Graphene Nanoplatelets (GNPs) Market Size Worth USD 1216.9 Million 2032 | Emergen Research

The global Graphene Nanoplatelets (GNPs) market size was USD 58.3 Million in 2022 and is expected to register a rapid revenue CAGR of 32.4% during the forecast period. The global Graphene Nanoplatelets (GNPs) market is experiencing robust growth, driven by increasing demand from the energy & power and aerospace industries. A recent market research report highlights key factors propelling the market revenue growth, including the growing awareness for eco-friendly, lightweight, and strong products, alongside significant investments in Research & Development (R&D) activities.

GNPs, nanoparticle consisting of short stacks of platelet-shaped graphene sheets, are revolutionizing various industries by replacing traditional materials like nano-clays, carbon fiber, and carbon nanotubes. Their unique morphology and size induce advanced mechanical properties, making them indispensable in composites, conductive inks, coatings, power and energy storage, and medical devices.

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Market Drivers:
The escalating need for products with higher tensile strength, hardness, and longevity is a primary driver of market revenue growth. Additionally, increasing public awareness regarding energy utilization, coupled with investments in eco-friendly products, industrialization, and faster procurement of raw materials, further fuels the demand for GNPs.

Technological advancements and innovations in GNPs are also key contributors to market growth. Moreover, the integration of Artificial Intelligence (AI), Internet of Things (IoT), and Machine Learning (ML) is expanding the scope of GNPs applications, enhancing their utility across diverse sectors.

Market Restraints:
Despite the promising growth trajectory, challenges such as the high costs of Graphene Nanoplatelets and difficulty in mass production pose constraints to market expansion. The lack of technology for producing pure graphene at a high level, along with the shortage of skilled professionals to handle these materials, hinders market growth.

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Segment Insights:

Application Insights:
The composite segment dominates the market, attributed to its extensive use in enhancing the characteristics and structure of polymeric materials. Rising demand for lightweight automobiles further propels the growth of this segment.

Product Insights:
Within the GNPs market, the C-GNPs segment is expected to witness steady growth due to its high purity form, making it ideal for various applications, including conductive inks or coatings.

End-Use Insights:
The electrical & electronics segment is poised to hold a significant market share, driven by GNPs' superior electrical and mechanical properties. Wearable electronic devices made of GNPs are increasingly popular due to their low sheet resistance and flexibility. Additionally, the automotive & transportation segment is projected to experience moderate growth, fueled by the utilization of GNPs in strengthening structural components and enhancing battery efficiency and safety in electric cars.

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Major Companies and Competitive Landscape
The global Graphene Nanoplatelets Market is consolidated with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective GNPs solutions.

Some major players included in the global Graphene Nanoplatelets Market report are:

• FGV Cambridge Nanosystems Ltd.
• Thomas Swan & Co., Ltd.
• CVD Equipment Corporation
• XG Sciences, Inc.
• Xiamen Knano Graphene Technology Co., Ltd.
• Strem Chemicals, Inc.
• Directa Plus PLC
• Haydale Graphene Industries Inc.
• NanoXplore Inc.
• Angstron Materials Inc.
• Global Graphene Group
• ACS Materials LLC
• Applied Graphene Materials Inc.
• CealTech

Strategic Development

• In November 2022, CVD Equipment Corp., a provider of Chemical Vapor Deposition (CVD) systems, received an order for a production Chemical Vapor Infiltration (CVI) system valued at approximately USD 3.7 million. The system will be used to manufacture Ceramic Matrix Composite (CMC) materials for aerospace gas turbine engines.

For the purpose of this report, Emergen Research has segmented the global Graphene Nanoplatelets Market on the basis of application, product, form, end-use, and region:
• Product Outlook (Revenue, USD Billion; 2019-2032)
o M-GNPs
o C-GNPs
o H-GNPs
o R-GNPs
o Others

• Form Outlook (Revenue, USD Billion; 2019-2032)
o Bulk Powders
o Dispersions
o Leaf
o Others

• Application Outlook (Revenue, USD Billion; 2019-2032)
o Composite
o Energy & Power
o Coatings
o Conductive Inks
o Lithium-Ion Batteries
o Electromagnetic Interference (EMI) Shielding
o Additives
o Others

• End-Use Outlook (Revenue, USD Billion; 2019-2032)
o Energy & Power
o Automotive & Transportation
o Building & Construction
o Electrical & Electronics
o Medical
o Packaging
o Rubber
o Chemical
o Others

• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
o Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Russia
8. Rest of Europe
o Asia Pacific
1. China
2. Japan
3. South Korea
4. India
5. ASEAN Countries
6. Oceania
7. Rest of APAC
o Latin America
1. Brazil
2. Mexico
3. Rest of LATAM
o Middle East & Africa
1. GCC Countries
2. Israel
3. Turkey
4. South Africa
5. Rest of Middle East & Africa

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