Segmental Analysis:
The Graphene Market is segmented on the basis of End Users, Type and Region.
On the basis of Types, the Graphene Market is segmented into graphene nanoplatelets (GNP), graphene oxide (GO), few layer graphene (FLG), mono-layer & bi-layer graphene, and others such as pristine graphene and 3D graphene foams.
The End-User Based Segmentation of the market comprises of pharmaceutical, automotive, aerospace, coatings, electronics, energy, chemical, and others such as catalysts, composite, adhesives, and filtration.
The Regions in the market are segmented into Europe, Latin America, Middle East, APAC, North America and Africa.
Graphene Market – Overview:
The physical properties of graphene have induced the development of demand for Graphene from various applications. Market reports connected with the materials industry have been presented by Market Research Future which makes reports on other industry verticals that aims to analyze the current market scenarios better. The market is set to achieve USD 811.40 million in revenues while expanding with a CAGR of 43.0 % in the forecast period between 2016 and 2023.
The durability and the sleekness of the structure of graphene has initiated its use in various cutting-edge applications that can potentially address various issues. The application of graphene in aerospace, pharmaceutical, energy, coatings is anticipated to further propel the development in the forecast period.
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Detailed Regional Analysis:
The regional analysis of the Graphene Market comprises of regions such as Europe, Latin America, Middle East, APAC, North America and Africa. The North American region is the chief market for graphene owing to the demand from various end-user industry such as electronics and aerospace in nations such as Mexico, Canada, and the US. The next principal market in the market is the APAC region comprising nations such as Japan, China, India, and South Korea owing to the growing demand in aerospace, automotive, and chemical industry. The third prime market for graphene is the European region owing to emerging countries present in this region such as Italy, Germany, and France. The Latin American and Middle Eastern regions also observed considerable growth in the Graphene Market owing to many industrial applications such as aerospace, automotive, pharmaceutical, energy, electronics, coatings, chemical, among others.
Competitive Analysis:
Significant reductions in administrative costs are inducing further expansion of the market. The vertical additions and product tactics of the market are boosting the potential of the market players. The development of a robust value chain is further motivating the development of the market. The strategic goals intended for the market are reinforced due to favorable product differentiation carried out by market competitors. The growth of the market is moving in a favorable direction due to new product launches or rising gross revenue of the players in the market. Increased adaptability of market players to new market trends and customers inclinations are lifting the growth curve of the market and will continue do so in the forecast period. The successful implementation of strategies is expected to motivate the market in the coming years.
The significant contenders in the Graphene Market globally are Vorbeck Materials (US), Angstron Materials, Inc. (US), Graphene NanoChem (UK), XG Sciences, Inc. (US), CVD Equipment Corporation (US), Graphene Laboratories, Inc. (US), Graphenea Inc. (US), Grafoid Inc (North America), BGT Materials Limited, Ltd (UK), Haydale Limited (UK), and Others.
Industry Updates:
Dec 2018 Researchers from China Jiliang University have formed a new graphene-based sensor that can instantaneously spot multiple substances like bacteria and other pathogens in food before it is stocked in the supermarket shelves.
Jan 2019 The researchers from Brown University, US, who are familiar with unique 3D printing materials have used 3D printing to make a smart composite material out of graphene oxide and alginate extracted from seaweed that can change in reaction to its environment.
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