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2021
Graphene Market

Graphene Market

by Type (Mono-layer and Bi-layer Graphene, Few Layer Graphene, Graphene Oxide, Graphene Nano Platelets), by Application (RFID, Composites, Sensors, Research and Development, Energy storage, Functional Ink, Polymer Additives, Tire, Coatings, Others), and Region: Global Opportunity Analysis and Industry Forecast, 2020-2030

Report Code: A00361
Pages: 273
Feb 2021 | 45280 Views
Author(s) : Amit N, Rutuja D , Eswara P
Tables: 118
Charts: 61
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Graphene Market Outlook - 2020–2027

The global graphene market size valued at $87.5 million in 2019, and is projected to reach $876.8 million by 2027, growing at a CAGR% of 40.2% from 2020 to 2027.

Graphene, the first 2-D carbon material in the world, also known as the "wonder material," is well suited for many applications. Graphene is resistant to fire, an effective conductor, extremely versatile and 200 times stronger than steel and a substance of ultra-lightness. In addition, graphene is regarded in the chemical industry as an effective catalyst because of its properties such as high surface area and adsorption power. Rise in demand for chemicals worldwide is expected to increase graphene demand and thus, drive the growth of the global graphene industry.

Graphene-Market-2020-2027

Factors that are expected to fuel the growth of the graphene market are growing purchasing power and increasing consumer electronics demand such as tablets and mobile phones. In addition, graphene oxide-based transparent conductive films are used as a raw material in automotive to make them safer and lighter. However, the toxic nature of graphene and the risk involved in the graphene production process are expected to hamper the global graphene market growth over the projected period. Furthermore, continuous R&D activities around the globe and large-scale graphene production through renewable sources, in particular the use of value-added chemicals, are expected to give the industry enormous opportunities for growth.

The global graphene market is segmented based on type, application, and region. By type, the market is classified into mono-layer & bi-layer graphene, few layer graphene (FLG), graphene oxide (GO), and graphene nano platelets (GNP). According to application, it is divided into RFID, composites, sensors, research & development, energy storage, functional ink, polymer additives, tire, coatings, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some of the key players operating in the global graphene market are ACS Material LLC, Bluestone Global Tech, CVD Equipment Corporation, Graphene Nanochem PLC, Graphenea S.A., G6 Materials, Haydale Limited, Nanotek Instruments Inc., Vorbrck Materials, and XG Sciences.

Some of the key Indian players profiled in the graphene market are KNV'S Incorporation ((KNV'S Inc.), Carborundum Universal Limited (CUMI), Hexorp, AVANSA Technology & Services (AVANSA), and Ad-Nano Technologies Pvt Ltd. (Ad-Nano). 

Global Graphene Market, by type

By function, the graphene nanoplatelets, due to their wide range of applications in various sectors including aerospace, telecommunications, medical and energy storage and generation, are expected to witness a substantial increase in demand. In addition, graphene oxide is an extremely critical product, including transparent conductive films for various supercapacitors, flexible electronic devices, tablets, optoelectronic devices and medical devices. Superior product features such as high thermal and permeability, electrical conductivity, flexibility and power play an important role in boosting demand.

Graphene Market
By Type

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Graphene Nano Platelets is projected as the most lucrative segment.

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Global Graphene Market, by application

By application, composites are expected to experience the highest development in the coming years, due to their power and weight enhancement ability. These are used in a range of fields including manufacturing, automotive, and aerospace. By adding little amount of graphene to materials such as metals, polymers and ceramics, manufacturers are able to develop strong and lightweight materials with high electrical conductivity and heat resistance. The material is also used for energy generation and storage. A major source of market supply was the research institutes and multinationals. They conducted comprehensive R&D in order to use and establish the range of implementation of the product.

Graphene Market
By Application

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Energy storage is projected as the most lucrative segment.

