Applications of Nanotechnology

The 2000s have seen the beginnings of the applications of nanotechnology in commercial products, although most applications are limited to the bulk use of passive Nanomaterials Examples include titanium dioxide and zinc oxide nanoparticles in sunscreen, cosmetics and some food products; silver nanoparticles in food packaging, clothing, disinfectants and household appliances such asSilver Nano; carbon nanotubes for stain-resistant textiles; and cerium oxide as a fuel catalyst. As of March 10, 2011, the Project on Emerging Nanotechnologies  estimated that over 1300 manufacturer-identified nanotech products are publicly available, with new ones hitting the market at a pace of 3–4 per week. Germany has a social market economy that is considered the fifth largest in the world following the German unification in 1990. Germany’s economic status has recovered from the recession phase between 2008 and 2009 by accepting manufacturing orders and exports from outside the Euro zone. Germany’s GDP as of 2011 was $3.139 trillion. About 71% of the total GDP is contributed by the service sector, 28% by the industrial sector and 1% by the agricultural sector.

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