Graphene Nanocomposites Market to Partake Significant Development During 2017-2027

Graphene, an allotrope of carbon, is also the basic structural element of several other allotropes such as charcoal, graphite, fullerenes and carbon nanotubes. This material finds application in high-performance markets such as electronics, medical and military among others, and could re-define the nanocomposites market in the future. Graphene nanocomposites have shown a great growth potential in certain industry segments such as electronics, aerospace, green energy and automotive. Over the past few years, technology has advanced significantly and the synthesis of graphene in bulk amount became possible. This is a milestone in the development of graphene based composite and hybrid materials.

Owing to the high cost of material manufacture and production techniques, as well as the high cost of technology and patent protection, some materials in the nanocomposites market have posed difficulties in terms of costing and manufacturing delays for various high-performance end-user segments. Graphene based polymer composites show prevalent mechanical, thermal, fire resistance and electrical properties in contrast with a routine polymer.

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Its contribution to the host framework enhances electrical and mechanical properties superior to different Nanocomposites, for example, clay and carbon nanotubes (CNT). In spite of the fact that CNTs are practically identical in mechanical properties to that of graphene, graphene nanocomposites are ideal over the previous one due to its better electrical and thermal conductivity. The exceptional thermal, electrical and mechanical properties of graphene nanocomposites are expected to propel the nanocomposites market growth. Graphene nanocomposites also possess the properties of fracture toughness, lightweight, fatigue strength and cost-effectiveness. All these features promote its usage as primary filling agents in conventional composite applications.

Graphene nanocomposites are also utilized in energy storage and conversion devices such as lithium (Li), Li-sulphur Li-air batteries and super capacitors or ultra-capacitors. Graphene nanocomposites exhibits fabulous material features, for example, quicker recombination rate and longer stability. Li-ion batteries by means of solution blending improves the recharging capacity and its performance level. Research & Development to utilize graphene nanocomposites in microbial fuels are being carried out in order to generate electricity from organic matters.

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Asian countries such as Indonesia, South-Korea, Japan, Taiwan and China and North America region are the major manufacturers and consumers of graphene nanocomposites in terms of volume. Major growth in these countries is expected from the growing electronics & electrical, packaging, automotive and electronics & semiconductor sectors. The presence of a large number of manufacturers, research institutes and universities, combined with an increased demand for graphene nanocomposites, the global graphene nanocomposites market is projected to witness an exponential growth over the forecast period.

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