Theglobal graphenecomposites market depicts a consolidated and competitivelandscape, thanks to a rise of large players who hold a significant share.Graphene composites are witnessing a rising demand in high-end industryapplications, reports Transparency Market Research (TMR). This is expected tosmoothen entry of new players in the market as innovation in on the rise in thegrapheme composites market, adds TMR. Additionally, key players in the marketare also witnessing higher profit margins due to new applications. Some of thekey players in the global graphene composites market are Graphene NanoXploreInc., Graphene Industries PLC, Applied Graphene Materials p, and Nanochem plc.
Thanks to alarge number of growing applications, the global graphene composites marketplayers offer products for various uses and sectors. These include electronics,semiconductors, energy, optoelectronics, composites, aerospace and defense,inks, coatings, and automotive. The graphene composites market is witnessing amulti-fold rise in output, thanks to growing demand. According to a report byAmerican Chemical Society, its output has increased by over 5 times during2010-2017. Manufacturing in Asia Pacific region, mainly in India andChina is playing a major role in the increase in output. Despite joining the racequite late, graphene composites market players in China have registered over60% patents since 2010.
Accordingto a new TMR report, the graphene composites market is expected to register a40% CAGR during 2017 and 2026. The market evaluation stood at US$ 6.3 mn in2017. It is expected to register a mind-boggling growth during the forecastperiod, thanks to rising demand from the electronics industry. Asia Pacificregion is expected to gross the highest share of the total revenues during theforecast period.
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InnovationContinue to Drive Growth in the Graphene Composites Market
Thegraphene composites market is benefitted by increased influx of government andprivate funding in research and development. The increased focus on researchand development is leading to significant benefits for the players in thegraphene composites market. For example, recently Linglong Tire, and BeijingUniversity of Chemical Technology collaborated to create graphene rubbercomposites for tires. According to the company report, the tires are expectedto be extremely fuel-efficient and are likely to qualify for A grade in fuelefficiency under EU labeling protocol.
Similarbreakthroughs are also being seen in other industries such as chemical vapordeposition (CVD). It is used in the application of copper and nickelsubstrates. Graphene makes copper as much as 500 times stronger and nickel by180 times. Growing research in the field is making way towards lighter and farstronger end-products. This is expected to drive significant growth for thegraphene composites market as lighter airplanes in the aviation sector canresult in significant fuel-savings for end-users.
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Demandin Automotive to Propel the Graphene Composites Market
Globaldemand for vehicles is rising at a robust pace. Growing demand in emergingcountries is expected to fuel this demand further. Additionally, some graphenecomposites are known to possess excellent mechanical reinforcement properties,especially useful in vehicle manufacturing. For example, recently Fordintroduced a small tweak in its manufacturing technique with a use of 0.5%graphene. This small improvement is expected to result in substantial increasein heat endurance, and reduction in noise. Additionally, graphene compositesmarket players are focusing on futuristic opportunities such as building ofextremely strong military vehicles. Graphene is known to be far stronger thanSteel, sometimes by 200 times. Additionally, graphene based-tired are alreadymaking their mark by boosting performance, fuel efficiency, wet grip, anddurability.
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