Home > News > Regulators get to grips with nanotechnology
October 7th, 2010
Regulators get to grips with nanotechnology
Abstract:
Nanotechnology is transforming product design and innovation among manufacturers of electronics goods, textiles, cosmetics and foodstuffs as well as in other fields of materials science.
However, for insurers, uncertainty still surrounds the increasing use of nanotechnology in products and how safe they are.
Regulatory abyss
Despite the increasing use of nano-materials in consumer products and the fact that no one really understands their long-term effects on people and the environment, little specific regulation exists on the use of nanotechnology.
CNTs (carbon nano tubes) for example are one of the most commonly used nano-materials and are now produced on an industrial scale. The market is growing fast and primary production alone is projected to be worth $460m in 2011. By the year 2014 it is estimated that 15% (by value) of all products will contain nanotechnology.
Source:
lloyds.com
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