Graphene Market Overview:
Global Graphene Market is expected to garner $151.4 million and register a CAGR of 47.7% by 2021. Graphene is a single, tightly packed layer of carbon atoms in the form of a hexagonal honeycomb lattice. It is a combination of graphite and suffix -ene. It has one layer of carbon which is just an atom thick. Furthermore, the graphene exhibits remarkable electrical conductivity and heat resistance. It is widely used in various applications, such as RFID, composites, sensors, research & development, energy storage, functional ink, and polymer additives. However, high price of equipment and technical limitations for commercial production are the major factors restricting the market growth. In addition, the health and environmental risks associated during production of the 2D material graphene is high, due to its highly inflammable characteristic. Furthermore, increase in capital investment for strengthening R&D activities and focus on expanding production capacity would boost the industry growth during the forecast period. Graphene industrial applications have observed greater demands over the past five to six years.
Based on type, the global market is segmented into monolayer & bi-layer graphene, few-layer graphene, graphene oxide, and graphene nanoplatelets. The graphene nanoplatelets (GNP) segment accounted for about two-thirds of the overall market revenue, in 2015. The demand for GNP is primarily attributed to its low price and wide application areas. Monolayer & bilayer graphene and few-layer graphene contributed about one third of the market share in 2015, and is expected to grow at the highest CAGR during the forecast period.
Graphene is used in various applications, such as RFID, composites, sensors, research & development, energy storage, functional ink, and polymer additives. The industry is at its nascent stage of commercialization. Therefore, more than 75% of the graphene was used for research & development and prototype preparation by research institutes, universities, and R&D, in 2014. These included units of prominent companies, such as Nokia, Samsung, Intel, IBM, and others. Energy storage application is expected to be the fastest growing segment, registering a CAGR of 93.2% during the forecast period. Graphene electrodes are widely used in energy storage devices, such as electromagnetic supercapacitors and batteries (Li-ion, Li-air, lead acid, and fuel cells), owing to high energy density and quick charging property.
The market has been segmented into four regions, namely North America, Europe, Asia-Pacific, and LAMEA. North America was the largest revenue-generating segment and this region would continue to dominate the market during the forecast period, in 2015. In the U.S., about three forth of the graphene produced is used for the research and development activities across various universities and institutes. In addition, Asia-Pacific is expected to be the fastest growing segment during the period, 2014-2021. The driving factors of the Asia-Pacific market include presence of large graphite mines in China, ongoing research on graphene in India, China, Japan, Korea, & Taiwan, and huge scope in electronics applications in this region.
Some of the leading manufacturers profiled in the graphene market study include Graphenea, XG Sciences, Vorbrck Materials, Haydale Limited, Graphene Laboratories, CVD Equipment Corporation, Graphene Nanochem PLC, Bluestone Global Tech, Angstron Material, Inc., and ACS Material, LLC.
Graphene Market Report Key Benefits:
- It includes projections based on the analysis of the current trends, size, and future market potential in terms of value and volume for the period, 2014-2021.
- It offers an exhaustive analysis of the industry by type to help in understanding the types of graphene currently used
- It offers assessment of size and share of the variants that would gain prominence in the future
- It provides competitive intelligence of leading manufacturers and distributors to help in understanding the competitive scenario across geographies
- It consists of a quantitative analysis which would enable stakeholders to capitalize on the latent graphene industry opportunities for the period, 2014-2021
- It includes profiles of the key players and analyzes their growth strategies to understand the competitive outlook of the market
Graphene Market Key Segments:
The global graphene market is segmented as:
- Mono-layer graphene & bilayer (powder/films/flakes)
- Few layer graphene
- Graphene oxide
- Graphene nanoplatelets
- Research & Development
- Energy storage
- Functional ink
- Polymer additives
- North America