Nanomaterial global demand to reach $3.6 billion in 2013

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April 8, 2010 (MMD Newswire) -- The Infoshop by Global Information would like to present a new market research report, "WORLD NANOMATERIALS (Industry forecasts for 2013, 2018 & 2025)" by The Freedonia Group.

Global market outlook for nanomaterial demand is bright. As it continues to rise, world nanomaterial demand will post robust 21% yearly gains ultimately reaching $3.6 billion in 2013. According to The Freedonia Group: "By 2025, nanomaterials are expected to reach over $34 billion in sales, having still only scratched the surface of their immense market potential."

The nanomaterial market was overwhelmingly concentrated in the developed world in the 2008 period. The U.S. and Japan combined represented over half of the total nanomaterial market demand. An additional 34% of world demand is accounted for by Taiwan and South Korea, which are both high-income Asian nations. Meanwhile, the most rapid gains in nanomaterial markets will arise in China and India. "By 2025, it is expected that China will overtake Japan as the second-largest market for nanomaterials in the world behind the United States," say researchers at The Freedonia Group.

Health care is expected to overtake electronics as the largest world market for nanomaterials in 2013 and beyond. Nanomaterial-based pharmaceuticals include nanoscale drug delivery systems and nanosized drug active ingredients, which have experienced considerable commercial success up to now. The future market outlook for nanomatericals in health care includes expanding from pharmaceuticals into other medical product and health care applications, such as diagnostics, imaging and dental care

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Eric Chang


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