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Global Graphene Market, by region

By region, North America accounted for second highest graphene market share in 2019, and is expected to retain its dominance over the forecast period. Asia-Pacific is also predicted to experience the fastest growth over the forecast period. Due to its excellent electrical and thermal conductivities; Graphene finds its use primarily in the electronic and automotive industry. Both the electronic and automotive industries are growing rapidly in Asia Pacific, and they are major end-users of graphene. High growth of these end-use industries is therefore expected to fuel the demand for graphene in the region.

Graphene Market
By Region

2027
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific holds a dominant position in 2019 and would continue to maintain the lead over the forecast period.

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Key Benefits For Stakeholders

  • The report provides an in-depth analysis of the graphene market forecast along with the current and future market trends.
  • This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period.
  • Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the global graphene industry for strategy building.
  • A comprehensive graphene market analysis covers factors that drive and restrain market growth.
  • The qualitative data in this report aims on market dynamics, trends, and developments.

Impact of COVID-19 on the graphene market

  • The outbreak of COVID-19 has affected the demand as well as manufacturing in supply regions.
  • The outbreak of COVID-19 in China has severely affected numerous industries, from the first quarter of 2020, which further disrupted the demand for graphene.
  • The COVID-19 crisis has affected the chemical industry supply chain to a major extent. Therefore, this led to a major impact on raw material procurement.
  • The final investment decision for electric vehicles is getting delayed by the key automotive players, owing to decreased automotive sales. This has resulted in decrease in demand for graphene as graphene is used in batteries, composites, and others.

Graphene Market Report Highlights

Aspects Details
By Type
  • Mono-layer & Bi-layer Graphene
  • Few Layer Graphene (FLG)
  • Graphene Oxide (GO)
  • Graphene Nano Platelets (GNP)
By Application
  • Radio Frequency Identification (RFID)
  • Composites
  • Sensors
  • Research & Development
  • Energy storage
  • Functional ink
  • Polymer additives
  • Tire
  • Coatings
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, UK, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, India, South Korea, Japan, Australia, Rest of Asia Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players ACS MATERIAL LLC, BLUESTONE GLOBAL TECH, CVD EQUIPMENT CORPORATION, GRAPHENE NANOCHEM PLC, GRAPHENEA S.A., G6 MATERIALS, HAYDALE LIMITED, NANOTEK INSTRUMENTS, INC., VORBECK MATERIALS, XG SCIENCES
 

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As per CXOs of the leading companies, the global graphene market is moving toward growth stabilization phase in its industry life cycle. Therefore, due to several factors such as growing worldwide demand for new smartphones and laptops, rising demand from the automotive & aerospace sectors and growing application in healthcare systems, the market is expected to witness steady growth. Graphene Nano platelet is the largest revenue-generating segment in graphene-based products due its superior product quality and volume production capability. Energy storage is the largest revenue-generating segment for graphene and is expected to remain the same in the forecast period. In addition, North America, rigorous R&D operations is expected to deliver lucrative growth prospects for the graphene industry. Increasing investment across various corporate vertical lines, primarily to drive new R&D activities, may increase regional market expansion. Graphene is primarily used in RFID, composites, sensors, research & development, energy storage which is expected to drive their adoption, thus driving market growth.

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FREQUENTLY ASKED QUESTIONS?

A. Factors such as growing purchasing power and increasing consumer electronics demand are expected to drive the growth of the global graphene market.

A. The global graphene market anticipated to grow at CAGR of 40.2% during the forecast period.

A. Some of the key trend observed in the global graphene market is increasing electronics & telecommunication industry to dominate the market.

A. North America and Asia Pacific regions expected to provide lucrative growth opportunities to the global graphene market.

A. New product launches, business expansions, and acquisition are the major growth strategies adopted by the players in this market.

A. The market players are adopting various growth strategies and also investing in R&D extensively to develop technically advanced unique products which are expected to drive the market size.

A. Graphene nanoplatelets is the largest segment in the global graphene market.

A. Major customer of the graphene are from electronics, aerospace & defense, energy, automotive and healthcare sector are the key potential consumers in the graphene market.

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