Composites are materials formed by combining two or more materials with varying properties to produce an end material with unique characteristics. Graphene composites are similarly produced, including graphene. The presence of graphene can create composites with excellent qualities and enhance the conductivity and strength of bulk materials. They enhance mechanical properties and dimensional stability and resist high temperatures, impacts, and flames. Graphene composites are widely used in medical implants, engineering materials for aerospace, building & construction, and renewables. Graphene and its derivatives can be functionalized and modified with several bioactive molecules. They can be combined with various biomaterials utilized in regenerative and reconstructive dentistry & medicine. The resultant graphene-modified composites exhibit enhanced mechanical properties and improved bioactivity.
Further, graphene composites decrease water permeability by ~400% compared to standard concrete. This makes this novel composite material ideal for construction in areas subject to flooding. Furthermore, graphene composites have multiple applications in other end-use industries, including electronics, automotive, and energy storage & generation. The growing demand from these industries is attributable to massive amounts of capital investments in building infrastructure for carrying out research activities in graphene composites. Besides, the rising demand for customized vehicles where composites are used to deliver desirable specifications and performance is also driving the graphene market. Thus, the growing demand for graphene composites in numerous end-use industries is a key factor in boosting the region's graphene market over the forecast period.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific graphene market at a substantial CAGR during the forecast period.
Asia Pacific Graphene Market Segmentation
The Asia Pacific graphene market is analyzed on the basis of type, application, and country. Based on type, the market is segmented into monolayer and bilayer, graphene nano-platelets, graphene oxide, and others. In 2020, the graphene oxide segment held the largest share of the market. The graphene nano-platelets segment is expected to register a higher CAGR during the forecast period. Based on application, the market is segmented into composites, functional inks, paints & coatings, energy storage, electronics, polymer additives, RFID, and others. In 2020, the electronics segment held the largest market share. The energy storage segment is expected to register the highest CAGR in the market during the forecast period.
Based on country, the Asia Pacific graphene market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. In 2020, China held the largest market share and is further expected to rise at the fastest CAGR during the forecast period.
XG Sciences; The Sixth Element Materials Technology Co., Ltd; Global Graphene Group; Graphenea, Inc.; Directa Plus S.p.A; AVANZARE INNOVACION TECNOLOGICA SL; Thomas Swan & Co. Ltd.; Morsh; and Perpetuus Advanced Materials PLC are the leading companies in the Asia Pacific graphene market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 356.90 Million |
| Market Size by 2028 | US$ 3,576.84 Million |
| CAGR (2021 - 2028) | 39.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Graphene Market is valued at US$ 356.90 Million in 2021, it is projected to reach US$ 3,576.84 Million by 2028.
As per our report Asia Pacific Graphene Market, the market size is valued at US$ 356.90 Million in 2021, projecting it to reach US$ 3,576.84 Million by 2028. This translates to a CAGR of approximately 39.0% during the forecast period.
The Asia Pacific Graphene Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Graphene Market report:
The Asia Pacific Graphene Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Graphene Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Graphene Market value chain can benefit from the information contained in a comprehensive market report.
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