PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1662791
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1662791
According to Stratistics MRC, the Global Graphene Nanoplatelets Market is accounted for $49.01 billion in 2024 and is expected to reach $148.73 billion by 2030 growing at a CAGR of 14.2% during the forecast period. Graphene Nanoplatelets are ultra-thin, platelet-shaped nanoparticles consisting of multiple layers of graphene. These structures have exceptional mechanical, thermal, electrical, and barrier properties, making them highly valuable in various applications. Due to their high surface area, superior conductivity, and excellent strength, they are used in composite materials, coatings, energy storage, sensors, and lubricants.
According to the Japan Electronics and Information Technology Association (JEITA), the effect of rising 5G measurement demand on electric measuring instruments, increased by 2% to USD 79 billion in 2022.
Increasing use in energy storage
GNPs improve conductivity, charge storage capacity, and cycling stability, which leads to higher efficiency and longer lifespan in energy storage systems. Their ability to enhance the performance of lithium-ion batteries and supercapacitors makes them crucial for electric vehicles (EVs), renewable energy storage, and portable electronics. As the demand for sustainable and efficient energy storage solutions rises, GNPs become essential in meeting these needs, propelling market expansion in the energy sector.
Quality and standardization issues
Quality and standardization issues in graphene nanoplatelets arise due to variations in size, morphology, purity, and dispersion, which can significantly impact their performance in different applications. Lack of uniformity in GNPs can lead to inconsistent results, making it challenging to achieve desired outcomes in industries such as electronics, energy storage, and construction. These challenges hinder the widespread adoption and commercialization of GNPs, slowing down the overall market growth and limiting large-scale integration into various industries.
Rising adoption in electronics
As electronics move toward smaller, lighter, and more efficient devices, GNPs provide enhanced performance in applications like flexible displays, sensors, batteries, and printed circuits. Their ability to improve thermal management, conductivity, and strength without adding weight makes them ideal for next-generation consumer electronics, wearable devices, and energy-efficient solutions. Additionally, GNPs enable advancements in transparent conductive films, which are critical for touchscreens and solar cells, further driving demand and innovation within the electronics sector.
Competition from alternative nanomaterials
Alternative nanomaterials, such as carbon nanotubes (CNTs), graphene oxide, and carbon black, offer similar properties to graphene nanoplatelets (GNPs) in applications like energy storage, electronics, and composites. While these materials also exhibit high conductivity, strength, and flexibility, they sometimes present challenges in scalability or cost. The competition from these alternatives hampers GNP market growth by offering cost-effective or more easily produced options, leading industries to opt for substitutes.
The covid-19 pandemic disrupted the graphene nanoplatelets market by causing supply chain interruptions, reduced industrial production, and delayed research activities. The pandemic also accelerated interest in antimicrobial coatings and advanced materials for medical applications, benefiting GNP adoption. While initial financial constraints slowed investments, post-pandemic recovery, increased R&D funding, and the growing focus on sustainable technologies have contributed to market stabilization and renewed growth opportunities.
The energy storage segment is expected to be the largest during the forecast period
The energy storage segment is expected to account for the largest market share during the forecast period. GNPs play a crucial role in energy storage applications, particularly in batteries and supercapacitors. Their high electrical conductivity, large surface area, and excellent mechanical properties enhance charge storage, ion transport, and overall device performance. Their use in next-generation energy storage solutions, including solid-state batteries and flexible energy devices, is driving advancements in renewable energy and electric vehicle technologies.
The construction segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the construction segment is predicted to witness the highest growth rate. GNPs are increasingly used in construction to enhance the performance of materials like concrete, coatings, and composites. GNPs improve the mechanical properties of concrete, including strength, durability, and crack resistance, while also enhancing thermal and electrical conductivity. Additionally, GNPs help in developing lightweight, high-performance composites for construction, offering potential benefits for infrastructure projects, energy efficiency, and sustainable building materials.
During the forecast period, the Asia Pacific region is expected to hold the largest market share due to rising demand from industries such as electronics, automotive and aerospace. Countries like China, Japan, South Korea, and India are leading in GNP production and application, driven by strong government support. The region's dominance in electric vehicles, advanced composites, and flexible electronics fuels market expansion. Additionally, increasing awareness of graphene's benefits and collaborations between research institutes and industries further propel growth, making Asia-Pacific a key hub for GNP innovation and commercialization.
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR driven by increasing applications in aerospace, automotive, electronics, and energy storage. The U.S. leads the market with strong R&D investments, government support, and collaborations between research institutes and industries. Additionally, advancements in large-scale graphene production and the presence of key industry players drive market growth. The focus on sustainable technologies, along with expanding applications in medical and coatings sectors, further strengthens the GNP market in North America.
Key players in the market
Some of the key players in Graphene Nanoplatelets market include Applied Graphene Materials (AGM), Black Swan, Global Graphene Group, Graphene Laboratories Inc., NanoXplore Inc., CVD Equipment Corporation, ACS Materials, XG Sciences, Inc., Thomas Swan & Co. Ltd., Angstron Materials Inc., Strem Chemicals Inc., Grafoid Inc., CealTech AS, Graphene Square Inc. and Graphene NanoChem plc.
In July 2024, Black Swan expanded its GraphCore line with the introduction of GEM S27M, a 10% graphene nanoplatelet masterbatch in high-density polyethylene (HDPE). This product is specifically designed to enhance the mechanical properties of HDPE, making it ideal for packaging applications such as plastic bottles and garbage bags.
In March 2021, Applied Graphene Materials (AGM) made a significant advancement in the automotive sector by incorporating their GNPs into two newly-launched automotive products. This development marked an important step in the application of graphene in the automotive industry, offering a range of enhanced properties to vehicle components.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.