Graphene Nanoplatelets Market to Grow with a CAGR of 11.86% through 2028
Increasing demand from the
energy & power and automotive & transportation sector are factors
driving the Global Graphene Nanoplatelets Market in the forecast period 2024-2028.
According to
TechSci Research report, “Graphene Nanoplatelets Market – Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2028”,
the Global Graphene Nanoplatelets Market stood at USD 93.12 million in 2022 and
is anticipated to grow with a CAGR of 11.86% in the forecast period, 2024-2028.
Graphene nanoplatelets (GNPs) stand out as visually captivating materials,
boasting an elevated aspect ratio, commendable electrical conductivity, and
robust mechanical properties. Their distinctive attributes, coupled with their
cost-effectiveness, render them particularly well-suited for advanced
nanocomposites. Given their powdered nano structure and favorable
chemo-physical characteristics, GNPs find widespread application in various
sectors. GNPs are often incorporated into polymer conductive inks, which, when
combined with flexible plastic substrates, yield enduring, high-performance
devices. These applications encompass antennas, compliant electrodes utilized
in energy-related functions, and films designed for electromagnetic
interference shielding. The drive towards energy efficiency extends to the
industrial sector, where GNPs find applications in improving the efficiency of
power generation and industrial processes.
For instance, GNPs can enhance the
performance of thermal management systems, such as heat exchangers and cooling
systems. Their excellent thermal conductivity and lightweight properties enable
the efficient dissipation of heat, contributing to the overall energy
efficiency of industrial operations. Moreover, GNPs can serve as additives in
lubricants, reducing friction and wear in mechanical systems, which ultimately
results in energy savings and extended equipment lifespan. The demand for energy
storage extends beyond conventional batteries to advanced energy storage
systems like supercapacitors. Supercapacitors, also known as ultracapacitors,
store and release energy rapidly and efficiently. GNPs, with their high surface
area and electrical conductivity, are well-suited for enhancing the performance
of supercapacitors. By enabling faster charging and discharging cycles, GNPs
contribute to the development of high-power, fast-charging energy storage
solutions. This is particularly crucial for applications such as electric
vehicles (EVs) and renewable energy integration, where quick energy delivery is
essential.
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Furthermore, the
incorporation of GNPs in coatings and paints is yet another avenue where the
building and construction sector is witnessing transformation. Graphene
nanoplatelets can improve the mechanical and barrier properties of coatings,
making them more resistant to wear, corrosion, and environmental degradation.
This, in turn, enhances the lifespan of structures and reduces the need for
frequent maintenance. Additionally, GNPs can enable the development of smart
coatings that change color or properties in response to environmental
conditions, offering both aesthetic appeal and functional benefits. The trend
towards sustainable construction practices is prompting the exploration of
novel materials with lower environmental footprints. GNPs align well with this
objective as they can be derived from renewable sources and incorporated into
eco-friendly materials. Furthermore, their unique properties allow for the
reduction of material usage while maintaining or even enhancing performance.
This resource-efficient approach resonates with the principles of circular
economy and sustainable development, guiding the building and construction
sector towards a more responsible and greener future.
The Global Graphene
Nanoplatelets Market is segmented into application, end user, regional
distribution, and company.
Based on its application,
the composites segment has emerged as the predominant market leader. Composite
materials have the capacity to enhance the properties of polymeric substances,
spanning both thermoplastics and thermosets. The introduction of graphene
nanoplatelets (GNPs) into plastics or resins imparts electrical or thermal
conductivity to these materials, making them less prone to gas permeation.
Concurrently, this infusion of GNPs elevates their mechanical characteristics,
including strength and stiffness. Consequently, there is a noticeable surge in
the demand for this product, driving substantial revenue growth in this sector.
Furthermore,
graphene nanoplatelets play a pivotal role in the formulation of conductive
inks and coatings, finding applications in various industries such as
electronics, printed electronics, and packaging. Its advantageous electrical
and thermal properties make it the preferred choice for creating inks and
coatings. Conductive inks developed with graphene nanoplatelets can be adapted
to a wide array of curing and processing methods. Consequently, manufacturers
operating in fields like printed electronics, smart labels, RFID tags, smart
packaging, and heat sinks are poised to generate substantial demand for
conductive inks and coatings in the foreseeable future.
