Nanotechnology continues to create demand for the industry

Nanotechnology, touted as the key to unlocking a new generation of materials and devices with revolutionary properties and functionalities, continues to create a huge demand in the global industry.

The global nanotechnology market, which stood at an estimated $12.7 billion at the end of 2008, an increased 9.5% from the year before, is projected to grow at a CAGR of about 20% from 2009 to US$30 billion in 2013, according to an International Enterprise (IE) Singapore report.

With the increasing applications of nanotechnology, the market for nanotechnology incorporated into manufactured goods will be worth US$1.6 trillion, representing a CAGR of almost 50% between 2009 and 2013.

Providing an extensive and well-developed R&D infrastructure and support, Singapore has nurtured a pool of niche nanotechnology-based SMEs offering customised and cutting-edge solutions including Bilcare Technologies, NanoGlobe, NanoMaterials Technology, ShayoNano and Wintech NanoTechnology Services.

With growing global investments in nanotechnology development and commercialisation, the opportunity is ripe for Singapore’s nanotechnology SMEs to enter the global arena.

International Enterprise (IE) Singapore, the lead government agency tasked to develop Singapore's external economy, will be leading seven Singapore-based nanotechnology companies in their debut appearance at the Nano Science and Technology Institute’s (NSTI) Nanotech Conference & Expo 2010 (Nanotech 2010) at the Anaheim Convention Center from 21 to 24 June 2010, where the companies will present their latest technologies, innovation,and services.