Increasing Demand from the Electronic Industry to Augment Growth of the Graphene Nanocomposites Market

 

Graphene Nanocomposites Market

Graphene is a form of carbon and known as the thinnest and strongest material that exists in the world. Graphene has a lot of promising applications such as anti-corrosion coatings and paints, faster and efficient electronics, efficient and precise sensors, efficient solar panels, flexible displays, drug delivery, faster DNA sequencing, and more. Graphene find applications in various fields such as nanocomposites, energy storage devices, solar cells, electrodes, sensors, and. field effect devices. Moreover, graphene nanocomposites have demonstrated a great potential to serve as next-gen functional or structural materials.

Market Dynamics:

Increasing demand for graphene nanocomposites from the electronic industry owing to their exceptional electrical properties, such as ballistic transport at room temperature, high mobility, and electrical conductivity, is expected to propel the growth of the graphene nanocomposites market. For instance, according to the India Brand Equity Foundation, electronics hardware production in the country increased from US$ 65.53 billion in 2019 to US$ 73.78 billion in 2020. Demand for electronics hardware in India is expected to reach US$ 400 billion by 2024.

Moreover, favorable government initiatives and increasing research and development activities are also expected to augment the growth of the graphene nanocomposites market. For instance, in November 2020, a new project was launched under the name of GraphCAT, an initiative to create an ecosystem of research centers focused in the study of graphene. The project received funding from the Government of Catalonia and the European Union. GraphCAT aims to establish the autonomous Spanish region as an international hub for graphene research and development.

Competitive Analysis:

Major players operating in the graphene nanocomposites market are 2-D Tech, Gramor, Graphenea and Graphene Tech, Applied Graphene Materials, William Blythe Limited, ACS Material DFJ Nanotechnologies Co Ltd, Abalonyx AS, Angstron Materials, Graphene Laboratories Inc., and others.

Major players in the market are adopting various strategies to gain competitive edge in the market. For instance, in October 2020, Nanotech Energy launched Nanotech EMI Armor Paint & Sheets, graphene powered coatings and films for electromagnetic interference (EMI) and radio frequency interference (RFI) shielding, as well as heat management.

In June 2020, Zen Graphene Solutions and the Nanomaterials and Polymer Nanocomposites Laboratory at the University of British Columbia‐Okanagan Campus received a C$200,000-award from Canada’s Department of National Defence to develop electrically conductive, moulded and 3D printed graphene/polymer nanocomposites as more versatile replacements for metallic electromagnetic shields that are currently in use.


Location: India

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