[161 Pages Report] The global graphene nanocomposites market is projected to grow year-on-year by 37.0% in 2022, reaching a valuation of US$ 2,796.7 Million by 2031.
| Attribute | Details |
|---|---|
| Graphene Nanocomposites Market Base Year Value (2020A) | US$ 122.3 Million |
| Graphene Nanocomposites Market Estimated Year Value (2021E) | US$ 167.5 Million |
| Graphene Nanocomposites Market Projected Year Value (2031F) | US$ 2,796.7 Million |
| Graphene Composites Market Value-based CAGR (2021-2031) | 32.5% |
| Graphene Composites Market Collective Value Share: Top 3 Countries (2020A) | 49.9% |
Graphene nanocomposites are used in medical, biomedical and energy storage applications, driving sales at a 32.5% CAGR over the forecast period. As per the report, sales in the graphene nanocomposites market represented 4.5% of the global nanocomposites market in 2020.
Rising demand for graphene oxide for applications in medicine and biotechnology for cellular imaging, drug delivery, and cancer treatment, along with increasing application in electronics and optics will continue pushing sales in the market.
Considering this, Future Market Insights (FMI) has forecast the global graphene nanocomposites sales to reach a valuation of US$ 2,796.7 Mn in 2031.
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| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 38.2% |
| H1,2022 Projected (P) | 33.7% |
| H1,2022 Outlook (O) | 34.6% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (-) 360 ↓ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (+) 90 ↑ |
A half yearly growth comparison between earlier projection and current estimated has been presented by Future Market Insights. Growth outlook of graphene nanocomposites market is subjected to an array of industrial and innovation factors including research and development expenditure, nanotechnology sector commercialization, advancement in industrial sector and others.
Sales prospects to continue to be pushed by growing demand for its use in electronics and optics, as well as in medicine and biotechnology for cellular imaging, drug delivery, and cancer therapy.
According to FMI analysis, the market for graphene nanocomposites will grow by 33.7% in projected first half 2022 whereas the outlook H1, 2022 depicts 34.6% increase in the market segment. The key reason attributing to this increment in the growth rate includes substantial demand for semiconductors, higher demand for electronic items, adaptation of nanotechnology in healthcare and other end use industries, etc.
In addition, increasing sales of graphene nano platelets, which are used to enhance the properties of polymeric materials, are anticipated to continue accelerating market expansion over the projection period.
In order to store and accumulate charge, graphene nanocomposites have proved to be effective owing to their significant surface area, high stability, strong charge carrier mobility, and high conductivity.
Leading market participants in graphene nanocomposites are engaging in strategic business partnerships for the commercialization of graphene and concentrating on the incorporation of proprietary and environmentally friendly technology for graphene synthesis.
In addition to this, players are concentrating on research and development to investigate new application areas of graphene nanocomposites that can serve additional end uses, in order to obtain a competitive edge.
Sales of graphene nanocomposites grew at an impressive 30.5% CAGR between 2018 and 2020, with countries such as the U.S., China, and South Korea driving demand.
Rapid growth in the electronics sector is spurring demand for graphene nanocomposites to be used in electronic and semiconductor components. Besides this, growing sales of graphene nanoplatelets to improve properties of polymeric materials, is expected to continue augmenting the growth in the market over the forecast period.
They are also an effective substitute to carbon nanotubes (CNT) and are slowly becoming more prevalent in various areas of application. Increasing adoption of various techniques to commercialize graphene nanocomposites is expected to bode well for the market in the forthcoming years.
As a result, the graphene nanocomposites market is projected to grow at a 32.5% CAGR during the forecast period of 2021-2031.
With the evolution of technology, there have been continuous advances in the electronics industry across the globe. The need to inculcate advanced and more efficient materials in the electronics sector is expected to spur demand in the market.
Graphene nanocomposites are used in a plethora of application in the electronics industry. They provide an economical solution for flexible radio frequency identification (RFID) tags. They are increasingly being used for enhancement of electronic & semiconductor components, such as thin film transistors, capacitors, and sensors. The compound is also used for printable electronics & conductible coating applications.
