Graphene Composites Market Size, Trends and Insights By Product Type (Polymer Based, Metal Based, Ceramic Based, Others), By End-user (Sport & Wearable Goods, Aerospace & Defense, Automotive, Building & Construction, Energy Storage & Generation, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Ad-Nano Technologies Pvt. Ltd.
- (Ad-Nano Technologies)
- G6 Materials Corp (G6 materials)
- Others
Reports Description
According to Custom Market Insights (CMI), The Global Graphene Composites Market size was estimated at USD 13.89 million in 2021 and is expected to reach USD 22.21 million in 2022 and is expected to hit around USD 112.1 million by 2030, poised to grow at a compound annual growth rate (CAGR) of 38.8% from 2022 to 2030.
Graphene composites are nanostructured materials made from a single layer of flat sheet carbon atoms and polymers. It has good mechanical strength, conductivity, flexibility, and resistivity toward flame, chemicals, corrosion, etc. As a result, it has various applications in end-use industries such as automotive, sportswear, building and construction, electrical, aerospace, and many others.
The global graphene composites market is evolving, and companies are now focusing more on strengthening and consolidating R&D activities, thereby increasing the production capacity of graphene composites thus, driving the market growth by catering to the need for graphene composites in above mentioned end-use industries.
Growth Factors
The growing use of graphene composites in the automotive and aerospace sectors will aid market growth. Due to its good features, the massive use of graphene composites in various end-use industries is anticipated to drive demand for them during the forecast period.
The demand for graphene composites proliferates in automotive and aerospace due to their high strength, lightweight, good electric conductivity, and many others. Furthermore,
Advanced materials, including Graphene and its composites, are considered essential for reducing the fuel consumption of automobiles without loss of performance and safety. This is projected to propel the growth of the graphene composites market in the automotive industry.
Moreover, factors such as the rise in population across the globe, rising infrastructure activity, increasing urbanization, industrialization, and others propelling the construction sector where graphene composites are used as a coating and protecting layer make the construction firm durable with the use of less concrete and reducing greenhouse gas emissions.
The graphene composites market has witnessed significant growth owing to the construction industry’s increased demand for paint and coatings. Together, these factors are projected to create remunerative opportunities for future graphene composites market expansion.
Graphene composites market segmentation.
Graphene composites Market, segmented by Product Type
Depending upon the product type, the graphene composites market is segmented into polymer-based, metal-based, ceramic-based, and others.
The polymer-based product type segment dominated the market in 2021 and is expected to grow over the forecast period. The addition of Graphene into polymer makes the material superior, mechanically robust, and thermal and electrically conductive, extensively used in gasoline tanks, plastic containers, sportswear, and many others. In addition, government investment and initiation in aerospace, building and construction, and the automotive sector have enhanced the growth of polymer-based graphene composites. This is anticipated to increase the demand for graphene composites in the market.
Furthermore, the ceramic-based product type graphene composites segment is expected to show a significant growth rate during the forecast period. An excellent source of heat resistance, graphene ceramic composites are used in the aerospace industry in aircraft assembly as a heat shield. This is anticipated to enhance the demand for graphene composites in the aerospace industry, thus, creating remunerative opportunities for the market.
Graphene composites Market, a segment based on the Application
Based on Application, the global graphene composites market is studied across sports & wearable goods, aerospace & defense, automotive, building & construction, energy storage and generation, and others. It is expected that the global automotive industry segment to hold a dominant position during 2022 -2031.
The graphene composites are used in combustion engines of vehicles as sensors, such as gas sensors that can be used to monitor air inlets and exhaust for improved engine operation, as well as in thermoelectric elements that can recover waste heat from the motor, which the demand for graphene composites is increasing by the growth of the automotive sector. For instance, according to a report published by for India Brand Equity Foundation in July 2022, India’s annual production of automobiles in FY22 was 22.93 million. These factors are expected to enhance the demand for the graphene composites market.
Furthermore, the aerospace segment is expected to create the most lucrative end-use industry for the graphene composites market. The factors such as the growing population across the globe, rise in several import and export trade activities, and government initiation & investment in the aerospace industry are significantly booming the overall growth of the graphene composites used. Graphene is already being used to create lighter, impact-resistant aircraft, and helicopter structures.
