Nano-Materials: Over-Hyped or Gaining Potential?

Just like every other innovation, nanotechnology too was over-hyped earlier this decade. Due to some high profile failures, manufacturers and investors were skeptical about the future of the technology. However, a report from Lux research shows that nanotechnology has become pervasive in a wide range of industries, with $147 billion worth of Nano-enabled products produced in 2007 – a figure set to grow to $3.1 trillion in 2015. This has outgrown the numbers estimated by Lux report of 2004.

nanoparticles

Nanomaterials are only nanometers or billionths of a meter in size. They comprise the basic building blocks of nanotechnology, or science and engineering on the scale of molecules.

Nanotech isn’t a new market; it is an enabling technology that improves many types of products. Nanotechnology is expected to drive a second Industrial Revolution in the 21st century, yielding panoply of devices - everything from miniature supercomputers to labs on a chip that can rapidly scan a person for a disease or a terrorist’s tools.

In 2004, about 200 companies worldwide sold roughly $130 million in nanomaterials. As nanotechnology ramps up over the next decade, expectations are high that nanomaterials demand will skyrocket as well, leading to big profits.

It is expected that past 2012, nanotechnology’s impact will deepen as new nanotech innovations get incorporated into product categories that already make use of existing nanotech enhancements. During this time frame, Nano-enabled micro chips will begin to make their presence felt.

Moving along with the current of fast growing nanotechnology, Nanoshel has also expanded its product range. We are now manufacturing oxides and alloy based nanopowder. These Nano materials find application in a wide range of products, including but not limited to, plastics, electrical circuits, drugs and medicines, coatings of mechanical parts etc.

Let’s see how much potential the over-hyped field of nanotechnology contains!

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