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.
For more information, visit www.bccresearch.com/report/NAN031D.html.