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CHEMICALS AND ADVANCED MATERIALS

Graphene Composites Market Segmentation by Product (Polymer-Based, Ceramic-Based, Metal-Based, and Others); and by End-Use Industry (Electronics, Building and Construction, Aerospace, Automotive, Paints, Energy Storage, and Others) – Global Demand Analysis & Opportunity Outlook 2031

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IN THE NEWS

  • November 29, 2021: G6 Materials Corp., global developer of innovative graphene-based solutions, announced the installation and use of a new pilot-scale graphene oxide reactor.

  • October 27, 2017: NanoGraphene Inc. to develop graphene-based water filtration method, as graphene has the great potential for water filtration and purification.

Global Graphene Composites Market Highlights over 2022 – 2031

The global graphene composites market is estimated to grow at a CAGR of ~40% over the forecast period, i.e., 2022 – 2031. Graphene composites are high in strength, flexibility, lightweight and conductivity. The growth of the market can be attributed to the growing application of graphene composites in end-use industries, backed by its advantages, such as, electrical and thermal conductivity, durability, flexibility, stiffness, UV resistance, weight reduction and fire resistance. Graphene composites are extensively used for manufacturing electronics, owing to their high flexibility, along with heat and electricity resistant properties. As a result, the growing demand for electronics, such as, laptops, smartphones, televisions, and others, is bound to boost the demand for graphene composites. For instance, in 2020, more than 1.3 billion smartphones were sold by smartphone vendors across the world. The market growth is further propelled by the increasing use of advanced materials to enhance the qualities of the end-use products, along with the rising trade of chemical substances.

Graphene Composites Market Graph

The market is segmented by product into polymer-based, ceramic-based, metal-based, and others, out of which, the polymer-based segment is anticipated to hold the notable share in the global graphene composites market, over the forecast period on account of higher flexibility and lighter weight of polymer-based graphene composites.CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

chemicals Graph

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favourable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labour as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Graphene Composites Market Regional Synopsis

On the basis of geographical analysis, the global graphene composites market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region witnessed or is estimated to witness noteworthy growth over the forecast period on the back of growing chemical manufacturing industry in developing countries, such as, China, India, and Japan. Moreover, the growing import and export of chemicals is further estimated to boost the regional market growth.

The market in the North America region is anticipated to gain the largest market share throughout the forecast period growing manufacturing of chemicals, along with the increasing trade of chemical substances. As per the statistics provided by the World Bank, chemicals added 16.439% value in manufacturing in the year 2017 up from 11.838% in the year 2000, in the United States.

Graphene Composites Market Share Image

The global graphene composites market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global graphene composites market includes the following segments:

By Product

  • Polymer-based
  • Ceramic based
  • Metal based 
  • Others

By End-Use Industry

  • Electronics
  • Building and Construction
  • Aerospace
  • Automotive
  • Paints
  • Energy Storage
  • Others

Growth Drivers

  • Higher Flexibility and Light Weight of Graphene Composites
  • Increasing Application of Graphene Composites for Electronics

Challenges

  • Lack of Adequate Production of Raw Materials
  • Non-Availability of Good Production Amenities

Top Featured Companies Dominating the Market

  • Haydale Graphene Industries PLC
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Graphene NanoChem Plc
  • NanoXplore Inc.
  • Applied Graphene Materials plc.
  • XG Sciences Inc.
  • Directa Plus PLC
  • Graphene Composites Limited
  • Graphmatech AB
  • Nano Graphene Inc.
  • G6 Materials Corp.

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