Global Nanotechnology Market to Reach $26 Billion in 2015

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The global market for nanotechnology is forecast to increase to more than $26 billion in 2015, a compound annual growth rate (CAGR) of 11.1%, from sales revenues of $11.67 billion in 2009, according to a new report, "Nanotechnology: A Realistic Market Assessment," from market analyst firm BCC Research. 

The largest nanotechnology segments in 2009 were nanomaterials, with sales reaching $9 billion in 2009. This is expected to grow to more than $19 billion in 2015. Sales of nanotools, meanwhile, will experience high growth. From a total market revenue of $2.6 billion in 2009, the nanotools segment will increase at a 3.3% CAGR to reach a value of $6,812.5 million in 2015.

Sales of nanodevices, on the other hand, will experience moderate growth. This market segment was worth $31 million in 2009 and will increase at a 45.9 percent CAGR to reach a value of $233.7 million in 2015.

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