Nanotechnology is a rapidly evolving technology with many potential benefits for both the environment and society. It can provide environmentally friendly alternatives to traditional methods, making it an evolutionary technology in its own right.
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The global nanotechnology market was valued at $1,055.1 million in 2018, and is projected to reach $2,231.4 million by 2025, growing at a CAGR of 10.5% from 2019 to 2025.
Source: Allied Market Research
The energy-applied nanotechnology market is expected to double its value, from 5.7 billion U.S. dollars projected in 2018, to ten billion U.S. dollars by 2023. During this period of time, the compound annual growth rate of this market is forecast to stand at 12 percent.
Source: Statista
Nanotechnology and Nanomaterials Market 2022 to Eyewitness Massive Growth by 2027.
Source: Market watch
Nanotechnology, the manipulation of matter on a nanoscale, has many exciting applications, and research and development continue to produce more practical applications. In 2017, nanotechnology had a market value amounting to nearly 49 billion U.S. dollars worldwide and is projected to increase to nearly 76 billion U.S. dollars by 2020.
Source: Statista