The demand for advanced composites reinforced through the addition of carbon-based materials and nanomaterials is steadily increasing during the last five years, and it is estimated to be continuously rising by at least 10% per year until 2025. Most of the forecasts about NMs agree on a market growth in the next years, with overall CAGR values between 12–25% while the nanocomposites market size is expected to exhibit a CAGR of 24. 2% over 2019-2025.

In this framework, EsSENce will promote interdisciplinary work streams for an efficient exchange of knowledge, and contribute to human resources training in new technologies for high-performance nanocomposite materials with sensing capabilities. Furthermore. it will favor the mobility of researchers (Training Schools, Short Term Scientific Missions, Workshops, periodic seminars, etc.), and liaise between networks and international bodies and associations, such as the European Materials Modelling Council, the Carbon Fibers and Advanced High-Performance Cluster or conferences on relevant topics.

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EsSENce, will bring together experts from different countries, either COST Member countries, COST Inclusiveness Target Countries (ITCs), Near Neighbour Countries (NNCs) and International Partner Countries (IPCs), to establish a business network of collaborations across borders and sectoral boundaries, to transfer and disseminate the existing knowledge and innovations on CNMs and nanocomposites for sensing applications. Without the proposed cooperation this is not easily to be achieved. Subsequently, the initial group will attract additional European and International research groups to fully explore the potential of CNM composite materials in a wide variety of engineering and technological areas, such as medical sector, automotive, constructions, aerospace and renewable energy.

EsSENce will also contribute to fostering the development of European Strategic Cluster Partnerships (i.e. European meta-clusters) by helping research institutes, SMEs and industries find easier access to
global value chains and engage in long-term cooperation with strategic partners.

The main objectives are:
1. Development of a competitive network, consisting of specialized Working Groups, for the production and assessment of CNMs and advanced composites for sensing applications.
2. Establishment of strong liaisons with international business networks through linking and sharing of information to identify current industrial market needs.
3. Dissemination of the hub objectives, challenges and results both to specific sector audience (scientific and industrial) and to the large audience through e-platforms and social media.
4. Promotion of EU groups contribution to the emergence of new value chains and the aim to take a leading position globally, supporting internationalisation towards third countries beyond Europe.
5. Networking and communication with other relevant networks to promote multidisciplinarity and cooperation in the production of CNMs and nanocomposites through dedicated web forum.
6. Improved global competitiveness and independence for the EU in the production and commercialization of carbon-based multi-functional products.