“Worldwide Nanotechnology Industry to accomplish the market size of US$ 71.2 Billion by 2020 - says RNCOS”.

Noida, UP -- (SBWire) -- 12/02/2014 --Nanotechnology is a diverse field finding applications in numerous industries. Scientists and engineers in almost all industries are developing nanotechnology to make their products stronger, lighter, more durable, more corrosion resistant and more economical. The Worldwide Nanotechnology Market was valued at nearly US$ 24.1 Billion in 2013 which is projected to grow at a CAGR of around 16.5% in the next few years from 2014-2020 attaining the revenue of US$ 71.2 Billion by 2020 as per RNCOS Analysis.

Highlighting the huge potential in this industry, Shushmul Maheshwari, CEO - RNCOS said "global energy demand is continuously growing and is anticipated to expand further in future. Therefore the utilization of nanotechnology in energy sector is a recent trend in various scientific researches". He further added, "Advanced nanotechnology will result in working at the molecular level with dexterity precision. This will help in building various ranges of products that are presently impossible to make".

Our analysis suggests that nanotechnology has various potential impacts on cancer research. Presently, various researches are going on all over the world to create methods to cure cancer with the utilization of this technology. Besides this, nanomaterials have initiated to enter the food chain through well-known food products and their packaging, but there is little acknowledgment by the companies using them. Thus, various companies are interested in nanomaterials utilization in their food products which can support them make products creamier without additional fat, intensify and enhance flavors and brighten colors. This will escalate the market of nanotechnology worldwide in the next seven years over the period 2014-2020.

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About RNCOS
RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.