How nanotechnogy works?

Nanotechnology plays an increasingly important role in the manufacture of a wide range of consumer products which are improved and at a lower cost. Nanotechnology companies get new market opportunities by increasing the efficiency of manufacturing and logistics operations. Nanoscale materials are used in electronic, magnetic and optoelectronic, biomedical, pharmaceutical, cosmetic, energy, catalytic and materials applications. Areas producing the greatest revenue for nanoparticles reportedly are chemical-mechanical polishing, magnetic recording tapes, sunscreens, automotive catalyst supports, biolabeling, electro conductive coatings, optical fibers, non-volatile magnetic memory, automotive sensors, landmine detectors and solid-state compasses.