Nanotechnology: A Realistic Market Evaluation

SUMMARY

The promise of nanotechnology has created lofty expectations in somequarters. The U.S. National Science Foundation is on record as predicting thatthe market for nanotechnology, or products containing nanotechnology, will reach$1 trillion in 10 to 15 years.

Along with high expectations, nanotechnologyalso evokes fear in some people. Bill Joy, co-founder of Sun Microsystems,published an article in 2000 in which he called nanotechnology (along withbiotechnology and robotics) a "Faustian bargain" and a "Pandora'sbox," and he called on mankind to relinquish all three technologies. In2002, Michael Crichton's novel Prey, a fictional treatment of the dangers ofnanotechnology, made the New York Times' best seller list.

Tellingly, both Joyand Crichton were especially preoccupied with self-replicating nanobots called"molecular assemblers," a development that is probably decades away,if it is in fact feasible at all. Both advocates and opponents of nanotechnologytend to lose sight of the fact that progress in developing commercialnanotechnology applications has been slow.

Nanotechnology for the most partremains a set of solutions in search of a problem. In addition to critics andnovelists, this uncertainty about the future of nanotechnology createsdifficulties for investors who sometimes have difficulty separating reality fromhype. This report takes a hard look at the nanotechnology field, and tries toprovide a road map to the technologies and applications that are most likely tobe commercialized in the next 5 years.

STUDY BACKGROUND

While it appears inevitable that nanotechnology will have a broad andfundamental impact on many sectors of the U.S. economy, various technical,marketing, and other hurdles need to be overcome before nanotechnology fulfillsthis promise. These challenges and differences of opinion regarding theircommercial implications are reflected in the wide divergence among existingestimates of the U.S. and global nanotechnology markets.

Global estimates for2004 to 2005 range from $8 billion to $68 billion. As mentioned earlier, theU.S. National Science Foundation has predicted that the global market fornanotechnologies will reach $1 trillion or more within 20 years. Other analystsdownplay the commercial dimensions of the nanotechnology market, focusinginstead on the supply side - that is, the development of new nanoscaletechnologies and applications. These analysts have made valuable contributions,raising investors' awareness of and interest in nanotechnologies. However, byitself, their work does not provide sufficient information in order to guidecorporate or individual investment decisions. Investors require additional data,such as the size of specific nanotechnology markets, prices, and competition, aswell as potential regulation.

STUDY GOALS AND OBJECTIVES

The goal of this report is to provide investors and others with informationon the commercial potential of various nanotechnologies, and to complement thegrowing body of technical information. Specific objectives include identifyingsegments of the nanotechnology market with the greatest commercial potential inthe near to mid-term (2003 to 2008), projecting future demand in these segments,and evaluating the challenges that must be overcome for each segment to realizeits potential in order to estimate the probability of successfulcommercialization.

INTENDED AUDIENCE

The report is especially intended for entrepreneurs, investors, venturecapitalists, and other readers with a need to know where the nanotechnologymarket is headed in the next 5 years. Other readers who should find the reportparticularly valuable include nanotechnology marketing executives and governmentofficials associated with the National Nanotechnology Initiative and otherstate-level programs to promote the development of the nanotechnology industry.The report's findings and conclusions should also be of interest to the broadernanotechnology community.

SCOPE AND FORMAT

The global market for nanotechnology applications will be addressed.Nanotechnology applications are defined comprehensively as the creation andutilization of materials, devices, and systems through the manipulation ofmatter at scales of less than 100 nanometers. Based on this definition, thescope of the study includes a number of long-established nanotechnologyapplications (e.g., photographic emulsions and carbon black), as well ascutting-edge applications that are still in the early launch phase or stillunder development. The study covers nanomaterials (nanoparticles, nanotubes,nanostructured materials, and nanocomposites), nanotools (nanolithography toolsand scanning probe microscopes), and nanodevices (nanosensors andnanoelectronics). The study format includes the following major elements:

• Executive summary
• Definitions
• Milestones in the development of nanotechnology
• Current and potential nanotechnology applications
• Applications and end users with the greatest commercial potential through2008
• Global nanotechnology market trends, 2002-2008
• Factors that will influence the long-term development of nanotechnology
• Market shares and industry structure

METHODOLOGY AND INFORMATION SOURCES

Projecting the market for emerging technologies, such as most nanotechnologyapplications whose commercial potential has not yet been proven, is achallenging task, which may help to explain why most analysts so far havefocused on supply-side technology assessments. This report uses a multiphaseapproach to identify the nanotechnology applications with the greatestcommercial potential and quantify the market for these applications, asdescribed below.

In the first phase of the analysis, we identify a 'long list'of potential nanotechnology applications (including applications that are stillunder development) and map them against potential end-user industries, such asinformation technology/electronics, biotechnology, and health care. In thesecond phase, we eliminate those nanotechnology applications that appear to havelittle likelihood of making it into commercial production in the next 5 years.This is accomplished through a literature review and interviews with industrysources. The result of phase two was is a 'short list' of applications andend-user industries with the greatest near- to mid-term commercial potential.

Thethird phase is focused on quantifying the potential broader market for eachshort-listed nanotechnology application and identifying the main prerequisitesfor commercial success. Various methodologies and data sources were used todevelop the projections, including trend-line projections, input-outputanalysis, and estimates of future demand from industry sources.

