Home > Press > China Holding Nanotechnology To Dominate The Scientific World
China is gearing itself to becoming a scientific superpower, owing to the immense increase in its expenditure on research fields like nanotechnology and the return of its scientists from abroad.
China Holding Nanotechnology To Dominate The Scientific World
Delhi, India | Posted on February 12th, 2007
Nanotechnology is gaining huge interest and investments in China. In the next twenty years, nanoscience is anticipated to bring about radical changes in nerve and tissue repair, pharmaceuticals, IT, catalysts, surface coatings, pollution control and sensors.
A study by a principal British analyst reports that funding in global research in 2004 was around US$ 8.6 Billion and is still growing. The investments made in 2004 are already giving remarkable results. China is at third position (after US and Japan) as far as the amount of nanoscience publications are concerned. Also, it stands strongly at second slot in the sub-field nanomaterials.
However, experts cautioned that the inflexible institutional system of China could obstruct its long-term progress. Fears of lack of transparency, problems of regulatory enforcement, and need of big amounts of funding for scientists who are under constant pressure to yield results are looming over China and can result in ethical shortcuts. Critics argue that human rights are not sufficiently respected in China, leading to skeptical research practices.
Also, the dominance of US and Europe in scientific innovations can't be ignored now. Funding of and investments into science and innovation projects in China is increasing rapidly and is creating ripples in international community.
According to the RNCOS report, "The World Nanotechnology Market (2006)", the nanotechnology and products market in China was at US$ 5.4 Billion in 2005 and is expected to chalk up to US$ 31.4 Billion by 2010 and US$ 144.9 Billion by 2015. The sales in China are largely restricted to domestic market, but the escalating global interest in nanotechnology development and with the advent of modern communication facilities, this sector is going to churn out huge profits for the investors.
The market research report also addresses the following facts and issues:
- Global outlook of nanotechnology market
- Industry performance (industry expenditure, patent market and national policies for nanotechnology)
- Product and application-wise analysis
- Country-wise evaluation of the market
- Growth factors
- Opportunities and challenges
- Recent developments in the industry
- Snapshots of the key players
The report gives extensive research and rational analysis on the world nanotechnology market and helps clients in careful evaluation of prospects for the success of the industry.
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.
Current Industry News: http://www.rncos.com/blog
For more information, please click here
US:+1 (646) 367 8214
India:+91 (11) 4214 1229
Mail: 29, 1st Floor
Patparganj Industrial Area,
Delhi - 110092
If you have a comment, please Contact
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
Arrowhead to Present at 2015 RBC Capital Markets' Global Healthcare Conference February 17th, 2015
Iran 1st among Islamic Nations in Scientific Production, Nanotechnology February 16th, 2015
Harris & Harris Group Portfolio Company D-Wave Systems Raises an Additional $29 Million (CAD), Closing 2014 Financing at $62 Million (CAD) February 2nd, 2015
Malaysian Nanotechnology Company Nanopac Innovation Ltd. lists on the NSX January 19th, 2015
Interviews/Book Reviews/Essays/Reports/Podcasts/Journals/White papers
Moving molecule writes letters: Caging of molecules allows investigation of equilibrium thermodynamics February 27th, 2015
Untangling DNA with a droplet of water, a pipet and a polymer: With the 'rolling droplet technique,' a DNA-injected water droplet rolls like a ball over a platelet, sticking the DNA to the plate surface February 27th, 2015
Real-time observation of bond formation by using femtosecond X-ray liquidography February 26th, 2015
Graphene shows potential as novel anti-cancer therapeutic strategy: University of Manchester scientists have used graphene to target and neutralise cancer stem cells while not harming other cells February 26th, 2015
2015 Nanonics Image Contest January 29th, 2015
OCSiAl supports NanoART Imagery Contest January 23rd, 2015
EnvisioNano: An image contest hosted by the National Nanotechnology Initiative (NNI) January 22nd, 2015
Oxford Instruments Asylum Research Announces AFM Image Contest Winners January 11th, 2015