Graphene composites market expected to reach US$90 million by 2021 - Beige Market Intelligence

CHICAGO - March 2, 2016 - PRLog -- Federal incentives are playing an important role in the development of the graphene composites market. A number of corporates and start-ups in this space heavily rely on the federal support from their respective governments to establish themselves and grow. There has been a focus on nanotechnology which in itself is driving the graphene composites market.  Numerous countries embark upon the pursuit of novel technologies to gain a competitive advantage in the key areas of defence, aerospace, automotive and healthcare, it is imperative for them to set up a framework to encourage the same.

The Expected Installed Capacity for Production of Graphene Composited is expected to be 4 thousand MT by 2021

A number of vendors operating in the market are undertaking aggressive capacity expansions in order to capitalize on any potential growth in demand.  As of 2015 though, graphene despite showing promising application potential is not being adopted widely on account of its price premium in comparison to the conventional materials that in turn is attributed to the lack of economics of scale. Absence of a dedicated sustainable market shall only result in underutilization of these newly expanded capacities. Only 20 % of the production capacity of graphene was utilized in 2014.

Approximately 30% of the Graphene produced worldwide is through Exfoliation Method as of 2015

Exfoliation alone is often perceived to a difficult way to yield graphene on account of aggressive chemical or physical agents that are to be deployed in the process. As a result, Intercalation is widely used in tandem with exfoliation to yield the desired graphene product. Intercalation involves temporary inclusion of a molecule in-between another layered material. These molecules can easily be removed or altered by various chemical reagents and as a result can be easily modified to yield the ideal product of choice.

The APAC region is expected to contribute to more than 50% of all the Graphene produced in 2021

The region is a hub for electronics manufacture with leading manufacturers such as SK Hynix, Samsung, Intel, and Toshiba having their manufacture bases here. The electronic industry is one of the biggest adopter of novel nanomaterials as it embarks on improving the computing power. The region’s electronic industry accounts for about 50% of the global graphene consumption in electronic applications.

Intense Competition among Vendors

Companies operating in this market include 2D Carbon Tech, Angstron Materials, Applied Graphene Materials, BGT Materials Ltd, CVD Equipment Corp, Deyang Carbonene Tech, Directa Plus, Grafoid, Graphene Nanochem, Graphenea, Group NanoXplore Inc., Haydale Graphene Industries, Ningbo Morsh, Power Booster, The Sixth Element, Vorbeck, Wuxi Graphene Film and XG Sciences.

To know more about the report, please click the link http://www.beigemarketintelligence.com/reports/research-report-chemicals-materials-and-materials-market/graphene-composites-market-report/

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