Graphene Market – Overview
The use of Graphene in a broad range of applications is spearheading the development of the market. Reports that gauge the material industry have been made available by Market Research Future which creates reports on several industry verticals that review the market growth and prospects. The market is projected to earn USD 811.40 million while advancing with a CAGR of 43.0 % by 2023.
The growth in the sectors of automotive, coatings, aerospace, energy, pharmaceutical, electronics and chemical is expected to create further impetus for the Graphene Market. The accelerated pace of industrialization and urbanization is projected to lead the Graphene Market in the coming years. Moreover, the demand for graphene-based products is anticipated to motivate the market in the forecast period.
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Segmental Analysis:
The segmentation of the Graphene Market is segmented on the basis of End Users, Type, and Region.
On the Basis of Type, the graphene market is segmented into graphene nanoplatelets (GNP), few layer graphene (FLG), graphene oxide (GO), mono-layer & bi-layer graphene, and others such as 3D graphene foams and pristine graphene.
On the Basis of End User Industry, the Graphene Market is segmented into pharmaceutical, automotive, aerospace, energy, electronics, coatings, chemical, and others such as composite, filtration, catalysts and adhesives.
On the Basis of Region, the Graphene Market is segmented into North America, Europe, Latin America, APAC, and Middle East & Africa.
Competitive Analysis:
The accessibility to key tactical opportunities leading to consequent stabilization of inflation is anticipated to create promising openings for expansion in the coming years. The progress of the market is expected to capture increased momentum in the coming years primarily due to the presence of conducive government policies. The growth turnaround in the market is expected to activate new opportunities for expansion of the market. The improvements in various domestic economies are expected to motivate the development of the market in the upcoming period. In the coming years, the influence exerted by relatively high-income levels in nations around the world and the potential gains observed to some of the currencies in the world is expected to reinforce the evolution of the market in the forecast period. A considerable rise in the number of investors in the market is projected to create an advantageous scenario for the progress of the market in the forecast period.
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The notable contenders in the Graphene Market globally are Vorbeck Materials (US), Graphene NanoChem (UK), XG Sciences, Inc. (US), CVD Equipment Corporation (US), Angstron Materials, Inc.(US), Graphene Laboratories, Inc. (US), Graphenea Inc. (US), BGT Materials Limited, Ltd (UK), Grafoid Inc (North America), Haydale Limited (UK), and others.
Industry Updates:
Apr 2019 Researchers at the Department of Electronic Systems at Norwegian University of Science and Technology's (NTNU) have achieved the building of UV LEDs by increasing AlGaN nanowires on graphene. A coating of graphene placed on glass shapes the substrate for the researchers' new diode that produces UV light.
Detailed Regional Analysis:
The regional evaluation of the Graphene Market includes regions such as North America, Europe, Latin America, APAC, and Middle East & Africa. The North American region is the biggest market of Graphene owing to the demand in diverse end user industry such as electronics and aerospace in Mexico, Canada, and US. The subsequent major market is the APAC region together with the countries of Japan, China, India, and South Korea owing to rising demand in aerospace, automotive, and chemical industry. The third major market of Graphene is the European region owing to rising countries of this region such as Italy, Germany, and France. The Latin American and Middle Eastern region is also witnessing in the development of the Graphene Market owing to different industrial applications such as pharmaceutical, automotive, aerospace, coatings, energy, electronics, chemical, and others.
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