Graphene Nanocomposites Market to Expand at 32.5% through 2031 amid Rising Application in Electronics Industry

The global graphene nanocomposites market value worth US$ 167.5 Mn in 2021. Increasing application in the electronics sector for devices and semiconductors is expected to propel sales at 32.5% CAGR, with the market valuation reaching US$ 2,796.7 Mn in 2031.

Rising demand for graphene nanocomposites for applications in medicine, water treatment, research, aerospace, polymer composites, electronics and optics is boosting sales in the market. Besides this, increasing adoption of innovative techniques to commercialize graphene nanocomposites is also boding well for the market.

Consumer preference for graphene oxide for various end uses like cellular imaging, drug delivery, and cancer treatment, is creating lucrative growth prospects for graphene nanocomposites market players.

As per FMI’s regional analysis, the U.S. is anticipated to dominate the global graphene nanocomposites market. Growth can be attributed to the presence of leading players such as Angstron Materials, Inc., along with the country being a top player in medical research and the bio-medical sector.

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“Increasing demand for graphene oxide nanocomposites in the paints & coatings industry, along with expansion of the electronics sector in emerging economies will continue pushing sales in the market over the assessment period,” says the FMI analyst.

Key Takeaways:

By product type, sales in the graphene oxide segment are expected to increase at a 31.3% CAGR over the forecast period.

Demand for graphene nanocomposites in the electronics industry is anticipated to create an incremental opportunity of US$ 597.7 Mn over the assessment period.

The U.S. is anticipated to hold a dominant share of 87.2% of the North America graphene nanocomposites market by 2031.

China will emerge as a lucrative market, creating an incremental opportunity of US$ 623.8 Mn in 2031.

Germany is projected to account for 22.0% of the Europe graphene nanocomposites market share in 2031.

South Korea and Russia will hold 10.3% and 4.1% of the global graphene nanocomposites market share respectively in 2021.

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Competitive Landscape

Versarien Plc, Haydale Graphene Industries Plc, Graphenea S.A, XG Sciences Inc., Applied Graphene Materials PLC, Taiwan Graphene Co., Ltd., and others are some players operating in the graphene nanocomposites market profiled by FMI.

Leading players operating in the graphene nanocomposites market are investing in strategic business agreements for commercialization of graphene and are focusing on incorporation of proprietary and green technology for graphene production. Apart from this, players are focusing on research and development to explore new application areas of graphene nanocomposites that can serve more end uses to gain a competitive edge. For instance:

In March 2021, First Graphene Ltd collaborated with Gerdau S.A. to develop the market for PureGRAPH graphene products, which are graphene platelets that enhance the performance of cement composites, in the Americas.

More Insights into the Graphene Nanocomposites Market Report

In its latest report, FMI offers an unbiased analysis of the global graphene nanocomposites market, providing historical data for the period of 2018-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product type (graphene oxide and graphene nano platelets), and application (electronics, energy storage, automotive and aerospace, polymer composites, medical and bio-medical, water treatment, and research and development) across four regions (North America, Europe, East Asia, and Rest of World).

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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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