Global Graphene Nanoplatelets Market size was valued at USD 11.9 million in 2016 and is anticipated to reach USD 206.0 million by 2025. Graphene nanoplatelets (GNPs) are discs of graphene constituting one to hundred thick atomic layers which have been publicized as a nanomaterial having outstanding ability. The material has proved its efficiency and has achieved momentous growth and identity within its short duration. With the rise up in the applications and requirement of the material, the market has catch up a great pace. It has offered the potentiality to influence everything starting from high-performance computing to the rust-proofing of steel. Apart from that, it also has other mechanical, electronic, and thermal properties that have led to an increased amount of research attention towards it.
However, the past view of multi-walled carbon nanotubes (MWNTs) clearly show that a patent growth along with impressive technical performance and the guarantee of commercial success are like distant poles as the push doesn’t always come with a sudden surge. The challenges like high costs, dispersion, competition from other upcoming materials and many other processing concerns have to be met. The evaluation of the market potential is as vital as weighing the functioning benefits of graphene. As the challenge of high cost and growing competition is being lined up, there is an instant need to make a distinction between two different forms of the material that are GNPs and graphene films.
It is being estimated that very soon GNPs will experience a commercial adoption in conductive, additive and mechanical applications and the market will observe a sudden expansion in 2015 as well as in the coming forecast period i.e. 2014-2025. Predicting the current scenario, the manufacturers around the world have initiated to raise their manufacturing capacity from the past few years. The major factor that has been driving the market to a top notch level is the increase in demand for graphene based composites and coating materials that are required to create structural components in aircrafts. The need for efficient, light weight, strong, and environmental friendly products is rising among the customers which have also acted as one of the significant market driver. The demand for robust weapons in defense and for strong and light weight sports equipment has also triggered the growth.
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It is considered that the Glass fiber manufacturing is a major market driver of graphene nanoplatelets. The usefulness of the material as fillers is seen in polymer matrices that has ultimately boosted the global market of graphene nanoplatelets. Besides, the products that are being made out of this material have been proved successful in safeguarding the electromagnetic interference. Electronics is the other key industry that boosts the market due to lately brought up smart phones and laptops that drag enough attention and demand from the consumers all over the world.
As per the applications, Graphene nanoplatelets can be divided as electrode materials, films and papers, coating, inks and dispersion, resistance heaters, advanced computers, electrode in batteries and capacitors, adhesives, sensors, aerospace, automobiles, medical devices, and sport equipment. The forms may include bulk powder, dispersions, and leaf. Bulk powder form is further segregated into the categories of Grade M graphene nanoplatelets, Grade H graphene nanoplatelets, and Grade C graphene nanoplatelets. Lastly, the Dispersion form segregates itself into aqueous, IPA, organic solvents, and resins.
The regions can be segregated into Asia Pacific, North America, and Europe. Among all, the Asia Pacific is the significant region as per the consumption level is concerned. Further, countries like China, Japan, Taiwan and India have also been playing their role in dominating the market. China has made significant progress by producing a number of patents on graphene nanoplatelets.
The countries of North America and Europe have been contributing in the development due to which the market is gaining huge momentum and it is expected to witness a major growth in the coming future. Major players operating in the global graphene nanoplatelets market include XG Science Inc, Group NanoXplore, Haydale, Graphenea, Ceal Tech, Vorbeck Materials, ACS Material LLC, Strem Chemicals, Inc., Cheap Tubes Inc, Bluestone Global Tech, and Angstron Materials.
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Market Segment:
Graphene Nanoplatelets Application Outlook (Volume, Kilograms; Revenue, USD Thousand; 2014 – 2025)
• Composites
• Energy & Power
• Conductive Inks & Coatings
• Others
Graphene Nanoplatelets Regional Outlook (Volume, Kilograms; Revenue, USD Thousand; 2014 – 2025)
• North America
• U.S.
• Europe
• UK
• Spain
• Asia Pacific
• China
• India
• Rest of the World
Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/advanced-materials
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