The new report by Expert Market Research titled, ‘Global Graphene Nanoplatelets Market Size, Share, Price, Trends, Growth, Analysis, Report and Forecast 2023-2028’, gives an in-depth analysis of the global graphene nanoplatelets market, assessing the market based on its segments like application and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
Forecast CAGR (2023-2028): 37.2%
In recent years, the nanocomposites market has been driven by the rising need for materials with high tensile strength, exceptional hardness, and durability. Due to its high mechanical strength and electrical conductivity, graphene nanoplatelets have emerged as the most promising material employed in nanocomposites. Their use in medical devices has been prompted by their high oxygen barrier characteristics.
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Graphene nanoplatelets are likely to serve as a viable substitute for other carbon-based materials utilized in composite construction if they can be mass-produced at a cheaper cost. Consequently, strong increase in the nanocomposite industry coupled with the product’s availability at a price that is economically viable are anticipated to fuel market expansion over the next few years.
Industry Definition and Major Segments
Graphene nanoplatelets consist of stacks of one or more graphene sheets with a platelet-like shape. Graphene nanoplatelets are typically generated by carbon nanotube manufacturers via epitaxial growth or chemical vapor deposition. At lower loading levels, the platelet shape of graphene nanoplatelets gives a lower thermal contact resistance.
Graphene nanoplatelets range in size from 10 to 50 nanometers. The graphene nanoplatelets’ high aspect ratio makes it an indispensable material for a variety of applications. Graphene nanoplatelets are great at providing superior barrier characteristics as well as excellent electrical and thermal conductivity.
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On the basis of application, the market is bifurcated into:
• Energy and Power
• Composites
• Conductive Inks and Coatings
• Others
By region, the industry is categorized into:
• North America
• Europe
• The Asia Pacific
• Latin America
• The Middle East and Africa
Market Trends
On the basis of application, the composites market segment held the biggest revenue share. Composites can be utilized to improve the qualities of thermoplastic and thermoset polymeric materials. GNPs make polymers or resins electrically or thermally conductive and gas-impermeable, while concurrently enhancing their mechanical qualities such as strength and stiffness. This is resulting in robust product demand, which is fueling this segment’s revenue growth.
Due to the superior mechanical properties of graphene, GNPs, and single-layer graphene, it has proven feasible to create sophisticated plastic-based structural materials. Two-dimensional carbon-based materials are particularly promising and valuable for wind turbine designs of the next generation, aviation structural components, lightweight automotive components, anti-corrosion coatings, concrete, and sporting goods. In addition, GNPs have proven to be an effective reinforcement for ion epoxy materials; hence, they are finding use in the fiber composite industry.
Companies are investing and focusing on delivering GNPs for various applications, with a particular emphasis on research to generate cost-effective and high-quality goods for grabbing a significant portion of the nano-tube market. Research and development plays a significant influence in lowering overall product prices, hence increasing demand. Increasing demand from industries such as automotive, aerospace, energy, and consumer electronics is driving the APAC graphene nanoplatelets market’s revenue growth.
The presence of a robust and expanding consumer electronics industry in Asia-Pacific is an additional significant element that is anticipated to increase product demand. During the projected period, the presence of a wide consumer base and increased demand for LCD, OLED, and smart televisions is anticipated to fuel revenue growth in Asia-Pacific.
Key Market Players
The major players in the market are XG Sciences, Inc., ACS Material, LLC, Swan Chemical Inc., Directa Plus S.p.A, Haydale Limited, Applied Graphene Materials plc, among others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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