Industry Outlook and Trend Analysis
The Graphene Nanoplatelets Market was worth USD 6.34 million in 2014 and is expected to reach approximately USD 111.61 million by 2023, while registering itself at a compound annual growth rate (CAGR) of 37.53% during the forecast period. Graphene nanoplatelets are progressed nanoparticles based on carbon with a one of a kind morphology. Multifunctional properties have supported their use in an extensive variety of applications including energy & power storage, coatings, composites, conductive inks, and medical devices. The market is yet to be totally commercialized. Many research and development exercises have been performed in the previous couple of years to popularize the large-scale production. The rise of cutting-edge technology for creation and product filtration is anticipated to produce significant opportunity in the market.
Application outlook and Trend Analysis
Composites were the biggest application section of the worldwide market, representing 31.2% share of the market income in 2016. The product is broadly used in the creation of composites. Excellent electrical, mechanical, and thermal properties have promoted their use in composites. Composites in light of graphene nanoplatelets are seeing critical demand in the construction and automotive businesses. The developing demand for automotive with lessened weight and high fuel effectiveness is anticipated to support the product usage over the figure time frame.
Regional Outlook and Trend Analysis
North America ruled the general business, representing 34.7% of worldwide graphene nanoplatelets market income in 2016. Extensive demand for composites created from graphene nanoplatelets in the aerospace and automotive ventures have impelled the request in North America. The existence of various air ship producers in this locale has helped the interest for lightweight composite materials. Europe held the third-biggest share of the worldwide business income in 2016.
The major players in the market are CVD Equipment Corporation, Directa Plus, Xiamen Knano Graphene Technology Co Ltd, Graphene Laboratories Inc, XG Sciences Inc, Applied Graphene Material, Global Graphene Group and NanoXplore. The organizations are involved in the supply and distribution services to small and medium businesses, which boosts the competition. Various organizations are involved in research & development activities to enhance the quality of product and widen application.
The Graphene Nanoplatelets Market is segmented as follows-
Conductive Inks & Coatings
Energy & Power
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?