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Global Graphene Nanocomposites Market is expected to grow at a CAGR of 24.67% during the forecast period from 2019-2025
Global Graphene Nanocomposites Market 2019, Global Graphene Nanocomposites Market Growth, Global Graphene Nanocomposites Market
GrapheneNanocomposites Market by Type (Oxide, Polymer, Nano Platelets, Others), Application, Industry (Coatings, Electronics, Automotive, Others), Region and Global Forecast 2019-2026.
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Prominent companies in the industry include HaydaleGraphene Industries Plc, XG ScienceInc., Applied Graphene Materials plc, Cheap Tube Inc, Xiamen KnanoGraphene Technology Co., Ltd., Nanolntegris Inc., Suzhou Graphene Nanotechnology Co. Ltd., Talga Resources Ltd,Versarienplc, Graphenea, Garmor, ACSMaterial, CheapTubes, BGT Materials, Allightec, LeaderNano, Nanoinnova, are offering greater opportunities and major players are continuously focused on new product developments and venture capital investments to obtain market share.
Type segment include graphene oxide, graphene polymer, graphenenano platelets, and others. The graphene oxide segment valued around USD 17.25 million in 2018 due to their low price range and increasing demand from the electronics, medical, and polymer composites industries. Application segment is divided into electro catalysts, high performance materials, biosensors, biomedical materials, and others. The biosensors segment accounted highest market share of 29.27% in 2018 owing to the robust formation of graphenenanocomposites. Industry segment is categorized into coatings & printing inks, building & construction, electronics, automotive& aerospace, medical & bio-medical, and others. The medical & bio-medical segment is expected to hold the largest share of 28.37% during the forecast period. The demand from the biomedical applications and increasing use in drug & gene delivery, bio-imaging and nanomedicine has increased the market for the medical & bio-medical segment.
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Increasing demand for graphenenanocomposites, remarkable characteristic properties, and helpful in simplifying the next generation of technologies in various industries are the key driving factors for the graphenenanocomposites market. The poor compatibility and dispersibility in polymers may limit the growth of market. However, increasing R&D activitiesis expected to boost the graphenenanocomposites market over the forecast period.
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