Degussa Predicts Profitable Nanotech Revenues and Reports Positive
"Nanotechnology is a key to new product properties, and therefore to new and profitable markets." With these words, Dr. Manfred Spindler, member of the management board of Degussa AG, opened the recent NanoTech Day at the specialty chemicals company in Hanau-Wolfgang, Germany.
Worldwide nanotechnology-based sales revenues in the year 2010 are conservatively estimated at EUR 220 billion. This corresponds to a doubling of revenues in the next five years, with materials accounting for a share of approximately EUR 62 billion in 2010. On the NanoTech Day, 120 scientists discussed the innovation potential of nanotechnology, which ranges from particles synthesis to polymeric formulations. "With the technology platforms developed over the past three years in our Functional Polymers Project House, we now have the technology for novel product properties also in the field of polymer materials," says Dr. Spindler.