Growing demand for lightweight
materials, government funding, to boost global graphene-enhanced composites
market through 2024
According to TechSci Research report, “Global Graphene enhanced
Composites Market By Composite Type, By Graphene Type, By
Application, By Region, Competition, Forecast & Opportunities, 2024’’, global graphene-enhanced composites
market is anticipated to grow at a CAGR of around 30% during 2019-2024. Graphene
is an allotrope of carbon consisting of a single layer of carbon atoms arranged
in a hexagonal lattice. Few factors fuelling the growth of global graphene-enhanced
composites market include the growing demand for lightweight materials,
government regulations to limit the carbon emissions, and growing R&D
activities by the leading players operating in the market. Furthermore,
increasing demand from end users, including automotive, for lightweight
materials, for use in batteries and other components of heavy electric vehicles,
is further propelling the growth of global graphene-enhanced composites market.
Notably, the European Commission launched a Graphene Flagship program in 2013, which
was intended to address the significant scientific and technological challenges
through research. Comparable steps have been initiated by the governments of several
countries including the US, China, Japan and South Korea, among
others. These initiatives are primarily meant to raise awareness about graphene
and facilitate the collaborations across numerous stakeholders within the
industry.
Browse market data Tables and Figures
spread through 110 Pages and an in-depth TOC on "Global Graphene Enhanced
Composites Market"
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Global graphene enhanced
composites market has been segmented into composite type, graphene type,
application and region. Based on application, graphene-enhanced composites
market has been segmented into automotive industry, aerospace & defense,
consumer electronics, sports & leisure, building & construction and
others. Among these, aerospace & defense segment led global
graphene-enhanced composites market, primarily due to extensive use of
graphene-enhanced composites in aircraft. The use of these composites in
aircraft has led to improved aircraft efficiency and lower fuel consumption. Furthermore,
graphene-enhanced composites are also used to manufacture smart aero structures
which absorb limited moisture and are damage resistant.
“Regionally, global graphene enhanced composites market is
segmented into North America, South America, Europe, Asia-Pacific and Middle
East & Africa. Among these regions, Europe led global graphene-enhanced
composites market, as the region is one of the largest graphene material
manufacturers and suppliers. Moreover, the governments of various countries in
Europe are supporting major players which are working towards advancement of
graphene-enhanced composites. Additionally, companies are also expanding their
R&D investments to promote early commercialization of graphene-based
products in the region.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Graphene-enhanced
Composites Market By Composite Type, By Graphene Type, By Application, By
Region, Competition, Forecast & Opportunities, 2024” has evaluated the future
growth potential of global graphene enhanced composites market and provides
statistics and information on market size, structure and future market growth.
The report offers decision makers superior market intelligence, thereby
enabling them conduct thorough investment appraisal. Besides, the report
also analyzes the evolving market trends along with drivers, challenges
and opportunities in global graphene enhanced composites market.
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