Global Nanotechnology Market to Reach $64.2 Billion in 2019; Nanodevices Segment Surging at 34% CAGR

Wellesley, Mass. (PRWEB) January 29, 2015

BCC Research (http://www.bccresearch.com) reveals in its new report, Nanotechnology: A Realistic Market Assessment, that the global market for nanotechnology is expected to grow to $64.2 billion by 2019, with a five-year compound annual growth rate (CAGR) of 19.8%. Nanodevices, the fastest moving segment of the overall market, are anticipated to move at a tremendous 34% CAGR.

Nanotechnology the creation and utilization of materials, devices, and systems through the manipulation of matter at scales of less than 100 nanometers continues to have a broad and fundamental impact on nearly all sectors of the global economy, including the biomedical, electronics, energy, environmental, and pharmaceutical industries.

Nanomaterials, particularly nanoparticles and nanoscale thin films, dominated the nanotechnology market in 2013, accounting for 78.8% of the market. This segment is predicted to grow to $52.7 billion by 2019 and register a healthy 20.7% CAGR.

Meanwhile, the nanotools category, which is comprised of devices that are used to manipulate or measure nanoscale objects or substances, accounted for 21% of the 2013 nanotechnology market. This segment is expected to reach nearly $11.3 billion by 2019 to register a solid CAGR of 16.2%

However, the nanodevices category, which was valued at just $39 million in 2013, is projected to surge to $183.4 million in 2019. This growth will primarily be driven by increasing consumer demand for smaller and more powerful electronic devices.

"Increased R&D spending in both the private and public sectors is driving the development of commercial nanomaterials applications such as nanocatalyst thin films for catalytic converters, as well as new and emerging technologies such as nano-thin film solar cells, nanolithographic tools, and nanoscale electronic memory," said BCC Research nanotechnology analyst Andrew McWilliams. "Rising demand for miniaturization in electronics, as well as public health and environmental concerns are anticipated to shape significant growth in this market for the foreseeable future."

Nanotechnology: A Realistic Market Assessment provides an overview of the global nanotechnology market. It includes analyses of global market trends, with data from 2013, estimates for 2014, and projections of CAGRs through 2019.

Editors and reporters who wish to speak with the analyst should contact Steven Cumming at steven.cumming(at)bccresearch(dot)com.

About BCC Research BCC Research publishes market research reports that make organizations worldwide more profitable with intelligence that drives smart business decisions. These reports cover today's major industrial and technology sectors, including emerging markets. For more than 40 years we've helped customers identify new market opportunities with accurate and reliable data and insight, including market sizing, forecasting, industry overviews, and identification of significant trends and key market participants. We partner with analysts who are experts in specific areas of industry and technology, providing unbiased measurements and assessments of global markets. Recently selected as the worlds greatest market research company, BCC Research is a unit of Eli Global, LLC. Visit our website at http://www.bccresearch.com. Contact us: (+1) 781-489-7301 (U.S. Eastern Time), or email information(at)bccresearch(dot)com.

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Global Nanotechnology Market to Reach $64.2 Billion in 2019; Nanodevices Segment Surging at 34% CAGR

Made-in-Singapore test kit detects dengue in 20 minutes

SINGAPORE: A new rapid test kit will soon allow dengue diagnosis in just 20 minutes, the Agency for Science, Technology and Research (A*STAR) said in a news release on Thursday (Jan 29).

The paper-based disposable device developed by the Institute of Bioengineering and Nanotechnology (IBN) of A*STAR detects dengue antibodies in saliva.

This is faster than the current diagnosis process of taking blood samples and testing it in a laboratory for dengue antigens or antibodies. Unlike blood samples, saliva can be collected easily and painlessly.

The kit can also detect dengue antibodies from early-stage secondary infections of dengue. Patients with secondary infections, who have previously contracted different strains of the dengue virus, stand a higher risk of developing dengue hemorrhagic fever or dengue shock syndrome.

"The ability to differentiate between primary and secondary dengue infections makes it a valuable early diagnosis tool that would help to ensure timely treatment and proper care of patients," said IBN Executive Director Professor Jackie Y Ying.

Early diagnosis is crucial as the incubation period before dengue symptoms develop generally ranges from four to ten days after infection, and timely intervention can help prevent further complications.

Typically, paper-based tests are not designed to handle large volumes of saliva required, but the design of IBN's rapid test kit allows that.

