Nanotechnology in Environmental Applications: The Global Market
Report Highlights
- The global market for nanotechnology in environmental applications generated $1.1 billion in 2008 and an estimated $2.0 billion in 2009. This is expected to increase at a compound annual growth rate (CAGR) of 61.8% to reach $21.8 billion in 2014.
- The environmental protection segment has the largest market share, worth $661.4 million in 2008. This is expected to increase to more than $1.0 billion in 2009 and $10.3 billion in 2014, for a CAGR of 58.1%.
- Environmental enhancement is currently the second-largest market segment, generating $189.4 million in 2008 and an estimated $463.5 million in 2009. This should reach $2.8 billion in 2014, for a CAGR of 43.6%.
INTRODUCTION
- Environmental remediation
- Environmental protection
- Environmental maintenance
- Environmental enhancement
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Environmental nanotechnologies included in the tables below are shown to be either under development (UD) or in production (IP) for the particular application. All figures shown (especially for 2008 and 2009) include estimated research funding aimed at their development. All estimates will undoubtedly be subject to vagaries in demand and to the uncertainties inherent to the markets themselves and therefore should be construed as quite fluid.
Frequently Asked Questions (FAQs)
Report Highlights
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Conventional remedial methods have yielded mixed and marginal results; they are likely to give way to far more robust and effective nanotechnologies, once commercialized. These factors form the basis of the inflated estimate of $2,385.9 million for 2010, an average annual growth rate (AAGR) of 192.2%.
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The Maintenance sector of the nanotechnology market is projected to reach $1,690.0 million by 2010.
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The Protection nanotechnologies market reached $166.2 million in 2005 and is projected to grow at an AAGR of 53.0% to reach $1,393.7 million by 2010.