Another segment, such as the electric, industrial, building and construction sectors, shows positive growth during the forecast period due to the growing demand for graphene composites.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 13.89 Million |
| Projected Market Size in 2030 | USD 112.1 Million |
| CAGR Growth Rate | 38.8% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | Ad-Nano Technologies Pvt. Ltd., (Ad-Nano Technologies), G6 Materials Corp (G6 materials), Haydale Graphene Industries plc, (Haydale Graphene), Graphene Composites (GC), Graphene One LLC., Graphenano Group (Graphenano), XG Sciences, NanoXplore Inc., Graphmatech AB (Graphmatech), Gnanomat., and Others |
| Key Segment | By Product Type, End-user, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfill your requirements for research. |
Regional Insights
Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Asia-Pacific is the dominant region in the graphene composites market. This region is also anticipated to maintain its dominance throughout the forecast period. Countries such as China, Japan, India, and others have significantly contributed to the graphene composites market growth in the region. Critical factors for the growing automotive, electric vehicle, building and construction, aerospace, and other end-use industry has surged the demand for triclosan. Furthermore, the Indian automobile industry contributes almost 6.4% of India’s GDP and 35% of the manufacturing GDP.
It is leading employers to provide where graphene composites are used extensively in the automobile sector as a substitute over metals, providing additional benefits such as increased strength and drastically reduced weight of vehicles, allowing better fuel efficiency and handling. These factors together increase the usage of graphene composites in the growing automotive industry.
There is a tremendous surge in graphene research and development in China and other Asia-Pacific nations. Several factors, including favorable government policies and financing, have contributed to the rise in R&D. numerous nations are attempting to expand their research and innovation attempts to enhance the production technology of Graphene and its derivatives.
In addition, countries such as Japan and Taiwan constantly expand their electrical & automation manufacturing output. As a result, graphene composites are widely employed in various electrical & electronic products as it helps in the quick and efficient bioelectric sensory device. For instance, according to a report published by Hennessy Funds, Japan accounts for around 30% market for supplying factory automation products in the world. These factors are escalating the demand for graphene composites in the Asia-Pacific region.
The Europe and North America region has shown positive growth in the graphene composite market owing to a rise in government support; R&D activities on graphene composites have spurred the market growth. In addition, the population and demand for automobiles and electric vehicles in North America and the European region have enhanced the overall demand for graphene composites.
Key Players
- Ad-Nano Technologies Pvt. Ltd.
- (Ad-Nano Technologies)
- G6 Materials Corp (G6 materials)
- Haydale Graphene Industries plc
- (Haydale Graphene)
- Graphene Composites (GC)
- Graphene One LLC.
- Graphene Group (Graphenano)
- XG Sciences
- NanoXplore Inc.
- Graphmatech AB (Graphmatech)
Recent Developments
- In 2022, G6 Materials Corp announced the launch of a redesigned website for Graphene-Supermarket.com.
- In 2022, Graphene Composites signed an agreement with NASA to license one of their patented nano-material products in the research & development programs.
- In 2022, Graphene Composites invented a unique coating for air fillers called GC Haloä that destroys viruses and bacteria on contact.
COVID-19 Analysis
The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused considerable losses to lives and the economy around the globe.
The graphene composites market has had little impact due to the COVID-19 pandemic; owing to the rise in cases of COVID-19, implementation of emergency protocols and shutdown of various operations and facilities have been observed during 2020.
Due to the spread of the coronavirus pandemic, the manufacturer has faced challenges in terms of operation and supply chain due to government restrictions during the lockdown.
However, the graphene composites market faced several difficulties with material supply chain disruptions, and labor shortages, in 2020.
Furthermore, to control the surge of novel coronavirus cases, there is a drastic shift of investments from other sectors toward the cosmetics sector. Also, several graphene composites-based product manufacturing companies have shut down or shrunk their operations due to the risk of infection among the workforce.
This has temporarily hampered the demand and supply chain of the graphene composites market. In addition, the falling income of customers has led contraction in demand for glasses, refractory materials, and others during the COVID-19 period.
In the first quarter of 2021, the market for graphene composites experienced an increase in the demand for graphene composites chemicals in pharmaceutical, healthcare, and other end-use industry worldwide, compared to 2020.
