Nanotechnology has potential applications in many sectors of the American economy, including consumer products, health care, transportation, energy and agriculture. In addition, nanotechnology presents new opportunities to improve how we measure, monitor, manage, and minimize contaminants in the environment. While the U.S. Environmental Protection Agency (EPA, or “the Agency”) is interested in researching and developing the possible benefits of nanotechnology, EPA also has the obligation and mandate to protect human health and safeguard the environment by better understanding and addressing potential risks from exposure to nanoscale materials and products containing nanoscale materials (both referred to here as “nanomaterials”). Nanotechnology presents potential opportunities to create better materials and products. Already, nanomaterial-containing products are available in U.S. markets including coatings, computers, clothing, cosmetics, sports equipment and medical devices. A survey by EmTech Research of companies working in the field of nanotechnology has identified approximately 80 consumer products, and over 600 raw materials, intermediate components and industrial equipment items that are used by manufacturers (Small Times Media, 2005). A second survey by the Project on Emerging Nanotechnologies at the Woodrow Wilson International Center for Scholars lists over 300 consumer products (http://www.nanotechproject.org/index.php?id=44 or http://www.nanotechproject.org/consumerproducts). Our economy will be increasingly affected by nanotechnology as more products containing nanomaterials move from research and development into production and commerce. Nanotechnology also has the potential to improve the environment, both through direct applications of nanomaterials to detect, prevent, and remove pollutants, as well as indirectly by using nanotechnology to design cleaner industrial processes and create environmentally responsible products.
References: 21st Century Nanotechnology Research and Development Act. Retrieved 30 July 2012. Retrieved from http://www7.nationalacademies.org/ocga/laws/PL108_153.asp Adams, W Wade; Baughman, Ray H (2005) Apply nanotech to up industrial, agri output, The Daily Star (Bangladesh), 17 August 2012. Cristina Buzea, Ivan Pacheco, and Kevin Robbie (2007). Binnig, G.; Rohrer, H