Global Graphene Nanocomposites Market is Anticipated to grow at a Significant Pace during the Forecast Period 2023-2030 and Cross USD 3.05 Billion by 2030

Published Date: Nov, 2023

The global graphene nanocomposites market was USD 0.34 billion in 2022 and is expected reach USD 3.05 billion by 2030 with a CAGR of 36.70% during the forecast period, i.e., 2023-2030. Graphene nanocomposites are advanced materials that incorporate graphene, a single layer of carbon atoms arranged in a hexagonal lattice, into a matrix of other materials like polymers, metals, or ceramics. This combination enhances the mechanical, thermal, and electrical properties of the resulting composite material. The demand for graphene nanocomposites is propelled by their exceptional strength, lightweight nature, high thermal conductivity, and electrical conductivity.

Several factors contribute to the increasing demand for graphene nanocomposites. The material's potential applications in industries such as electronics, aerospace, automotive, and energy storage make it highly sought after. Graphene's ability to reinforce and improve the performance of conventional materials without significantly increasing weight is a key driver. Additionally, its excellent electrical conductivity makes it attractive for applications in conductive films, sensors, and electronic devices.

However, the growth of the global graphene nanocomposites market faces several challenges including the high production cost of high-quality graphene and limiting widespread commercial adoption. Standardization issues, scalability concerns in large-scale production, and environmental considerations related to graphene manufacturing processes are additional challenges. Overcoming these hurdles requires technological advancements, cost-effective production methods, and collaborative efforts within the industry to unlock the full potential of graphene nanocomposites in various sectors.

In November 2023, Versarien PLC launched ‘Polygrene’, an innovative portfolio of graphene and nanomaterial-based thermoplastic polymer compounds, developed in collaboration with the International Institute for Nanocomposites Manufacturing at WMG, University of Warwick. Named Polygrene, the range exhibits versatility for applications in sports equipment, construction, aerospace, and automotive components. Developed since 2018, 2-DTech Ltd, Versarien's subsidiary, funded research exploring applications of Nanene graphene powders within thermoplastic systems, leading to the creation of this diverse and adaptable material.

Browse 75 market data Tables and 45 Figures spread through 226 Pages and in-depth TOC on "Graphene Nanocomposites Market, by Type (Graphene Oxide And Graphene Nano Platelets, Graphene Polymer, and Others), by End-Use Industry (Electronics, Aerospace & Defense, Automotive, Energy, and Other End-Use Industries), and by Region (North America, Europe, Asia-Pacific, Middle East and Africa, and South America) - Global Forecast to 2030

By type, graphene nano platelets (GNP) dominate the global graphene nanocomposites market.

Based on the type, the global graphene nanocomposites market is segmented into graphene oxide and graphene nano platelets, graphene polymer, and others. In 2022, graphene nano platelets (GNP) dominated the global graphene nanocomposites market due to their unique properties, including high surface area and excellent electrical conductivity. Their incorporation into various materials enhances strength, thermal conductivity, and flexibility. Examples such as GNP-reinforced polymers in automotive components and GNP-infused conductive inks for flexible electronics showcase the versatility and demand for GNP in diverse applications. The cost-effectiveness and performance benefits of GNP position it as a key driver in the widespread adoption of graphene nanocomposites.

“The Asia-Pacific (APAC) is expected to register the fastest CAGR during the forecast period in the global graphene nanocomposites market.”

The Asia-Pacific is expected to registered the highest CAGR the global graphene nanocomposites market owing to due to intensive research, robust manufacturing capabilities, and widespread industrial applications. Countries like China and South Korea are at the forefront, with companies integrating graphene nanocomposites into diverse sectors, including electronics and automotive. The region's emphasis on technological advancements, coupled with supportive government policies and strong collaboration between research institutions and industries, positions Asia-Pacific as a major contributor to the growth and innovation in the graphene nanocomposites market.

Some of the major players in the global graphene nanocomposites market include Haydale Graphene Industries, XG Sciences, NanoXplore, Graphenea, Versarien, Directa Plus, Applied Graphene Materials, Nanjing XFNANO Materials Tech, Thomas Swan & Co., AGM, Grafoid, 2D Carbon Tech, Angstron Materials, Group NanoXplore, NanoGraphene, Graphmatech, Graphenano, Global Graphene Group, Perpetuus Advanced Materials, and Talga Group.

Global Graphene Nanocomposites Market Coverage (By Value)

  • Type Insight and Forecast 2018-2030

  • Graphene Oxide

  • Graphene Nano Platelets (GNP)

  • Graphene Polymer

  • Others

  • End-use Industry Process Insight and Forecast 2018-2030

  • Electronics

  • Aerospace & Defense

  • Energy

  • Automotive

  • Other end-use industry

Geographical Segmentation

Global Graphene Nanocomposites Market by Region

  • North America

  • By Type

  • By End-use Industry

  • By Country – U.S., Canada, and Mexico

  • Europe

  • By Type

  • By End-use Industry

  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

  • Asia-Pacific (APAC)

  • By Type

  • By End-use Industry

  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

  • South America

  • By Type

  • By End-use Industry

  • By Country – Argentina, Brazil, Chile, and Rest of South America

  • Middle East and Africa

  • By Type

  • By End-use Industry

  • By Country – Saudi Arabia, U.A.E, South Africa, and Rest of Middle East and Africa