Global Nanotechnology Market is expected to grow 17.21%

Nanotechnology is well-defined as the science, engineering, and technology which are piloted at the nanoscale level, of about 1 to 100 nanometres.

Nanotechnology is the application of particularly small things and can be used through all the other science fields, like materials science, chemistry, biology, physics, and engineering.

Global nanotechnology market is accounted for $7.31 billion in 2017 and anticipated to grow at a CAGR of 17.21% to reach $XX billion by 2025 during the forecast period 2019-2025.

Increasing demand for MEMS devices and rising government support, private sector funding for R&D are the factors bolstering the growth of the market.

However, concerns due to nanotechnology commercialisation are hampering the growth of the global nanotechnology market. Increasing demand for light weight products in electronics & semiconductors and automotive industry are providing ample opportunities in the future.

News Source: https://www.envisioninteligence.com/industry-report/global-nanotechnology-market/