A new report estimated the global market value for nanotechnology at $15.7 billion in 2010, a number expected to increase to nearly $27 billion in 2015, for a five-year compound annual growth rate (CAGR) of 11.1%.

According to “Nanotechnology: A Realistic Market Assessment,” a new report from BCC Research, the global market value for nanotechnology is an estimated $15.7 billion in 2010, but is expected to increase to nearly $27 billion in 2015, for a five-year compound annual growth rate (CAGR) of 11.1%.

The largest segment of the market, made up of nanomaterials, is expected to increase at a five-year CAGR of 14.7%, from nearly $10 billion in 2010 to nearly $19.6 billion in 2015. The second-largest segment, nanotools, is expected to reach a value of more than $6.8 billion in 2015. The market in 2010 is estimated at $5.8 million. Thus, the five-year CAGR is projected to be 3.3%.

The smallest segment of the market, nanodevices, will have the highest five-year CAGR at 45.9%. It is projected to increase from an estimated $35.4 million in 2010 to nearly $234 million in 2015.

The report covers nanomaterials (nanoparticles, nanotubes, nanostructured materials, and nanocomposites), nanotools (nanolithography tools and scanning probe microscopes), and nanodevices (nanosensors and nanoelectronics).

For more information, phone (866) 285-7215 or visitwww.bccresearch.com.