TABLE OF CONTENTS

INTRODUCTION

• STUDY BACKGROUND
• STUDY GOALS AND OBJECTIVES
• INTENDED AUDIENCE
• SCOPE AND FORMAT
• METHODOLOGY AND INFORMATION SOURCES
• ANALYST CREDENTIALS
• RELATED BCC, INC. RESEARCH
  • REPORTS
  • MONTHLY NEWSLETTER
• BCC ONLINE SERVICES

EXECUTIVE SUMMARY

• Summary Table:
  GLOBAL NANOTECHNOLOGY MARKET, THROUGH 2008 ($ MILLIONS)
• Summary Figure:
  GLOBAL NANOTECHNOLOGY MARKET, 2002-2008 ($ MILLIONS)

OVERVIEW: POTENTIAL NANOTECHNOLOGY END USERS AND APPLICATIONS

• GENERAL DESCRIPTION OF NANOTECHNOLOGY
  • DEFINITION
  • TYPES OF NANOTECHNOLOGY
  • BRIEF HISTORY OF NANOTECHNOLOGY
• NANOTECHNOLOGY APPLICATIONS
  • NANOMATERIALS
• Table 1 MAJOR CATEGORIES OF NANOMATERIALS
  • Nanoparticles
  • Commercial Nanoparticle Applications
  • Established Applications
• Table 2 ESTABLISHED COMMERCIAL NANOPARTICLE APPLICATIONS, 2003
  • Tires and Other Rubber Products
  • Catalytic Converters
  • Photographic Supplies
  • Inks and Pigments
  • Coatings and Adhesives
  • Ultrafine Polishing Compounds
  • UV Absorbers for Sun Screens
  • Synthetic Bone
  • Ferrofluids
  • Optical Fiber Cladding
  • Launch-Phase Nanoparticle Applications
• Table 3 LAUNCH-PHASE NANOPARTICLE APPLICATIONS, 2003
  • Fabrics and Fabric Treatments
  • Filtration Systems
  • Dental Products
  • Surface Disinfectants
  • Diesel Fuel Additives
  • Fuel and Explosive Additives
  • Hazardous Chemical Neutralizers
  • Developmental Nanoparticle Applications
• Table 4 DEVELOPMENTAL NANOPARTICLE APPLICATIONS, 2003
  • Rechargeable Lithium Ion Batteries
  • Antioxidants
  • Dental-Care Products
  • Nanotubes
  • Commercial Nanotube Applications
• Table 5 COMMERCIAL NANOTUBE APPLICATIONS, 2003
  • Automotive Components
  • Electronics Production/Clean-Room Equipment
  • Scanning Microscope Tips
  • Sports Equipment
  • Launch-Phase Nanotube Applications
  • Field Emission Devices
  • X-Ray Devices
  • Flat-Panel Displays
  • Other Field Emission Applications
  • Developmental Nanotube Applications
• Table 6 DEVELOPMENTAL NANOTUBE APPLICATIONS, 2003
  • Semiconductors
  • Drug-Delivery Systems
  • Fuel Cells
  • Other Applications
  • Nanostructured Materials and Coatings
  • Nanostructured Materials and...(Continued)
  • Established Nanostructured Materials/Coatings Applications
• Table 7 NANOSTRUCTURED MATERIAL, ESTABLISHED APPLICATIONS, 2003
  • Catalysts
  • Filtration and Separation
  • Semiconductor Dielectric Materials
  • Optical Coatings
  • Coatings for Magnetic Data Storage Media
  • Electroconductive Coatings
  • Launch-Phase Nanostructured Materials and Coatings Applications
• Table 8 NANOSTRUCTURED MATERIALS AND COATINGS LAUNCH-PHASE APPLICATIONS,2003
  • Organic Light-Emitting Diodes (OLEDs)
  • Thin-Film LCD Display Polarizer
  • Antimicrobial Dressings
  • Aerospace Materials
  • Thermal Insulation
  • Thermal Spray Coatings
  • Other Coatings
  • Paper-Quality Displays
  • Developmental Nanostructured Materials and Coatings Applications
• Table 9 NANOSTRUCTURED MATERIAL DEVELOPMENTAL APPLICATIONS, 2003
  • Medical Implants
  • Drug Delivery
  • Electrochemical Devices
  • Electrochromic Windows
  • Other Applications
  • Nanocomposites
  • Established Nanocomposite Applications
• Table 10 COMMERCIAL NANOCOMPOSITE APPLICATIONS, 2003
  • Packaging
  • Automotive Parts
  • Automotive Parts (Continued)
  • Launch-Phase Nanocomposite Applications
• Table 11 LAUNCH-PHASE NANOCOMPOSITE APPLICATIONS, 2003
  • Air Pressure Barrier Coatings
  • Marine Coatings
  • AntiStick Coatings
  • Ski Wax
  • Developmental Nanocomposites
• Table 12 DEVELOPMENTAL NANOCOMPOSITE APPLICATIONS, 2003
  • Photovoltaic Cells
  • Medical Devices
  • Automotive Coatings
  • Other Applications
  • NANOTOOLS
• Table 13 MAJOR TYPES OF NANOTOOLS
• Table 13 (CONTINUED)
  • Nanolithographic Tools
  • Developmental Nanolithographic Applications
  • Semiconductor Fabrication
• Table 14 NEXT-GENERATION NANOLITHOGRAPHY TECHNOLOGIES
  • Immersion Nanolithography
  • Extreme Ultraviolet Nanolithography
  • X-Ray Nanolithography
  • Electron Beam Nanolithography
  • Nanoimprint Lithography
  • Fabrication of Nanoarrays and Other Nanostructures
  • Inkjet-Printed Nanoparticle MEMS
  • Nanomanipulators
  • Nanomanipulators (Continued)
  • Commercial Nanomanipulator Applications
  • Photomask Repair
  • Developmental Nanomanipulator Applications
  • Nanoassemblers
  • Developmental Nanoassembler Applications
  • Hybrid Nanotools
  • NANODEVICES
    • Developmental Nanodevice Applications
• Table 15 DEVELOPMENTAL NANODEVICE APPLICATIONS, 2003
  • Nanosensors
  • Medical Nanodevices
  • Heat Therapy
  • Medical Detection and Imaging
  • Nanoelectronics
  • Silicon Nanocrystals
  • MRAM

