Nanotechnology Poised to Affect Manufacturing Worldwide
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NEW YORK—Sales of mainstream products incorporating nanotechnology will grow from less than 0.1 percent of global manufacturing output to 15 percent in 2014, totaling $2.6 trillion, according to a report by Lux Research. The study, entitled Sizing Nanotechnology’s Value Chain, notes the value of these products will approach that of the information technology (IT) and telecom industries combined and will be 10 times larger than the biotechnology industry.
This is not to say that nanotechnology alone will account for such robust sales. In fact, Lux projects that sales of basic nanomaterials like carbon nanotubes and quantum dots will total only about $13 billion in 2014. Where nanotechnology will have its greatest impact is in the way it is incorporated into the manufacturing sector as a whole.