< Key Hightlight >

MARKET OUTLOOK

As per Triton’s report, the nanomaterials market in Europe is assessed to grow in value and volume at a compound annual growth rate of 14.38% and 15.02%, respectively, during the projected period 2021-2028. Germany, Italy, Spain, France, Russia, the United Kingdom, and Rest of Europe shape the region’s market.

Presently, numerous university departments and research institutions are conducting research in nanotechnology in Germany. Moreover, half of them are focusing on material research. In this regard, recently, carbon nanotubes have been studied in photovoltaic research by scientists who have introduced a roadmap to enable the mass production of this technology. Additionally, there is a bright future for carbon nanotubes in PV application despite some obstacles. Hence, the rising opportunities for CNTs in solar energy have increased the demand for nanomaterials, fueling the growth of the nanomaterials market across Germany. 

France, on the other hand, has the second-largest construction industry in the region. The nation’s construction industry is witnessing slow growth, with a gradual rise in the turnover index over the past few years. Commercial construction has surged in the past few years, driven mainly by the rise in businesses and other commercial activities. This rise in construction influences the use of nanomaterials for numerous applications. Thus, the developing construction industry is boosting the French nanomaterials market on a progressive path over the forecast period. 

COMPETITIVE OUTLOOK 

The eminent companies in the nanomaterials market are Arkema, Daikin, Covestro AG, Nanoco Technologies Ltd, and Nanophase Technologies Corporation.