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.
The increased demand for graphene nanocomposites for usage in electronics, medicinal, water treatment, research, aerospace, polymer composites, and optics is driving market growth. Furthermore, the market will benefit from the increasing adoption of creative ways to commercialize graphene nanocomposites.
Consumer demand for graphene oxide for a variety of applications such as cellular imaging, medication administration, and cancer therapy is creating lucrative growth opportunities for graphene nanocomposites market participants.
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.
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“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.
Competitive Landscape
Top players operating in the graphene nanocomposites market
- 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.
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Key Segmentation
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
About Future Market Insights (FMI)
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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