Wednesday 12 December 2018

Sir Fraser Stoddart

Global nanotech market seen hitting $174bn

DUBAI, November 1, 2017

The global nanotechnology market is forecasted to grow to $174 billion by 2025 at a CAGR of around 18.1 per cent, said Dubai-based system integrator Waseela, citing a ‘Research and Markets’ report.

Waseela will highlight advances in the multi-billion dollar nanotechnology market during a live discussion with 2016 Nobel Laureate and pioneering nanotech scientist Sir Fraser Stoddart and Intel Corporation’s former nanotech R&D director Dr Youssry Botros on December 4.

Stoddart and Botros have pioneered a number of advances in nanotech, both individually and together, over recent years. They also co-founded PanaceaNano, a nanotech company focused on the design and manufacture of newly discovered functional nano-materials and systems that will have applications in various industries, including health, energy storage and generation, and biotechnology.

The company has developed several patented technologies and created new start-ups through research and technology development in different areas of nanotechnology, since it was founded in 2015.

While nanotechnology was first thought of and envisioned in 1959, it wasn’t until the year 2000 that the field started to advance. Today, it is rapidly gaining traction across such diverse industries as medicine, technology, agriculture, energy storage and water treatment.

In the UAE, leading institutions such as Khalifa University and the Masdar Institute of Science and Technology have pioneered nanotech breakthroughs, with the latter named a centre for semiconductor R&D and manufacturing excellence, in 2012. In April 2017 Masdar student, Nazek El Atab, was named as one of 15 international female researchers to have won the L’Oreal-Unesco For Women in Science International Rising Talents award, for her work in nanotech.

Capitalising on the market opportunity, discussion host and producer, Waseela, will pioneer its own nano-solutions for the regional market, specialising in applications in its core business of technology.  Through the roundtable discussion on December 4, the firm will raise awareness of the nanotech advances currently being explored in the UAE.

The invitation-only event is free to attend, however, places are limited, a company statement said. – TradeArabia News Service

Tags: Nanotechnology | fraser | waseela |

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