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Introduction
In the ever-evolving landscape of investment opportunities, one
revolutionary frontier has captured the attention of savvy investors and
visionaries alike: nanotechnologies. Steve Jurvetson, founder of DFJ
and investor in SpaceX, Tesla, and Skype, proclaimed in the early
2000s that nanotechnologies would be “the next great tech wave.”
While the industry has not seen broad commercial adoption to date, we
stand at a potential tipping point as corporations and startups commit
substantial resources to bring solutions to the market at more feasible
unit economics.
Consider, for instance, gold nanospheres and gold nanorods. They are
both composed of gold atoms, but differ in their structure: gold
nanospheres are spherical in shape, while gold nanorods have an
elongated rod-like structure. Their shapes influence the way electrons
interact with light at the nanoscale, which leads to different optical
properties. Gold nanospheres predominantly absorb and scatter light in
the visible region, giving them a vibrant color, such as red or blue. On
the other hand, gold nanorods absorb and scatter light in the near-
infrared region. This unique property makes gold nanorods valuable in
various biomedical applications, such as cancer diagnosis and
photothermal therapy, a noninvasive treatment where near-infrared
light can penetrate deeper into biological tissues and thermally ablate
cancer cells.
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Figure 2: Scheme of the most common gold nanoparticle morphologies (Image Credit: MDPI)
Market Trends
From drug diagnostics and therapeutics to manufacturing and
sustainable agriculture, nanomaterials exhibit unique properties across
numerous industries (source). The market is driven by technological
advancements, rising government support, private sector R&D funding,
and strategic international alliances, and is fueled by increasing
demand for device miniaturization (source). The global
nanotechnologies market was valued at $111.25 billion in 2023 and is
projected to reach $288.71 billion by 2030, growing at a CAGR of
14.5% (source).
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Figure 5: Nanotechnology Market Size (Image credit: Precedence Research)
Alongside the USA and China, Brazil, and Germany are expected to
lead the nanotechnology industry in 2024. As awareness about the
field grows, funding for nanomaterials has seen a steady increase.
Higher allocations of public funding towards nanomaterial research and
growth in financing for nanomaterial-related startups signify the
growing importance and potential of nanotechnology in various
industries.
Nanomedicine
Nanomaterials have emerged as powerful tools in nanomedicine,
revolutionizing diagnostics and imaging, drug delivery systems, and
regenerative medicine, with active engagement of major
pharmaceutical multinationals like Pfizer and Johnson & Johnson.
Figure 8: The smart bandage held by tweezers (Image credit: Negar Rahmani)
Environmental Treatments
Nanotechnology has shown significant potential in addressing
environmental challenges such as water treatment, soil contaminant
treatment, and hazardous waste management. Multinationals like
Dow Chemical Company and LG Water Solutions have explored
nanotechnology-based solutions for desalination and water
purification, including the development of advanced nanofiltration
membranes for enhanced water treatment processes.
Renewable Energy
Nanotechnology is increasingly integrated into renewable energy
sources, particularly in solar, hydrogen, biomass, geothermal, and tidal
wave energy production. Solar collectors, in particular, have gained
significant attention. Research has focused on upgrading solar
collectors through the nanoengineering of various components such as
flat solar plates, direct absorption plates, parabolic troughs, and wavy
plates and heat pipes. The use of nanofluids has become common in
these devices to improve their efficiency. In addition, cell doping, a
common method of modifying the new cell’s nanomaterial, introduces
specific impurities or additives into the nanomaterial structure to
enhance its electrical properties (source). Nanotechnology-based solar
devices have lower costs and less complex manufacturing, however,
there is still a need to explore the full potential of nanomaterials in the
design and manufacturing of solar panels to maximize their cost-
effectiveness and efficiency.
Sustainable Agriculture
Nanomaterials have also greatly contributed to sustainable
agriculture by enhancing crop production, improving soil quality, and
play a role in the processing and transport of agricultural products.
Global agricultural science and technology company Syngenta has
been actively researching nanotechnology for crop protection, seed
treatment, and precision agriculture. German chemical company BASF
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has also been researching nanotechnology applications in agriculture,
including nanoscale delivery systems for agrochemicals.
Figure 9: CrayoNano’s UV-C LED for water treatment (Image Credit: CrayoNano)
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Figure 10: CrayoNano’s UV-C LED for food processing and preservation (Image Credit: CrayoNano)
Sustainable Agriculture
→ Infrascreen, a Swiss seed company with expertise in
nanotechnology, develops light filters that enhance greenhouse climate
management. Their sustainable solution doubles the efficiency of
energy-saving screens, enabling greenhouse growers to significantly
minimize radiative heat losses, resulting in lower operating costs,
reduced carbon emissions and more sustainable agricultural practices.