Graphene Composites Market Size, Share, Trends, Growth and Forecast 2030

Global Graphene Composites Market: Overview

The global Graphene Composites Market size was worth around USD 50.47 Million in 2022 and is predicted to grow to around USD 434.53 Million by 2030 with a compound annual growth rate (CAGR) of roughly 30.88% between 2023 and 2030.

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Growing demand for efficient and competitive energy resources is likely to propel market growth over the coming years. Clean & renewable energy is an affordable alternative to fossil fuel-based electricity. Its use can help curb the overdependence on fossil fuels, reduce greenhouse gas emissions & subsequently air pollution, and diversify the power supply.The increasing number of data storage centers coupled with rapidly growing competition in numerous sectors including IT and finance is expected to augment the demand over the forecast period. In addition, changing consumer lifestyle and a rising number of power outages are projected to propel utilization in the residential sector.

Graphene composites find a plethora of applications across myriad sectors owing to the beneficial properties such as light weight and excellent electric conductivity of the graphene polymer. Apart from this, graphene composites are used in medical implants and engineering materials for aerospace & renewables. Furthermore, the product also finds lucrative applications in electronics, biomedicine, wearable sensors, and actuators. 

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Global Graphene Composites Market: Growth Factors

Massive use of graphene in various industries as a result of its favorable features is anticipated to drive graphene composites market trends. Furthermore, entry of new entrepreneurs has not only made the business competitive, but has produced lucrative growth avenues for graphene composites market. In addition, supportive government policies to promote the use of the product in various sectors are anticipated to impel the expansion of graphene composites market in the years ahead. Graphene composites are also used as substitute products in energy storage systems, textiles, and construction sectors. They play a vital role in defense & aerospace sector across the globe.

However, non-availability of good production amenities in many regions along with lack of product supply is anticipated to inhibit the growth of graphene composites market in the years ahead. Nonetheless, immense product application witnessed in production of medical equipment, consumer electronics goods, and paints will proliferate the market demand in the coming years. In addition to this, graphene exfoliation has become popular across the globe and this is going to boost the graphene composites market earnings in the years to come.

Global Graphene Composites Market: Segmentation

The global graphene composites market can be divided based on product type and end-use industry. On the basis of product type, the graphene composites market can be classified into polymer-based graphene composites, metal-based graphene composites, and ceramic-based graphene composites. Based on the end-use industry, the graphene composites market is divided into automotive, energy storage & generation, electronics, aerospace, and building & construction sectors.

Global Graphene Composites Market: Regional Analysis

Based on regions, the global graphene composites market can be divided into five main regions: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. Asia Pacific graphene composites market is set to register commendable growth in the near future, subject to the massive popularity of the product in China and India. It is slated to record highest CAGR over the forthcoming years due to the growing use of energy storage & generation systems in the region as a result of rapid depletion of natural energy sources. In addition, burgeoning preference for electric cars will further spur the graphene composites market size in the region.  Currently, North America and Europe are dominating the market in terms of revenue.

Graphene Composites Market: Report Scope

Global Graphene Composites Market: Competitive Players

The key market players of the global graphene composites market include -

• Graphene 3D Lab Inc.,   
• Haydale Graphene Industries PLC
• Graphene Composites Limited (GC)
• Graphmatech AB
• Nano Graphene Inc.
• Nanochem plc
• NanoXplore Inc.
• Applied Graphene Materials plc
• Directa Plus PLC Company, XG Sciences Inc.
• PMG 3D Technologies Company Limited among others.

By Product Type:

• Polymer-based graphene composites
• Metal-based graphene composites
• Ceramic-based graphene composites

By End-use:

• Automotive
• Energy storage & generation
• Electronics
• Aerospace
• Building & construction sectors

Global Graphene Composites Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • The UK
  • France
  • Germany
• The Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.