Press release
Global Graphene Composites Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2027: Key Players are Graphmatech AB and Graphene 3D Lab Inc.
Global Graphene Composites Market is expected to grow at a CAGR of 23.62% to reach a market size worth US$56.654 million by 2027.The prime factors propelling the growth of the global graphene composites market are the increasing demand for high-performance and lightweight materials in various industries and the unique properties of graphene, such as high strength, stiffness, and conductivity.
The global graphene composites market is expected to witness a high growth rate during the projected period.
Graphene composites are a class of materials that combine graphene, a two-dimensional carbon allotrope with exceptional mechanical, electrical, and thermal properties, with other materials to enhance their performance. Graphene composites have many potential applications, from electronics and energy storage to aerospace and automotive industries. Graphene composites can be produced in various forms, including films, coatings, fibers, and bulk materials. In addition, the properties of graphene composites can be tailored to meet specific application requirements by adjusting the graphene concentration, size, orientation, and the type, shape, and composition of the matrix material. Graphene composites are already being used in various applications, such as sensors, batteries, supercapacitors, and composites. The demand for graphene composites is expected to increase further, driven by the growing need for lightweight, durable, and energy-efficient materials in various industries. However, the high cost of graphene production and the need for standardized testing and certification procedures for graphene composites remain significant challenges for the widespread adoption of these materials.
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The global graphene composites market has been segmented into product type, end-user, and geography.
The market has been classified by product type into polymer-based graphene composites, metal-based graphene composites, ceramic-based graphene composites, and others. Polymer-based graphene composites offer improved mechanical, electrical, and thermal properties, making them ideal for aerospace, automotive, and electronics industries. Moreover, the increasing demand for lightweight and durable materials drives the growth of polymer-based graphene composites. Metal-based graphene composites are primarily used in the aerospace and defense industries due to their high strength and stiffness. These composites are typically made by combining graphene with metals such as aluminum, copper, and titanium. The increasing demand for lightweight and high-strength materials in aerospace and defense applications drives the growth of metal-based graphene composites.
By end-user, the market has been classified into aerospace, buildings and construction, electronics, energy storage and generation, automotive, and others. The aerospace industry is one of the largest end-users of graphene composites due to their high strength, stiffness, and lightweight properties. Graphene composites are used in various aerospace applications such as aircraft components, wings, fuselage, and structural materials. Graphene composites are increasingly used in the buildings and construction industry due to their excellent mechanical and thermal properties. These composites are used in coatings, insulation, and concrete reinforcement applications. The increasing demand for sustainable and energy-efficient materials drives the growth of graphene composites in the buildings and construction industry. Graphene composites are increasingly used in the energy storage and generation industry due to their high electrical conductivity and low resistance properties. These composites are used in applications such as batteries, supercapacitors, and solar cells.
The market is classified geographically into Americas, Europe Middle East and Africa, and Asia Pacific. The Asia Pacific region is expected to witness significant growth in the graphene composites market due to the increasing demand for high-performance and lightweight materials in various industries. In addition, the region has a well-established electronics industry, the largest end-user of graphene composites. Moreover, the increasing investments in infrastructure development and the growing automotive industry are driving the growth of graphene composites in the region. Some of the key players in this region include Angstron Materials, NanoXplore, and Vorbeck Materials. Additionally, countries like China, Japan, and South Korea are emerging as major players in the graphene composites market due to their significant investments in research and development activities.
The major global graphene composites market players are G6 Materials Corp, Haydale Graphene Industries PLC, Applied Graphene Materials plc, Graphene Composites Limited, XG Sciences Inc., Graphmatech AB, Graphene 3D Lab Inc., Nano Graphene Inc., and BGT Materials Limited.
This global graphene composites market has been analyzed into the following segments:
• By Product Type
o Polymer-based Graphene Composites
o Metal-based Graphene Composites
o Ceramic-based Graphene Composites
o Others
• By End-User
o Aerospace
o Buildings and Construction
o Electronics
o Energy Storage and Generation
o Automotive
o Others
• By Geography
o Americas
o Europe Middle East and Africa
o Asia Pacific
Related Reports:
• Advanced Composites Market: https://www.knowledge-sourcing.com/report/advanced-composites-market
• Global Nano Composites Market: https://www.knowledge-sourcing.com/report/global-nano-composites-market
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Knowledge Sourcing Intelligence
Phone: +1-850-250-1698
E-Mail: info@knowledge-sourcing.com
Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies across ten industry verticals. KSI has a team of experienced and young professionals who focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports annually centering on the niche and latest technologies. In addition, we engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers, and challenges, and strategic recommendations for making informed decisions. Our success lies in our analysts' efforts to meet client expectations by delivering quality work within the stipulated deadlines.
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