Graphene Nanoplatelets Market - Forecast(2024 - 2030)
Graphene Nanoplatelets Market Overview
The
Graphene Nanoplatelets Market size is forecast to reach $40.1 billion by 2026, after
growing at a CAGR of 27% during 2021-2026, owing to 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. These nanoparticles are used to develop strong concrete for
making taller buildings and bridges and abrasion-resistant cement for
warehouses and roadways. Graphene nanoplatelets (2nm-10nm) consists of stacks of
multi-layer graphene sheets in platelet morphology. The unique size and platelet
morphology of the graphene nanoplatelets makes these particles effective and improving
mechanical properties, while their pure graphitic composition makes them
excellent electrical and thermal conductors. Hence, graphene nanoplatelets used
to manufacture supercapacitor, conductive inks, and used in coating for anti-electromagnetic
interference which is expected to grow the demand for graphene nanoplatelets.
The COVID-19 pandemic
has been posing a measurable impact on the global economy and, in turn, on the
graphene nanoplatelets market. COVID-19 has caused a lot of impact on graphene
nanoparticle production, demand, and supply chain, which majorly hampering the end-use
industries which are hampering the market growth.
Report Coverage
The
report: “Graphene Nanoplatelets Market –
Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the
following segments of the Graphene Nanoplatelets Industry.
Key Takeaways
- North
America dominates the graphene nanoplatelets
market owing to the increasing demand for graphene nanoparticles in various sectors such as
consumer electronics, automotive, energy storage, and aerospace.
- Increasing adoption of graphene nanoplatelets from electrical & electronics to manufacture conductive inks, coating for anti-electromagnetic interference capability, and conductive circuits for LED back panels which are estimated to grow the market size.
- Graphene nanoparticles use in lithium-ion batteries to improving the life and charge capacity of the battery, will increase the demand for graphene nanoplatelets soon.
Figure: North America Graphene Nanoplatelets Market, 2021-2026 (US$ Billion)
Graphene Nanoplatelets Market Segment Analysis – By Grade
C-graphene nanoplatelets (C-GNPs) are expected to lead
the graphene nanoplatelets market by grade segment in 2020 because these are
used as anode materials for lithium-ion
batteries. C-GNPs particles
typically consist of aggregates of sub-micro platelets. It has a nanoparticle
diameter of fewer than two microns and a typical particle thickness of a few
nanometers which depends on the surface area. Thus, C-GNPs are suitable for
applications requiring high electrical or thermal conductivity. C-graphene nanoplatelets are used for electrically conductive inks, which increases the
demand for graphene nanoplatelets (GNPs) from the electrical & electronics
industry.
Graphene Nanoplatelets Market Segment Analysis – By Form
The powder segment held the largest share in the graphene
nanoplatelets market in 2020 as they provide excellent electrical conductivity
to all forms of graphene. The powder form is an ideal conductor of heat and
electricity. Graphene powder is also known as a wonder material due to its
nanostructural behavior. These nanoparticles are widely used in electronic
devices, along with industrial applications where electrical conduction is required
at high temperatures. Graphene nanoparticles are used in sensors which giving them
an extremely high degree of sensitivity. Due to improving printing technology,
it is used in conductive inks, which is expected to boost the demand for graphite
powder form in various industrial appliances which in turn is estimated to
increase the market size.
Graphene Nanoplatelets Market Segment Analysis – By Application
The energy industry segment dominated the graphene nanoplatelets market in 2020 and
is growing at a CAGR of 29% during 2021-2026. Graphene nanoparticles are lightweight, which helps to reduce the weight of planes.
Graphene nanoplatelets (GNPs) could dramatically
increase the lifespan of a traditional lithium-ion battery. Graphene nanoplatelets are used as a power buffer between the wind turbine and the electrical
grid. GNPs are used to make lighter, flexible, and transparent solar cells.
Indium tin oxide is also a ideal combination of electrical conductivity and
transparency needed for electrodes in solar cells but indium raw material is
limited and is becoming more expensive. Thus, the transparent graphene electrodes
could replace
indium tin oxide in solar cells in the future, to
make them cheaper and more efficient. On the other hand, products made of
graphene nanoplatelets are
fabricated to enhance the electromagnetic interference shielding effectiveness
and improved electrical conductivity. GNPs increase the conductivity of each panel by
52% compared to indium tin oxide, which is expected to grow the demand for
graphene nanoplatelets in the energy & power industry.
