Share this article PORTLAND, Ore., March 16, 2021 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Graphene Composites Market by Product Type (Polymer Based, Metal Based, Ceramic Based, and Others), and Application (Sports & Wearable Goods, Aerospace & Defense, Automotive, Building & Construction, Energy Storage & Generation, and Others): Global Opportunity Analysis and Industry Forecast 2020-2027". As per the report, the global graphene composites industry was pegged at $13.1 million in 2019, and is projected to reach $109.4 million by 2027, growing at a CAGR of 37.5% from 2020 to 2027. Drivers, restraints, and opportunities Rise in demand for lightweight materials and increase in R&D expenditure by developed and developing countries have boosted the growth of the global graphene composites market. however, high cost of graphene-enhanced composites hinders the market growth. On the contrary, surge in graphene producers is expected to open lucrative opportunities for the market players in the future.