Europe Nanomaterial Market Size (2024 – 2030)

In 2023, The Europe Nanomaterial Market was valued at 7.86 Billion, and is projected to reach a market size of $ 21.42 Billion by 2030. Over the forecast period of 2024-2030, market is projected to grow at a CAGR of 15.4%.

A diverse range of materials and applications are included in the constantly escalating European nanomaterial market. Nanomaterials are substances with at least one dimension in the 1–100 nm range with distinct physical and chemical characteristics from their bulk counterparts. Nanomaterials are perfect for a wide range of applications, consisting of electronics, energy storage, healthcare, and environmental clean-up, due to these characteristics. The growing need for cutting-edge materials in a variety of applications is the main factor driving the European nanomaterial market. Some of the top research institutions and businesses in the nanotechnology industry are based in Europe, which has contributed significantly to the field's advancement. Furthermore, the European Union has generously funded nanomaterials research and development, which has fuelled the growth of the industry.

Europe's nanomaterials market is a quickly escalating sector with a diverse range of products and applications. The company's expansion has been fuelled by the rising need for sophisticated materials across a range of end-use industries, consisting of healthcare, electronics, energy storage, and environmental remediation. Nanomaterials are anticipated to become more influential in determining the future of a number of European sectors with sustained research and development.

Europe Nanomaterial Market Drivers:

The increasing demand for advanced electronics is fuelling the demand for nanomaterials market.

One of the main factors fuelling the market for nanomaterials in Europe is the rising demand for contemporary electronics like smartphones, tablets, and laptops. Nanomaterials have a number of advantages over traditional materials when making electronics, including greater conductivity, a larger surface area, and superior mechanical properties. The shrinking of electronic equipment has also raised the demand for nanomaterials since they allow for the development of more efficient and compact electronic components. The growth of the Internet of Things (IoT) has also raised the demand for nanomaterials in electronics. The Internet of Things (IoT) is a network of actual objects that are equipped with sensors, software, and other technologies to share data with other connected devices. By enhancing their functionality, dependability, and energy efficiency, nanomaterials have the potential to make it possible to create IoT devices that are more advanced and effective.

The increasing demand for sustainable and efficient energy storage is propelling nanomaterials market growth.

A significant element affecting the European nanomaterials market is the rising demand for efficient and environmentally friendly energy storage solutions. When creating energy storage devices, nanomaterials provide a number of benefits over standard materials, including a higher energy density, faster charging times, and longer cycle life. Better energy storage technology is now more important than ever because of the rising acceptance of renewable energy sources like solar and wind, which has also raised the need for nanomaterials in this sector. A further factor driving up demand for nanomaterials in energy storage is the rising popularity of electric vehicles. For their batteries, electric vehicles need complex and effective energy storage systems, and nanomaterials provide various benefits in this regard. Longer driving distances and quicker charging times are made possible by the improvement of battery energy density and charge times by nanomaterials. The need for nanomaterials in energy storage for electric vehicles has been further fuelled by the growing emphasis on decreasing greenhouse gas emissions and promoting sustainable transportation.

Europe Nanomaterial Market Challenges:

The potential environmental and health problems connected to the production and use of nanomaterials provide a significant challenge to the European nanomaterial sector. Nanomaterials’ special characteristics, such as their small size and large surface area, might have unforeseen effects when released into the environment or in contact with living things. As a result, there have been worries raised regarding the possible toxicity and environmental effects of nanomaterials. To reduce these dangers, regulatory agencies in Europe have put tight rules into place. It remains a big problem for the industry to ensure the safe manufacture and use of nanomaterials while reducing their potential negative effects on the environment and human health.

Europe Nanomaterial Market Opportunities:

Nanoparticles in Europe have a sizable market opportunity due to the development of coatings and films based on them for a variety of applications, consisting of energy, electronics, healthcare, and others. The tensile strength, conductivity, and energy efficiency of coatings and films can all be improved by nanomaterials. Due to the growing demand for superior coatings and films across many industries, there is interesting potential for the development and commercialization of products based on nanoparticles. The European nanomaterials market may benefit from expansion and innovation as a result. 