PATENT ANALYSIS

• PATENTS BY TYPE OF NANOTECHNOLOGY
• Table 16 U.S. NANOTECHNOLOGY PATENTS ISSUED, THROUGH SEPTEMBER 2003
• Figure 1 PERCENT (%) OF U.S. NANOTECHNOLOGY PATENTS BY TYPE OF TECHNOLOGY,SEPTEMBER 2003 (%)
  • TOTAL PATENT TRENDS OVER TIME
• Figure 2 ANNUAL YEARLY TRENDS IN TOTAL U.S. NANOTECHNOLOGY PATENTS,1998-2003
  • PATENT TRENDS BY TECHNOLOGY TYPE OVER TIME
• Table 17 TRENDS IN U.S. NANOTECHNOLOGY PATENTS BY TECHNOLOGY TYPE, THROUGH2003
• Figure 3 ANNUAL TRENDS IN U.S. NANOTECHNOLOGY PATENTS BY TECHNOLOGY TYPE,1998-2003* (NUMBER OF PATENTS ISSUED EACH YEAR)
  • NANOTECHNOLOGY PATENT HOLDERS
    • LARGEST PATENT HOLDERS
• Table 18 TOP U.S. NANOTECHNOLOGY PATENT HOLDERS, AS OF 2002
• Figure 4 TOP U.S. NANOTECHNOLOGY PATENT HOLDERS, 2002 (NUMBER OF PATENTSBY COMPANY)
  • NATIONALITY OF PATENT HOLDERS
• Table 19 NANOTECHNOLOGY U.S. PATENT HOLDERS BY COUNTRY OF ORIGIN
• Figure 5 NATIONALITY OF NANOTECHNOLOGY PATENT HOLDERS (PERCENT OF TOTALU.S. NANOTECHNOLOGY PATENTS)

