Nanotechnology Turning Energy and Textile Sectors Smart

Released on: June 23, 2008, 11:47 pm

Press Release Author: Shushmul Maheshwari

Industry: Industrial

Press Release Summary: The global nanotechnology market is rapidly growing due to
its rising applications in textile and energy sector, strong government support and
massive investment.

Press Release Body: According to a new market research report -
“Nanotechnology Market Forecast to 2011” - by RNCOS, the rapidly growing
nanotechnology market has immense potential applications in various industries such
as energy and textile.

The report says that nanotechnology can found uses in the energy sector for various
applications such as conversion, manufacturing improvements and storage by cutting
materials and process rates, energy saving and improved renewable energy sources.
Consequently, the market for nanoparticles in energy sector applications is poised
to grow at a CAGR of over 59% by 2012 from 2006.

Moreover, the other industry where nanotechnology is rapidly making its place is the
textile industry, says the RNCOS report. The nanotechnology applications in the
textile industry mainly focus on nano surface coating of textiles, for instance,
with deodorant substances and smart clothes, like intelligent textile embedded with
sensors to count one’s pulse rate or communication instruments. The glut of
applications is projected to push the nanotechnologies being used in textile
industry at a CAGR of more than 53% by 2012.

Viewing the future prospects of nanotechnology, huge investments are being made in
this sector, says the report. Both rich and poor governments around the world are
hugely investing in the nanotechnology as a key to global economic competitiveness.
The government support to boost the nanotechnology industry is not only being found
in the developed countries but in developing countries like China, Taiwan and South
Korea as well that are looking to synchronize the nanotechnology activities at the
national level.

Energy and textile sectors are just part of the comprehensive research
“Nanotechnology Market Forecast to 2011”. The report provides an outlook
of the past, current and future market trends of the global nanotechnology market
along with an overview on emerging nanotechnology markets. It also offers
comprehensive information on various segments of nanotechnology market such as
patent, application and R&D investment, and explores the issues impacting the growth
of the market. It also provides detailed research on the nanotechnology market of
key countries showing their dominance in the sector along with emerging countries in
this domain.

The nanotechnology report gives forecast on nanotechnology market by component,
nanotechnology in manufacturing goods by segment, nanotechnology funding by country,
and nanorobots, NEMS, related materials and equipment market by segment.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

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