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Global Graphene Nanoplatelets Market to Reach US$ 383.5 Million by 2027, Propelled by Escalating Demand for Touchscreen Technology

Published on Nov 22, 2022

According to the latest report by IMARC Group, titled “Graphene Nanoplatelets Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global graphene nanoplatelets market size reached US$ 57.1 Million in 2021. A graphene nanoplatelet (GNP) is an ultra-thin form of graphene consisting of stacks of graphene sheets stacked in a platelet shape. Graphene nanoplatelets are typically produced by carbon nanotube manufacturers via epitaxial growth or chemical vapor deposition. Their unique structure and size make GNPs superior to carbon nanotubes in terms of thermal and electrical conductivity. In addition to offering lower thermal contact resistance at lower loading levels, graphene nanoplatelets also exhibit better barrier properties and good electrical and thermal conductivity. In various nanocomposite applications, graphene nanoplatelets are indispensable due to their high aspect ratio.

Global Graphene Nanoplatelets Market Trends:

The global market is majorly driven by the rapid product utilization as a transparent conductor and electrode in touch screen displays, OLED and solar cells. This can be attributed to the escalating demand for touchscreen technology in a wide range of smart devices. In addition to this, the widespread demand for graphene-based protective equipment, bio-sensors, drug delivery and treatment systems is providing an impetus to the market. Moreover, extensive research and development (R&D) activities focusing on the usage of GNP as a potential cement additive to improve fracture resistance is creating a positive market outlook. Furthermore, continuous product innovations, such as the introduction of tactile devices, electronic robotic skin, and washable GNP-based materials binding conductive nanoflakes to smart textiles, are fueling the market. Some of the other factors contributing to the market include the growing investments in environment-friendly materials, the augmenting demand for GNP-based smart sensors and the rising trend of device miniaturization. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 383.5 Million by 2027, exhibiting a CAGR of 37.4% during 2022-2027.

Market Summary:

  • Based on the application, the market has been segmented into composites, energy and power, conductive inks and coatings, and others.
  • On the geographical front, the market has been segregated into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include ACS Materials LLC, Applied Graphene Materials plc, Cambridge Nanosystems Ltd., Cheap Tubes, CVD Equipment Corporation, Directa Plus plc, Global Graphene Group, NanoXplore Inc, Strem Chemicals Inc., Thomas Swan & Co. Ltd, XGSciences, and Xiamen Knano Graphene Technology Corporation Limited.
     

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