According to the research report titled ‘Global Graphene Nanocomposites Market Size study, by Product Type (Graphene Oxide (GO), Graphene Nano Platelets) by Application (Electronics, Energy Storage, Automotive & Aerospace, Polymer Composites, Medical & Bio-Medical, Water Treatment, Research & Development) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global graphene nanocomposites market is estimated to register growth during 2022-2028.

The progress of global graphene nanocomposites market can be attributed to several variables like proliferating electronic sector, combined with surging adoption of the product in water treatment applications.

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For those unaware, graphene nanocomposites are created by chemically treating graphite through oxidation process. They have exceptional mechanical, electrical, and electrochemical properties and are used across multiple industries like automotive, building & construction, aerospace, etc.

Besides, soaring R&D activities in the electronics arena, along with increasing adoption of smart drug delivery systems are further escalating the growth of the business sphere by creating lucrative opportunities for enterprises in this domain.

However, dearly manufacturing costs as well as presence of patent protection laws are likely to hinder the development of worldwide graphene nanocomposites market during the review period.

For better comprehension of the current scenario, the report classifies the industry space in terms of product type and application scope. By offering growth rate estimates for each vertical through the review period, the study gives a concise depiction of the expansion roadmap of the market.

Concerning geographical aspect, North America market is poised to account for a significant revenue share during the assessment period, due to the presence of well-known industries and expanding bio-medical & medical sectors in the region. 

Meanwhile, Asia Pacific marketplace is anticipated to register a substantial growth rate during the research period, owing to the proliferating electronics sector as well as the growing water treatment industry which is boosting the demand for graphene nanocomposites.

Speaking of the competitive scenery, Directa Plus plc, Versarien plc, NanoXplore Inc., Haydale Graphene Industries plc, XG Sciences Inc., Graphene Technologies Ltd., Ningbo Moxi Technology Co. Ltd., Graphenea S.A., Taiwan Graphene Co. Ltd., and Applied Graphene Materials plc among others are the established names in global graphene nanocomposites industry.