Fior Markets launched a study titled “Graphene Nanocomposites Market by Type (Oxide, Polymer, Nano Platelets, Others), Application, Industry (Coatings, Electronics, Automotive, Others),Region” and Global Forecast 2019-2026.
The global graphene nanocomposites market is expected to grow from USD 50.24 million in 2018 to USD 782.11 million by 2026 at a CAGR of 24.67% during the forecast period from 2019-2026. Increasing demand for graphene nanocomposites, remarkable characteristic properties, and helpful in simplifying the next generation of technologies in various industries are the dynamics driving the demand of the market.
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Biosensors segmentheld highest market size around USD 14.71 million in 2018
Application segment is divided into electro catalysts, high performance materials, biosensors, biomedical materials, and others. The biosensorssegment accounted highest market share of 29.27% in 2018 owing to the robust formation of graphene nanocomposites.
Graphene oxide segment registered highest market share of 34.34%in 2018 and is anticipated to dominate market in forecast period
Type segment include graphene oxide, graphene polymer, graphene nano platelets, and others. The graphene oxide segment registered highest market share of 34.34% in 2018 and is anticipated to dominate market in forecast period due to their low price range and increasing demand from the electronics, medical, and polymer composites industries.
Medical & bio-medical segment is anticipated to grow with highest CAGR 25.14% during the forecast period
Industry segment is categorized into coatings & printing inks, building & construction, electronics, automotive& aerospace, medical & bio-medical, and others. The medical & bio-medical segment is anticipated to grow with highest CAGR 25.14% during the forecast period owing to the demand from the biomedical applications and increasing use in drug & gene delivery, bio-imaging and nanomedicine.
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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. Asia Pacific region dominated theglobal Graphene Nanocomposites market with market share of 38.67% in 2018.Asia Pacific region dominates the market with highest market size due to the increasing research initiatives & exploration of new application, commercialization of graphene production, and growth of electrical & electronics industry in emerging economies.
The major players of market include are Haydale Graphene Industries Plc, XG ScienceInc., Applied Graphene Materials plc, Cheap Tube Inc, Xiamen Knano Graphene Technology Co., Ltd., Nanolntegris Inc., Suzhou Graphene Nanotechnology Co. Ltd., Talga Resources Ltd,Versarienplc, Graphenea, Garmor, ACSMaterial, CheapTubes, BGT Materials, Allightec, LeaderNano, Nanoinnova, and others. For instance, in 2018, VersarienPlcentered into an agreement with Luxus Ltd. for the development of graphene-enhanced polymers and recycled polymers.
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