EUROPE NANOTECHNOLOGY IN ENERGY APPLICATIONS MARKET FORECAST 2023-2032

The United Kingdom, Germany, France, Italy, Spain, Poland, and Rest of Europe are evaluated for the Europe nanotechnology in energy applications market growth study. As of July 2021, the United Kingdom holds the second position globally concerning its count of national nanotechnology standards, equating to 118. However, in terms of established nanotechnology patents, the United Kingdom ranks sixth worldwide, with a total of 102 patents as of September 2021. Despite these achievements, the country’s prioritization of nanoscience ranks 75th across the world. Experts highlight that the United Kingdom has been relatively less proactive compared to other leading nations in nanotechnology, like the United States and Germany, primarily in terms of developing a comprehensive strategy to ensure the continuous advancement of this scientific domain.

While the United Kingdom currently stands as a significant player in the nanotechnology sector worldwide, the nation’s initial progress was sluggish due to inadequate government funding and strategic planning. Presently, however, the United Kingdom allocates about 1.67% of its GDP to research and development in nanotechnology. Moreover, the country hosts around 101 organizations operating within its nanotechnology market.

Known for its emphasis on innovation and sustainability, Germany has positioned itself as a leader in harnessing nanotechnology’s potential within the energy domain. In this regard, the German government plays an instrumental role in advancing nanotechnology research and development by facilitating multiple funding programs and initiatives. Also, the Federal Ministry for Economic Affairs and Energy, as well as the Federal Ministry of Education and Research, actively extend financial backing to nanotechnology endeavors, constituting those with an energy focus. These well-structured funding avenues serve to expedite the progress and utilization of nanotechnology within Germany’s energy sector.

The Europe nanotechnology in energy applications market is segmented into material type, application, and end-user. The application segment includes petroleum refining, fuel cell, energy storage device, solar photovoltaics, and other applications.

The use of nanomaterials as catalysts within refining processes helps amplify the efficiency and selectivity of various reactions. Moreover, advanced refining methodologies, including hydro-processing, coking, and fluid catalytic cracking, facilitate the heightened conversion of raw crude oil into valuable end products. Technological advancements also help augment the capacity to generate cleaner fuels, featuring decreased sulfur content and elevated environmental compatibility, thus effectively adhering to more stringent regulatory mandates.

Major players operating in the Europe nanotechnology in energy applications market include Aspen Aerogels Inc, The Chemours Company, Honeywell International Inc, etc.

Aspen Aerogels Inc, headquartered in the United States, develops, designs, manufactures, and sells aerogel insulation products predominantly for the energy infrastructure as well as sustainable insulation materials markets. It operates in the United States, Canada, Asia, Europe, and Latin America. The company provides Pyrogel XTE that minimizes the risk of corrosion under insulation in energy infrastructure operating systems, Pyrogel XTF to provide protection against fire, Cryogel Z for cryogenic and sub-ambient applications within the energy infrastructure sector, and Pyrogel HPS for applications in the power generation industry, among others.