Based on end
user, the building &
construction segment commands the highest share of revenue. The building and construction industry, a cornerstone
of global infrastructure development, is currently undergoing a substantial
transformation characterized by a strong emphasis on sustainability,
efficiency, and innovation. In this evolving landscape, graphene nanoplatelets
(GNPs) have emerged as a groundbreaking material with the potential to
revolutionize various aspects of the sector. Their exceptional properties,
including remarkable strength, thermal conductivity, and electrical
conductivity, make GNPs a highly sought-after component for addressing critical
challenges and driving progress within the building and construction domain.
Additionally, in
the field of energy conversion, GNPs are revolutionizing fuel cells and
hydrogen storage. Fuel cells, designed to generate electricity through
electrochemical reactions, can greatly benefit from the outstanding electrical
conductivity and catalytic properties of GNPs. By enhancing the efficiency of
these reactions, GNPs open the door to more efficient and environmentally
friendly energy conversion processes. Furthermore, GNPs offer a promising
solution for hydrogen storage, a potential carrier of clean energy. The
remarkable ability of graphene nanoplatelets to efficiently adsorb hydrogen
molecules holds the potential to create compact and efficient hydrogen storage
solutions, thus enabling the widespread use of hydrogen as a clean and efficient
fuel source. This innovation has the capacity to drive significant advancements
in clean energy utilization.
Based on region,
North America took center stage as the leading contender in the Global Graphene
Nanoplatelets Market. This prominence can be attributed to a substantial demand
surge for composites infused with graphene nanoplatelets within the automotive
and aerospace sectors. North America boasts numerous aircraft manufacturers,
which have significantly driven the need for lightweight composite materials,
consequently boosting the demand for products integral to composite
fabrication. This heightened demand is a direct consequence of the exceptional
strength, mechanical properties, and performance efficiency offered by these
materials.
Furthermore, the
Asia Pacific market is poised for extraordinary growth in the forthcoming
years, with strong prospects of surpassing the North American market in terms
of revenue. Countries such as Japan, China, and India are witnessing a
burgeoning appetite for advanced materials across diverse industries, including
automotive, aerospace, energy storage, consumer electronics, and printed
electronics. This upswing in demand is further fueled by the presence of a
substantial consumer base and an increasing desire for products like LCDs,
OLEDs, and smart televisions, all of which are anticipated to be key drivers of
revenue growth in the Asia-Pacific region during the forecast period.
Additionally, the region's favorable policies, which aim to bolster research
and development programs specifically targeting graphene nanoplatelets, are
expected to generate lucrative opportunities within the Asia Pacific market.
Major companies
operating in Global Graphene Nanoplatelets Market are:
- XG Sciences, Inc.
- ACS Material, LLC
- Thomas Swan &
Co. Ltd.
- Directa Plus S.p.A
- Haydale Limited
- Applied Graphene
Materials plc
- NanoXplore Inc.
- CVD Equipment
Corporation
- Strem Chemicals,
Inc.
- Global Graphene Group
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“The remarkable
electrical conductivity exhibited by graphene nanoplatelets positions them as
prime contenders for enhancing the functionality of batteries, supercapacitors,
and fuel cells. Their capacity to augment charge transport within these devices
translates into quicker charging and discharging cycles, heightened energy
density, and extended cycle life. With the increasing demand for effective and
environmentally sustainable energy solutions, graphene nanoplatelets are primed
to assume a central role in shaping the landscape of energy storage and
conversion in the future creates a lucrative opportunity in the market growth,”
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Graphene
Nanoplatelets Market By Application (Lithium-Ion Batteries, Conductive Inks and
Coatings, EMI Shielding, Additives, Others), By End User (Energy & Power,
Automotive & Transportation, Building & Construction, Others), By
Region, By Competition Forecast & Opportunities, 2018-2028F”, has
evaluated the future growth potential of Global Graphene Nanoplatelets Market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Graphene Nanoplatelets Market.
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