Graphene Nanocomposites Industry Size, Share, Demand & Growth

• Posted by francis greene July 30, 2024 Filed in Business #Graphene Nanocomposites  26 views
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  The global graphene nanocomposites market is estimated to have a year-on-year growth with a 37.0% growth rate in 2022, surpassing a valuation of US$ 2,796.7 Million by 2031. An opulent CAGR of 32.5% is projected to drive sales throughout the forecast period of 2021-2031.

  Future Market Insights presents a half-yearly growth comparison between previous projections and the current estimations. Owing to an array of industrial and innovation factors including research and development expenditure, and nanotechnology sector commercialization, advancement in the industrial sector is estimated to boost the growth outlook of the market.

  The applications of graphene nanocomposites are multipurpose and used in diverse industries including medical, biomedical and energy storage segments. As per the FMI analysis sales in the graphene nanocomposites market represented 4.5% of the global nanocomposites market in 2020.

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  Key Takeaways

  • The rising demand for graphene oxide for diverse applications in medical and biotechnology for cancer biological therapy, cellular imaging and drug delivery are anticipated to push sales in the market.
  • Owing to the growing demand in electronics, optics, medicine and biotechnology for cellular imaging, cancer therapy and drug delivery, sales prospects of graphene nanocomposites continue to bolster during the projected years.
  • The primary reasons attributing to the increment in the growth rate incorporates substantial demand for semiconductors, higher demand for electronic items, an adaptation of nanotechnology in healthcare and other end-use industries, etc.
  • A reasonable increase in the sales of graphene nanoplatelets is witnessed due to the enhanced properties of polymeric materials. Backed by such attributes continues to accelerate market expansion over the projection period.
  • In order to be in charge, graphene nanocomposites have proved to be effective owing to their significant surface area, high stability, strong charge carrier mobility, and high conductivity.
  • Countries like the US, China and South Korea are contributing significantly to driving sales of graphene nanocomposites with an impressive CAGR of 30.5% between 2018 and 2020. These countries are estimated to contribute to the market sales throughout the forecast period.

  Competitive Landscape

  Versarien Plc, Haydale Graphene Industries Plc, Graphenea S.A, Applied Graphene Materials PLC, Taiwan Graphene Co., Ltd., Ningbo Moxi Technology Co., Ltd, Graphene Tech, S.L., XG Sciences Inc., NanoXplore, Inc, Directa Plus Plc, Aztrong Inc. are some of the key companies profiled in the full version of the report.

  About the Chemicals and Materials Division at Future Market Insights (FMI)

  The chemicals and materials division of Future Market Insights (FMI) offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and renewable technology developments, and supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing — ‘The Way Forward’.

  About Future Market Insights (FMI)

  Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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