Global Graphene Nanoplatelets Market Report and Forecast 2024-2032

Global Graphene Nanoplatelets Market Outlook

The global graphene nanoplatelets market reached a value of about USD 115.96 million in 2023. The industry is further expected to grow at a CAGR of about 37.4% in the forecast period of 2024-2032 to reach a value of around USD 2016.32 million by 2032.

North America and Asia Pacific to be Significant Regional Markets for Graphene Nanoplatelets

The Asia Pacific accounted for one of the most significant market shares in the global graphene nanoplatelets industry. Several graphene manufacturers in countries such as China, Japan, South Korea, India, and Australia are contributing to the regional market's growth. These manufacturers are focusing on research and development activities in collaborations with various research institutes and universities to develop graphene products.

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The Asia Pacific region has the most manufacturers of automobiles, energy and power, electronics, and composites, which are the primary applications for graphene nanoplatelets; these are the major applications where graphene nanoplatelets are used. The presence of major end-use industries drives the graphene nanoplatelets market in the region. Due to low costs and rising demand for electronics, China's electronics manufacturing industry is constantly developing. The market for electronic devices is expected to grow quickly as the middle-class population's disposable income rises.

North America is among the leading regions for global graphene nanoplatelets industry revenue due to several small and medium-sized businesses in the region. Considerable demand for composites produced from graphene nanoplatelets in the automotive and aerospace industries has propelled the growth in North America. The presence of numerous aircraft manufacturers in this region has boosted the demand for lightweight composite materials. In turn, this has increased the product demand in composite fabrication due to their material strength, mechanical properties, and performance efficiency.

Graphene Nanoplatelets: Market Segmentation

Graphene nanoplatelets (GNPs) are visually appealing materials with a high aspect ratio, electrical conductivity, and mechanical robustness. They are a good material for advanced nanocomposites because of their nano powder shape, appealing chemo-physical qualities, and inexpensive cost. GNPs polymer conductive inks are also functionalised with flexible plastic substrates to create long-lasting, high-performance devices such as antennas, compliant electrodes for energy applications, and electromagnetic interference shielding films.

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Based on applications, the industry can be divided into:

• Energy and Power
• Composites
• Conductive Inks and Coatings
• Others

The regional markets for graphene nanoplatelets industry can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Increasing Demand from Various End Use Industries Boosting the Market Growth

The graphene nanoplatelets industry is growing due to the increasing demand from various end-use industries such as energy, aerospace, automotive, medical devices, and the sports industry too. Graphene nanoplatelets are used in the electronic and automotive industry, owing to their excellent electrical and thermal conductivities. The unique size and platelet morphology of the graphene nanoplatelets makes the particles effective and improve mechanical properties, while their pure graphitic composition makes them excellent electrical and thermal conductors. Hence, graphene nanoplatelets are used to manufacture supercapacitors, conductive inks and used in coating for anti-electromagnetic interference is expected to grow the demand for graphene nanoplatelets. Market expansion is also aided by the flourishing construction industry.

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GNPs are also employed in reinforced plastic materials and wearable electronics because of their varied properties. Innovative techniques are being used by leading players to bind conductive nanoflakes to smart textiles under extreme mechanical stress and laundry cycles. This, combined with the growing trend of miniaturisation, is expected to affect global demand for GNP-based smart textiles and accelerate market growth. Continuous research and development activities around the globe and large-scale graphene production through renewable sources, in particular the use of value-added chemicals, are expected to give the industry enormous opportunities for growth.

Key Industry Players in the Global Graphene Nanoplatelets Market

The report gives a detailed analysis of the following key players in the global graphene nanoplatelets market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• XG Sciences, Inc.
• ACS Material, LLC
• Swan Chemical Inc.
• Directa Plus S.p.A
• Haydale Limited
• Applied Graphene Materials plc
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

Graphene Nanoplatelets Market Report Snapshots

Graphene Nanoplatelets Market Size

Graphene Nanoplatelets Market Growth

Graphene Nanoplatelets Market Regional Analysis

Graphene Nanoplatelets Companies