COVID-19 Impact on Europe Nanomaterial Market:

The market for nanomaterials in Europe has been impacted by COVID-19 in many ways. Global supply chains have been disrupted as a result of the pandemic, and demand for some nanomaterials, particularly those used in non-essential industries, has decreased. The market growth has temporarily slowed as a result of this. The pandemic has increased demand for some nanomaterials, though, which are employed in healthcare and medical applications like antiviral coatings and drug delivery systems. This has hastened the development and marketing of novel nanomaterial-based products and opened up new prospects for nanomaterial producers. Overall, it is yet unclear how COVID-19 will affect the market for nanomaterials in Europe in the long run.

Europe Nanomaterial Market Recent Developments:

• In January 2022, Ahlstrom-Munksjö completed its acquisition of a 60% stake in Chinese decor paper producer Minglian New Materials Technology Co., Ltd. to form a joint venture.

EUROPE NANOMATERIAL MARKET REPORT COVERAGE:

Europe Nanomaterial Market Segmentation:

Europe Nanomaterial Market Segmentation: By Type

• Carbon-based Nanomaterials
• Metal & Non-Metal Oxides
• Metal Based Nanomaterials
• Dendrimers Nanomaterials
• Nanoclay
• Nanocellulose

Metal-based nanomaterials, dendrimer-based nanomaterials, nano clay, and nano cellulose are some of the several subcategories of the European nanomaterials market. Metal-based nanomaterials currently have the largest market share due to their extensive use in electronics and medical applications. High CAGR development is anticipated due to the distinctive properties of carbon-based nanomaterials, such as their superior thermal and electrical conductivity. Metal and non-metal oxides are commonly used in a range of industries because of their high stability, hardness, and UV-absorbing properties. Dendrimer nanoparticles are anticipated to experience substantial growth because of their rising use in medication delivery and biological applications. The growth of nanoclay and nanocellulose is predicted to be moderate given their use in the paper and packaging industries. The market for nanomaterials is anticipated to expand significantly in Europe as a result of the rising need for cutting-edge electronics, sustainable energy storage, and effective healthcare solutions.

Europe Nanomaterial Market Segmentation: By End-User

• Paints & Coatings
• Adhesives & Sealants
• Health Care & Life Science
• Energy
• Electronics & Consumer Goods
• Personal Care
• Others

Due to the expanding usage of nanomaterials in medication delivery, medical imaging, and diagnostics, healthcare & life science currently maintains the biggest market share. Due to the rising demand for nanomaterials in electronics, energy storage, and sensor applications, the consumer goods and electronics category is anticipated to rise at a rapid CAGR. Due to the rising need for long-lasting, scratch-resistant, and UV-resistant coatings, the paints & coatings market is predicted to rise somewhat. Due to the rising need for high-performance adhesives across numerous industries, adhesives, and sealants are also anticipated to have a moderate increase. Due to the growing usage of nanomaterials in cosmetics and sunscreen products, personal care is predicted to rise at a moderate rate. Due to the rising need for sophisticated materials across a range of end-use sectors, the Europe nanomaterial market is anticipated to expand significantly over the coming years.  

Europe Nanomaterial Market Segmentation: By Region

• UK
• Germany
• France
• Italy
• Rest of Europe

Regional segmentation of the European nanomaterial market can include the UK, Germany, France, Italy, and the rest of Europe. Germany has the largest market share because of its well-established industries in the automotive, electronics, and healthcare fields—which are the top users of nanomaterials. The UK is estimated to increase quickly as a result of rising investments in advanced materials research and development as well as rising demand for nanomaterials in the healthcare and energy industries. France is predicted to experience tremendous growth as a result of the rising use of nanomaterials in the packaging, cosmetics, and aerospace industries. As a result of the increased demand for nanomaterials in the building and automotive industries, Italy's economy is anticipated to grow somewhat. Due to the rising need for cutting-edge materials and technologies across a range of industries, as well as favourable government efforts and regulations supporting nanotechnology research and development, the Europe nanomaterial market is anticipated to experience considerable expansion. 

Europe Nanomaterial Market Key Players:

1. Ahlstrom Corporation
2. Air Products and Chemicals, Inc.
3. THE ARKEMA GROUP
4. CNANO TECHNOLOGY LIMITED
5. DAIKIN INDUSTRIES, Ltd
6. E. I. DU PONT DE NEMOURS AND COMPANY
7. FUSO CHEMICAL CO., LTD.
8. Nanoco Technologies Limited
9. NANOCYL S.A.
10. NanoIntegris Inc.
11. Nanophase Technologies Corporation
12. NANOSYS, INC
13. TDA Research, Inc.
14. Umicore