Graphene Nanoplatelets Market To Reach $450.8 Million By 2030

Graphene Nanoplatelets Market Growth & Trends

The global graphene nanoplatelets market size is expected to reach USD 450.8 million by 2030, at a registering a CAGR of 47.5% from 2024 to 2030, according to a report by Grand View Research, Inc. The rising demand for lightweight composite materials in numerous end-user industries is expected to propel the market growth.

The product has unique mechanical properties including high tensile strength, surface hardness, and stiffness. Layered composition of the particles imparts superior thermal and electrical properties of the product as compared to conventional carbon compounds. Furthermore, the unique platelet morphology of these nanomaterials leads to improved barrier properties. Therefore, nano-dimensional size, material composition, and thermal & electrical conductivity encourage their usage in composites, energy & power, conductive inks & coatings, and lubricants.

Enhanced toughness, scratch resistance, and abrasion resistance have fueled the usage of the product in composites. Composites based on graphene nanoplatelets are experiencing surging demand in the automotive, aerospace, and construction industries. The growing demand for advanced composite materials in several end-user industries is anticipated to propel the market growth over the forecast period.

North America held the largest share of the global market in 2016 owing to significant demand for high-performance composites and sustainable energy & power storage system. Considerable presence of various aircraft and automotive manufacturers has boosted the demand in the U.S. over the past few years. Asia Pacific is projected to witness spurring demand for graphene nanoplatelets over the forecast period. Supportive governmental policies in countries including China and India are expected to favor the market growth in Asia Pacific.

 Request a free sample copy or view report summary: Graphene Nanoplatelets Market Report

Graphene Nanoplatelets Market Report Highlights

• Advantageous features including electrical conductivity, thermal stability, and increased stiffness have encouraged the consumption of the product in various applications

• Composites application segment is expected to dominate the global market owing to significant demand in the aerospace & defense, automotive, and construction sectors

• In terms of revenue, the composites segment accounted for around 31.5% share of the global market in 2023 followed by energy & power

• Energy & power is predicted to be the fastest-growing application segment of the global market owing to increased use of graphene nanoplatelets in lithium-ion batteries, lead batteries, and ultracapacitors

• The Asia Pacific graphene nanoplatelets market dominated the global market with a revenue share of 31.5% in 2023. The region's increasing industrialization and focus on technological advancements have established a conducive environment for accepting graphene nanoplatelets.

Graphene Nanoplatelets Market Segmentation

Grand View Research has segmented the global graphene nanoplatelets market report based on application, and region:

Graphene Nanoplatelets Application Outlook (Revenue, USD Million, 2018 - 2030)

• Composites

• Energy & Power

• Conductive Inks & Coatings

• Others

Graphene Nanoplatelets Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

• Latin America

  • Brazil

List of Key Players in Graphene Nanoplatelets Market

• Global Graphene Group

• Graphene Laboratories Inc.

• NanoXplore Inc.

• CVD Equipment Corporation

• ACS Materials

• XG Sciences, Inc.

• Thomas Swan & Co. Ltd.

• Directa Plus S.p.A.

• Xiamen Knano Graphene Technology Co., Ltd.

• HAYDALE GRAPHENE INDUSTRIES PLC