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In a recent release, NANOTECHNOLOGY IN WATER TREATMENT (NAN051A) from BCC Research (www.bccresearch.com), the global value of nanotechnology products used in water treatment procedures was worth $1.4 billion in 2010. That value is projected to reach $2.2 billion by 2015 as it increases at a compound annual growth rate (CAGR) of 9.7%.
The market is made up of two segments: established products and emerging products. Established products were valued at nearly $1.4 billion in 2010 and are expected to reach $2.1 billion by 2015, for a CAGR of 9.2%. Emerging products were valued at $45 million in 2010 and, with a CAGR of 20%, should reach $112 million by 2015.
Well-established products make up most of the current market, and include reverse- osmosis, nanofiltration, and ultrafiltration membrane modules. The emerging products mostly are in precommercial phases, and include nanofiber filters, carbon nanotubes, and a range of nanoparticles.
The reason to further develop nanotechnology in water treatment is to improve methods such as purification, desalination, decontamination, and remediation. Nanotechnology products also are expected to lower treatment costs in some cases.
Currently, countries such as the United States, Germany, and Japan are leading the way in nanotechnology development. Nanotechnology in water treatment will be useful to developing countries also, however, as it may enable them to leapfrog inferior and more expensive technologies.
Senior marketing personnel, venture capitalists, executive planners, research directors, government officials, and industry suppliers should find this report useful. Not only can it be used to exploit current and projected market niches, but it may also help the reader understand how regulations, market pressures, and technology interact with one another in water treatment.
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