In the forthcoming years, electronic devices, such as mobiles phones will feature components having graphene enhancements. The surge in advanced electronics production to meet the growing consumer demand for better products is expected to provide an impetus to the sales of graphene nanocomposites.
Principal Consultant
“Electronics Manufacturers in China are Employing Graphene Oxide Nanocomposites”
As per FMI, China is projected to account for nearly one-fourth of the global market share, creating an incremental opportunity of above US$ 623.8 Mn in 2031.
China is expected to remain one of the leading countries producing graphene nanocomposites across the globe. Graphene nanocomposites manufacturers in China are investing in innovation and development of new products such as new silicon graphene nanocomposites for lithium-ion batteries. This is expected to spur demand in the China market in the forthcoming years.
The presence of a robust electronics sector in China is a chief factor projected to fuel sales of graphene nanocomposites over the forecast period.
“Growing Demand for Graphene Based Nanocomposites for Water Treatment Will Fuel Growth”
Sales in the U.S. are projected to account for approximately 87.2% of the North America graphene nanocomposites market in 2031. In 2021, the market is expected to grow by 37.2% year-on-year, reaching a valuation of US$ 42.5 Mn. Expansion of the medical and bio-medical sector in the U.S. is expected to bode well for the market over the forecast period.
The presence of players such as Angstron Materials, Inc. in the U.S. is another important factor propelling the demand for graphene nanocomposites. Moreover, the use of graphene nanocomposites in water treatment and polymer composites is expected to bolster the growth of the market.
“Surging Demand for Epoxy Graphene Nanocomposites to Boost Sales in Russia”
Demand in the Russia is projected to account for 17.3% of the Europe graphene nanocomposites market share in 2031. The country is investing in research and development, and graphene has been declared a priority research subject.
Growing production of graphene nanocomposites in Russia will place it as a lucrative pocket in the Europe market.
“Increasing Adoption in the Paints & Coatings Industry Will Spur Demand for Graphene Nano Platelets”
Sales of graphene nano platelets are expected to grow at an impressive 31.3% CAGR over the forecast period.
Graphene nano platelets (GNP) have a unique nanoscale size, shape, and composition. These can be used to improve properties of a wide range of polymeric materials such as thermoplastic and thermoset composites, adhesives, paints & coatings, natural or synthetic rubber, and thermoplastic elastomers.
Also, they are being used as nanoscale additives for resistive heaters, advanced composites, and in electrodes of advanced batteries and super capacitors. Owing to these factors, sales of graphene nano platelets are projected to increase over the forecast period.
“Increasing Sales of Advanced Electronics are Bolstering Demand for Graphene Nanocomposites”
Applications in energy storage segment are projected to create an absolute dollar opportunity of more than US$ 597.7 Mn during the forecast period.
Graphene nanocomposites have a large surface area, high stability, good charge carrier mobility, and high conductivity which is utilized to store and accumulate charge. Energy generation and energy storage devices, such as solar cells, batteries, fuel cells, super-capacitors, and hydrogen storage cells, are application areas of the product.
The material also finds application in lithium-ion batteries due to high energy storing capacities. These factors will continue providing tailwinds to graphene nanocomposites sales over the assessment period.
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Leading players operating in the graphene nanocomposites market are investing in strategic business agreements for commercialization of graphene and are focusing on the 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:
| Attribute | Details |
|---|---|
| Forecast Period | 2021 to 2031 |
| Historical Data Available for | 2018 to 2020 |
| Market Analysis | US$ Million for Value and Tons for Volume |
| Key Regions Covered | North America; Europe; East Asia; and Rest of the World |
| Key Countries Covered | The USA, Canada, Germany, The UK, France, Italy, Spain, Russia, China, Japan, and South Korea |
| Key Segments Covered | Product Type, Application, and Region |
| Key Companies Profiled | 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; Directa Plus Plc; Aztrong Inc. |
| Report Coverage | Market Forecast, Brand Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The graphene nanocomposites market reached a valuation of US$ 167.5 Mn in 2021.
The graphene nanocomposites market experienced robust growth, exhibiting a 30.5% CAGR between 2018 and 2020.
