Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


DHgate

Home > News > China's giant step into nanotech

March 29th, 2009

China's giant step into nanotech

Abstract:
The global nanotechnology market could top $2tn by 2012, predicts Tim Harper, founder of the nanotech consultancy CMP Cientifica. "What we see is a big take-off in 2011, and by 2012 the industry is really going to be booming," he says. "We've been pumping hundreds of millions of dollars into the nanotech industry for the last decade and we're finally getting to the point where we're seeing products being manufactured and sold."

Harper predicts that by 2010, areas of nanotechnology and biology will have merged, setting in motion the production of a wealth of new drugs and clinical equipment (such as the vials of nanomaterials for use in health products, clothes and cosmetics). His research sees nanotech pharmaceutical and healthcare products worth an estimated $3.2tn by 2012, with military-use nanotech products taking 14% of the total market and worth $40bn.

Nanotech products for the motor industry will make up a 4% chunk of the market, while nano-foods are likely to corner up to 2%. Nanotech products designed to tackle water, air and soil pollution will also be big business in 2012. "In terms of environmentally beneficial materials, in some ways the Chinese are further along in their thinking than even the US," says Harper. "They are already putting together a system to work out how we can use these technologies for the good of the environment." The US may still lead the nano surge overall, but Harper believes China will be on a par with the EU and US by 2012.

Richard Appelbaum, from the Center for Nanotechnology in Society at the University of California, puts the global nanotech market figure at $2.6tn by 2014, or 15% of manufacturing output in that year. China, along with 40 other countries including the US, UK and Japan, is investing in nanotechnology "as a major key to global economic competitiveness", he says.

If any one nation succeeds in cornering the giant's share of the market, it "would be sufficient to confer global economic leadership on the country", he adds.

Source:
guardian.co.uk

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Thin films

Iranian Scientists Create Best Conditions for Synthesis of Gold Nanolayers July 23rd, 2015

ORNL researchers make scalable arrays of 'building blocks' for ultrathin electronics July 22nd, 2015

Industrial Nanotech, Inc. Introduces Ultra Thin High Performance Thermal Insulation Film for Cooling Personal Electronic Devices July 21st, 2015

Imec Makes Steady Progress on Perovskite Photovoltaic Module reaching a Record 11 Percent Conversion Efficiency July 16th, 2015

Jobs

New ASTM Standards Will Help Educate Present and Future Nanotechnology Workforces April 26th, 2015

SUNY Poly & M+W Make Major Announcement: Major Expansion To Include M+W Owned Gehrlicher Solar America Corporation That Will Create up to 400 Jobs to Develop Solar Power Plants at SUNY Poly Sites Across New York State March 26th, 2015

Is US immigration policy 'STEMming' innovation? Study sheds light on why foreign STEM students stay in US or return home March 11th, 2015

Nanotech Discoveries Move from Lab to Marketplace with Lintec Deal: Licensing Partnership Brings Together University Technology, New Richardson-Based Facility Directed by Alumni February 9th, 2015

Products

Aculon Launches NanoProof Series for PCB Waterproofing July 20th, 2015

Philips Introduces Quantum Dot TV with Color IQ™ Technology from QD Vision: Manufacturer is first to offer quantum dot displays for both TVs and monitors June 30th, 2015

Dais Analytic Unveils New Version of Aqualyte Membrane Technology: Updates to the Basis of the Company's Industry-Changing Nanotechnology Designed to Strengthen Position in Global Air, Energy, and Water Markets June 26th, 2015

Industrial Nanotech, Inc. Announces Launch of Heat Shield(TM) EPX4 Thermal Insulation and Chemical Resistant Coating June 12th, 2015

Investments/IPO's/Splits

Nanometrics Announces Upcoming Investor Events July 28th, 2015

Harris & Harris Group Portfolio Company, Bridgelux, Enters into Agreement to be Acquired by an Investment Group July 22nd, 2015

Harris & Harris Group Portfolio Company, OpGen, Gains $6 Million Investment From Merck GHI in Addition to New Acquisition July 16th, 2015

Harris & Harris Group Portfolio Company, AgBiome, Announces Partnership to Accelerate the Discovery of Next Generation Insect-Resistant Crops July 1st, 2015

Molecular Machines

Injectable electronics: New system holds promise for basic neuroscience, treatment of neuro-degenerative diseases June 8th, 2015

One step closer to a single-molecule device: Columbia Engineering researchers first to create a single-molecule diode -- the ultimate in miniaturization for electronic devices -- with potential for real-world applications May 25th, 2015

UCLA nanoscientists are first to model atomic structures of three bacterial nanomachines: Cryo electron microscope enables scientists to explore the frontiers of targeted antibiotics April 21st, 2015

Advances in molecular electronics: Lights on -- molecule on: Researchers from Dresden and Konstanz succeed in light-controlled molecule switching April 20th, 2015

Nanotubes/Buckyballs/Fullerenes

Controlling Dynamic Behavior of Carbon Nanosheets in Structures Made Possible July 30th, 2015

March 2016; 6th Int'l Conference on Nanostructures in Iran July 29th, 2015

Short wavelength plasmons observed in nanotubes: Berkeley Lab researchers create Ludinger liquid plasmons in metallic SWNTs July 28th, 2015

'Seeing' molecular interactions could give boost to organic electronics July 28th, 2015

Nanomedicine

Sol-gel capacitor dielectric offers record-high energy storage July 30th, 2015

Newly-Developed Polymers Control Size of Nanoparticles during Production Process July 30th, 2015

March 2016; 6th Int'l Conference on Nanostructures in Iran July 29th, 2015

Non-Enzyme Sensor Determines Level of Blood Sugar July 29th, 2015

Military

Sol-gel capacitor dielectric offers record-high energy storage July 30th, 2015

Smart hydrogel coating creates 'stick-slip' control of capillary action July 27th, 2015

Researchers predict material with record-setting melting point July 27th, 2015

Reshaping the solar spectrum to turn light to electricity: UC Riverside researchers find a way to use the infrared region of the sun's spectrum to make solar cells more efficient July 27th, 2015

Environment

March 2016; 6th Int'l Conference on Nanostructures in Iran July 29th, 2015

Laboratorial Performance of Nanocomposite Membrane Improved in Water Purification July 28th, 2015

Nanosorbents Reduce Amount of Heavy Metals in Petrochemical Wastewater July 23rd, 2015

Nanopaper as an optical sensing platform July 23rd, 2015

Industrial

Industrial Nanotech, Inc. Provides Update on PCAOB Audited Financials July 27th, 2015

Iranian Scientists Create Best Conditions for Synthesis of Gold Nanolayers July 23rd, 2015

Nanosorbents Reduce Amount of Heavy Metals in Petrochemical Wastewater July 23rd, 2015

More efficient process to produce graphene developed by Ben-Gurion University researchers July 23rd, 2015

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project