Researchers hope to make the device as easy to use as over-the-counter pregnancy or fertility test kits, and may adapt it to detect other infectious diseases.

The institute is currently collaborating with ARKRAY Inc. to commercialise the technology.

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Made-in-Singapore test kit detects dengue in 20 minutes

Nanotechnology company gets incentives to move to Sarasota County

Published: Tuesday, January 27, 2015 at 4:23 p.m. Last Modified: Tuesday, January 27, 2015 at 4:23 p.m.

SARASOTA - US Nano LLC is moving from Indiana to Sarasota County to accommodate future growth, officials said Tuesday.

The early stage nanotechnology company, coming from South Bend, Indiana, plans to triple its employees as part of the move to a 5,000-square-foot building at 1748 Independence Blvd.

There, the company has spent about $400,000 to build a state-of-the-art nanotechnology lab.

US Nano's move follows the company's selection for a $750,000 National Science Foundation grant and receipt of $1 million from investors.

"Sarasota is not only a beautiful location, but there is growing high-tech industry in the region," US Nano vice president Louise E. Sinks said. "Being part of Florida's High Tech Corridor is extremely appealing to any high-tech start-up."

US Nano develops flexible electronic devices printed on plastic. Its proprietary "nanowires" have the potential for many commercial applications because they can measure and manipulate light and heat. That ability can be critical to energy, health care, communications and defense firms, as well as consumer device makers.

Sarasota County will provide US Nano with $3,000 for every local job it creates. Executives hope to add eight jobs in its first year and two in the second, according to the Economic Development Corp. of Sarasota County.

Three US Nano professionals have moved to Sarasota County so far, and the company hired another two staffers this month.

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Nanotechnology company gets incentives to move to Sarasota County

Engineer receives NSF CAREER award for nanotechnology research, educational outreach

IMAGE:Gurpreet Singh, assistant professor of mechanical and nuclear engineering at Kansas State University, has received a $500,000 National Science Foundation CAREER award for his nanotechnology research. view more

Credit: Kansas State University

MANHATTAN, KANSAS -- A prestigious award will support a Kansas State University engineer's research on nanosheets and will help organize educational activities for high school students and teachers.

Gurpreet Singh, assistant professor of mechanical and nuclear engineering, has received a $500,000 National Science Foundation CAREER award, "Scalable liquid exfoliation processing of ultrathin two-dimensional metal dichalcogenides nanosheets for energy storage devices."

Singh will use the award to develop ultrathin metal sheets that can help produce better rechargeable batteries, supercapacitors and catalysts for photoelectrochemical hydrogen production.

The award will help with more than research -- Singh also will organize hands-on educational activities. He is planning nanotechnology-oriented summer workshops for high school science teachers and female high school students.

"I want to create excitement about the opportunities in nanotechnology and also make others aware of the challenges related to scalable manufacture and high-cost that is currently hindering introduction in practical applications," Singh said.

The National Science Foundation's Faculty Early Career Development Program is one of the foundation's most prestigious awards for supporting early career faculty who effectively integrate research and education within the context of their institution's mission. Faculty recognition and awards are an important part of Kansas State University's plan to become a Top 50 public research university by 2025.

With his CAREER award, Singh will study large-scale production of ultrathin sheets -- a few atoms thick and several micrometers wide -- of transition metal dichalcogenides, or TMDs. Nearly 40 types of TMDs have been identified, including naturally occurring molybdenite.

Little is known about the structure of TMDs and their mechanical, electrical and electrochemical properties, Singh said.

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Engineer receives NSF CAREER award for nanotechnology research, educational outreach

Nanotechnology may provide more effective cancer treatment

SINGAPORE: A study led by National University of Singapore (NUS) researchers on cancer treatment has yielded promising results that could mean a more effective way of treating the disease via nanotechnology, with fewer side effects.

Still in its early stages, with clinical trials on people two years away, the studys findings show that when the widely-used, but toxic, chemotherapy drug Epirubicin is attached to nanodiamonds, chemo-resistant cancer cells are less able to pump the drug out of the cell, allowing a reservoir of the medication to form and kill more cells. This results in a smaller chance of tumours forming again following standard chemotherapy.

In addition, the new drug-delivery system is also designed to be PH-resistant - the drug is released only in an acidic environment, such as in cancer cells and not while it is flowing through the bloodstream. This minimises side effects, making it a potential alternative for patients who cannot tolerate standard chemotherapy drugs.

