Dec. 1, 2003 — The global nanotechnology market is expected to grow to $18 billion by 2005, with nano-enabled flat-panel displays and fuel cells expected to launch within three years, according to a survey reported in Asia Pulse.

Nihon Keizai Shimbun Inc.’s second corporate survey on nanotech found that 40 companies are developing nanotubes and other nanomaterials. Most expect to release commercial products in one to three years, the report said.

The survey results, tabulated from 240 firms ranging from nano R&D to production, also said respondents tend to be developing materials such as nano-based glass or fibers. Products include high-capacity memory and environmental cleaning systems.