Graphene Nanocomposites Market - Size, Share, Outlook, and Opportunity Analysis, 2018-2026
Graphene is one of the allotropes of carbon, which also include diamond and carbon nanotube. Graphene has peculiar electrical, mechanical, and thermal properties such as quantum Hall Effect and high electron mobility and is also one of the stiffest and strongest materials. This in turn has led to significant importance of graphene in industrial applications such as electronics, medical, and military. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/2501 Market Dynamics Graphene nanocomposites are majorly used in the electronic industry due to their exceptional electrical properties such as electrical conductivity, high mobility, and ballistic transport at room temperature. For instance, according to National Council on Electronics and Hardware (ASSOCHAM) and National Statistical Offices and German Electrical and Electronic Manufacturers' Association (ZVEI), electronics Industry is the fastest growing industry in the world and was valued at US$ 1.75 trillion in 2017, and it is expected to reach US$ 5.45 trillion by 2020. Therefore, growth of the electronics industry is expected to boost demand for graphene nanocomposites over the forecast period. Market Outlook Asia, Europe, and North America is expected to witness increasing demand for graphene nanocomposites during the forecast period. This is owing to significant growth of electrical and electronics industry in emerging economies such as China, and India. For instance, according to German Electrical and Electronic Manufacturers' Association (ZVEI), electrical and electronics market in Asia Pacific was valued at US$ 2734.70 billion, Americas at US$ 888.10 billion and Europe at US$ 757.49 billion in 2016. Moreover, according to India Brand Equity Foundation, electronics market in India was valued at US$ 69.6 billion in 2012, and is expected to witness a CAGR of 24.4% to reach US$ 400 billion by 2020.