Graphene Market growth is driven by increasing demand from the electronics industry. Growing pharmaceutical, oil, coatings, electronics, especially in North America and Asia-Pacific due to the growth of the commercial market, has increased the global graphene market over the forecast period.
As per the report published by Allied Market Research, “Graphene Market by Type (Mono-layer & Bi-layer Graphene, Few Layer Graphene, Graphene Oxide, and Graphene Nano Platelets), and Application (RFID, Composites, Sensors, Research & Development, Energy storage, Functional ink, and Polymer additives, Tire, Coatings, and Others): Global Opportunity Analysis and Industry Forecast 2020–2027”. Global graphene market generated $87.5 million in 2019, and is expected to reach $876.8 million by 2027, witnessing a CAGR% of 40.2% from 2020 to 2027.
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In various end-user industries such as aerospace, automotive, pharmaceutical, oil, electronics, coatings, chemical, and others graphene has found. Increasing demand from the electronics industry is likely to drive the growth of the graphene market. Growing pharmaceutical, oil, coatings, electronics, especially in North America and Asia-Pacific due to the growth of the commercial market, has increased the global graphene market over the forecast period.
Based on region, Asia-Pacific contributed to the highest market share in 2019, accounting for nearly two-fifths of the global market, and is estimated to maintain its dominance in terms of revenue by 2027. Moreover, this segment is projected to portray the fastest CAGR of 40.9% during the forecast period. The report also analyzes regions including North America, Europe, and LAMEA.
Surge in manufacturers of graphene, rise in demand for electronics applications, and utilization of composites & coatings drive the growth of the global graphene market. Asia-Pacific contributed to the highest market share in 2019, and is estimated to maintain its dominance in terms of revenue by 2027. Production activities of graphene have been stopped due to lockdown across many countries. Moreover, supply chain has been disrupted to a major extent.
The main applications of the global graphene are composites, energy storage, and electronics. The most comprehensive application section was provided by the electronics. Furthermore, the application in electronics is expected to be one of the fastest-growing graphene market applications in the coming years.
By application, the energy storage segment held the highest share in 2019, accounting for nearly one-third of the global grapheme market, and is projected to maintain its leadership status throughout the forecast period. However, the composites segment is expected to witness the highest CAGR of 41.2% from 2020 to 2027.
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By type, the graphene nano platelets segment accounted for more than three-fifths of the total market share in 2019, and is projected to maintain its lead position during the forecast period. However, the mono-layer & bi-layer graphene segment is expected to grow at the fastest CAGR of 42.0% from 2020 to 2027.
- Mono-layer & Bi-layer Graphene
- Few Layer Graphene (FLG)
- Graphene Oxide (GO)
- Graphene Nano Platelets (GNP)
- Production activities of graphene have been stopped due to lockdown across many countries. Moreover, supply chain in the chemical sector has been disrupted up to a major extent.
- The demand has been decreased considerably from the automotive industry as utilization of composites, batteries, and others have been hindered. However, the demand would surge steadily as manufacturing plants start day-to-day activities.
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 industry are KNV’S Incorporation ((KNV’S Inc.), Carborundum Universal Limited (CUMI), Hexorp, AVANSA Technology & Services (AVANSA), and Ad-Nano Technologies Pvt Ltd. (Ad-Nano).
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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