Dublin, Sept. 20, 2023 (GLOBE NEWSWIRE) -- The "Graphene Composites Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global graphene composites market has experienced substantial growth, with a market size reaching US$ 21.0 Billion in 2022. Looking ahead, experts anticipate continued expansion, projecting the market to reach US$ 102.0 Billion by 2028, reflecting an impressive Compound Annual Growth Rate (CAGR) of 30.14% during the period from 2022 to 2028.
Graphene composites offer a plethora of advantages, including dimensional stability at high temperatures, enhanced thermal and electrical conductivity, lightweight properties, and improved resistance to UV radiation and fire. Consequently, these composites have found widespread adoption across diverse sectors, including aerospace, defense, construction, automotive, and energy storage and generation.
The increasing utilization of graphene composites in the aviation and aeronautical sectors, aimed at developing fuel-efficient and lightweight aircraft structures, stands as a primary driver of global market growth. Additionally, heightened awareness among consumers regarding the exceptional electrical conductivity of graphene composites, enabling the creation of efficient de-icing systems for aircraft, further fuels market expansion.
Graphene composites are instrumental in producing smart aerospace structures that exhibit low moisture absorption and exceptional damage resistance. Furthermore, the growing applications of graphene composites in energy storage systems, electrochemical sensors, and semiconductors, owing to their superior thermal conductivity, enhanced durability, and robust mechanical stiffness, contribute to increased product demand.
The surging popularity of electric vehicles has also led to the utilization of graphene composites, aiming to enhance energy capacity and reduce the overall weight of rechargeable batteries. Moreover, the substantial growth witnessed in the consumer electronics sector, coupled with the increasing penetration of wearable devices, positively impacts the demand for graphene composites.
In the forthcoming years, the expanding use of graphene composites in the biotechnology sector, particularly for cellular imaging, drug delivery, and cancer treatment, is expected to further boost the global market's growth prospects.
Key Questions Answered in This Report:
- How has the global graphene composites market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global graphene composites market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global graphene composites market and who are the key players?
- What is the degree of competition in the industry?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 142 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $21 Billion |
| Forecasted Market Value (USD) by 2028 | $102 Billion |
| Compound Annual Growth Rate | 30.1% |
| Regions Covered | Global |
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players
- AdNano Technologies Pvt Ltd.
- Applied Graphene Materials plc
- BGT Materials Limited
- First Graphene Limited
- G6 Materials Corp.
- GC Technologies Ltd.
- Graphene One LLC
- Graphmatech AB
- Haydale Graphene Industries plc
- NanoXplore Inc.
- The Sixth Element (Changzhou) Materials Technology Co. Ltd
- XG Sciences Inc.
Key Market Segmentation:
Breakup by Product Type:
- Polymer Based
- Metal Based
- Ceramic Based
- Others
Breakup by Application:
- Sport and Wearable Goods
- Aerospace and Defense
- Automotive
- Building and Construction
- Energy Storage and Generation
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
For more information about this report visit https://www.researchandmarkets.com/r/h1468a
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