Market Research Future published a Half-Cooked research report on Global Graphene Market Research Report – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023
The Global Graphene Market is estimated to witness growth with vigorous CAGR of 43.0% during the forecast period to become worth USD 811.40 million by the end of 2023. The Graphene is world’s strongest but thinnest material with higher thermal and electrical conductivity. These excellent properties along with the permeability and electron mobility resulted in widening its application across several industries. Owing to its light weight and excellent thermal and electrical properties, the material is likely to have applications across several industries. This factor is estimated to drive the Graphene Market Growth in coming years.
Increasing demand for lightweight and long-life material mainly across aerospace, automobile, and electronics are fueling growth of the Global Graphene Market. Additionally, some of the research institutes are collaborating with companies to develop more suitable products and composite materials. These collaborations and partnerships are estimated to drive the market growth.
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However, high production cost along with raw material are estimated to hamper growth of the Global Graphene Market. Additionally, this is likely to limit the entry of players in the market. Product commercialization is highly expensive and complex processes are hindering growth of the Global Graphene Market. Conventional manufacturing processes may have adverse health and environmental effects, which may hamper the product demand. This factor is also posing as a challenge to the Graphene Market Growth. Nonetheless, increasing adoption of composite materials is boosting demand for Graphene as it is widely sued with metals, ceramics, and polymers are estimated to offer most lucrative opportunities for growth over the forecast periods.
Due to the unique characteristics of Graphene, wide application range, and research and development spending has increased suggestively. For instance, the European Commission announced investment of nearly USD 1.4 billion in the Graphene Flagship project. The aforementioned factor is likely to boost the market growth. Further, the private companies including consumer electronics, specialty chemicals, steel, and energy are also investing in research and development (R&D) activities to gain their competitive advantage in the market.
Recently in October 2019, 2D fab collaborated with SAAB and Blackwing Sweden developed a new graphene to be used in the aviation industry. This Graphene offers increased protection and strength.
In October 2019, S-KORP 1 launched the aero bicycle which is made from Graphene. Founder of Studio Lata and industrial designer Andre Fangueiro has joined with S-KORP 1 to redefine the rules of bicycle design. Thus, they have utilized aerospace materials.
The Key Players Operating in the Global Graphene Market include CVD Equipment Corporation, Graphene NanoChem, Vorbeck Materials, XG Sciences, Inc., Graphene Laboratories, Inc., Angstron Materials, Inc., BGT Materials Limited, Ltd, Grafoid Inc, Graphenea Inc., and Haydale Limited.
The Graphene Market is segmented based on Type, End-Use Industry, and Region.
In terms of Type, the Global Graphene Market is categorized into graphene nanoplatelets (GNP), graphene oxide (GO), mono-layer & bi-layer graphene, few layer graphene (FLG), and others.
Based on the End-Use Industry, the market is segmented into automotive, pharmaceutical, aerospace, energy, electronics, coatings, chemical, and others.
Based on the Region, the market is segmented into Europe, the Americas, Asia Pacific, the Middle East, and Africa. Of these, the Americas are estimated hold strong position in the overall market owing to strong foothold of several key players in the region along with their robust manufacturing capabilities. However, the Asia Pacific is anticipated to exhibit fastest CAGR during the forecast period owing to thriving electronics industry in the region. Additionally, increasing investment for research and development to develop a renewable power generation sector are estimated to surge the demand in coming future. Presence of countries such as China, Japan, and Korea, which are considered as key regions for the electronics manufacturing. China is estimated to witness the promising growth during the forecast period owing to several favorable governmental policies in the region.
Browse Key Industry Insights spread across 140 pages with 35 market data tables & 11 figures & charts from the report, “Graphene Market Information- by Type (Graphene Oxide (GO), Graphene Nanoplatelets (GNP), Few Layer Graphene (FLG), Mono-Layer & Bi-Layer Graphene, and Others), End Use Industry (Automotive, Aerospace, Pharmaceutical, Energy, Coatings, Electronics, Chemical, and Others) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast 2023” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/graphene-market-2987
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