USD 4.3 million
Graphene Composites Market Size, Share, Growth Analysis, By Type(Polymer, ceramic, metal, and others), By Application(Aerospace, automotive, electronics, energy), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2302 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|Tables:
66
|Figures:
75
Graphene Composites Market Insights
Global Graphene Composites Market size was valued at USD 4.3 million in 2022 and is poised to grow from USD 6.03 million in 2023 to USD 90.57 million by 2031, at a CAGR of 40.3% during the forecast period (2024-2031).
The global graphene composites market showcases robust growth due to graphene's exceptional properties enhancing the mechanical, electrical, and thermal characteristics of materials. Industries like electronics, aerospace, and automotive are integrating graphene composites for lightweight, strong, and conductive products. Increased research, innovation, and investments further drive market expansion. However, challenges related to scalable production and cost-effectiveness remain.
As technology advances and manufacturing hurdles are addressed, the graphene composites market is poised to revolutionize various sectors with its remarkable attributes, fostering sustainable advancements in diverse applications.
US Graphene Composites Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
automotive
Fastest Growth
Aerospace
Growth Rate
40.3% CAGR
Global graphene composites market by region
Country Share for Asia Pacific (%)
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Graphene Composites Market Segmental Analysis
The global graphene composites market can be segmented based on type, application, and region. In terms of type, it encompasses polymer, ceramic, metal, and others. Application-wise, the segments include aerospace, automotive, electronics, energy, and more. Geographically, the market spans North America, Europe, Asia-Pacific, and the rest of the world.
Graphene Composites Market Analysis By Type
Polymer-based graphene composites have been one of the largest segments within the graphene composites market. These composites find applications in various industries, including aerospace, automotive, electronics, and more. The ability of graphene to significantly enhance the mechanical, electrical, and thermal properties of polymers makes this segment quite prominent. The fastest-growing segment could be metal-based graphene composites. These composites offer a unique combination of properties, such as improved electrical conductivity and mechanical strength, making them attractive for applications in electronics, energy storage, and advanced manufacturing.
Graphene Composites Market Analysis By Application
The electronics and electrical components segment were one of the largest segments due to the increasing demand for conductive materials in the electronics industry. Graphene's exceptional electrical conductivity makes it highly attractive for applications like conductive inks, flexible electronics, and more.
The energy storage segment, including batteries and supercapacitors, was one of the fastest-growing segments. Graphene's ability to improve energy storage capacity and charging rates addressed the growing need for more efficient energy storage solutions in various industries.
Global graphene composites market by application
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Graphene Composites Market Regional Insights
China has been one of the largest and fastest-growing markets for graphene composites. The Chinese government has invested heavily in research and development related to graphene, resulting in a growing number of graphene-related patents and commercial applications. China's strong manufacturing sector has enabled the country to integrate graphene composites into various industries, such as electronics, energy storage, and automotive. The automotive and aerospace industries have shown significant interest in graphene composites due to their potential to enhance material properties, such as strength, conductivity, and lightweight characteristics. These sectors are expected to be among the fastest-growing markets for graphene composites due to the continuous pursuit of high-performance materials.
Global graphene composites market by Region
- Largest
- Fastest
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Graphene Composites Market Dynamics
Graphene Composites Market Drivers
Demand for Lightweight Materials
- The growing demand for lightweight, strong, and conductive materials across industries like electronics, aerospace, and automotive is propelling the global graphene composites market. Graphene's exceptional properties, including high conductivity and mechanical strength, drive its integration into various applications, fostering market growth.
Graphene Composites Market Restraints
High Production Cost
- Despite its remarkable properties, the high production cost of graphene and challenges in achieving uniform dispersion within composites limit its widespread adoption. Regulatory hurdles and concerns related to health and environmental impacts also restrain the global graphene composites market's expansion.
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Graphene Composites Market Competitive Landscape
The global graphene composites market features intense competition among key players striving to capitalize on the material's exceptional properties. Leading companies like XG Sciences, Haydale Graphene Industries, and Graphenea are engaged in research, development, and commercialization of innovative graphene-based composite materials. Collaborations with academic institutions and research centers, as well as strategic partnerships with end-use industries, are common strategies. The market's growth is driven by applications in aerospace, automotive, electronics, and energy sectors. As the market evolves, companies are focused on enhancing material production scalability, cost-effectiveness, and tailoring composites for specific industry needs.
Graphene Composites Market Top Player’s Company Profiles
- Versarien plc (United Kingdom)
- Graphenea (Spain)
- Directa Plus (Italy)
- Thomas Swan & Co. Ltd. (United Kingdom)
- ZEN Graphene Solutions (Canada)
- Advanced Graphene Products (United States)
- Applied Graphene Materials (United Kingdom)
- Talga Resources (Australia)
- GrafTech International (United States)
- Graphene NanoChem (Malaysia)
- Samsung Advanced Institute of Technology (SAIT) (South Korea)
- Nanotek Instruments (United States)
- Vorbeck Materials (United States)
- Nanografen (Turkey)
- ACS Material (United States)
- Cambridge Nanosystems (United Kingdom)
- G6 Materials Corp. (Canada)
Graphene Composites Market Recent Developments
-
In December 2023, Blacklidge Emulsions, a Mississippi-based leader in asphalt technology, announced that it was developing next-generation asphalt products enhanced with graphene. The innovation is made possible through a collaboration between Blacklidge and TLC Products, Inc. out of New Jersey. The two companies are combining their respective niche expertise to further the performance, safety and sustainability of asphalt pavement throughout the U.S. and the rest of the world.
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In September 2023, Khalifa University of Science and Technology’s Research and Innovation Center for Graphene and 2D Materials (RIC2D) and Graphene Flagship Associated Member Graphmatech, Sweden, a leading company in the development of graphene-enhanced materials, announced that they had signed a memorandum of understanding (MoU), establishing a strategic framework for cooperation in advanced graphene-engineered materials and manufacturing processes.
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In April 2023, U.S-based specialty chemical company, Mito Material Solutions, announced its first ready-to-pour graphene product. In partnership with industrial coatings manufacturer Forrest Technical Coatings, Mito harnessed its patented technology platform for the production of functionalized graphene into ready-to-pour hybrid additives with chemical and physical bonding points.
Graphene Composites Key Market Trends
- The global graphene composites market is experiencing significant trends. Enhanced demand across industries like aerospace, automotive, and electronics is driven by graphene's exceptional properties, including strength and conductivity. Energy storage applications are booming due to graphene's lightweight nature and high electrical conductivity. Sustainable and eco-friendly products are gaining traction as manufacturers integrate graphene to improve material efficiency. Research into scalable production methods is intensifying, reducing production costs. Collaborations between academic institutions, research centers, and industry players are fostering innovation. As regulations focus on environmental impact, graphene composites are positioned as a vital solution for diverse high-performance applications with a promising market outlook.
Graphene Composites Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the global graphene composites market shows promising future prospects, driven by graphene's exceptional mechanical, electrical, and thermal properties. These composites offer enhanced strength, conductivity, and lightweight characteristics, finding applications across industries like aerospace, electronics, and automotive. Continuous research into scalable production methods and cost reduction is expected to facilitate wider adoption. The market's growth will hinge on advancements in material science, efficient manufacturing techniques, and expanding commercial partnerships. However, challenges regarding standardization, environmental impact, and regulatory considerations must be addressed for sustainable long-term development in this evolving sector.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 4.3 million |
| Market size value in 2031 | USD 90.57 million |
| Growth Rate | 40.3% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Graphene Composites Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Graphene Composites Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Graphene Composites Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Graphene Composites Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Graphene Composites Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Graphene Composites Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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