GLOBAL MARKET FOR NANOTECHNOLOGY PRODUCTS

• TOTAL MARKET SIZE
• Table 20 GLOBAL MARKETS FOR NANOTECHNOLOGY PRODUCTS, THROUGH 2008 ($MILLIONS)
• Figure 6 GLOBAL MARKETS FOR NANOTECHNOLOGY PRODUCTS, 2002-2008 ($MILLIONS)
  • COMPARISON WITH OTHER NANOTECHNOLOGY MARKET ESTIMATES
    • Other BCC Nanotechnology Studies
    • Other BCC Nanotechnology Studies (Continued)
• Figure 7 STUDY MARKET APPLICATIONS COVERAGE IN BCC REPORTS, 2002 AND 2008(PERCENT OF TOTAL PROJECTED MARKET)
• Table 21 MARKET FOR MAIN NANOTECHNOLOGY PRODUCTS NOT COVERED IN OTHER BCCSTUDIES, 2002 AND 2008 ($ BILLIONS)
  • PROJECTED NANOTECHNOLOGY GROWTH RATES COMPARED WITH OTHER SECTORS
• Figure 8 PROJECTED NANOTECHNOLOGY GROWTH RATE COMPARED WITH GROWTH OFOTHER ENABLING TECHNOLOGIES (PROJECTED AAGR%)
  • NANOTECHNOLOGY MARKET BY TYPE OF TECHNOLOGY, 2000-2008
• Figure 9 GLOBAL NANOTECHNOLOGY MARKET SHARES, 2002 AND 2008
• Table 22 GLOBAL NANOTECHNOLOGY MARKET BY TYPE, THROUGH 2008 ($ MILLIONS)
  • NANOMATERIALS
    • Total Market
• Figure 10 GLOBAL NANOMATERIALS MARKET, 2002 (PERCENT OF TOTAL NANOMATERIALSALES)
• Table 23 GLOBAL NANOMATERIALS SALES BY TYPE, THROUGH 2008 ($ MILLIONS)
  • Nanomaterials Sales By Application
  • Nanoparticles
• Table 24 PROJECTED NANOPARTICLE MARKET BY CURRENT STAGE OFCOMMERCIALIZATION, THROUGH 2008 ($ MILLIONS)
• Figure 11 MARKET FOR ESTABLISHED VS. LAUNCH-PHASE VS. DEVELOPMENTAL PHASENANOPARTICLE APPLICATIONS, 2002 AND 2008
  • Established Commercial Nanoparticle Applications
• Table 25 MARKET FOR ESTABLISHED COMMERCIAL NANOPARTICLE APPLICATIONS,THROUGH 2008 ($ MILLIONS)
  • Tire and Other Rubber Goods Manufacturing
  • Catalytic Converters
• Table 26 MARKET FOR NANOPARTICLES USED IN FABRICATING CATALYTICCONVERTERS, THROUGH 2008 ($ MILLIONS)
• Table 27 CATALYTIC CONVERTER DEMAND FOR PRECIOUS METAL NANOPARTICLES, 2002($ MILLIONS)
• Table 28 CATALYTIC CONVERTER MARKET FOR NEW PRECIOUS METAL NANOSIZEPARTICLES, THROUGH 2008 ($ MILLIONS)
  • Photographic Supplies
• Table 29 MARKET FOR NANOPARTICLES USED IN PHOTOGRAPHY, THROUGH 2008 ($MILLIONS)
  • Inks and Pigments
• Table 30 MARKETS FOR NANOSCALE PIGMENTS, THROUGH 2008 ($ MILLIONS)
  • Coatings and Adhesives
  • Ultrafine Polishing Compounds
• Table 31 TRENDS IN SEMICONDUCTOR OUTPUT VS. USE OF ULTRAFINE POLISHINGCOMPOUNDS ($ BILLIONS)
  • UV Absorbers
• Table 32 MARKET FOR TiO2 AND ZnO NANOPARTICLES USED IN SUNSCREEN PRODUCTS,THROUGH 2008 ($ MILLIONS)
  • Synthetic Bone and Tooth Enamel
• Table 33 PROJECTED MARKET FOR NANOPARTICLE-BASED SYNTHETIC BONE AND TOOTHENAMEL, THROUGH 2008 ($ MILLIONS)
  • Ferrofluids
• Table 34 PROJECTED MARKET FOR NANOPARTICLES USED IN FERROFLUIDS, THROUGH2008 ($ MILLIONS)
  • Fiber-Optic Cladding
• Table 35 PROJECTED MARKET FOR NANOPARTICLES, THROUGH 2008 ($ MILLIONS)
  • Launch-Phase Nanoparticle Applications
• Table 36 MARKET FOR LAUNCH-PHASE COMMERCIAL NANOPARTICLE APPLICATIONS,THROUGH 2008 ($ MILLIONS)
  • Surface Disinfectants
  • Antioxidant Nutraceuticals and Prescription Drugs
  • Other Launch-Phase Applications
• Table 37 PROJECTED SALES OF OTHER LAUNCH-PHASE NANOPARTICLE APPLICATIONS,THROUGH 2008 ($ MILLIONS)
  • Developmental Nanoparticle Applications
• Table 38 MARKET FOR NANOPARTICLE APPLICATIONS EXPECTED TO BECOMMERCIALIZED, THROUGH 2008 ($ MILLIONS)
  • Advanced Batteries
  • Nanotubes
• Table 39 PROJECTED NANOTUBE MARKET, THROUGH 2008 ($ MILLIONS)
  • Established Commercial Nanotube Applications
• Table 40 MARKET FOR ESTABLISHED COMMERCIAL NANOTUBE APPLICATIONS, THROUGH2008 ($ MILLIONS)
  • Launch-Phase Applications
• Table 41 MARKET FOR LAUNCH-PHASE FIELD EMISSION NANOTUBE APPLICATIONS,THROUGH 2008 ($ MILLIONS)
  • Nanotube FED X-Ray Devices
  • Nanotube FED Displays
  • Developmental Nanotube Applications
• Table 42 MARKET FOR DEVELOPMENTAL-PHASE NANOTUBE APPLICATIONS, THROUGH2008 ($ MILLIONS)
  • Semiconductor Components
  • Batteries and Fuel Cells
  • Nanostructured Materials and Coatings
• Table 43 PROJECTED NANOSTRUCTURED MATERIALS AND COATINGS MARKET, THROUGH2008 ($ MILLIONS)
  • Established Nanostructured Materials and Coatings Applications
• Table 44 MARKET FOR ESTABLISHED NANOSTRUCTURED MATERIALS, THROUGH 2008 ($MILLIONS)
  • Catalysts
  • Filtration and Separation
• Table 45 MARKET FOR NANOSTRUCTURED FILTRATION/SEPARATION MATERIALS,THROUGH 2008 ($ MILLIONS)
  • Semiconductor Dielectric Films and Materials
  • Optical Coatings
  • Magnetic Storage Media Coatings
• Table 46 CONSUMPTION OF MAGNETIC STORAGE MEDIA COATINGS, THROUGH 2008 ($MILLIONS)
• Table 47 CONSUMPTION OF NANOSCALE COATINGS IN HARD DISK MANUFACTURING,THROUGH 2008 ($ MILLIONS)
  • Electroconductive coatings
  • Launch-Phase Nanostructured Materials and Coatings Applications
• Table 48 MARKET FOR LAUNCH-PHASE NANOSTRUCTURED MATERIALS, THROUGH 2008 ($MILLIONS)
  • Organic Light-Emitting Diodes
  • Thin-Film LCD Polarizer Displays
  • Antimicrobial Dressings
  • Thermal Spray Powders
  • Thermal Insulation
  • Nonscratch/Nonstick Coatings
  • Paper-Quality Displays
  • Developmental Nanostructured Materials and Coatings Applications
• Table 49 MARKET FOR DEVELOPMENTAL NANOSTRUCTURED MATERIALS AND COATINGSAPPLICATIONS, THROUGH 2008 ($ MILLIONS)
  • Medical Implants
  • Electrochemical Devices
• Table 50 MARKET FOR NANOSTRUCTURED MATERIALS IN ELECTROCHEMICAL DEVICES,THROUGH 2008 ($ MILLIONS)
  • Nanocomposites
• Table 51 PROJECTED NANOCOMPOSITES MARKET, THROUGH 2008 ($ MILLIONS)
  • Established Nanocomposite Applications
• Table 52 MARKET FOR ESTABLISHED NANOCOMPOSITES, THROUGH 2008 ($ MILLIONS)
  • Food Packaging
  • Automotive Components
  • Launch-Phase Nanocomposite Coatings
• Table 53 MARKET FOR LAUNCH-PHASE NANOCOMPOSITE APPLICATIONS, THROUGH 2008($ MILLIONS)
  • Air Pressure Barrier Coatings
• Table 54 MARKET FOR AIR PRESSURE BARRIER COATINGS, THROUGH 2008 ($MILLIONS)
  • Other Nanocomposite Coatings
  • Developmental Nanocomposite Coatings
• Table 55 MARKET FOR DEVELOPMENTAL NANOCOMPOSITE APPLICATIONS, THROUGH 2008($ MILLIONS)
  • Photovoltaic Cells
  • Medical Devices
  • Projected Nanomaterials Sales by Type of Material
• Table 56 NANOMATERIALS SALES BY TYPE OF MATERIAL, THROUGH 2008 ($MILLIONS)
• Figure 12 NANOMATERIAL MARKET SHARES BY TYPE OF MATERIAL, 2002 AND 2008
  • NANOTOOLS
• Table 57 GLOBAL NANOTOOLS SALES, THROUGH 2008 ($ MILLIONS)
  • Nanolithography Tools
  • Semiconductor Nanolithography Tools
  • Nanomanipulators
• Table 58 PROJECTED NANOMANIPULATOR MARKET, THROUGH 2008 ($ MILLIONS)
  • Established Commercial Nanomanipulator Applications
  • Scanning Probe Microscopes
  • Launch-Phase Nanomanipulator Applications
  • Nanomachining
  • NANODEVICES
    • Developmental Nanodevice Applications
• Table 59 MARKET FOR DEVELOPMENTAL NANODEVICE APPLICATIONS, THROUGH 2008 ($MILLIONS)
  • Chemical and Biological Sensors
  • Drug-Delivery Systems
  • Medical Detection and Imaging
  • Nanoelectronic Memory Devices
  • ESTABLISHED VS. EMERGING APPLICATIONS
• Figure 13 SOURCES OF NANOMARKET GROWTH, 2002-2008 ($ MILLIONS)
• Table 60 PROJECTED GROWTH OF ESTABLISHED VS. LAUNCH-PHASE ANDDEVELOPMENTAL NANOAPPLICATIONS, THROUGH 2008 ($ MILLIONS)

