May 31, 2023 at 12:43 pm
Auburn, MA – PI, a leading manufacturer of air bearings and precision motion systems offers two economical series of high-performance direct-drive linear stage modules, namely the V-855 and...
- New Response Mechanism Specific to Exposure to Nanoparticles Discoveredon May 30, 2023 at 1:49 pm
A new response mechanism particular to exposure to nanoparticles that are common to multiple species has been found by scientists. Image Credit: HaHanna/Shutterstock.com By examining a huge...
- Intuitive Nano-Computing Agent Responds to Stimuli and Produces Desired Actionon May 29, 2023 at 1:31 pm
Penn State scientists have created the first protein-based nano-computing agent that functions as a circuit. The achievement moves them closer to developing next-generation cell-based therapies to...
- Strange Physical Phenomenon to Control Light in New Wayson May 26, 2023 at 12:12 pm
Researchers at the University of Michigan have demonstrated how to create cage structures with nanoparticles using computer simulations, which could indicate a way to create structured nanostructures...
- Alleviating Inflammation from Bacterial Infection Using Multi-Functional Synthetic Peptide Nanonetson May 24, 2023 at 1:51 pm
The pharmaceutical scientists from National University of Singapore (NUS) have come up with multi-functional synthetic peptide nanonets for alleviating inflammation resulting from bacterial infection....
- The Global Market for Graphite 2023-2033by admin on May 15, 2023 at 10:05 am
The post The Global Market for Graphite 2023-2033 appeared first on Nanotech Magazine.
- The Global Market for Smart (Active and Intelligent) Packaging 2023-2033by admin on May 14, 2023 at 3:09 pm
The post The Global Market for Smart (Active and Intelligent) Packaging 2023-2033 appeared first on Nanotech Magazine.
- Issue 76by admin on March 1, 2023 at 12:21 pm
January-February 2023 In this issue: Latest nanotech investments, financial reporting, investment plans, commercial agreements and rounds of finance, January-February 2023. Latest nanotech product news, January-February 2023, including quantum dots, nanocoatings and hydrogen technology. Nano-silicon carbon anode materials for lithium-ion batteries. Silicon nanowires for batteries. 2D quantum dots. Carbon nanotube anodes. Quantum dot nanopores. Nanofiber separators [...] The post Issue 76 appeared first on Nanotech Magazine.
- The Global Market for Nanocellulose 2023-2033by admin on March 1, 2023 at 1:56 am
The post The Global Market for Nanocellulose 2023-2033 appeared first on Nanotech Magazine.
- The Global Market for Quantum Computing 2023-2043by admin on February 27, 2023 at 4:50 pm
The post The Global Market for Quantum Computing 2023-2043 appeared first on Nanotech Magazine.
- The Global Market for Lignin 2023-2033by admin on February 22, 2023 at 4:00 am
The post The Global Market for Lignin 2023-2033 appeared first on Nanotech Magazine.
- The Global Market for Biofuels to 2033by admin on February 21, 2023 at 2:07 am
The post The Global Market for Biofuels to 2033 appeared first on Nanotech Magazine.
- The Global Market for Bio- and CO2- based Plastics and Polymersby admin on February 13, 2023 at 10:15 pm
The post The Global Market for Bio- and CO2- based Plastics and Polymers appeared first on Nanotech Magazine.
- The Global Market for Carbon Fiber and Carbon Fiber Reinforced Polymers (CFRP) 2023-2033by admin on February 13, 2023 at 3:03 pm
The post The Global Market for Carbon Fiber and Carbon Fiber Reinforced Polymers (CFRP) 2023-2033 appeared first on Nanotech Magazine.
- The Global Market for Graphene and 2D Materials to 2033by admin on February 9, 2023 at 5:54 am
The post The Global Market for Graphene and 2D Materials to 2033 appeared first on Nanotech Magazine.
- Innovations in dentistry: Navigational surgery, robotics, and nanotechnologyon October 3, 2020 at 6:18 am
When it comes to cutting-edge tech in dentistry, its all about nanotechnology. Shannon Sommers and Alicia Webb explain the basics and what these exciting new developments could mean for your practice...
- Nano-diamond self-charging batteries could disrupt energy as we know iton August 26, 2020 at 1:13 am
California company NDB says its nano-diamond batteries will absolutely upend the energy equation, acting like tiny nuclear generators. They will blow any energy density comparison out of the water, la...
- Graphene ink may be used to fight coronaviruson May 2, 2020 at 4:53 am
Zen Graphene Solutions (TSXV: ZEN) announced that it has launched an international collaboration with UK-based Graphene Composites to fight the covid-19 pandemic. The initiative involves the develo...
- Carbon nanotubes forecast when vegetables spoil and buds bloomon April 2, 2020 at 10:35 pm
This is where the CNTs come in. Single-walled CNTs have several attributes that make them well-suited for sensing processes that involve the transfer of electrons the basis of any chemical reaction...
- A Carbon Nanotube Microprocessor Mature Enough to Say Hello: Three new breakthroughs make commercial nanotube processors possibleon March 2, 2020 at 5:14 pm
Engineers at MIT and Analog Devices have created the first fully-programmable 16-bit carbon nanotube microprocessor. Its the most complex integration of carbon nanotube-based CMOS logic so far, with...
- NIOSH requests data to help develop exposure limits for nanomaterialson February 1, 2020 at 9:09 pm
NIOSH is seeking scientific information regarding the dangers or safety of engineered nanomaterials as the agency explores the development of occupational exposure limits. ENMs are chemical substan...
- What if the Universe has no end? The Big Bang is widely accepted as being the beginning of everything we see around us, but other theories that are gathering support among scientists are suggesting otherwiseon January 25, 2020 at 5:19 pm
Perhaps the Big Bang was more of a Big Bounce, a turning point in an ongoing cycle of contraction and expansion. Or, it could be more like a point of reflection, with a mirror image of our universe...
- Nanoparticles Inside Samples of Mucus to Measure COPD Developmenton October 5, 2019 at 3:36 am
Researchers at Johns Hopkins University have now used special nanoparticles to test the mucus of COPD patients, which may be an excellent biomarker for COPD progression.
- Journal Nanotechnology Progress International (JONPI), volume 7, issue 1 outon September 17, 2019 at 1:11 am
This issue is a special edition covering the African-nano-conference of Focus Nanotechnologyy Africa-US-EU-Africa-Asia and Caribbean Academy of Nanoscience and Nanotechnology (FONAI-USEACANN) at Shera...
- This new nanotech could help clean up Earths microplasticson August 3, 2019 at 9:51 pm
Now, scientists have designed reusable nano-sized reactors called nanocoils that can trigger microplastic breakdown. The work, published Wednesday in the journal Matter, could someday be applied t...