Global Graphene Composites Market Share Is Likely To Reach At A CAGR Value Of Around 38.81% By 2030

20-Mar-2023 | Facts and Factors

According to Facts and Factors, the global graphene composites market size was worth around USD 14 million in 2022 and is predicted to grow to around USD 130 million by 2030 with a compound annual growth rate (CAGR) of roughly 38.81% between 2023 and 2030.

The global industry refers to the association of market players providing products and services related to materials made with the combination of graphene along with other materials. The resultant product is called graphene composite and exhibits properties that correspond to graphene and other materials. The composites are better in performance values since their properties are enhanced during the production process.

Browse the full “Graphene Composites Market Size, Share, Growth Analysis Report By Application (Aerospace & Defense, Sports & Wearable, Building & Construction, Automotive, Energy Storage & Generation, and Others), By Product Type (Metal-Based, Polymer-Based, Ceramic-Based, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030" report at https://www.fnfresearch.com/graphene-composites-market

Graphene is a 2-dimensional material consisting of a single layer made of carbon atoms that are arranged in a structure representing a hexagonal lattice. Its popularity is driven by its exceptional properties like high tensile strength, thermal conductivity, and electrical conductivity. Very few materials are available on the globe to exhibit such a rare combination of physical and thermal features. The production of graphene composites involves the addition of small graphene amounts to other materials that are part of the process and generally include materials like ceramics, metals, or polymers.

The global graphene composites market is projected to grow owing to the superior and unmatchable properties of graphene composites. The source material which is graphene exhibits rare combinations or properties as compared to traditional materials. When combined with other products like ceramics or metal, the resultant material exhibits enhanced properties. Furthermore, the growing demand for lightweight materials in the aerospace, automotive, and electrical segment could act as a crucial factor for further expansion.

Graphene composites have become a preferred choice for players operating in these segments since due to the growing demand from end-consumers companies are trying to find alternatives that allow them to manufacture lightweight structures. Moreover, the fraternity is witnessing large investments and sanction grants directed toward research, development, and innovation. A significant number of universities, government units, independent players, and other businesses are investing heavily in developing advanced graphene composites allowing them to tap into the high potential that the segment has to offer.

The global industry could face growth restrictions due to the limited scalability of graphene composites. Even though under laboratory settings, the materials exhibit tremendous potential, it is yet left to see if the material can perform as per expectation when used in large-scale applications. The products also have certain health and safety concerns that surround the use of composites over time. Since prolonged exposure may have a significant health impact. More research is needed on this subject for conclusive results.

The growing demand for energy storage may promote further growth whereas the higher need for standard policies could act as a challenge during the growth phase.

Segmental Overview:

The global graphene composites market is segmented based on application, product type, and region

Based on application, the global industry is segmented into aerospace & defense, sports & wearable, building & construction, automotive, energy storage & generation, and others.

• In 2022, the highest revenue was generated from the aerospace segment due to the large demand for materials for application purposes in the sector
• Since graphene and its composites offer a unique combination of properties that are highly suitable for the aerospace industry which is currently struggling to find alternatives that can be used to build lightweight structures, the sector is crucial for fraternity growth
• The automotive segment also registers high CAGR and is expected to grow at a rapid rate in the coming years due to growing applications encouraged by research & development along with innovation activities
• Graphene’s tensile strength is estimated to be around 130 gigapascals (GPa)

Based on product type, the global market divisions are metal-based, polymer-based, ceramic-based, and others

• Although the demand for different product-based composites depends on the final requirement, 2022 registered the highest growth in metal-based segment
• This is because it has higher applications in growing end-user verticals like electronics, automotive, aerospace, and others due to the high durability of the compound
• Metal-based products offer high-grade mechanical properties along with excellent resistance to corrosion and wear
• Polymer-based composites have high demand in healthcare, packaging where demand for lightweight material is steadily growing
• On average, graphene weighs around 0.77 milligrams per square meter (mg/m²)

Regional Overview:

Asia-Pacific is projected to witness the highest growth in the global graphene composites market due to the growing demand for materials in the growing economies of India and China. Furthermore, regions like Japan, South Korea, Singapore, and other countries have recently reported growing numbers of suppliers resulting in ease of operations.

North America is projected to emerge as a significant contributor due to growing investments in the development of enhanced and new versions of graphene composites. The US is witnessing rising investments in activities surrounding higher end-user applications of the material, especially in the aerospace industry. Europe could grow at a high CAGR driven by government initiatives toward graphene composites adoption across sectors.

Report Scope

Competitive Landscape:

The global graphene composites market is led by players like G6 Materials Corp, Haydale Graphene Industries plc, Ad-Nano Technologies Pvt. Ltd., Graphmatech AB, Graphene One LLC., NanoXplore Inc., Graphene Composites, XG Sciences, Graphenano Group, PMD 3D Technologies Company Ltd., Applied Graphene Materials, 2D Carbon Tech, Ningbo Morsh, Vorbeck, G6 Materials Corp., and others.

Recent Developments:

• In October 2022, William Blythe and Graphene Composites (GC) announced a strategic partnership in which the former will be supplying graphene oxide for the production of GC Halo which is a coating applied on air filters
• In January 2023, G6 Material Corp announced a partnership between its wholly owned subsidiary Graphene Laboratories Inc. (GLI) and MADE Advance Materials Pte Ltd., a Singapore-based firm. The collaboration will work toward developing advanced graphene/fiber-reinforced composite materials
• In December 2021, GC announced its research & development partnership with Advanced Blast & Ballistic Systems (ABBS)

The global graphene composites market is segmented as follows:

By Application

• Aerospace & Defense
• Sports & Wearable
• Building & Construction
• Automotive
• Energy Storage & Generation
• Others

By Product Type

• Metal-Based
• Polymer-Based
• Ceramic-Based
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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