• ECONOMIC TRENDS
• Figure 14 ANNUAL GROWTH RATE PERCENT OF WORLD GDP, 2002-2008 (%)
• Figure 14 (CONTINUED)
  • ATTITUDE OF VENTURE CAPITALISTS
  • ENVIRONMENTAL/HEALTH/SAFETY AND OTHER IMPACTS OF NANOMATERIALS
    • ENVIRONMENTAL/HEALTH/SAFETY AND...(CONTINUED)
  • POLITICAL/LEGAL/REGULATORY TRENDS
    • GOVERNMENT-FUNDED NANOTECHNOLOGY INITIATIVES
• Table 61 NANOTECHNOLOGY SPENDING BY COUNTRY, 2002 ($ MILLIONS)
• Figure 15 GOVERNMENT NANOTECHNOLOGY R&D INVESTMENTS, 2002 (PERCENT (%)OF TOTAL WORLDWIDE INVESTMENTS)
  • United States
• Figure 16 U.S. NATIONAL NANOTECHNOLOGY INITIATIVE FUNDING, FISCAL YEARS2001-2004 ($ MILLIONS)
• Table 62 FISCAL-YEAR 2004 NATIONAL NANOTECHNOLOGY INITIATIVE FUNDINGREQUESTED, BY AGENCY ($ MILLIONS)
• Figure 17 FISCAL-YEAR 2004 NATIONAL NANOTECHNOLOGY INITIATIVE FUNDINGREQUESTED, BY AGENCY (PERCENT (%) OF TOTAL FUNDING REQUEST)
  • European Union
  • Japan
  • Other Countries
  • LAWS AND REGULATIONS
  • LONG-TERM MARKET PROSPECTS

• NUMBER AND SIZE OF FIRMS
  • SIZE DISTRIBUTION OF FIRMS
• Table 63 SIZE DISTRIBUTION OF NANOTECH COMPANIES, 2002
• Figure 18 SIZE DISTRIBUTION PERCENT OF NANOTECH COMPANIES, 2002 (%)
  • PRODUCT SPECIALIZATION
• Table 64 NANOTECH COMPANIES BY PRODUCT SPECIALIZATION, 2002
• Figure 19 NANOTECH COMPANIES, PERCENT BY PRODUCT SPECIALIZATION, 2002 (%)
  • NATIONALITY
• Figure 20 GEOGRAPHICAL DISTRIBUTION OF NANOTECH COMPANIES, 2002
  • FINANCIAL PERFORMANCE
    • SALES
• Table 65 SELECTED NANOTECHNOLOGY COMPANIES' REVENUE PERFORMANCE, 2000-2002($ MILLIONS)
  • PROFITABILITY
• Table 66 SELECTED NANOTECHNOLOGY COMPANIES' PROFITABILITY PERFORMANCE,2000-2002 ($ MILLIONS AND PERCENT (%) OF TOTAL REVENUES)
  • MARKET SHARES
    • NANOMATERIALS
      • Nanoparticles
• Table 67 NANOPARTICLE MARKET REVENUES AND SHARE BY COMPANY, 2002 ($MILLIONS, %)
• Figure 21 NANOPARTICLE MARKET SHARES, 2002 (PERCENT OF TOTAL SALES BY SIZEOF FIRM)
  • Nanotubes
• Table 68 MAJOR NANOTUBE PRODUCERS' PRODUCTION CAPACITIES, 2002
• Figure 22 MAJOR NANOTUBE PRODUCERS' PRODUCTION CAPACITIES, 2002 (PERCENTOF TOTAL CAPACITY)
  • Nanostructured Materials
• Table 69 NANOSTRUCTURED MATERIAL MARKET VALUES AND SHARE, BY COMPANY, 2002($ MILLIONS, %)
• Figure 23 NANOSTRUCTURED MATERIAL MARKET SHARES, 2002 (PERCENT OF TOTALSALES)
  • Nanocomposites
• Table 70 NANOCOMPOSITE MARKET VALUES AND SHARE, LARGE VS. SMALL COMPANIES,2002 ($ MILLIONS, %)
• Figure 24 NANOCOMPOSITE MARKET SHARES, 2002 (PERCENT OF TOTAL SALES)
  • NANOTOOLS
    • Nanolithographic Tools
• Table 71 COMPANY NANOLITHOGRAPHY MARKET VALUES AND SHARE, 2002 ($MILLIONS, %)
• Figure 25 NANOLITHOGRAPHY MARKET SHARES, 2002 (PERCENT OF TOTAL SALES)
  • Nanomanipulators
• Table 72 COMPANY NANOMANIPULATOR MARKET VALUES AND SHARE, 2002 ($MILLIONS, %)
• Figure 26 NANOMANIPULATOR MARKET SHARES, 2002 (PERCENT (%) OF TOTAL SALES)
  • OWNERSHIP
    • OWNERSHIP (CONTINUED)