Graphene Nanoplatelets Market Segment Analysis – By Geography
North America dominated the graphene nanoplatelets market in 2020, with 32%, due to increasing consumption from various end use industries such as aerospace, consumer electronics, automotive, and others. In North America, aircraft manufacturers use graphene nanoplatelets for lightweight aircraft body parts. According to the U.S. Department of Commerce, Bureau of the Census, and Foreign Trade Division, the total aerospace trade exportation in the United States increased by US$ 151,06.535 billion in 2018 compared to US$ 143,14.021 billion in 2017. Asia is the second-largest consumer of graphene nanoparticles for electronics. According to the India Cellular & Electronics Association (ICEA), India had approximately 500 million smartphone users in 2019, and this number is growing steadily to reach over 800 million by 2022. Hence, increasing demand from various sectors is estimated to grow the market size.
Graphene Nanoplatelets Market Drivers
Increasing Demand from End-Use Industries
Graphene nanoplatelets are used in the manufacturing of lightweight vehicle parts with safety standards. Graphene nanoparticles are used in conductive inks, lithium-ion batteries, concrete admixtures to provide a strong bond due to various properties such as renewable, lightweight, and flexible materials, thermal conductivity, heat, and pressure-resistant. Thus, increasing end-use industries such as building and construction, aerospace, and others is estimated to grow the consumption of graphene nanoparticles. According to the International Trade Administration (ITA), the Chinese government is expected to run the production of automobiles with 35 million units by 2025. According to the India Brand Equity Foundation, the Indian aerospace & defense (A&D) market is projected to reach ~US$ 70 billion by 2030. Hence, such factors are estimated to grow the consumption of graphene nanoplatelets.
Increasing Adoption of Graphene in the Medical Sector
Graphene has been shown in the past as extremely useful for various sensors for human skin. Graphene is used to increase the sensitivity of diagnostic devices, in particular those used to monitor and treat another disease such as HIV. Graphene could be used to make better masks, gloves, and gowns. Although graphene particles are used in the treatment of cancer, muscles, and bone implants. Hence, the increasing adoption of graphene is estimated to grow the market size.
Graphene Nanoplatelets Market Challenges
High Manufacturing Cost
High manufacturing cost of graphene
nanoplatelets is one of the major restraints for the market growth. Graphene
nanoplatelet cost is linked to graphene quality. The technique of graphene nanoparticle
manufacturing is not an efficient amount for use in industry projects or
composite materials. For this reason, a lot of investment has been made into
research worldwide, to facilitate the high-level production of graphene
nanoplatelets. The high cost of graphene nanoplatelets is one of the major
obstacles to its widespread adoption for commercial applications. Thus, the
production of graphene nanoplatelets with high quality at low cost is a major
challenge for the manufacturers, which may hamper the market growth of graphene
nanoplatelets.
Graphene Nanoplatelets Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Graphene Nanoplatelets market. Major players in the Graphene Nanoplatelets Market are XG Science Inc, Group NanoXplore, Haydale, Graphenea, Ceal Tech, Vorbeck Materials, ACS Material LLC, Strem Chemicals, Inc., Cheap Tubes Inc, Bluestone Global Tech, Angstron Materials, and among others.
Research and Developments
- In August 2019, researchers from Chalmers University of Technology, Gothenburg, Sweden, developed a quantum-limited detector using graphene.
- In August 2019, researchers from King Faisal University, Saudi Arabia, reported development a hybrid nanoparticle that consisted of a Doxorubicin-loaded reduced graphene oxide that is stabilized with chitosan for feasible and viable delivery Doxorubicin photo-thermally in the treatment of prostate cancer.
- In May 2019, researchers from Pandit Deendayal Petroleum University, India, developed a new method to fabricate graphene sheets from camphor using atmospheric chemical vapor deposition.
