In 2021, the graphene nanocomposites market will be worth US$167.5 Million. Device and semiconductor sales are anticipated to grow at a rate of 32.5% CAGR, with the market’s estimated value reaching US$ 2,796.7 Million in 2031.
Sales in the market are increasing as a result of the growing demand for graphene nanocomposites for use in electronics, medical, water treatment, research, aerospace, polymer composites, and optics. In addition, the market is expected to benefit from the growing use of novel approaches to commercialize graphene nanocomposites.
Consumer preference for graphene oxide for various end uses like cellular imaging, drug delivery, and cancer treatment, is creating lucrative growth prospects for graphene nanocomposites market players.
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As per FMI’s regional analysis, the U.S. is anticipated to dominate the global graphene nanocomposites market. Growth can be attributed to the presence of leading players such as Angstron Materials, Inc., along with the country being a top player in medical research and the bio-medical sector.
“Increasing demand for graphene oxide nanocomposites in the paints & coatings industry, along with expansion of the electronics sector in emerging economies will continue pushing sales in the market over the assessment period,” says the FMI analyst.
Key Takeaways:
- By product type, sales in the graphene oxide segment are expected to increase at a 31.3% CAGR over the forecast period.
- Demand for graphene nanocomposites in the electronics industry is anticipated to create an incremental opportunity of US$ 597.7 Mn over the assessment period.
- The U.S. is anticipated to hold a dominant share of 87.2% of the North America graphene nanocomposites market by 2031.
- China will emerge as a lucrative market, creating an incremental opportunity of US$ 623.8 Mn in 2031.
- Germany is projected to account for 22.0% of the Europe graphene nanocomposites market share in 2031.
- South Korea and Russia will hold 10.3% and 4.1% of the global graphene nanocomposites market share respectively in 2021.
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Competitive Landscape
Leading players operating in the graphene nanocomposites market are investing in strategic business agreements for commercialization of graphene and are focusing on incorporation of proprietary and green technology for graphene production. Apart from this, players are focusing on research and development to explore new application areas of graphene nanocomposites that can serve more end uses to gain a competitive edge. For instance:
In March 2021, First Graphene Ltd collaborated with Gerdau S.A. to develop the market for PureGRAPH graphene products, which are graphene platelets that enhance the performance of cement composites, in the Americas.
Top Players
- Versarien Plc
- Haydale Graphene Industries Plc
- Graphenea S.A
- Applied Graphene Materials PLC
- Taiwan Graphene Co., Ltd.
- Ningbo Moxi Technology Co., Ltd
- Graphene Tech, S.L.
- XG Sciences Inc.
- NanoXplore, Inc
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Graphene Nanocomposites Markey by Category
By Product Type:
- Graphene Oxide (GO)
- Graphene Nano Platelets
By Application:
- Electronics
- Energy Storage
- Automotive & Aerospace
- Polymer Composites
- Medical & Bio-Medical
- Water Treatment
- Research & Development
By Region:
- North America
- Europe
- East Asia
- Rest of World
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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