- About Us
- Nano-Social Network
- Nano Consulting
- My Account
March 29th, 2009
China's giant step into nanotech
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.
|Related News Press|
ANU invention to inspire new night-vision specs December 7th, 2016
Ultra-thin ferroelectric material for next-generation electronics October 12th, 2016
Leading Advanced Materials Manufacturer Pixelligent Closes $10.4 Million in Funding: Capital Will Boost Capacity for North American Manufacturing, Drive Asian Expansion, and Continue Innovation in Solid State Lighting and OLED Display Applications August 16th, 2016
Cutting-edge nanotechnologies are breaking into industries November 18th, 2016
STMicroelectronics’ Semiconductor Chips Contribute to Connected Toothbrush from Oral-B That Sees What You Don’t: Microcontroller and Accelerometer help brushers clean their teeth more effectively October 4th, 2016
Particle Works launches range of high quality magnetic nanoparticles August 31st, 2016
Arrowhead Provides Response to New Minority Shareholder Announcement January 7th, 2017
Harris & Harris Group Announces a Proposed Strategic Restructuring December 20th, 2016
Scientists come up with light-driven motors to power nanorobots of the future: Researchers from Russia and Ukraine propose a nanosized motor controlled by a laser with potential applications across the natural sciences and medicine November 11th, 2016
HKU chemists develop world's first light-seeking synthetic Nanorobot November 9th, 2016
Infrared instrumentation leader secures exclusive use of Vantablack coating December 5th, 2016
New active filaments mimic biology to transport nano-cargo: A new design for a fully biocompatible motility engine transports colloidal particles faster than diffusion with active filaments January 11th, 2017
Strength of hair inspires new materials for body armor January 18th, 2017
Self-assembling particles brighten future of LED lighting January 18th, 2017
Investigating the impact of natural and manmade nanomaterials on living things: Center for Environmental Implications of Nanotechnology develops tools to assess current and future risk January 9th, 2017
PCATDES Starts Field Testing of Photocatalytic Reactors in South East Asia December 28th, 2016