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LIST OF TABLES
1.Global Graphene Nanoplatelets Market:Application Estimate Trend Analysis Market 2023-2030 ($M)1.1 Composite Market 2023-2030 ($M) - Global Industry Research
1.2 Energy Power Market 2023-2030 ($M) - Global Industry Research
1.3 Conductive Ink Coating Market 2023-2030 ($M) - Global Industry Research
2.Global Graphene Nanoplatelets Market:Application Estimate Trend Analysis Market 2023-2030 (Volume/Units)
2.1 Composite Market 2023-2030 (Volume/Units) - Global Industry Research
2.2 Energy Power Market 2023-2030 (Volume/Units) - Global Industry Research
2.3 Conductive Ink Coating Market 2023-2030 (Volume/Units) - Global Industry Research
3.North America Graphene Nanoplatelets Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
3.1 Composite Market 2023-2030 ($M) - Regional Industry Research
3.2 Energy Power Market 2023-2030 ($M) - Regional Industry Research
3.3 Conductive Ink Coating Market 2023-2030 ($M) - Regional Industry Research
4.South America Graphene Nanoplatelets Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
4.1 Composite Market 2023-2030 ($M) - Regional Industry Research
4.2 Energy Power Market 2023-2030 ($M) - Regional Industry Research
4.3 Conductive Ink Coating Market 2023-2030 ($M) - Regional Industry Research
5.Europe Graphene Nanoplatelets Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
5.1 Composite Market 2023-2030 ($M) - Regional Industry Research
5.2 Energy Power Market 2023-2030 ($M) - Regional Industry Research
5.3 Conductive Ink Coating Market 2023-2030 ($M) - Regional Industry Research
6.APAC Graphene Nanoplatelets Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
6.1 Composite Market 2023-2030 ($M) - Regional Industry Research
6.2 Energy Power Market 2023-2030 ($M) - Regional Industry Research
6.3 Conductive Ink Coating Market 2023-2030 ($M) - Regional Industry Research
7.MENA Graphene Nanoplatelets Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
7.1 Composite Market 2023-2030 ($M) - Regional Industry Research
7.2 Energy Power Market 2023-2030 ($M) - Regional Industry Research
7.3 Conductive Ink Coating Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Graphene Nanoplatelets Market Revenue, 2023-2030 ($M)2.Canada Graphene Nanoplatelets Market Revenue, 2023-2030 ($M)
3.Mexico Graphene Nanoplatelets Market Revenue, 2023-2030 ($M)
4.Brazil Graphene Nanoplatelets Market Revenue, 2023-2030 ($M)
5.Argentina Graphene Nanoplatelets Market Revenue, 2023-2030 ($M)
6.Peru Graphene Nanoplatelets Market Revenue, 2023-2030 ($M)
7.Colombia Graphene Nanoplatelets Market Revenue, 2023-2030 ($M)
8.Chile Graphene Nanoplatelets Market Revenue, 2023-2030 ($M)
9.Rest of South America Graphene Nanoplatelets Market Revenue, 2023-2030 ($M)
10.UK Graphene Nanoplatelets Market Revenue, 2023-2030 ($M)
11.Germany Graphene Nanoplatelets Market Revenue, 2023-2030 ($M)
12.France Graphene Nanoplatelets Market Revenue, 2023-2030 ($M)
13.Italy Graphene Nanoplatelets Market Revenue, 2023-2030 ($M)
14.Spain Graphene Nanoplatelets Market Revenue, 2023-2030 ($M)
15.Rest of Europe Graphene Nanoplatelets Market Revenue, 2023-2030 ($M)
16.China Graphene Nanoplatelets Market Revenue, 2023-2030 ($M)
17.India Graphene Nanoplatelets Market Revenue, 2023-2030 ($M)
18.Japan Graphene Nanoplatelets Market Revenue, 2023-2030 ($M)
19.South Korea Graphene Nanoplatelets Market Revenue, 2023-2030 ($M)
20.South Africa Graphene Nanoplatelets Market Revenue, 2023-2030 ($M)
21.North America Graphene Nanoplatelets By Application
22.South America Graphene Nanoplatelets By Application
23.Europe Graphene Nanoplatelets By Application
24.APAC Graphene Nanoplatelets By Application
25.MENA Graphene Nanoplatelets By Application
26.Cvd Equipment Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Angstron Material Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Xg Science Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Ac Material Llc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Group Nanoxplore Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Thomas Swan Co Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Directa Plus Plc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Graphene Laboratory Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Xiamen Knano Graphene Technology Co Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Haydale Graphene Industry Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Applied Graphene Material Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Cambridge Nanosystems Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Strem Chemicals, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)