The graphene market was worth more than USD xx billion in revenue in 2018 and is expected to cross USD xx billion in 2023, growing at a healthy CAGR of over xx% during the forecast period.
Graphene is a hexagonal nanostructure of carbon produced by vapor deposition and other methods using a variety of high carbon content sources. Graphene possesses high tensile strength and is lightweight in nature. Graphenes also exhibit excellent thermal and electrical conductivity, due to which they are used in a number of applications. They are primarily used in nano-electronics, optics, engineering materials and other applications. There are mainly produced by ion implantation, chemical vapour deposition (CVD), liquid-phase exfoliation, and epitaxial growth upon a silicon carbide substrate.
Based on the structure, graphene can be of following types, i.e. graphene sheets, graphene films, graphene nanoplatelets and others.
Rising demand for nanosized materials from various industries such as Electronics, Medical, Energy, Aerospace and other industries is likely to drive the graphene market. As graphenes are one of the major nano-sized raw materials for these industries, demand for nano-sized applications is expected to fuel the growth of this market. Demand for nanosized materials is actually increasing due rise in the need for sophisticated medical, electronics and other applications, which is in turn supported by the growing population and extra income in both developed and developing countries.
Drivers and Restraints of Graphene Market
Growing investments in nanosized applications in regions like Asia, Europe and the Americas are likely to offer tremendous possibilities for the graphene market in the future. As a result of accessibility to technology, governments and multinational businesses are investing in nanomaterials to be able to limit the overall production cost.
Graphene has a probability of volatility in supply and price due to its high cost and limitations on the quantity of commercial production. The market is still in its early phase, wide adoption and replacement of silicon and other materials will be a tough challenge for the market players.
Graphene Market by Region
The Americas were the largest consumer of graphene and this pattern is anticipated to continue to be identical over the following few years. Consumption in the Americas is showing an upward trend because of rising private investments in the USA. Growing demand for nanoelectronics, nanomedicine and other applications will drive the graphene market in the USA. Consumption of graphene in Asia is likely to grow at a reasonable rate next to the Americas. China and Japan were the largest consumers of graphene in this region. Europe is likely to grow at a significant rate due to demand from medical, aerospace and other industries.
Top players in this market include 2D Carbon Graphene Material Co, Ltd., ACS Material LLC, Adnano Technologies Pvt, Ltd., ACS Material, LLC., Advanced Graphene Products, Angstron Materials Inc., Applied Graphene Materials, PEN Inc, Bluestone Global Tech, CVD Equipment Corporation, Grafoid Inc., Graphenano, Graphene 3D Lab, Graphenea SA, Group NanoXplore Inc., Graphene Laboratories, Graphene Nanochem PLC, Haydale Graphene Industries PLC, Thomas Swan & Co, Ltd., Vorbrck Materials, Xiamen Knano Graphene Technology Co, Ltd., XG Sciences Inc., and Xolve.
The report covers exhaustive analysis on:
- Global Market Segments
- Global Market Size
- Supply & Demand
- Global Market Competitive Landscape
- Production Technology
- Global Market Value Chain
Regional analysis includes:
- Middle-East and Africa
- In depth summary of parent market
- Altering market characteristics in the industry
- Detailed market segmentation
- Historical and forecast market size in terms of value
- Current industry developments
- Competitive landscape
- Strategies of key players and products available
- Potential and niche segments, regions showing promising growth