Market of Materials Science will grow by 5 foldsAuthor(s): Prof. Prita
Europe accounted for a 33% market share in global nanotechnology market revenue in 2015 after the Americas region and is forecast to grow at a CAGR of 15.6% to reach $3.98 billion by 2021. APAC region is projected to grow at a rate of 20.9% CAGR during the forecast period 2016-2021. The analysis report informs that the global nanoparticle market is expected to reach USD 91.1 million by 2020 at a CAGR of 5.4% from 2015-2020. The market growth is being improved due to the increased emphasis on Nanotechnological research and funding provided by the government to carry out the R&D in this domain. The markets of China, Brazil, India, and South Africa are attaining high growth prospects for the companies involved in R&D of nanotechnology and nanoparticle analyzing instrument distribution.