COMPANY PROFILES

• ALTAIR NANOTECHNOLOGIES, INC.
• Table 73 ALTAIR NANOTECHNOLOGIES, INC. FINANCIAL PERFORMANCE, 1998-2002 ($MILLIONS)
  • ANGSTROM MEDICA, INC.
  • APHIOS CORP.
  • APPLIED NANOTECH, INC.
  • ARGONIDE CORP.
  • ASPEN AEROGELS, INC.
  • BASELL POLYOLEFINS CO., NV
  • BASF AG
  • BAYER AG
  • C SIXTY, INC.
  • CABOT CORP.
  • CAPSULUTION NANOSCIENCE AG
  • CARBOLEX, INC.
  • CARBON NANOTECHNOLOGIES, INC.
  • CATALYTIC SOLUTIONS, INC.
  • CARBON NANOTECH RESEARCH INSTITUTE, INC.
  • CATALYTIC MATERIALS, LLC
  • COVION ORGANIC SEMICONDUCTORS GMBH
  • DEGUSSA ADVANCED NANOMATERIALS
  • DONALDSON CO., INC.
  • DOW CHEMICAL CO.
  • E. I. DUPONT DE NEMOURS AND COMPANY
  • EASTMAN KODAK CO.
  • EMERGENCY FILTRATION PRODUCTS
  • ENER1, INC.
  • ENVIROSYSTEMS, INC.
  • ESPIN TECHNOLOGIES, INC.
  • EV GROUP
  • EVIDENT TECHNOLOGIES
  • FLAMEL TECHNOLOGIES SA
  • FRONTIER CARBON CORP.
  • GENERAL NANOTECHNOLOGY, INC.
  • HEWLETT-PACKARD
  • HYPERION CATALYSIS INTERNATIONAL, INC.
  • HYPER-THERM HIGH TEMPERATURE COMPOSITES, INC.
  • IBM CORP.
  • INFRAMAT CORP.
  • INNOVATION ON DEMAND, INC.
  • INMAT, LLC
  • JMAR TECHNOLOGIES, INC.
  • KLEINDIEK NANOTECHNIK
  • KLOCKE NANOTECHNIK
  • KONARKA TECHNOLOGIES, INC.
  • MACH 1, INC.
  • MICROCOSM, INC.
  • MOLECULAR IMPRINTS, INC.
  • MOLECULAR NANOSYSTEMS, INC.
  • NANOCARBLAB
  • NANOCOR, INC.
  • NANOCYL, SA
  • NANODEVICES, INC.
  • NANOFEEL
  • NANOFILM
  • NANOGATE TECHNOLOGIES, GMBH
  • NANOGRAM CORP.
  • NANOINK, INC.
  • NANOINK, INC. (CONTINUED)
  • NANOKINETIX
  • NANOLAB, INC.
  • NANOLEDGE
  • NANOMAGNETICS, LTD.
  • NANOMIX, INC.
  • NANONEX
  • NANOPHASE TECHNOLOGIES CORP.
• Table 74 NANOPHASE TECHNOLOGIES CORP. FINANCIAL PEROFORMANCE, 1998-2002 ($MILLIONS)
  • NANOPORE, INC.
  • NANOPOWDER ENTERPRISES CORP.
  • NANOPOWDERS INDUSTRIES, LTD.
  • NANOPRODUCTS CORP.
  • NANOSCALE MATERIALS, INC.
  • NANOSTRUCTURED & AMORPHOUS MATERIALS, INC.
  • NANOSYS, INC.
  • NANOSOLAR, INC.
  • NANOSPECTRA BIOSCIENCES, INC.
  • NANOTECHNOLOGIES, INC.
  • NANO-TEX, LLC
  • NANOTITAN, INC.
  • NANTERO, INC.
  • NOVA SCIENTIFIC, INC.
  • NOVAVAX, INC.
  • NPOINT, INC.
  • NTERA, LTD.
  • NUCRYST PHARMACEUTICALS
  • NVE CORP.
• Table 75 NVE CORP. FINANCIAL PERFORMANCE, 2000-2002 ($ MILLIONS)
  • OBDUCAT AB
  • OPTIVA, INC.
  • ORTHOVITA, INC.
• Table 76 ORTHOVITA, INC. FINANCIAL PERFORMANCE, 1998-2002 ($ MILLIONS)
  • OXONICA, LTD.
  • PACIFIC NANOTECHNOLOGY, INC.
  • PSIMEDICA, LTD.
  • QUANTUM DOT CORP.
  • RAVE, LLC
  • ROSSETER HOLDINGS, LTD.
  • ROYAL BODY CARE, INC.
  • RTP CO.
  • SHENZHEN NANOTECH CO.
  • SOUTHERN CLAY PRODUCTS, INC.
  • SOUTHWEST NANOTECHNOLOGIES, INC.
  • SPIRE CORP.
  • 3DTECH, INC.
  • TECHNANOGY, INC.
  • UBE INDUSTRIES, LTD.
  • UNITIKA, LTD.
  • VEECO INSTRUMENTS, INC.
  • XEROX CORP.
  • ZETTACORE
  • ZYVEX CORP.

APPENDIX

• ENDNOTES

LIST OF TABLES

SUMMARY TABLE:
GLOBAL NANOTECHNOLOGY MARKET, THROUGH 2008 ($ MILLIONS)

Table 1 MAJOR CATEGORIES OF NANOMATERIALS

Table 2 ESTABLISHED COMMERCIAL NANOPARTICLE APPLICATIONS, 2003

Table 3 LAUNCH-PHASE NANOPARTICLE APPLICATIONS, 2003

Table 4 DEVELOPMENTAL NANOPARTICLE APPLICATIONS, 2003

Table 5 COMMERCIAL NANOTUBE APPLICATIONS, 2003

Table 6 DEVELOPMENTAL NANOTUBE APPLICATIONS, 2003

Table 7 NANOSTRUCTURED MATERIAL, ESTABLISHED APPLICATIONS, 2003

Table 8 NANOSTRUCTURED MATERIALS AND COATINGS LAUNCH-PHASE APPLICATIONS,2003

Table 9 NANOSTRUCTURED MATERIAL DEVELOPMENTAL APPLICATIONS, 2003

Table 10 COMMERCIAL NANOCOMPOSITE APPLICATIONS, 2003

Table 11 LAUNCH-PHASE NANOCOMPOSITE APPLICATIONS, 2003

Table 12 DEVELOPMENTAL NANOCOMPOSITE APPLICATIONS, 2003

Table 13 MAJOR TYPES OF NANOTOOLS

Table 14 NEXT-GENERATION NANOLITHOGRAPHY TECHNOLOGIES

Table 15 DEVELOPMENTAL NANODEVICE APPLICATIONS, 2003

Table 16 U.S. NANOTECHNOLOGY PATENTS ISSUED, THROUGH SEPTEMBER 2003

Table 17 TRENDS IN U.S. NANOTECHNOLOGY PATENTS BY TECHNOLOGY TYPE, THROUGH2003

Table 18 TOP U.S. NANOTECHNOLOGY PATENT HOLDERS, AS OF 2002

Table 19 NANOTECHNOLOGY U.S. PATENT HOLDERS BY COUNTRY OF ORIGIN

Table 20 GLOBAL MARKETS FOR NANOTECHNOLOGY PRODUCTS, THROUGH 2008 ($MILLIONS)

Table 21 MARKET FOR MAIN NANOTECHNOLOGY PRODUCTS NOT COVERED IN OTHER BCCSTUDIES, 2002 AND 2008 ($ BILLIONS)

