NEW YORK, Nov. 28, 2016 /PRNewswire/ -- 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.Use this report to:- Define the creation and use of materials, devices and systems through the manipulation of matter at scales of less than 100 nanometers.- Explore nanomaterials (nanoparticles, nanotubes, nanostructured materials and nanocomposites), nanotools (nanolithography tools and scanning probe microscopes) and nanodevices (nanosensors and nanoelectronics).- Measure the value of the particles that the particle manufacturer receives- Evaluate factors that will influence the long-term development of nanotechnology and current and potential nanotechnology applications. Highlights- 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 nanomaterials market should reach $77.3 billion by 2021 from $32.5 billion in 2016 at a CAGR of 18.9%, from 2016 to 2021.- The nanodevices market should reach $195.9 million by 2021 from $56.5 million in 2016 at a CAGR of 28.2%, from 2016 to 2021.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.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.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. STUDY BACKGROUNDWhile 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.These differences reflect not only different analytical methods and assumptions, but also different definitions of the nanotechnology market (e.g., whether to include decades-old technologies such as carbon black rubber reinforcers and photographic silver, or whether to base the market value on nanotechnology inputs alone, as opposed to the total value of products that nanotechnology incorporates).