Incorporation of green technology for graphene production, along with strategic business agreements for commercialization of graphene are driving sales of graphene nanocomposites.
North America graphene nanocomposites market is projected to grow at an impressive 32.1% CAGR during the forecast period.
Graphene nanocomposites market in East Asia is anticipated to hold a market share of 44.0% by 2031.
The U.S. is anticipated to hold a market share of 24.0% in the global graphene nanocomposites market share by 2031.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product innovation & Diversification
4.3. Marketing and Brand management
4.4. Supply Chain Management
5. Global Graphene Nanocomposites Market Demand Analysis 2018-2020 and Forecast, 2021-2031
5.1. Historical Market Volume (Tons) Analysis, 2018-2020
5.2. Current and Future Market Volume (Tons) Projections, 2021-2031
5.3. Y-o-Y Growth Trend Analysis
6. Global Graphene Nanocomposites Market - Pricing Analysis
6.1. Pricing Analysis By Type
6.2. Pricing Break-up
6.3. Global Average Pricing Analysis Benchmark
7. Global Graphene Nanocomposites Market Demand (in Value or Size in US$ Mn) Analysis 2018-2020 and Forecast, 2021-2031
7.1. Historical Market Value (US$ Mn) Analysis, 2018-2020
7.2. Current and Future Market Value (US$ Mn) Projections, 2021-2031
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.2. Forecast Factors - Relevance & Impact
8.3. Value Chain Analysis
8.4. Porter’s Five Analysis
8.5. Supply Demand Overview
8.6. Market Dynamics
8.6.1. Drivers
8.6.2. Restraints
8.6.3. Opportunity Analysis
8.7. Impact of COVID – 19 Crisis
8.7.1. Introduction
8.7.2. World Economy / Cluster Projections
8.7.3. Potential of Impact by Taxonomy
8.7.4. Recovery Scenario (Short, Mid and Long term)
8.7.5. Key Strategies
9. Global Graphene Nanocomposites Market Analysis 2018-2020 and Forecast 2021-2031, By Type
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume Analysis By Type, 2018-2020
9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Type, 2021 - 2031
9.3.1. Graphene Oxide (GO)
9.3.2. Graphene Nano Platelets (GNP)
9.4. Market Attractiveness Analysis By Type
10. Global Graphene Nanocomposites Market Analysis 2018-2020 and Forecast 2021-2031, By Application
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume Analysis By Application, 2018-2020
