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.
Dr. Ben J. Lipps designated as Chairman of the Management Board and Chief Executive Officer of Nanostart-holding MagForce AG June 17th, 2013
Harris & Harris Group Notes Carl Zeiss' Planned Acquisition of Xradia June 13th, 2013
Long Island Capital Alliance Announces Participants for Biotech Technology Transfer Capital Forum: Event to Be Held on June 14 in Collaboration With Cold Spring Harbor Laboratory June 8th, 2013
Iran to Hold Int'l Forum on Nanotechnology Economy (IFNE2013) May 30th, 2013
3-D printing could lead to tiny medical implants, electronics, robots, more June 18th, 2013
Pioneering breakthrough of chemical nanoengineering to design drugs controlled by light June 18th, 2013
New Method to Synthesize Zinc Oxide Nanoparticles with High Catalytic Activity June 18th, 2013
An Innovative material for the Green Earth: Simple and inexpensive process to make a material for CO2 adsorption June 17th, 2013
Yes, nanoscience can enhance humans – but ethical guidelines must be agreed: People 'enhanced' into spider-climbing individuals with hugely projected breasts and Einstein-brains… Where will it stop? June 5th, 2013
Heinrich Rohrer dies at 79; a father of nanotechnology: With IBM colleague Gerd Binnig, Rohrer invented the scanning tunneling microscope, which can show individual atoms on a surface and move them around May 23rd, 2013
Oh, Christmas tree, oh Christmas tree: A nano end for Christmas tree needles January 2nd, 2013
INIC Inks MoU to Apply Nanotechnology in Iran's Carpet Industry December 18th, 2012