Press release
Graphene Nanocomposites Market is expected to potentially reach US$ 800.4 Mn by the end of 2028, Exclusive Report By Future Market Insights
The global graphene nanocomposites market is estimated to have been pegged at US$ 50.4Mn in terms of value at the end of 2018 and is expected to potentially reach US$ 800.4 Mn by the end of 2028, registering over 15X growth during the forecast period. The graphene nanocomposites market report divulges that the adoption of graphene nanocomposites for the electronics & energy storage application is estimated to account for almost 50% of the consumption during the forecast period.
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Increasing Investments and Funding for R&D Activities to Propel Growth of Graphene Nanocomposites Market
In today’s world, research & development (R&D) plays a substantial role in improving national competitiveness and sustainability. In recent years, many developing and underdeveloped countries are looking to catch up to the global R&D landscape, owing to which there have been significant changes in the field of science and technology.
Material science plays a crucial role in laying the foundation for various key industries. Graphene was discovered in 2004 and since then, its exceptionally advanced properties and huge potential applications in various fields have set the pace for its research & development. Escalating research and development activities will be the prime factor responsible for the Graphene nanocomposites market growth in the coming years.
Over the years, graphene nanocomposites have gained tremendous attention from research institutes, universities, science & technological organizations among with various governments. Increasing popularity of graphene nanocomposites has boosted the number of investments and initiatives taken for the enhancement and commercialization of graphene nanocomposites at a large scale. Important initiatives, such as EU Graphene Flagship, are aiming to commercialize graphene nanocomposites at a significant scale. Graphene nanocomposites are finding applications in important fields such as electronics, energy storage, medical & bio-medical technology, among others. It is anticipated that the commercialization of graphene nanocomposites at a larger scale will initiate a new era for technological advancements and modern material science.
The global funding for commercialization of graphene nanocomposites and R&D activities has reached over US$ 3.0 Bn over the years. Collective efforts from academia, manufacturers and end-use industries for the rapid growth of graphene nanocomposites across the world are expected to drive the growth of the graphene nanocomposites market. Also, the considerable expansion of production capacities will be responsible for the growth of the graphene nanocomposites market.
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Graphene Oxides to Witness an Upsurge in Demand Over Years Due to Their Low Price Range
Graphene nanocomposites have been categorized on the basis of product type as graphene oxide (GO) and graphene nanoplatelets (GnP). Both graphene oxide and graphene nanoplatelets find significant applications in numerous industries such electronics, medical & bio-medical, and polymer composites. However, due its low price range, graphene oxide is expected to witness demand growth in price-sensitive regions such as developing and underdeveloped countries.
East Asia to be a Prominent Region in Graphene Nanocomposites Market, due to Noteworthy Presence of End-Use Industries
The prominent presence of potential end-use industries such as electronics & optoelectronics, energy generation & storage is anticipated to drive the growth of the East Asia graphene nanocomposites market. Countries such as China & South Korea are highly emphasizing on the commercialization of graphene nanocomposites at a significant level.
Intensifying research & development activities and increased efforts towards the commercialization of graphene composites in regions such as North America and Europe are anticipated to make these regions prominent markets for graphene nanocomposites. The increasing focus on technological advancements and research & development in countries such India, Singapore and Australia is expected to boost the growth of the graphene nanocomposites market during the forecast period.
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Graphene Nanocomposites Market: Competition Outlook
The global graphene nanocomposites market is a highly fragmented market with over eighty market participants. As the commercialization of graphene nanocomposites is not at a large scale yet, market participants with high manufacturing capabilities are expected to play a crucial role in the graphene nanocomposites market.
Capacity expansion, the signing & development of strategic agreements and product innovation are a few of the key strategies undertaken by key players to expand and sustain in the global graphene nanocomposites market.
Haydale Graphene Industries Plc, Applied Graphene Materials, Talga Resources Ltd, XG Sciences Inc., and Versarien plc are among the key players identified in the graphene nanocomposites market. Some of the key recent developments & industrial activities in the global graphene nanocomposites market are:
• In July 2018, Versarien Plc collaborated with ZapGo Ltd. for the development of super capacitors with the help of Nanene for the enhancement of electrical conductivity
• In April 2018, Versarien Plc signed an agreement with Luxus Ltd., a plastic recycling company, for the development of graphene-enhanced polymers and recycled polymers for customer projects
• In September 2017, Haydale Graphene Industries Plc announced a commercial and technical partnership with Briggs Automotive Company for the supply of graphene-enhanced carbon fiber for body panels
• In November 2016, Haydale Graphene Industries Plc and Huntsman Advanced Materials signed a joint development agreement for the development and supply of graphene-enhanced functional resins
Key Segment
By Product Type
• Graphene Oxide
• Graphene Nanoplatelts
By Application
• Electronics
• Energy Storage
• Automotive & Aerospace
• Polymer Composites
• Medical & Bio-Medical
• Coatings & Printing Inks
• Academia & research
By Region
• North America
• Europe
• East Asia
• Rest of the World
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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