Changed perception of Users in Nanotechnology, the market promises to grow by $1 trillion

MCOS: Worldwide. It was found that overall there was a negative feeling towards nanotechnology. The reason was based on two experiences: unease about nanoparticles in cosmetics and a deeper unhappiness in using the technology in military enhancement.However, nanotechnology industry is poised to grow to a trillion dollar by 2015. The responsibility of building a trust therefore, lies with the federal government and industry when they go about developing new nano applications.Experts say that two thirds of the people all over the world who are aware of developments in this nascent science of nanotechnology agreed on its potential benefits in health and medicine, national defense, and environment sectors. Those who did not see favorably towards nanotechnology needed to be convinced that the supervision of the government would be swift, rigorous, and independent of external intervention. People want that both government and industry should check and improve trust.Since nanotechnology is far smaller than micro-tech, there are immense possibilities of nanotech applications with ever new properties. The growth being rapid and enormous, this technology is emerging as a contender for MEMs in many areas. The World Nanotechnology Market 2005 Publ 20051205