Global Graphene Composites Market Report added at Market Study Report offers industry size, share, growth, trends and forecast analysis up to 2027. Graphene Composites Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Graphene Composites market and provides information regarding the revenue for the period 2021 to 2027.
Global Graphene Composites Market size to reach USD 172 million by 2027 and is valued approximately at USD 13.1 million in 2019 and is anticipated to grow with a healthy growth rate of more than 38% over the forecast period 2020-2027.
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The recent technological development in industrial application to deploy lightweight and environment sustainable materials has enabled the manufacturers to utilize graphene composites. Graphene composites are the sort of materials which are manufactured by combination of two or more materials, including graphene, which delivers exceptional attribute in end-use applications. As a result, graphene composites is considered to be an efficient choice for manufacturing of cost-efficient transparent conductive films, chemical sensors, and antibacterial materials. This is expected to provide enormous opportunities for the potential investors to pursue the market growth over the forthcoming years.
Major Graphene Composites Market player included in this report are:
- AD-Nano Technologies Pvt. Ltd.
- G6 Materials Corp.
- Haydale Graphene Industries plc
- Graphene One LLC
- Graphenano Group
- Graphmatech AB
- Gnanomat SL
- XG Sciences, Inc
- NanoXplore Inc
Moreover, the rise in research and development (R&D) activities across developed and emerging nations, growing demand for lightweight materials in industrial applications, and increasing adoption of graphene in sports & wearable devices and electric vehicles are the few factors responsible for the high CAGR of the market during the forecast period. In wearable sensing technology, graphene composites has developed as one of the most significantly used materials, owing to its exceptional properties of lightweight, ultra-high carrier mobility, robust mechanical flexibility, and better environment stability.
According to the International Data Corporation’s (IDC) Worldwide Quarterly Wearable Device Tracker, the global shipments of wearable devices were valued at almost 305.2 million units in 2019, signifying an increase of 71.4% from 2018 (approx. 178.0 million-unit shipments). This, in turn, is likely to strengthen the demand for Graphene Composites, thereby contributing to the market growth around the world. However, the high cost of graphene composites is one of the prime factors restraining the market growth over the forecast period of 2020-2027.
The regional analysis of the global Graphene Composites market size is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to the rising government initiative to opt for graphene composites, along with the wide presence of market vendors in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the growing application of graphene in automotive and aerospace sector coupled with favourable government initiatives concerning graphene composites in the developing nations, such as China and India, are the few factors creating a lucrative opportunity for the growth of the Graphene Composites market in the Asia-Pacific region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
- Polymer Based
- Metal Based
- Ceramic Based
- Sports & Wearable Goods
- Aerospace & Defense
- Building & Construction
- Energy Storage & Generation
- North America
- Asia Pacific
- Latin America
- Rest of the World
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