Market Research Report
Graphene Nanoplatelets Market Analysis By Application (Composites, Energy & Power, Conductive Inks & Coatings), By Region (North America, Europe, Asia Pacific) And Segment Forecasts, 2014 - 2025
|Published by||Grand View Research, Inc.||Product code||572903|
|Published||Content info||90 Pages
Delivery time: 1-2 business days
|Graphene Nanoplatelets Market Analysis By Application (Composites, Energy & Power, Conductive Inks & Coatings), By Region (North America, Europe, Asia Pacific) And Segment Forecasts, 2014 - 2025|
|Published: September 21, 2017||Content info: 90 Pages||
The global graphene nanoplatelets market is expected to reach USD 206.0 million by 2025, according to a report by Grand View Research, Inc. The rising demand for lightweight composite materials in numerous end-user industries is expected to propel the market growth.
The product has unique mechanical properties including high tensile strength, surface hardness, and stiffness. Layered composition of the particles imparts superior thermal and electrical properties of the product as compared to conventional carbon compounds. Furthermore, the unique platelet morphology of these nanomaterials leads to improved barrier properties. Therefore, nano-dimensional size, material composition, and thermal & electrical conductivity encourage their usage in composites, energy & power, conductive inks & coatings, and lubricants.
Enhanced toughness, scratch resistance, and abrasion resistance have fueled the usage of the product in composites. Composites based on graphene nanoplatelets are experiencing surging demand in the automotive, aerospace, and construction industries. The growing demand for advanced composite materials in several end-user industries is anticipated to propel the market growth over the forecast period.
North America held the largest share of the global market in 2016 owing to significant demand for high-performance composites and sustainable energy & power storage system. Considerable presence of various aircraft and automotive manufacturers has boosted the demand in the U.S. over the past few years. Asia Pacific is projected to witness spurring demand for graphene nanoplatelets over the forecast period. Supportive governmental policies in countries including China and India are expected to favor the market growth in Asia Pacific.
Asia Pacific is estimated to dominate the global market by 2025, surpassing North America. Prospective industrial growth in countries including China, India, and Japan are likely to attribute to the rapid growth in the Asia Pacific region.
Key players include XG Sciences, Inc.; ACS Materials LLC; CVD Equipment Corporation.; Angstron Material Inc.; and Group NanoXplore Inc. The market is fragmented in nature owing to the presence of numerous small and medium-scale producers.