Graphene Nanocomposites Market Size, Industry Outlook Report, Regional Analysis, Application Development, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI235
Global nanocomposites market size was over 220 kilo tons in 2015 and is anticipated to exceed 1,100 kilo tons by 2023, with gains at over 20%. Global graphene market size was valued over USD 15 million in 2015.
It exhibits exceptional electronic, mechanical and thermal properties which are expected to increase its use as major filling agents in composite applications. Graphene composites at low loadings exhibit substantial enhancements in multifunctional aspects in comparison to conventional composites & their materials. This factor makes the material lighter and stronger for use in numerous applications. It also increases the physiochemical qualities of the host matrix/material upon distribution.
Graphene based polymer composites exhibits superior thermal, mechanical, gas barrier, flame retardant, and electrical properties in comparison to a conventional polymer. Its involvement in the host matrix improves electrical & mechanical properties better than other nanocomposites such as clay and carbon nanotubes (CNT). Although CNTs are comparable in mechanical properties to that of graphene, still the later is preferable over the former owing to better electrical and thermal conductivity.
Graphene nanocomposites market comprises of polymer system such as polystyrene, polystyrene sulfonate, polymethyl methacrylate (PMMA), polyimide, polyethylene terephthalate (PET), epoxy, polyaniline, polyvinylidene fluoride (PVDF), polyurethane (PU), polycarbonate and polyethyldioxythiophene. Situ intercalative polymerization, solution intercalation and melt intercalation are there methods for incorporating polymer in host layered materials.
Growth in electronic industry is likely to drive graphene nanocomposites market over the forecast period. Its properties such as high carrier mobility, moderate optical transmittance and electrical conductivity are used in electrode applications for de-sensitizing solar cells, liquid crystal devices, field emission devices and organic light emitting diodes (OLEDs).
They are also used in energy storage & conversion devices such lithium (Li), Li-air & Li-sulphur batteries and supercapacitor or ultracapacitor. These hybrid structures exhibits excellent material characteristics such as faster recombination rate and long time stability. They are applied Li-ion batteries via a solution blending which improves the recharging capacities and performance. Research in the application to use graphene nanocomposites in microbial fuels are carried out to harvest electricity from numerous organic matters.
They also find applications in manufacturing sensors to detect a variety of molecules, biomolecules, pH and temperature. Thermally reduced graphene along with PVDF nanocomposites are generally effective in temperature sensor applications.
Graphene nanocomposites market is also suitable for biomedical applications such as drug & gene delivery, bio-imaging and nanomedicine. Drug delivery applications are of considerable interest as there is strong interaction between the hydrophobic drugs and graphene aromatic rings. Polyvinyl alcohol (PVA) and polyisopropyl acrylamide along with the nanocomposites are used in drug delivery system. Polyethylenimine based nanocomposites is used in non-viral gene delivery system. Also PEG based nanonocomposites are used in applications of cancer therapy and bio-imaging.
Ceramic based graphene nanocomposites market is also considered to be an important potential application. Ceramic reinforced materials yield excellent electrochemical performances with high charge carrier properties which are useful in energy applications.
Several ceramic materials based on nanocomposites such as SiC, Si3N4 and Al2O3, ZrB2, ZrO- Al2O3 are used not only for thermal properties but also refractory, antifriction, biocompatibility, anticorrosive and thermal conductivity properties in numerous applications. Use of these composites also helps in overcoming lower fracture toughness, limited thermal shock resistance and brittle nature of the materials.
ZrB2 composites are used in aerospace industry. They are used for high temperature barrier applications for space vehicles during reentry event. They are widely used as primary infrastructure for building nose caps in military ballistic equipments and space shuttles.
High cost for synthesis is expected to challenge graphene nanocomposites market share. Investments in technology to obtain large-scale and defect free exfoliation with enhanced properties is likely to open new growth opportunities for manufactures. This market is likely to exhibit tremendous gains over the forecast period owing to its exceptional properties used in numerous applications.
Number of patents and publications has been increased over the past few years which is generating considerable interest for electronic and biomedical applications. Investments in research to improve its properties by altering chemical structure are carried out at production level through encapsulation techniques.
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