The Graphene Nanoplatelets Market is expected to reach 424.9 Million by 2028, growing at a CAGR of 38.9% in between 2022 to 2028. Multifunctional characteristics have promoted their usage in a number of applications including energy & power storage, composites, coatings, conductive inks, and medical devices.
- The graphene nanoplatelets segment is projected to grow at a significant CAGR. It is an advanced nanoparticle that is utilized widely in conducting inks, medical equipment, composites, coats, and energies. Increasing demand for materials that are compact in both aerospace and automotive sectors owing to top strength, rigidity, and surface roughness is likely to drive the segment revenue.
- The electronics segment held a significant market share. Owing to properties, including high electric and thermal conductivity, excellent durability, and hardness, that is essential for manufacturing smartphones and microchips.
- North America dominated the global Graphene Nanoplatelets Market in 2021. Considerable demand for composites produced from graphene nanoplatelets in the automotive and aerospace industries has propelled the demand in North America. The presence of numerous aircraft manufacturers in this region has boosted the demand for lightweight composite materials. This, in turn, has boosted the product demand in composite fabrication owing to their material strength, mechanical properties, and performance efficiency.
Some of the key players in the Graphene Nanoplatelets Market are Angstron Materials Inc, XG Sciences, Inc., ACS Materials LLC, Group NanoXplore Inc., Applied Graphene Materials plc., CVD Equipment Corporation, Strem Chemicals, Inc., XG Sciences, Inc., Xiamen Knano Graphene Technology Corporation Limited, FGV Cambridge Nanosystems Ltd., Directa Plus PLC, and Haydale Graphene Industries Inc.,
Increasing demand for materials with big tensile strength, longevity, and excellent hardness has facilitated the nanocomposites market in the past few years. Among several materials used in nanocomposites, they have emerged as the most auspicious material due to their excellent =conductive properties and mechanical strength. Excellent oxygen barrier characteristics have helped their usage in medical equipment. Large-scale manufacturing at a low price is expected to keep graphene nanoplatelets as a promising alternative for several carbon-based materials which are used in composite fabrication.
Europe held a significant share of the global market revenue. Emerging nations in Europe such as Germany, Spain, the UK, Italy, France have driven the demand in Europe. Expanded environmental sustainability has further driven the demand for hybrid and electric vehicles in the region, which in turn has driven the product demand over the recent years.
Asia Pacific market is also likely to witness significant growth in the coming years. In terms of revenue, it is likely to surpass North America in the next few years. Nations such as China, India, and Japan have exhibited increasing advanced materials demand in the aerospace, automotive, consumer electronics, energy storage, and printed electronics sectors.