DUBLIN, Nov 28, 2016 /PRNewswire/ -- Research and Markets has announced the addition of the "The Maturing Nanotechnology Market: Products and Applications" report to their offering.
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. 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 made to 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 2021.