10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Application, 2021 - 2031
10.3.1. Electronics
10.3.2. Energy Storage
10.3.3. Automotive & Aerospace
10.3.4. Polymer Composites
10.3.5. Medical & Bio-medical
10.3.6. Water Treatment
10.3.7. Research & Development
10.4. Market Attractiveness Analysis By Application
11. Global Graphene Nanocomposites Market Analysis 2018-2020 and Forecast 2021-2031, by Region
11.1. Introduction
11.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2018-2020
11.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2021 - 2031
11.3.1. North America
11.3.2. Latin America
11.3.3. Europe
11.3.4. East Asia
11.3.5. South Asia & Pacific
11.3.6. Middle East & Africa
11.4. Market Attractiveness Analysis By Region
12. North America Graphene Nanocomposites Market Analysis 2018-2020 and Forecast 2021-2031
12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018-2020
12.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021 - 2031
12.4.1. By Type
12.4.2. By Application
12.4.3. By Country
12.4.3.1. U.S.
12.4.3.2. Canada
12.5. Market Attractiveness Analysis
12.5.1. By Type
12.5.2. By Application
12.5.3. By Country
12.6. Market Trends
12.7. Driver & Restraint: Impact Analysis
13. Europe Graphene Nanocomposites Market Analysis 2018-2020 and Forecast 2021-2031
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018-2020
13.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021 - 2031
13.4.1. By Type
13.4.2. By Application
13.4.3. By Country
13.4.3.1. Germany
13.4.3.2. Italy
13.4.3.3. France
13.4.3.4. U.K.
13.4.3.5. Spain
13.4.3.6. BENELUX
13.4.3.7. Russia
13.4.3.8. Rest of Europe
13.5. Market Attractiveness Analysis
13.5.1. By Type
13.5.2. By Application
13.5.3. By Country
13.6. Market Trends
13.7. Driver & Restraint: Impact Analysis
14. East Asia Graphene Nanocomposites Market Analysis 2018-2020 and Forecast 2021-2031
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018-2020
14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021 - 2031
14.4.1. By Type
14.4.2. By Application
14.4.3. By Country
14.4.3.1. China
14.4.3.2. Japan
14.4.3.3. South Korea
14.5. Market Attractiveness Analysis
14.5.1. By Type
14.5.2. By Application
14.5.3. By Country
14.6. Market Trends
14.7. Driver & Restraint: Impact Analysis
15. Rest of World Graphene Nanocomposites Market Analysis 2018-2020 and Forecast 2021-2031
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018-2020
15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021 - 2031
15.4.1. By Type
15.4.2. By Application
15.4.3. By Country
15.4.3.1. SAP
15.4.3.2. Latin America
15.4.3.3. MEA
15.5. Market Attractiveness Analysis
15.5.1. By Type
15.5.2. By Application
15.5.3. By Country
15.6. Market Trends
15.7. Driver & Restraint: Impact Analysis
16. Market Structure Analysis
16.1. Market Analysis by Tier of Companies [Graphene Nanocomposites]
16.2. Market Concentration
16.3. Market Share Analysis of Top Players
16.4. Market Presence Analysis
17. Competition Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Competition Key Developments
17.4. Competition Deep Dive
17.4.1. Versarien Plc
17.4.1.1. Overview
17.4.1.2. Product Portfolio
17.4.1.3. Sales Footprint
17.4.1.4. Strategy Overview
17.4.2. Haydale Graphene Industries Plc
17.4.2.1. Overview
17.4.2.2. Product Portfolio
17.4.2.3. Sales Footprint
17.4.2.4. Strategy Overview
17.4.3. Graphenea S.A
17.4.3.1. Overview
17.4.3.2. Product Portfolio
17.4.3.3. Sales Footprint
17.4.3.4. Strategy Overview
17.4.4. Applied Graphene Materials PLC
17.4.4.1. Overview
17.4.4.2. Product Portfolio
17.4.4.3. Sales Footprint
17.4.4.4. Strategy Overview
17.4.5. Taiwan Graphene Co., Ltd.
17.4.5.1. Overview
17.4.5.2. Product Portfolio
17.4.5.3. Sales Footprint
17.4.5.4. Strategy Overview
17.4.6. Ningbo Moxi Technology Co., Ltd
17.4.6.1. Overview
17.4.6.2. Product Portfolio
17.4.6.3. Sales Footprint
17.4.6.4. Strategy Overview
17.4.7. GrapheneTech, S.L.
17.4.7.1. Overview
17.4.7.2. Product Portfolio
17.4.7.3. Sales Footprint
17.4.7.4. Strategy Overview
17.4.8. XG Sciences Inc.
17.4.8.1. Overview
17.4.8.2. Product Portfolio
17.4.8.3. Sales Footprint
17.4.8.4. Strategy Overview
17.4.9. NanoXplore, Inc
17.4.9.1. Overview
17.4.9.2. Product Portfolio
17.4.9.3. Sales Footprint
17.4.9.4. Strategy Overview
17.4.10. Talga Resources Ltd.
17.4.10.1. Overview
17.4.10.2. Product Portfolio
17.4.10.3. Sales Footprint
17.4.10.4. Strategy Overview
17.4.11. Directa Plus Plc
17.4.11.1. Overview
17.4.11.2. Product Portfolio
17.4.11.3. Sales Footprint
17.4.11.4. Strategy Overview
17.4.12. Aztrong Inc.
17.4.12.1. Overview
17.4.12.2. Product Portfolio
17.4.12.3. Sales Footprint
17.4.12.4. Strategy Overview
18. Assumptions and Acronyms Used
19. Research Methodology
Chemicals & Materials
March 2023
REP-GB-12551
300 pages
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Graphene Nanocomposites Market
