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Nanotechnology is the engineering of functional systems at the molecular scale. It refers to the applied part of Nano science which includes the engineering to control, manipulate and structure the matter at an unimaginably small scale.

Nanotechnology is very diverse, ranging from extensions of conventional device physics to completely new approaches based upon molecular self-assembly, from developing new materials with dimensions on the nanoscale to direct control of matter on the atomic scale. Nanotechnology is applied in the field of science as diverse as surface science, organic chemistry, molecular biology, semiconductor physics, micro fabrication, etc. Ìý

Industry Overview

As per the reports, Nanomaterials will remain at the forefront of the nanotechnology industry; growth will also be witnessed in Nano devices, outpacing growth in nanomaterials over the coming years. The US will continue dominating the global nanotechnology market, and emerging markets such as India, Brazil and Korea will continue investing in research and development.

Nanotechnology Industry Current Trends

• As per the reports given by Nanotechnology Now, the nanotechnology applications and nanomaterials are being applied across a raft of industries due to their outstanding magnetic, optical, catalytic and electronic properties. There are already established market for nanomaterials including titanium dioxide, zinc oxide, silicon oxide nanopowders and carbon nanotubes, nanofibers, nanosilver, nanoclays, quantum dots and nanoporous materials driven by demand from applications in filtration, electronics, cosmetics, energy, medicine, chemicals, coatings and catalysts.
• According to the reports given by Global Industry Analysts, the world nanotechnology market is expected to exceed $30 billion by 2015.
• As per the reports given by Ceintifica, nanotechnology has a major role in drug delivery continues to expand. It might become one of the leading growth sectors in the nanotechnology sector over the next 10 years. One important Nano-healthcare benefit includes targeted drug delivery therapies used to treat cancer.

Major Nanotechnology Industry Players

Some of the major Nanotechnology industry players are: Advanced Diamond Technologies, Inc., Advanced Nano Products Company Limited, Altair Nanotechnologies Inc., Arrowhead Research Corporation., Calando Pharmaceuticals, Inc., Bruker Corporation, Catalytic Materials, LLC, Chemat Technology Inc., eSpin Technologies, Inc., etc.