Graphene Nanocomposites Market to Surge at a Highest CAGR of 30.2% from 2023-2030: 2-D Tech, Graphene Laboratories Inc., Angstron Materials

Graphene Nanocomposites Market, by Product Type (Graphene Oxide (GO), Graphene Nano Platelets (GNP), Graphene Polymer, and Others), by Application (Electro Catalysts, High-Performance Materials, Biosensors, Biomedical Materials, and Others), by End-use Industry (Packaging, Building & Construction, Electronics & Electrical, Automotive, Medical, and Others and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America). The global Graphene Nanocomposites Market size is projected to reach a CAGR of 30.2% from 2023-2030.

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Graphene Nanocomposites Market Competitive Landscape:

2-D Tech
Graphene Laboratories Inc.
Angstron Materials
Applied Graphene Materials plc.
Abalonyx AS
ACS Material DFJ Nanotechnologies Co Ltd
Gramor
William Blythe Limited
Graphenea
Graphene Tech

In January 2022, Haydale Graphene Industries plc., announced the incorporation of graphene nano-platelets (GNPs) in its cosmetic face mask sheets and PPE face masks, iCraft is using Haydale's functionalized GNPs in its graphene-coated fabric, THERMiT.

In March 2021, Haydale Graphene Industries plc. has been awarded GBP 1.1 million loan facility by Innovate UK Loans Limited. With the support of Innovate UK, Haydale has planned to expand its capacity to manufacture functionalized nanomaterials including Graphene over 30 tons per annum.

Graphene nanocomposites are an amalgamation of graphene in the polymer matrix. Graphene is one of the allotropes of carbon, which also include diamond and carbon nanotube. Graphene has peculiar electrical, mechanical, and thermal properties such as the quantum Hall Effect and high electron mobility, and is also one of the stiffest and strongest materials. This in turn has led to the significant importance of graphene in industrial applications such as electronics, medical, and military.

Attributes of graphene such as high electron mobility, stiffness, and exceptional thermal conductivity have led to an increase in the number of research & development activities across the globe. Also, graphene can be used in the nanocomposite field in the research of various sectors. The rise in its applications is encouraging companies and governments of various nations across the globe to invest in graphene nanocomposites. Research is being carried out to synthesize graphene on a large scale in order to cater to the needs of various industries including the composite industry. The usage of graphene in the composite industry has been significantly transforming the global market for the production of graphene nanocomposite materials and because of these reasons, the market will have lucrative opportunities and growth.

On the other hand, the high cost of material manufacturing and lack of availability of production techniques are expected to hamper the market in the near future. Additionally, the high cost of technology and the presence of patent protection is anticipated to adversely affect the global graphene nanocomposite market.

Due to the COVID-19 outbreak in the first half of 2020, the electronics and semiconductor industry was significantly affected. This, in turn, has unfavourably impacted the consumption of graphene nanocomposites. The market is projected to grow steadily, owing to increased demand for electronics and semiconductors in 2021.

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Graphene Nanocomposites Market Key Findings

Graphene is one of the allotropes of carbon, which also include diamond and carbon nanotube. Graphene has peculiar electrical, mechanical, and thermal properties such as the quantum Hall Effect and high electron mobility, and is also one of the stiffest and strongest materials. This in turn has led to the significant importance of graphene in industrial applications such as electronics, medical, and military.

Rise in investments in research & development to improve the properties of graphene nanocomposites by modification of the chemical structure of these nanocomposites through encapsulation techniques is anticipated to drive the market in the near future.

The market is also divided into various regions such as Asia Pacific is anticipated to be the major region of the global graphene nanocomposites market. Recent advancements in technology and an increase in the adoption of the Internet of Things (IoT) are projected to propel the demand for electronics products across the region. Additionally, an increase in government initiatives and FDI investments in the electronic & electrical sector is expected to drive the graphene nanocomposites market across the Asia Pacific.

Due to the COVID-19 outbreak in the first half of 2020, the electronics and semiconductor industry was significantly affected. This, in turn, has unfavourably impacted the consumption of graphene nanocomposites. The market is projected to grow steadily, owing to increased demand for electronics and semiconductors in 2021.

Regional Analysis

Asia Pacific to Dominate the Market

Asia Pacific is anticipated to be the major region of the global graphene nanocomposites market. Recent advancements in technology and the increase in adoption of the Internet of Things (IoT) are projected to propel the demand for electronics products across the region. Additionally, an increase in government initiatives and FDI investments in the electronic & electrical sector is expected to drive the graphene nanocomposites market across the Asia Pacific.

Delvens Industry Expert's Standpoint

The market for graphene nanocomposites is a quickly expanding sector, driven by the rising need for high-performance materials across several sectors. The remarkable mechanical, electrical, and thermal qualities of graphene nanocomposites make them desirable for usage in the electronics, energy, aerospace, medical, and other sectors. The market is now fragmented, with several players-from start-ups and research institutions to big businesses-operating there. To create novel and inventive graphene nanocomposites, these players are making significant research and development investments. The market is anticipated to expand quickly over the next few years as a result of the rising demand for high-performance, lightweight materials across a variety of sectors. The market is still developing, and there are obstacles like the expensive cost of producing graphene, which could prevent its widespread use in some applications. Overall, the market for graphene nanocomposites offers huge opportunities for businesses that can create scalable, affordable processes for manufacturing high-quality graphene nanocomposites with the appropriate attributes to satisfy the rising demand for high-performance materials.

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