For the past few years, the nanotechnology market has been experiencing a significant growth across the globe as the technology provides a plethora of new opportunities to improve monitoring capabilities and minimize contaminants in the environment. In their latest research study, “Nanotechnology Market Outlook 2017”, RNCOS analysts identified that the global nanotechnology industry has been growing at a rapid pace with rising applications in sectors like drug delivery, diagnostic devices etc. In addition, market trends like nanotechnology based thin film solar cells with high efficiency, nanomaterials with higher strength, robust growth in nanofibers and nanomedicine market etc are booming growth in this industry. Considering the above factors, the global nanotechnology market is anticipated to grow at a CAGR of around 19% during 2013-2017.