The study is led by NUS Assistant Professor Edward Chow, who is junior principal investigator at the Cancer Science Institute Singapore. It is conducted in collaboration with Professor Dean Ho of the University of California Los Angeles.

The findings were first published online in ACS Nano, the official journal of The American Chemical Society, in December last year.

Asst Prof Chow explained: This method has proven to be safer than chemotherapy because, in nanodiamond-Epirubicin form, more of the drug gets to the cancer cell and, once it enters the cell, does not immediately kill the cell. Rather, it provides a reservoir of drug that eventually kills the cancer cell.

He added: Lab tests show that the use of nanodiamond-Epirubicin has no side effects so far. It is removed through excretion.

Although researchers initially looked at tackling liver cancer, the drug-delivery system can be used to treat a range of difficult cancers, particularly those driven by chemo-resistant cancer stem cells.

Nanodiamonds are about five nanometres in diameter - one nanometer is one billionth of a metre - and are shaped like footballs. This prevents them from combining into larger structures that may be harmful and toxic, which is a major concern of introducing nanomaterials into the body.

Asst Prof Chow said: Every test that we have run shows that it is very safe. But a lot of work still has to be done and we are still in the stage of demonstrating a certain level of safety to test it on humans. We hope to roll it out in clinical trials in two years.

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Nanotechnology may provide more effective cancer treatment

Nanotechnology changes behavior of materials

3 hours ago by Beth Miller Thimsen

One of the reasons solar cells are not used more widely is costthe materials used to make them most efficient are expensive. Engineers are exploring ways to print solar cells from inks, but the devices don't work as well.

Elijah Thimsen, PhD, assistant professor of energy, environmental & chemical engineering in the School of Engineering & Applied Science at Washington University in St. Louis, and a team of engineers at the University of Minnesota have developed a technique to increase the performance and electrical conductivity of thin films that make up these materials using nanotechnology. Their work was published in the Dec. 19, 2014, issue of Nature Communications.

Transparent conductors are thin films, which are are simply ultrathin layers of materials deposited on a surface that allow light to pass through and conduct electricity, a process in which electrons flow through a system. Thimsen and his team found by changing the structure of a thin film made of zinc oxide nanoparticles, electrons no longer flowed through the system in a conventional way, but hopped from place to place by a process called tunneling.

The team measured the electronic properties of a thin film made of zinc oxide nanoparticles before and after coating its surface with aluminum oxide. Both the zinc oxide nanoparticles and aluminum oxide are electronic insulators, so only a tiny amount of electricity flows through them. However, when these insulators were combined, the researchers got a surprising result.

"The new composite became highly conductive," Thimsen said. "The composite exhibits fundamentally different behavior than the parent compounds. We found that by controlling the structure of the material, you can control the mechanism by which electrons are transported."

Because the reason behind this is not well understood, Thimsen and the team plan to continue to work to understand the relationship between the structure of the nanoparticle film and the electron transport mechanism, he said.

"If electrons are tunneling, they're not really moving with a classical velocity and moving from one point to the next," Thimsen said. "If electrons are tunneling from one point to the next, one hypothesis is that they won't interact with strong magnetic fields. One of our long-term visions is to create a material that has high electrical conductivity but does not interact with magnetic fields."

In addition, the new composite's behavior also improved its performance, which could ultimately help to lower the cost of materials used in solar cells and other electronic devices.

"The performance is quite good, but not at the level it needs to be to be commercially viable, but it's close," Thimsen said.

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Nanotechnology changes behavior of materials

Oxford Instruments sees second-half revenue below market expectations

(Reuters) - Oxford Instruments Plc , a maker of nanotechnology tools, warned of a nearly 26 percent fall in full-year profit, citing weak trading in Russia and Japan.

Shares in the company plunged nearly 30 percent on Thursday, wiping off more than 180 million pounds of its market value.

Oxford Instruments, which makes maintenance systems and parts for CT and MRI scanners, also said it expected revenue for the second half to be below market expectations.

The company said its Russian operations suffered due to the recent sanctions and cancellation of certain export licences.

"We now assume that no sales can be made to Russia for the remainder of this year and we are also assuming no sales to Russia next year," the company said in a statement.

At least three brokerages placed their price targets on the stock under review following the unexpected trading statement.

"Consensus is sure to drop significantly today. It becomes harder to remain positive about a share that has delivered so many reversals," Investec analysts said in a note.

