Nanotechnology Now

Our NanoNews Digest Sponsors
Heifer International

Wikipedia Affiliate Button

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

Eco-friendly waterproof polymer films synthesized using novel method October 31st, 2018

Rice U. scientists form flat tellurium: Two-dimensional element shows promise for solar cells and other optoelectronics October 26th, 2018

How to mass produce cell-sized robots: Technique from MIT could lead to tiny, self-powered devices for environmental, industrial, or medical monitoring October 24th, 2018

Extracting energy from a 60 nanometers thin layer October 5th, 2018

Jobs

Arrowhead Pharmaceuticals Reports Inducement Grants under NASDAQ Marketplace Rule 5635(c)(4) December 18th, 2018

Graphene shows unique potential to exceed bandwidth demands of future telecommunications October 12th, 2018

Forge Nano 2017: 1st Quarter Media Update April 20th, 2017

Participate in the development of Malaysia’s National Graphene Action Plan 2020 October 10th, 2016

Products

Spectradyne Partners with Particle Technology Labs for Measurement Services December 6th, 2018

Mode-Changing MEMS Accelerometer from STMicroelectronics Combines High Measurement Resolution and Ultra-Low Power for Industrial Applications November 7th, 2018

Fat-Repellent Nanolayers Can Make Oven Cleaning Easier October 17th, 2018

Aculon, Inc. Enters into Strategic Partnership Agreement with Henkel Corporation to Supply Key Mobile Device Manufacturers with NanoProof® PCB Waterproof Technology October 17th, 2018

Investments/IPO's/Splits

Nanometrics Announces $80 Million Share Repurchase Program March 14th, 2019

A Nanobiotechnology Startup from a small town in India attracts the Global Investors January 27th, 2019

Nanobiotix Plans to Conduct Registered Public Offering in the United States January 17th, 2019

Nanometrics to Participate in the 21st Annual Needham Growth Conference January 7th, 2019

Molecular Machines

Kanazawa University research: A closed cage-like molecule that can be opened January 22nd, 2019

Insights into magnetic bacteria may guide research into medical nanorobots December 12th, 2018

How to mass produce cell-sized robots: Technique from MIT could lead to tiny, self-powered devices for environmental, industrial, or medical monitoring October 24th, 2018

How swarms of nanomachines could improve the efficiency of any machine September 28th, 2018

Nanotubes/Buckyballs/Fullerenes/Nanorods

Now made in Japan – Asian battery manufacturers welcome highly conductive nanotube additive March 7th, 2019

Straightforward biosynthesis of functional bulk nanocomposites February 5th, 2019

Drilling speed increased by 20% – yet another upgrade in the oil & gas sector made possible by graphene nanotubes January 15th, 2019

Chemical synthesis of nanotubes: Nanometer-sized tubes made from simple benzene molecules January 11th, 2019

Nanomedicine

Discovery may lead to precision-based strategy for triple negative breast cancer: Indiana University researcher develops promising nanotechnology approach for treatment of aggressive form of disease March 22nd, 2019

Gold nanoparticles to facilitate in-situ detection of amplified DNA at room temperature March 21st, 2019

Arrowhead Pharmaceuticals Begins Dosing in Phase 1 Study of ARO-APOC3 for Treatment of Hypertriglyceridemia March 11th, 2019

New optical imaging system could be deployed to find tiny tumors: Near-infrared technology pinpoints fluorescent probes deep within living tissue; may be used to detect cancer earlier March 8th, 2019

Military

Chemicals induce dipoles to damp plasmons: Rice University-led study finds molecules alter gold nanoparticles' electronic properties March 22nd, 2019

Fish-Inspired Material Changes Color Using Nanocolumns March 18th, 2019

Exotic “second sound” phenomenon observed in pencil lead: At relatively balmy temperatures, heat behaves like sound when moving through graphite, study reports March 15th, 2019

Quantum sensing method measures minuscule magnetic fields: MIT researchers find a new way to make nanoscale measurements of fields in more than one dimension March 15th, 2019

Environment

Defects help nanomaterial soak up more pollutant in less time: Rice U. researchers find new way to remove PFOS from industrial wastewater March 13th, 2019

Oxford Instruments and partners launch EU Horizon 2020 project ULISSES: Air sensors for everyone, everywhere March 7th, 2019

Rice U. lab adds porous envelope to aluminum plasmonics: Scientists marry gas-trapping framework to light-powered nanocatalysts February 10th, 2019

Platinum forms nano-bubbles: Technologically important noble metal oxidises more readily than expected January 28th, 2019

Industrial

Organic semiconductors: One transistor for all purposes March 22nd, 2019

Defects help nanomaterial soak up more pollutant in less time: Rice U. researchers find new way to remove PFOS from industrial wastewater March 13th, 2019

Zips on the nanoscale: New method of synthesising nanographene on metal oxide surfaces March 5th, 2019

Picosun’s ALD encapsulation prevents electronics degradation February 15th, 2019

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



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project