Graphene Composites Market
Graphene composites market was valued at $13.1 million in 2019, and is projected to attain $109.4 million by 2027, rising at a CAGR of 37.5% from 2020 to 2027
OREGON, PORTLAND, UNITED STATES, October 20, 2022 /EINPresswire.com/ — Allied Market Research lately revealed a report, titled, “Graphene Composites Market by Product Type (Polymer Based, Metal Based, Ceramic Based, and Others), and Application (Sports & Wearable Goods, Aerospace & Defense, Automotive, Building & Construction, Energy Storage & Generation, and Others): Global Opportunity Analysis and Industry Forecast 2020-2027”. The international graphene composites trade was pegged at $13.1 million in 2019, and is projected to attain $109.4 million by 2027, rising at a CAGR of 37.5% from 2020 to 2027.
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Drivers, restraints, and alternatives
Rise in demand for light-weight supplies and enhance in R&D expenditure by developed and creating nations have boosted the expansion of the worldwide graphene composites market. nonetheless, excessive value of graphene-enhanced composites hinders the market progress. On the opposite, surge in graphene producers is anticipated to open profitable alternatives for the market gamers in the long run.
Major Market Players
• Ad-Nano Technologies Pvt. Ltd. (Ad-Nano Technologies)
• G6 Materials Corp (G6 supplies)
• Haydale Graphene Industries plc. (Haydale Graphene)
• Graphene Composites (GC)
• Graphene One LLC.
• Graphenano Group (Graphenano)
• XG Sciences
• NanoXplore Inc.
• Graphmatech AB (Graphmatech)
• Gnanomat
Covid-19 state of affairs:
• The COVID-19 pandemic negatively affected the automobile and building industries, which in flip, hindered the demand for graphene composites.
• The pandemic impacted the chemical trade and hampered the provision chain to a better extent, which affected the uncooked materials procurement.
• As majority of the occasion cancelled due to Covid-19 pandemic, the demand for graphene composites has decreased.
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The polymer-based phase dominated the market
By product sort, the polymer-based phase held the biggest share in 2019, accounting for almost half of the worldwide graphene composites market, due to its adoption in quite a few functions akin to automotive, aerospace, and vitality storage & technology. However, the ceramic-based phase is projected to register the very best CAGR of 38.8% throughout the forecast interval, owing to its superior mechanical power, excessive conductivity, and thermal resistance.
The automotive phase held the biggest share
By utility, the automotive phase dominated in 2019, contributing to almost one-third of the worldwide graphene composites market, due to excessive demand for light-weight autos, which consequently, surges the demand for graphene composites. However, the aerospace & protection phase is anticipated to register the very best CAGR of 38.3% throughout the forecast interval, owing to elevated contribution of creating areas akin to APAC and LAMEA in the aerospace and protection sector.
Asia-Pacific, adopted by North America, held the lion’s share
By area, the worldwide graphene composites market throughout Asia-Pacific, adopted by North America, held the biggest share in 2019, accounting for almost two-fifths of the market. The area is anticipated to showcase the very best CAGR of 38.1% throughout the forecast interval, owing to rise in client bases akin to automotive, aerospace, and building trade.
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