18 February 2020 - Global
Graphene Nanoplatelets Market is
expected to reach USD 206.0 million by 2025. Graphene Nanoplatelets are also
termed as GNPs that comprise small stacks of graphene which can replace
nano-clays, carbon fiber, carbon nanotubes, and others mainly in composite
applications. The average thickness of platelets is 5 to 10 nanometers that can
vary in size up to 50 microns. Due to their unique morphology and size,
enhanced mechanical properties and advanced barrier properties can be achieved.
The Graphene Nanoplatelets Market is estimated to grow at a significant CAGR of
37.6% over the future period as the scope and its applications are rising
enormously across the globe.
Rising demand from energy
& power and aerospace verticals, high demand from consumers for
eco-friendly, effective, strong, and lightweight products, and rising use as a
filler in polymer matrices are documented as major factors of Graphene
Nanoplatelets industry that are estimated to enhance the growth in the years to
come.In addition, it increases thermal & electrical conductivity and
stability and reduces component mass while improving or maintaining properties
are another factor that may boost overall market growth in coming years.
Graphene Nanoplatelets Market is segmented based on applications and region.
The market may be categorized
based on applications like conductive inks & coatings, composites, energy
& power, and others could be explored in Graphene Nanoplatelets in the
coming years. composites segment accounted for the largest market share of
Graphene Nanoplatelets in terms of revenue and is estimated to lead the overall
market in the coming years. this may be because of its outstanding electrical,
mechanical, and thermal properties and is exclusively used for fabrication of
composites. Also, energy & power segment is estimated to grow at fastest
pace in the coming years.
Globally, North America
accounted for the largest market share of Graphene Nanoplatelets and is
estimated to lead the overall market in the coming years. The reason behind the
overall market growth could be presence of key manufacturers like aircraft
industries and high demand from industries like aerospace and automotive. The
United States is a major consumer of Graphene Nanoplatelets in the region.
Instead, Europe and the Asia Pacific are also estimated to have a positive
influence on the future growth.
Europe is the third largest
region with significant market share. This may be because of raised
environmental sustainability by developing hybrid and electric vehicles.
However, Asia Pacific is estimated to grow at fastest pace with the highest
CAGR in the foremost period. The aspects that may be ascribed to the growth
comprise high demand for enhanced materials in the sectors like consumer
electronics, automotive, energy storage, and aerospace. The developing
countries like China, Japan, and India are the measure consumers of Graphene
Nanoplatelets in the region.
The key players of Graphene
Nanoplatelets Market are Group NanoXplore Inc., CVD Equipment Corporation, ACS
Materials LLC, Angstron Materials Inc., and XG Sciences, Inc.These players are
concentrating on inorganic growth to sustain themselves amongst fierce
competition. As companies all over the world have to believe that alliance with
a market would permit them proportional market existence and authority to
declare the leadership position.
Market Segment:
Graphene Nanoplatelets Application Outlook (Volume, Kilograms; Revenue,
USD Thousand; 2014 - 2025)
• Composites
• Energy & Power
• Conductive Inks & Coatings
• Others
Graphene Nanoplatelets Regional Outlook (Volume, Kilograms; Revenue,
USD Thousand; 2014 - 2025)
• North America
• U.S.
• Europe
• UK
• Spain
• Asia Pacific
• China
• India
• Rest of the World
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