July 15, 2017

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2 A more reasonable estimate is that the background level of nanomaterials valid at least up to about 2005 is a turnover of $5 × 109 per annum. It is then relatively minor—for comparison, the annual sales of Procter & Gamble in 2007 were $75 × 109 . 25 × 109 ), chiefly used as an additive for the rubber used to make the tires for motor vehicles; (ii) silver halides used in the photographic industry to sensitize the emulsions with which photographic film is coated; and (iii) titanium dioxide used as a white pigment in paint—in other words, “old” nanotechnology (which should therefore not be considered as nanotechnology at all—see Chapter 1).

R. Ashby, The mechanism of habituation. In: NPL Symposium No 10, Mechanization of Thought Processes. London: HMSO (1960). 24 The possibility of intrinsic bursts of destruction should not be neglected, cf. the BakSneppen model (footnote 16). 39 CHAPTER 4 Why Nanotechnology? 3 Agile Manufacturing Further Reading 44 45 45 46 With almost every manufactured product, if the same performance can be achieved by using less material, there will be a cost advantage in doing so. A well-known example is the metal beverage can.

White, Medieval Technology and Social Change. New York: Oxford University Press (1962). 3 Proposed quasi-equilibrium between technology push (solid line) and market pull (dashed line). The ideal level of output occurs where they exactly match each other. This diagram neglects consideration of possible temporal mismatch between push and pull. innovations, whereby technology responds to customer feedback) does not seem to cover all cases, however. There is currently no real demand for new operating systems for personal computers, for example, yet Microsoft, the market leader (in terms of volume), is constantly launching new ones.

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