Oxford Instruments shares were the biggest losers on the FTSE Midcap index <.FTMC>. They were down 27 percent at 803 pence per share at 0912 GMT, after touching their lowest since October 2011 earlier.

The company said it expected an adjusted pretax profit of about 35 million pounds for the year ending March 31, compared with 47.1 million pounds a year earlier.

Analysts on average expected a full-year pretax profit of 45.49 million pounds on revenue of 404 million pounds, according to Thomson Reuters I/B/E/S.

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Oxford Instruments sees second-half revenue below market expectations

Oxford Instruments warns on profit, shares plunge

(Reuters) - Oxford Instruments Plc , a maker of nanotechnology tools, warned of a nearly 26 percent fall in full-year profit, citing weak trading in Russia and Japan.

Shares in the company plunged nearly 30 percent on Thursday, wiping off more than 180 million pounds of its market value.

Oxford Instruments, which makes maintenance systems and parts for CT and MRI scanners, also said it expected revenue for the second half to be below market expectations.

The company said its Russian operations suffered due to the recent sanctions and cancellation of certain export licences.

"We now assume that no sales can be made to Russia for the remainder of this year and we are also assuming no sales to Russia next year," the company said in a statement.

At least three brokerages placed their price targets on the stock under review following the unexpected trading statement.

"Consensus is sure to drop significantly today. It becomes harder to remain positive about a share that has delivered so many reversals," Investec analysts said in a note.

Oxford Instruments shares were the biggest losers on the FTSE Midcap index <.FTMC>. They were down 27 percent at 803 pence per share at 0912 GMT, after touching their lowest since October 2011 earlier.

The company said it expected an adjusted pretax profit of about 35 million pounds for the year ending March 31, compared with 47.1 million pounds a year earlier.

Analysts on average expected a full-year pretax profit of 45.49 million pounds on revenue of 404 million pounds, according to Thomson Reuters I/B/E/S.

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Oxford Instruments warns on profit, shares plunge

Science Documentary:Future Scenarios, Nanotechnology, Carbon Nanotubes, Nanomagnetism – Video


Science Documentary:Future Scenarios, Nanotechnology, Carbon Nanotubes, Nanomagnetism
Science Documentary:Future Scenarios, Nanotechnology, Carbon Nanotubes, Nanomagnetism As technology progresses into the future, it can bear several very diff...

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Science Documentary:Future Scenarios, Nanotechnology, Carbon Nanotubes, Nanomagnetism - Video

Nature Nanotechnology : Macroscopic contraction of a gel induced by the integrated motion… – Video


Nature Nanotechnology : Macroscopic contraction of a gel induced by the integrated motion...
Macroscopic contraction of a gel induced by the integrated motion of light-driven molecular motors. Quan Li et al. (2015), Nature Nanotechnology, http://dx.doi.org/10.1038/nnano.2014.315 Making...

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Use of nanotechnology in cosmetics and pharmaceuticals

9 hours ago Professor Dr Mahiran Basri. Credit: Universiti Putra Malaysia

The use of oils and fats has been successfully diversified, resulting in an innovation formulated through nanotechnology that is beneficial to pharmaceutical and cosmetics industries.

A Faculty of Science, Universiti Putra Malaysia (UPM) lecturer, Professor Dr Mahiran Basri, not only succeeded in producing new useful substances made of oils and fats for the industry, but also managed to produce them through environmental-friendly ways.

"This organic synthesis uses enzymes and it is produced through nanotechnology. Our focus is to process new substances derived from oils and fats," she said in an interview at her office.

In the field of cosmetics, for instance, she said there are antioxidants and anti-aging substances, through the use of nanotechnology, those substances can easily absorb through the skin.

This way, they would be more effective, she added.

"What is also important is that the materials are clean and safe," said the winner of the Islamic Educational Scientific and Cultural Organization (ISESCO) for Science and Technology 2014 award, which was held in Rabat, Morocco, in December.

The recognition was based on her active research and excellent performance in the field of chemistry including her far-reaching oil palm research that has contributed to the pharmaceutical and cosmetics industries.

The award was presented by the ISESCO Director General, Dr Abdulaziz Othman Altwaijri as Prof Mahiran took home a certificate, a medal and a cash prize of USD$5,000.

The biennial award has been organised by the Organisation of the Islamic Conference (OIC) since 1979 to foster and strengthen collaboration in the fields of science, education and culture among the OIC members.

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Use of nanotechnology in cosmetics and pharmaceuticals