DAILY NEWS May 15, 2006 3:20 PM - 0 comments

Environmental nanotech worth $6-billion by 2010

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2006-05-15
By 2010 the total market for nanotechnology-based environmental applications will reach more than $6.1-billion, according to a new technical market research report.

According to the report, "Nanotechnology in Environmental Applications (RNAN039A)" from BCC Research, the total market for nanotechnology-based environmental applications in 2005 was $374.9 million. The report also predicts an average annual growth rate (AAGR) of 75.2 per cent. The market is broken down into four sectors: remediation, protection, maintenance, and enhancement.

The findings indicate that the market for remediation is the fastest growing of these four categories. By 2010 it will reach more than $2.3-billion, at an AAGR of more than 100 per cent. Some of the reasons cited are that traditional remediation methods have been relatively ineffectual and soon several powerful remedial nanotechnologies are very close to implementation. Once the performance and safety of these mechanisms are verified in the field, they will have the potential for initiating a radical spike in demand.

Global Market for Nanotechnology in Environment Applications, through 2010
($ Millions)
Enviro Sector 2003 2004 2005 2010 AAGR%
Remediation 2.8 4.8 11.2 2,385.9 >100.0
Protection 61.3 88.6 166.2 1,393.7 53.0
Maintenance 25.4 59.8 133.9 1,690.0 66.0
Enhancement 3.2 5.2 63.6 724.9 62.7
Total 92.7 158.4 374.9 6,194.5 75.2

Source: BCC Research

For further information, contact Jay Imhoff at 203-854-6517 ext 309 or publisher@bccresearch.com or visit www.bccresearch.com







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