Table 22 GLOBAL NANOTECHNOLOGY MARKET BY TYPE, THROUGH 2008 ($ MILLIONS)

Table 23 GLOBAL NANOMATERIALS SALES BY TYPE, THROUGH 2008 ($ MILLIONS)

Table 24 PROJECTED NANOPARTICLE MARKET BY CURRENT STAGE OFCOMMERCIALIZATION, THROUGH 2008 ($ MILLIONS)

Table 25 MARKET FOR ESTABLISHED COMMERCIAL NANOPARTICLE APPLICATIONS,THROUGH 2008 ($ MILLIONS)

Table 26 MARKET FOR NANOPARTICLES USED IN FABRICATING CATALYTICCONVERTERS, THROUGH 2008 ($ MILLIONS)

Table 27 CATALYTIC CONVERTER DEMAND FOR PRECIOUS METAL NANOPARTICLES, 2002($ MILLIONS)

Table 28 CATALYTIC CONVERTER MARKET FOR NEW PRECIOUS METAL NANOSIZEPARTICLES, THROUGH 2008 ($ MILLIONS)

Table 29 MARKET FOR NANOPARTICLES USED IN PHOTOGRAPHY, THROUGH 2008 ($MILLIONS)

Table 30 MARKETS FOR NANOSCALE PIGMENTS, THROUGH 2008 ($ MILLIONS)

Table 31 TRENDS IN SEMICONDUCTOR OUTPUT VS. USE OF ULTRAFINE POLISHINGCOMPOUNDS ($ BILLIONS)

Table 32 MARKET FOR TiO2 AND ZnO NANOPARTICLES USED IN SUNSCREEN PRODUCTS,THROUGH 2008 ($ MILLIONS)

Table 33 PROJECTED MARKET FOR NANOPARTICLE-BASED SYNTHETIC BONE AND TOOTHENAMEL, THROUGH 2008 ($ MILLIONS)

Table 34 PROJECTED MARKET FOR NANOPARTICLES USED IN FERROFLUIDS, THROUGH2008 ($ MILLIONS)

Table 35 PROJECTED MARKET FOR NANOPARTICLES, THROUGH 2008 ($ MILLIONS)

Table 36 MARKET FOR LAUNCH-PHASE COMMERCIAL NANOPARTICLE APPLICATIONS,THROUGH 2008 ($ MILLIONS)

Table 37 PROJECTED SALES OF OTHER LAUNCH-PHASE NANOPARTICLE APPLICATIONS,THROUGH 2008 ($ MILLIONS)

Table 38 MARKET FOR NANOPARTICLE APPLICATIONS EXPECTED TO BECOMMERCIALIZED, THROUGH 2008 ($ MILLIONS)

Table 39 PROJECTED NANOTUBE MARKET, THROUGH 2008 ($ MILLIONS)

Table 40 MARKET FOR ESTABLISHED COMMERCIAL NANOTUBE APPLICATIONS, THROUGH2008 ($ MILLIONS)

Table 41 MARKET FOR LAUNCH-PHASE FIELD EMISSION NANOTUBE APPLICATIONS,THROUGH 2008 ($ MILLIONS)

Table 42 MARKET FOR DEVELOPMENTAL-PHASE NANOTUBE APPLICATIONS, THROUGH2008 ($ MILLIONS)

Table 43 PROJECTED NANOSTRUCTURED MATERIALS AND COATINGS MARKET, THROUGH2008 ($ MILLIONS)

Table 44 MARKET FOR ESTABLISHED NANOSTRUCTURED MATERIALS, THROUGH 2008 ($MILLIONS)

Table 45 MARKET FOR NANOSTRUCTURED FILTRATION/SEPARATION MATERIALS,THROUGH 2008 ($ MILLIONS)

Table 46 CONSUMPTION OF MAGNETIC STORAGE MEDIA COATINGS, THROUGH 2008 ($MILLIONS)

Table 47 CONSUMPTION OF NANOSCALE COATINGS IN HARD DISK MANUFACTURING,THROUGH 2008 ($ MILLIONS)

Table 48 MARKET FOR LAUNCH-PHASE NANOSTRUCTURED MATERIALS, THROUGH 2008 ($MILLIONS)

Table 49 MARKET FOR DEVELOPMENTAL NANOSTRUCTURED MATERIALS AND COATINGSAPPLICATIONS, THROUGH 2008 ($ MILLIONS)

Table 50 MARKET FOR NANOSTRUCTURED MATERIALS IN ELECTROCHEMICAL DEVICES,THROUGH 2008 ($ MILLIONS)

Table 51 PROJECTED NANOCOMPOSITES MARKET, THROUGH 2008 ($ MILLIONS)

Table 52 MARKET FOR ESTABLISHED NANOCOMPOSITES, THROUGH 2008 ($ MILLIONS)

Table 53 MARKET FOR LAUNCH-PHASE NANOCOMPOSITE APPLICATIONS, THROUGH 2008($ MILLIONS)

Table 54 MARKET FOR AIR PRESSURE BARRIER COATINGS, THROUGH 2008 ($MILLIONS)

Table 55 MARKET FOR DEVELOPMENTAL NANOCOMPOSITE APPLICATIONS, THROUGH 2008($ MILLIONS)

Table 56 NANOMATERIALS SALES BY TYPE OF MATERIAL, THROUGH 2008 ($MILLIONS)

Table 57 GLOBAL NANOTOOLS SALES, THROUGH 2008 ($ MILLIONS)

Table 58 PROJECTED NANOMANIPULATOR MARKET, THROUGH 2008 ($ MILLIONS)

Table 59 MARKET FOR DEVELOPMENTAL NANODEVICE APPLICATIONS, THROUGH 2008 ($MILLIONS)

Table 60 PROJECTED GROWTH OF ESTABLISHED VS. LAUNCH-PHASE ANDDEVELOPMENTAL NANOAPPLICATIONS, THROUGH 2008 ($ MILLIONS)

Table 61 NANOTECHNOLOGY SPENDING BY COUNTRY, 2002 ($ MILLIONS)

