Overview:
Graphene can be defined as a crystalline allotrope with carbon displaying 2-dimensional properties. The built is more like a densely packed pattern with hexagonal, regular atomic-scale chicken wire. It holds graphite and diamond at its centre. Market Research Future (MRFR) revealed in recently published report that the Global Graphene Market can grow with a robust 43% CAGR during the forecast years (2016-2023). The process would also include surpassing of a valuation of USD 811.4 million by the end of 2023.
The growth of the Graphene Market is depending much on its ingress in various associated industries like pharmaceutical, automotive, aerospace, coatings, energy, chemical, electronics, and others due to which the Global Graphene Market. It would also gain from its participance in nanotechnology.
However, its health hazards and high cost can be major market deterrent. Especially, the 2D model of Graphene poses health issues due to which the Global Graphene Market can slow down a bit.
Competitive Landscape:
MRFR’s profiling of the Major Companies in the Global Graphene Market includes NanoChem (UK), Angstron Materials, Inc. (US), Vorbeck Materials (US), CVD Equipment Corporation (US), XG Sciences, Inc. (the US), Graphenea Inc. (US), Graphene Laboratories, Inc. (the US), Grafoid Inc. (North America), BGT Materials Limited, Ltd (UK), and Haydale Limited (UK). Such a detailed profiling is an attempt to understand global trends that can decipher the market course for the future.
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In August 2019, a research report came out describing the impact of graphene-based textile as a possible mosquito repellant. Researchers at the Brown University revealed that films of reduced graphene oxide (rGO) can be bite-resistant and prevent chemicals from letting mosquitoes detect the presence of skin.
Segmentation:
MRFR’s Study of the Graphene Market has its roots in a segmentation based on Type and End-Users. The detailed report tries to understand the feasibility and viability of various factors that can ensure the market growth.
Based on the Type, the Graphene Market comprises graphene nanoplatelets (GNP), graphene oxide (GO), monolayer & bi-layer graphene, few-layer graphene (FLG), and others (3D graphene foams, pristine graphene). Graphene oxide is easy in application and popular among end-users due to which it can have better market growth in the coming years.
By End-Users, the Graphene Market includes electronics, pharmaceutical, chemical, energy, coatings, aerospace, automotive, and others (composite, catalysts, filtration, adhesives). The energy sector would market high growth as Solar panels, Li-ion batteries are expected to garner better profits.
Regional Analysis:
The Report on the Global Graphene Market, as studied by MRFR, has its arguments based on the inclusion of regions like North America, Asia Pacific (APAC), Europe, Latin America, and Middle East & Africa (MEA). The analysis charts a course that specifically focuses on unravelling various dynamics that can be of great importance.
North America contributes the most to this Graphene Market’s growth. It would also fetch substantial revenue by growing up with significant CAGR during the forecast period. Rapid industrialization is one big reason contributing substantially in the growth of the market and various end-user industries are providing support to ensure that the growth continues. The electronics and aerospace sectors are making ground-breaking changes in countries like the U.S., Canada, and Mexico. The U.S. is helming the regional market.
Europe’s growth is quite substantial and its growth in the coming years would depend on features that are like that of North America. Its popularity among the end-users is expected to provide traction to the market. The regulatory framework is also pushing the market ahead by assisting it in innovation.
The APAC market is holding the second spot with global industries showing significant affinity for the APAC market when it comes to include the region in their expansion plan. The cost-affordable labor and exports are impacting the global market due to which the regional market is surging. India, China, and Japan are countries expected to contribute substantially in the growth of the regional market.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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