Segments covered in the report
By Product Type
- Polymer Based
- Metal Based
- Ceramic Based
- Others
By End-user
- Sport & Wearable Goods
- Aerospace & Defense
- Automotive
- Building & Construction
- Energy Storage & Generation
- Others
On the basis of Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Graphene Composites Market, (2022 – 2030) (USD Million)
- 2.2 Global Graphene Composites Market: snapshot
- Chapter 3. Global Graphene Composites Market – Industry Analysis
- 3.1 Graphene Composites Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Use Of Graphene Composites In The Automotive And Aerospace Sectors
- 3.2.2 High Strength
- 3.2.3 Lightweight
- 3.2.4 Good Electric Conductivity
- 3.2.5 Reducing The Fuel Consumption Of Automobiles
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Product Type
- 3.7.2 Market attractiveness analysis By End-user
- Chapter 4. Global Graphene Composites Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Graphene Composites Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Graphene Composites Market – Product Type Analysis
- 5.1 Global Graphene Composites Market overview: By Product Type
- 5.1.1 Global Graphene Composites Market share, By Product Type, 2021 and 2030
- 5.2 Polymer Based
- 5.2.1 Global Graphene Composites Market by Polymer Based, 2022 – 2030 (USD Million)
- 5.3 Metal Based
- 5.3.1 Global Graphene Composites Market by Metal Based, 2022 – 2030 (USD Million)
- 5.4 Ceramic Based
- 5.4.1 Global Graphene Composites Market by Ceramic Based, 2022 – 2030 (USD Million)
- 5.1 Global Graphene Composites Market overview: By Product Type
- Chapter 6. Global Graphene Composites Market – End-user Analysis
- 6.1 Global Graphene Composites Market overview: By End-user
- 6.1.1 Global Graphene Composites Market share, By End-user, 2021 and 2030
- 6.2 Sport & Wearable Goods
- 6.2.1 Global Graphene Composites Market by Sport & Wearable Goods, 2022 – 2030 (USD Million)
- 6.3 Aerospace & Defense
- 6.3.1 Global Graphene Composites Market by Aerospace & Defense, 2022 – 2030 (USD Million)
- 6.4 Automotive
- 6.4.1 Global Graphene Composites Market by Automotive, 2022 – 2030 (USD Million)
- 6.5 Building & Construction
- 6.5.1 Global Graphene Composites Market by Building & Construction, 2022 – 2030 (USD Million)
- 6.6 Energy Storage & Generation
- 6.6.1 Global Graphene Composites Market by Energy Storage & Generation, 2022 – 2030 (USD Million)
- 6.1 Global Graphene Composites Market overview: By End-user
- Chapter 7. Graphene Composites Market – Regional Analysis
- 7.1 Global Graphene Composites Market Regional Overview
- 7.2 Global Graphene Composites Market Share, by Region, 2021 & 2030 (USD Million)
- 7.3. North America
- 7.3.1 North America Graphene Composites Market, 2022 – 2030 (USD Million)
- 7.3.1.1 North America Graphene Composites Market, by Country, 2022 – 2030 (USD Million)
- 7.3.1 North America Graphene Composites Market, 2022 – 2030 (USD Million)
- 7.4 North America Graphene Composites Market, by Product Type, 2022 – 2030
- 7.4.1 North America Graphene Composites Market, by Product Type, 2022 – 2030 (USD Million)
- 7.5 North America Graphene Composites Market, by End-user, 2022 – 2030
- 7.5.1 North America Graphene Composites Market, by End-user, 2022 – 2030 (USD Million)
- 7.6. Europe
- 7.6.1 Europe Graphene Composites Market, 2022 – 2030 (USD Million)
- 7.6.1.1 Europe Graphene Composites Market, by Country, 2022 – 2030 (USD Million)
- 7.6.1 Europe Graphene Composites Market, 2022 – 2030 (USD Million)
- 7.7 Europe Graphene Composites Market, by Product Type, 2022 – 2030
- 7.7.1 Europe Graphene Composites Market, by Product Type, 2022 – 2030 (USD Million)
- 7.8 Europe Graphene Composites Market, by End-user, 2022 – 2030
- 7.8.1 Europe Graphene Composites Market, by End-user, 2022 – 2030 (USD Million)
- 7.9. Asia Pacific
- 7.9.1 Asia Pacific Graphene Composites Market, 2022 – 2030 (USD Million)
- 7.9.1.1 Asia Pacific Graphene Composites Market, by Country, 2022 – 2030 (USD Million)
- 7.9.1 Asia Pacific Graphene Composites Market, 2022 – 2030 (USD Million)
- 7.10 Asia Pacific Graphene Composites Market, by Product Type, 2022 – 2030
