Graphene Nanoplatelets Market

Graphene Nanoplatelets Market: By Product, Form, Application, and Region

Market Synopsis:

Global Graphene Nanoplatelets market is valued at USD 58.25 Million in 2022 and is projected to reach a value of USD 797.84 Million by 2030 at a CAGR of 38.70% during the forecast period. A wide range of applications for Graphene Nanoplatelets in numerous industries including energy & power storage, coatings, medical devices, composites, and conductive inks is the key reason for market growth. Graphene Nanoplatelets are two-dimensional carbon structure material with multi or single-layer graphite plane that possesses numerous characteristics such as high electrical conductivity, high strength, high modulus, high specific surface area, and high thermal conductivity. The emergence of cutting-edge technology for product purification and production is one of the key drivers for the Graphene Nanoplatelets market growth during the forecast period.

The unique morphology and excellent mechanical strength of Graphene Nanoplatelets encouraged its usage across composites manufacturing. In addition, the features of the product such as strength, stiffness, and surface hardness has increased its use in composite fabrication. The increased demand for Graphene Nanoplatelets among different exterior components such as automotive, inks & pastes, electrostatic paintings, electromagnetic interference (EMI) shielding, and protection of electrostatic-sensitive devices (ESD) are projected to enhance the market growth in the upcoming years. Besides, the high production cost and lack of standardization in the industry are the key restraints in the growth of the Graphene Nanoplatelets market.

Market Segmentation:

M-GNPs had a Substantial share in Graphene Nanoplatelets Market

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The M-GNPs category had a substantial share in the global Graphene Nanoplatelets market in 2021. This is primarily due to the availability of average particle diameters of 5,15, or 25 microns in Grade M. In addition, Grade M has an average surface area of 120 to 150 m2 / g. Besides, the C-GNPs category is presumed to witness lucrative growth over the forecast period. This is ascribed to the delivery of this grade in high purity form and the average particle diameter of fewer than 2 microns.

Bulk Powder to Continue Dominating the Market

In 2021, the bulk powder segment had a major share in the global Graphene Nanoplatelets market in terms of value and volume. The availability of M-GNPs, C-GNPs, and H-GNPs in bulk powder form is the key reason for the segment dominance. The application of Graphene Nanoplatelets in powder form across applications is another key factor for the category growth over the forecast period.

Composites was the leader in the Graphene Nanoplatelets in 2021

The composites category has its dominance in the Graphene Nanoplatelets market in 2021 in volume and value terms. The category had a market revenue share of more than 30% in the same year. The wide application of Graphene Nanoplatelets in the fabrication of composites and the high demand for these composites in the automotive and construction industry are the key factors for the dominance of the composites category. In addition, the increased demand for high fuel efficiency and lightweight automotive vehicles is another major factor for the market growth in the coming years. Besides, energy & power category is estimated to witness the fastest growth over the forecast period. This is due to high use of Graphene Nanoplatelets in electrodes, batteries, and capacitors. The use Graphene Nanoplatelets product in the energy & power industry leads to enhance durability, increase battery capacity, and improve performance owing to which the demand for Graphene Nanoplatelets is growing in energy & power sector.

Asia Pacific Graphene Nanoplatelets Market to Grow at the Fastest CAGR

In 2021, North America had its dominance in the Graphene Nanoplatelets market with more than 30% of the market revenue and volume share in the same year. The high demand for Graphene Nanoplatelets in the aerospace as well as automotive industry and the presence of aerospace manufacturers in the region are the key factors for the North America dominance. Besides, Europe had a substantial share in value and volume terms in the Graphene Nanoplatelets market in 2021. This is owing to increased environmental sustainability and the growing demand for hybrid and electric vehicles in the region.

Moreover, Asia Pacific is presumed to witness the fastest growth during the forecast period. The growing demand for advanced materials across numerous industries such as energy, automotive, consumer electronics, aerospace, and others is the major factor for regional growth. In addition, the favourable government policies for research & development (R&D) support and increased demand for Graphene Nanoplatelets across emerging nations are other key factors for regional growth.