Graphene Composites Market Share

North American Market Forecast

Graphene composites market in the North America is anticipated to gain the largest revenue share throughout the forecast period. This is attributed to the growing industrial sector in the region. Graphene composites application could be highly seen in various end-user industries such as automotive, aerospace, packaging, construction, textile industry, and so on. These are generally beneficial for substantial expenditure on research and development which fuels the growth of the graphene composites market in the North American region.  The graphene composites market in the North American region is driven by mostly two areas that are the United States and Canada. These two places have the best research centers and universities where the research and development regarding new-generation graphene composites take place for the military, aerospace, and electronics industries. The United Nations is the homeland of market leaders of all types of graphene products.  To provide lightweight aircraft with fuel efficiency without compromising on the performance and safety of aircraft graphene composites are needed to be used. For instance, in Boeing 787, 10-12% of fuel was saved with the help of lightweight aircraft material application. These are significant factors driving the growth of this market in the North American region.

APAC Market Statistics

Graphene composites market in the Asia Pacific is estimated to witness noteworthy growth over the forecast period. This is attributed to the back of growing chemical manufacturing industry in developing countries, such as China, India, and Japan. Moreover, the growing import and export of chemicals are further estimated to boost regional market growth. However, the market in this region is expected to grow with the rising demand for electric vehicles in the Asia Pacific region. India and China are the most important areas driving the growth of graphene composites in the Asia-Pacific region. Owing to the growing demand for lightweight vehicles and fuel efficiency, the demand for graphene composites has seen to be increasing in this region. Additionally, a rise in the production of electric cars can be seen in this region which is also expected to fuel the growth of this market in the forecast period.