Table 62 FISCAL-YEAR 2004 NATIONAL NANOTECHNOLOGY INITIATIVE FUNDINGREQUESTED, BY AGENCY ($ MILLIONS)

Table 63 SIZE DISTRIBUTION OF NANOTECH COMPANIES, 2002

Table 64 NANOTECH COMPANIES BY PRODUCT SPECIALIZATION, 2002

Table 65 SELECTED NANOTECHNOLOGY COMPANIES' REVENUE PERFORMANCE, 2000-2002($ MILLIONS)

Table 66 SELECTED NANOTECHNOLOGY COMPANIES' PROFITABILITY PERFORMANCE,2000-2002 ($ MILLIONS AND PERCENT (%) OF TOTAL REVENUES)

Table 67 NANOPARTICLE MARKET REVENUES AND SHARE BY COMPANY, 2002 ($MILLIONS, %)

Table 68 MAJOR NANOTUBE PRODUCERS' PRODUCTION CAPACITIES, 2002

Table 69 NANOSTRUCTURED MATERIAL MARKET VALUES AND SHARE, BY COMPANY, 2002($ MILLIONS, %)

Table 70 NANOCOMPOSITE MARKET VALUES AND SHARE, LARGE VS. SMALL COMPANIES,2002 ($ MILLIONS, %)

Table 71 COMPANY NANOLITHOGRAPHY MARKET VALUES AND SHARE, 2002 ($MILLIONS, %)

Table 72 COMPANY NANOMANIPULATOR MARKET VALUES AND SHARE, 2002 ($MILLIONS, %)

Table 73 ALTAIR NANOTECHNOLOGIES, INC. FINANCIAL PERFORMANCE, 1998-2002 ($MILLIONS)

Table 74 NANOPHASE TECHNOLOGIES CORP. FINANCIAL PEROFORMANCE, 1998-2002 ($MILLIONS)

Table 75 NVE CORP. FINANCIAL PERFORMANCE, 2000-2002 ($ MILLIONS)

Table 76 ORTHOVITA, INC. FINANCIAL PERFORMANCE, 1998-2002 ($ MILLIONS) 

LIST OF FIGURES

SUMMARY FIGURE:
GLOBAL NANOTECHNOLOGY MARKET, 2002-2008 ($ MILLIONS)

Figure 1 PERCENT (%) OF U.S. NANOTECHNOLOGY PATENTS BY TYPE OF TECHNOLOGY,SEPTEMBER 2003 (%)

Figure 2 ANNUAL YEARLY TRENDS IN TOTAL U.S. NANOTECHNOLOGY PATENTS,1998-2003

Figure 3 ANNUAL TRENDS IN U.S. NANOTECHNOLOGY PATENTS BY TECHNOLOGY TYPE,1998-2003* (NUMBER OF PATENTS ISSUED EACH YEAR)

Figure 4 TOP U.S. NANOTECHNOLOGY PATENT HOLDERS, 2002 (NUMBER OF PATENTSBY COMPANY)

Figure 5 NATIONALITY OF NANOTECHNOLOGY PATENT HOLDERS (PERCENT OF TOTALU.S. NANOTECHNOLOGY PATENTS)

Figure 6 GLOBAL MARKETS FOR NANOTECHNOLOGY PRODUCTS, 2002-2008 ($MILLIONS)

Figure 7 STUDY MARKET APPLICATIONS COVERAGE IN BCC REPORTS, 2002 AND 2008(PERCENT OF TOTAL PROJECTED MARKET)

Figure 8 PROJECTED NANOTECHNOLOGY GROWTH RATE COMPARED WITH GROWTH OFOTHER ENABLING TECHNOLOGIES (PROJECTED AAGR%)

Figure 9 GLOBAL NANOTECHNOLOGY MARKET SHARES, 2002 AND 2008

Figure 10 GLOBAL NANOMATERIALS MARKET, 2002 (PERCENT OF TOTAL NANOMATERIALSALES)

Figure 11 MARKET FOR ESTABLISHED VS. LAUNCH-PHASE VS. DEVELOPMENTAL PHASENANOPARTICLE APPLICATIONS, 2002 AND 2008

Figure 12 NANOMATERIAL MARKET SHARES BY TYPE OF MATERIAL, 2002 AND 2008

Figure 13 SOURCES OF NANOMARKET GROWTH, 2002-2008 ($ MILLIONS)

Figure 14 ANNUAL GROWTH RATE PERCENT OF WORLD GDP, 2002-2008 (%)

Figure 15 GOVERNMENT NANOTECHNOLOGY R&D INVESTMENTS, 2002 (PERCENT (%)OF TOTAL WORLDWIDE INVESTMENTS)

Figure 16 U.S. NATIONAL NANOTECHNOLOGY INITIATIVE FUNDING, FISCAL YEARS2001-2004 ($ MILLIONS)

Figure 17 FISCAL-YEAR 2004 NATIONAL NANOTECHNOLOGY INITIATIVE FUNDINGREQUESTED, BY AGENCY (PERCENT (%) OF TOTAL FUNDING REQUEST)

Figure 18 SIZE DISTRIBUTION PERCENT OF NANOTECH COMPANIES, 2002 (%)

Figure 19 NANOTECH COMPANIES, PERCENT BY PRODUCT SPECIALIZATION, 2002 (%)

Figure 20 GEOGRAPHICAL DISTRIBUTION OF NANOTECH COMPANIES, 2002

Figure 21 NANOPARTICLE MARKET SHARES, 2002 (PERCENT OF TOTAL SALES BY SIZEOF FIRM)

Figure 22 MAJOR NANOTUBE PRODUCERS' PRODUCTION CAPACITIES, 2002 (PERCENTOF TOTAL CAPACITY)

Figure 23 NANOSTRUCTURED MATERIAL MARKET SHARES, 2002 (PERCENT OF TOTALSALES)

Figure 24 NANOCOMPOSITE MARKET SHARES, 2002 (PERCENT OF TOTAL SALES)

Figure 25 NANOLITHOGRAPHY MARKET SHARES, 2002 (PERCENT OF TOTAL SALES)

Figure 26 NANOMANIPULATOR MARKET SHARES, 2002 (PERCENT (%) OF TOTAL SALES)