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Graphene Nanoplatelets Market Size – USD 51.96 Million in 2021, Growth – at a CAGR of 34.63%, Trend – Steady growth of the electrical & electronics industry

NEW YORK CITY, NY, UNITED STATES, April 20, 2022 /EINPresswire.com/ -- The global Graphene Nanoplatelets market size is expected to reach USD 755.26 Million in 2030 and register a revenue CAGR of 34.63% over the forecast period, according to latest report by Reports and Data. Graphene nanoplatelets have excellent thermal and electrical conductivity, which make them an ideal material for various industrial applications. Increasing consumer awareness about energy conservation and environment-friendly materials is expected to drive global graphene nanoplatelets market revenue growth over the forecast period. Additionally, easy availability of raw materials is expected to drive development of graphene nanoplatelets around the world.

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Graphene Nanoplatelets (GNPs) are made from natural graphite and are normally formed by chemical exfoliation, thermal shock, or plasma reaction. When added to polymer matrices, GNPs increase their mechanical properties, chemical resistance, and lifespan, while decreasing their ability to absorb water, which makes them more resistant to humid environments. Graphene nanoplatelets are used in energy & power, automotive & transportation, building & construction, medical, packaging, electrical & electronics, rubber, chemicals, and other Industries. The versatility of graphene makes it suitable for use in a wide range of applications, despite its small size. GNPs have been known as excellent nanofiller materials that can facilitate development of revolutionary technologies and innovations. Wearable electronic devices made of graphene nanoplatelets are gaining traction, due to their low sheet resistance and flexibility, which is contributing to market revenue growth.

Asia-Pacific is expected to register the fastest revenue CAGR throughout the forecast period, which can be attributed to rapid industrial growth in emerging countries in the region. Rising demand for GNPs from automotive, aerospace, energy & power, and consumer electronics sectors is expected to drive market revenue growth in this region. Demand for advanced materials is rising in automotive, aerospace, energy storage, consumer electronics, and printed electronics sectors in countries such as Japan, China, and India, which is also expected to have a favorable impact on the Asia-Pacific graphene nanoplatelets market.

Some major companies operating in the global market include CVD Equipment Corporation, Global Graphene Group, XG Sciences Inc., ACS Materials LLC, Group Nanoxplore Inc., Thomas Swan & Co. Ltd, Directa Plus PLC, Graphene Laboratories Inc., Xiamen Knano Graphene Technology Co. Ltd, Haydale Graphene Industries Inc., Applied Graphene Materials Inc., Cambridge Nanosystems Ltd, Strem Chemicals, Inc., CealTech, and Vorbeck Materials.

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Some Key Highlights From the Report: In August 2021, Applied Graphene Materials (AGM) won a funding contract from Tees Valley Business, which will allow the company to accelerate internal research and customer development, along with completing projects more efficiently. This will also allow the UK manufacturer to pursue its continuous growth and expansion of in-house capabilities to meet the constantly rising market demand for graphene nanoplatelet technology.

C-GNPs segment is expected to account for largest revenue share in the global market over the forecast period. The C-grade material is available in High Purity (HP) form, and C-grade particles are composed of aggregates of micron-sized platelets with a particle diameter of fewer than two microns, and a particle thickness of a few nanometers. C-GNP is an effective component used in inks or coatings for fuel cells, electrolyzers, and various other applications, due to its high purity.

North America is expected to account for a significantly large revenue share during the forecast period. The United States and Canada are the largest revenue contributors to the regional market. Solar power is more accessible and cost-effective in the United States, and therefore, growing adoption of solar power in the country is likely to drive demand for graphene nanoplatelets and support market revenue growth in the region. Graphene nanoplatelets are extensively employed as nanofillers with different matrices, such as polymers, concrete, and metals, among others. Furthermore, extensive research regarding use of graphene nanoplatelets in the construction industry is expected to drive revenue growth of the North America market.

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For this report, Reports and Data has segmented the global graphene nanoplatelets market based on product, application, end-use, and region:

Product Outlook (Revenue, USD Million; Volume, Tons; 2019-2030)

Application Outlook (Revenue, USD Million; Volume, Tons; 2019-2030)

End-Use Outlook (Revenue, USD Million; Volume, Tons; 2019-2030)

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Regional Outlook (Revenue, USD Million; Volume, Tons; 2019-2030)

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About Reports and Data Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

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