- Report ID: BMRC 152 | Number of pages: 200 | Publish Date: Nov -0001
Status: Published | Category: Chemical And Materials | Delivery Timeline:
Graphene Market was valued at USD XX million in 2018 and is projected to reach around USD XXX million by 2025, at a CAGR of 39.38% during the forecast period. The base year considered for the study is 2018 and the forecast period is 2019-2025. Increasing demand for lightweight, flexible and renewable materials with long life span are expected to remain the major key driver for the growth of global graphene market.
Graphene is a two dimensional carbon allotrope, arranged in a honeycomb crystal matrix due to which it is extremely flexible and much stronger than products like steel and diamond. Graphene possesses a unique combination of properties such as high mechanical strength, thermal conductivity, barrier properties to liquid and gases, lubricating properties, electrical conductivity and energy storage, which gives a potential to replace current materials in a wide range of applications. The demand for faster, better and cheaper electronic devices has increased to a greater extent in recent years. Graphene has been considered as newfangled material which has a great potential to alter the future electronics. The anticipation over graphene results from its unique physical and conductive properties. Growing research & development, increasing demand for flexible & high performing products from different sectors is expected to foster the market growth in forecast period.
Global graphene market report is segmented on the basis of product type, end-users and by regional. Based upon product type is market is segmented into graphene oxide (GO), mono-layer & bi-layer graphene, few layer graphene (FLG), graphene nano platelets (GNP) and others. On the basis of end-users global graphene market is segmented into energy, aerospace, biomedical & life sciences, electronics, defense and others (sensors, catalyst, coating, filtration and adhesive). Electronics was the major end-user segment, accounting for a market share of 42.45% in terms of revenue in 2017.
The regions covered in this graphene market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Graphene is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Some major key players for global graphene market are Haydale Graphene Industries PLC, Applied Graphene Materials plc., Graphene 3D Lab Inc., Vorbrck Materials, XG Sciences, Inc., NanoXplore Inc., 2D Carbon Graphene Material Co., Ltd, Graphene Nanochem PLC, Cealtech AS, Graphenea Inc., Graphene Laboratories Inc., Graphene Platform Corp., BGT Materials Limited, Angstron Material Inc., ACS Material LLC., Deyang ene carbon Technology Co., Ltd., Team Group Inc. and others.
Expanding demand for printed electronics, growing focus on R&D activities and requirement of nanotechnology in electronic goods industry are some key factors driving the market growth. However, graphene requires special management due to its inflammable nature regulatory compliance is hampering the market growth. In addition, lack of mass production and high priced equipment are few factors preventive the growth for global graphene market. New product developments and collaborations and agreements are the key strategies adopted by the manufacturers. For Instance, in 2017, Team Group, a Taiwan based manufacturer of memory solutions and accessories, announced a new product to its T-Force gaming product line. The CARDEA ZERO M.2 PCI-E solid-state drive consists of Graphene copper foil cooling on its SSD Unit.
North America is likely to dominate in future, due to the growing usage of graphene in touch screens and the necessity in printed electronics industry. The United States has witnessed a constant increase in the use of graphene over the recent years, due to the major growth of the electronics market. Asia Pacific is likely to observe the fastest growth over the coming years. China is the main contributor and the major source of graphite and other materials used for Graphene extraction to the Graphene market in Asia-Pacific. Latin America and Middle East and Africa are projected to showcase significant growth in forecast period.
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Graphene Market By Product type (Graphene Oxide, Graphene Nano Platelets), Industry Analysis, Trends, and Forecast 2019