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Global Market for Nanotechnology to Reach $3.3 Trillion by 2018
Date:12/3/2012

FARMINGTON, Conn., Dec. 3, 2012 /PRNewswire-iReach/ -- As a technology capable of bringing closer to reality futuristic visions of intelligent device capabilities and technology-embedded environments, Nanotechnology is poised to reign supreme in diverse industries ranging from manufacturing, military, space exploration, electronics, entertainment to healthcare. The technology has already touched and improved virtually every area of modern life. From construction, consumer goods to transportation, incremental improvements in nanoscale capabilities have brightened the functionalities of materials and devices in general.

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Global Information Inc (GII) highlights two significant reports on the global nanotechnology and carbon nanotubes markets from our premium market research partner Global Industry Analysts, Inc.

Nanotechnology

The global market for nanotechnology based products is projected to reach $3.3 trillion by 2018. Increasing production of nanomaterials, and rapid commercialization of nanotechnologies-enabled products are expected to drive robust opportunities for nanotechnology industry in the upcoming years. The significant drop in prices of a broad gamut of nanotechnology based products and materials such as nanoclays and silver-based nano-additives among others will especially help broaden their applications in wide spectrum of industries, thus boosting the market. Today, silver-based nano-additives find increased use in food, clothing and white goods applications. Growing penetration of nanotechnology based products in relatively niche application markets such as cosmetics, sporting goods, textiles, and environment protection also augurs well for the future of this mar
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