- 7.10.1 Asia Pacific Graphene Composites Market, by Product Type, 2022 – 2030 (USD Million)
- 7.11 Asia Pacific Graphene Composites Market, by End-user, 2022 – 2030
- 7.11.1 Asia Pacific Graphene Composites Market, by End-user, 2022 – 2030 (USD Million)
- 7.12. Latin America
- 7.12.1 Latin America Graphene Composites Market, 2022 – 2030 (USD Million)
- 7.12.1.1 Latin America Graphene Composites Market, by Country, 2022 – 2030 (USD Million)
- 7.12.1 Latin America Graphene Composites Market, 2022 – 2030 (USD Million)
- 7.13 Latin America Graphene Composites Market, by Product Type, 2022 – 2030
- 7.13.1 Latin America Graphene Composites Market, by Product Type, 2022 – 2030 (USD Million)
- 7.14 Latin America Graphene Composites Market, by End-user, 2022 – 2030
- 7.14.1 Latin America Graphene Composites Market, by End-user, 2022 – 2030 (USD Million)
- 7.15. The Middle-East and Africa
- 7.15.1 The Middle-East and Africa Graphene Composites Market, 2022 – 2030 (USD Million)
- 7.15.1.1 The Middle-East and Africa Graphene Composites Market, by Country, 2022 – 2030 (USD Million)
- 7.15.1 The Middle-East and Africa Graphene Composites Market, 2022 – 2030 (USD Million)
- 7.16 The Middle-East and Africa Graphene Composites Market, by Product Type, 2022 – 2030
- 7.16.1 The Middle-East and Africa Graphene Composites Market, by Product Type, 2022 – 2030 (USD Million)
- 7.17 The Middle-East and Africa Graphene Composites Market, by End-user, 2022 – 2030
- 7.17.1 The Middle-East and Africa Graphene Composites Market, by End-user, 2022 – 2030 (USD Million)
- Chapter 8. Company Profiles
- 8.1 Ad-Nano Technologies Pvt. Ltd.
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 (Ad-Nano Technologies)
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 G6 Materials Corp (G6 materials)
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 Haydale Graphene Industries plc
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 (Haydale Graphene)
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Graphene Composites (GC)
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 Graphene One LLC.
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 Graphenano Group (Graphenano)
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 XG Sciences
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 NanoXplore Inc.
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 Graphmatech AB (Graphmatech)
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 Gnanomat.
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Developments
- 8.1 Ad-Nano Technologies Pvt. Ltd.
List Of Figures
Figures No 1 to 22
List Of Tables
Tables No 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
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| Demand-side |
|
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|
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Key Players
- Ad-Nano Technologies Pvt. Ltd.
- (Ad-Nano Technologies)
- G6 Materials Corp (G6 materials)
- Haydale Graphene Industries plc
- (Haydale Graphene)
- Graphene Composites (GC)
- Graphene One LLC.
- Graphene Group (Graphenano)
- XG Sciences
- NanoXplore Inc.
- Graphmatech AB (Graphmatech)
- Others
FAQs
“Asia-Pacific” region will lead the global Graphene Composites market during the forecast period 2022 to 2030.
The key factors driving the market are Growing Use In The Automotive And Aerospace Sectors And High Strength, Lightweight, Good Electric Conductivity
.
The key players operating in the Graphene Composites market are Ad-Nano Technologies Pvt. Ltd., (Ad-Nano Technologies), G6 Materials Corp (G6 materials), Haydale Graphene Industries plc, (Haydale Graphene), Graphene Composites (GC), Graphene One LLC., Graphenano Group (Graphenano), XG Sciences, NanoXplore Inc., Graphmatech AB (Graphmatech), Gnanomat..
The global Graphene Composites market is expanding growth with a CAGR of approximately 38.8% during the forecast period (2022 to 2030).
The global Graphene Composites market size was valued at USD 13.89 Million in 2021 and it is projected to reach around USD 112.1 Million by 2030.