The nanomaterials boom is over a Higher-Value Pharma and Bio Nanotech Applications for Nanomaterials will Eclipse the Value of the Materials as the Market Grows to $1.5 Trillion by 2015.

Future growth opportunities in the nanotechnology sector lies in pharmaceutical and healthcare applications of nanotechnologies, according to a new report from Cientifica.

The report entitled "Half Way to the Trillion-Dollar Market - A Critical Review of the Diffusion of Nanotechnologies" reveals that both public and private spending the number of producers of nanomaterials has decreased as consolidation has increased and multi-national chemical companies now dominate the market. The market for products enabled by nanotechnologies will reach US$ 263 billion by 2012 and US$ 1.5 trillion by 2015.

After ten years of research and development, the highly developed supply chain and stability of commercially available nanomaterials is finally enabling higher value added applications. The chemical industry will continue to dominate the market until 2012 when bio-related applications will become a larger market. Highest growth rates will be in the healthcare and pharmaceutical sectors, accounting 80% of the 2015 US$ 1.5 trillion market.