The Graphene-Enhanced Plastics Market size was valued at USD 26.76 million in 2024, expected to reach USD 115.65 million by 2032, with a CAGR of 20.08%. Industries are increasingly adopting graphene-enhanced plastics due to their lightweight properties and sustainability benefits, driving demand across sectors like steelmaking, automotive, and aerospace. Major players in the market include Directa Plus and NanoXplore Inc.

The US Graphene-Enhanced Plastics Market is expanding rapidly, especially in the automotive sector where companies like Ford and General Motors are leading the integration of graphene-based materials. Polyethylene and polypropylene dominate the market due to their versatility and cost-effectiveness. North America holds a 41.50% market share, driven by key players and government initiatives supporting R&D.

The dominance of the Automotive Industry in the Graphene-Enhanced Plastics Market is due to the demand for lightweight and fuel-efficient materials. Graphene-enhanced plastics are being integrated into various components by leading manufacturers to improve performance and reduce carbon emissions. North America leads the market with a 41.50% share, driven by innovations in automotive, aerospace, and electronics industries.

Recent developments in the market include partnerships for ballistic protection and distribution agreements for graphene additives in thermoplastics. SNS Insider provides comprehensive market research and consulting services to help clients navigate changing market conditions with accurate data and insights. Their aim is to empower decision-making with up-to-date information and consumer opinions gathered through various research techniques.

Read more at GlobeNewswire: Graphene-Enhanced Plastics Market Size to Hit USD 115.65