Graphene Market: U.S. Is Expected To Exhibit Significant Growth By 2028

 Graphene Industry Overview

The global graphene market size is expected to reach USD 1.6 billion by 2028, registering a CAGR of 43.2% over the forecast period, according to a new report by Grand View Research, Inc. The growing research activities in graphene-based energy storage technologies coupled with the rising use of graphene in membrane separation are projected to benefit the market growth. Key application areas of graphene include electronics, biomedical technologies, energy storage, composites & coatings, and water & wastewater treatment. Growing focus on miniaturization is one of the primary factors driving graphene research across the globe. Graphene exhibits the potential to revolutionize the semiconductor industry owing to its conductivity and extremely thin nature.

 

Lack of viable, cost-effective mass production technology happens to be the major bottleneck restraining the full-fledged adoption of graphene. There have been continuous efforts for research and development to enhance the quality of the materials produced and develop superior graphene nanoplatelets and graphene oxide films. A major share of key players is concentrated in developed regions, hence regional partnership and distribution agreements are the key strategic initiatives adopted by market participants. In 2020, Applied Graphene Materials was one of the major manufacturers that signed several distribution agreements with various other regional players to establish its market presence.


Graphene Market Segmentation

Grand View Research has segmented the global graphene market on the basis of material, application, and region:

Based on the Material Insights, the market is segmented into Graphene Nanoplatelets, Graphene Oxide, Reduced Graphene Oxide, and Others.

  • Graphene nanoplatelets improve the mechanical and tribological behavior, increasing the barrier properties and thermal conductivity of the material. The graphene nanoplatelets are added to polymer matrices to enhance their mechanical behavior, chemical resistance, and their lifetime. Thus, the growing demand for graphene nanoplatelets is likely to fuel market growth.
  • Graphene oxide is widely used in a range of applications including transparent conductive films for various smartphones, supercapacitors, optoelectronic devices, flexible electronic devices, and medical devices. Its superior properties including superior thermal and electrical conductivity, transparency, permeability, and strength play a major role in boosting its demand.

 

Based on the Application Insights, the market is segmented into Electronics, Composites, Energy, and Others.

  • Graphene is increasingly used as an additive in resin matrices and other materials to improve mechanical properties, such as thermal and electrical conductivity, durability, stiffness, flexibility, fire resistance, UV resistance, and weight reduction. In addition, it is used in aircraft wings to drastically reduce its weight, which, thereby, increases fuel efficiency.
  • Graphene-based devices have low manufacturing costs, which promotes their demand in IoT networks, wearable healthcare monitoring, Electric Vehicles (EVs), and others. It offers multiple benefits, which help in enhancing many existing technologies in the electronics industry.

 

Graphene Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Key Companies Profile & Market Share Insights

The global market is highly concentrated and is majorly consolidated in the developed regions, such as North America and Europe. The market has a large number of suppliers and manufacturers in China. Increasing efforts on R&D undertaken by several multinational corporations and research institutes are likely to boost the market growth. The primary customer base of companies includes research institutes. However, industrial sales of these companies are expected to increase over the next few years due to the high product demand from the electronic, automotive, aerospace, and other application industries. Some prominent players in the global graphene market include:

  • Angstron Materials, Inc.
  • ACS Material, LLC
  • BGT Materials Ltd.
  • CVD Equipment Corp.
  • Directa Plus SpA
  • Grafoid Inc.
  • Graphenea
  • Graphene NanoChem
  • NanoXplore, Inc.
  • G6 Materials Corp.
  • XGSciences
  • Thomas Swan & Co. Ltd.
  • 2D Carbon Graphene Material Co., Ltd.
  • Haydale Graphene Industries plc
  • Applied Graphene Materials (AGM)

 

Order a free sample PDF of the Graphene Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter

Comments

Post a Comment

Popular posts from this blog

Europe Homogeneous Precious Metal Catalyst Market Players: Johnson Matthey, Clariant AG, Haldor Topsoe, And Umicore

  Europe Homogeneous Precious Metal Catalyst Industry Overview The Europe homogeneous precious metal catalyst market size to be valued at USD 2.4 billion by 2028 and is expected to grow at a compound annual growth rate (CAGR) of 18.9% during the forecast period. Increasing preference for homogeneous catalysts over heterogeneous ones owing to their specific features, especially associated with selectivity, augment the market growth. The market is also expected to witness a significant hike in demand amid the Covid-19 pandemic as PGM catalysts are utilized in the formulation of several APIs, such as a few antibiotics used for Covid-19 treatment. Homogeneous precious metal catalysts, the directed synthesis of a composite organic intermediate, can be completed catalytically to deliver a product that could not be obtained by other means. A homogeneous catalytic way can enhance the product superiority as well as the complete economics of a present process. Several proven homogeneous ca...
Read more

Active Pharmaceutical Ingredients Market Experiencing Unprecedented Expansion Driven by Escalating Demand for Biosimilars

 The global active pharmaceutical ingredients market is part of the multifaceted pharmaceutical ecosystem driven primarily by innovation and regulatory compliance. The industry serves as the foundation for drug formulation and production. Active pharmaceutical ingredients (API) are active ingredients in medicine that produce the desired therapeutic effects. In recent years, the API market has witnessed significant growth and transformation, influenced by factors such as technological advancements, regulatory reforms, and changing healthcare landscapes. In the early days of pharmaceutical manufacturing, drug formulations were relatively simple, and APIs were primarily sourced from natural substances. However, with the advent of synthetic chemistry and molecular biology, the landscape of API production underwent a paradigm shift. Pharmaceutical companies began to invest in research and development to discover novel APIs, leading to the rise of innovative drug therapies.   Acc...
Read more

Thermal Barrier Coatings Market: North America Dominated And Accounted For The Largest Revenue Share

  Thermal Barrier Coatings Industry Overview The global  thermal barrier coatings market  size is expected to reach USD 21.69 billion by 2028, growing at a CAGR of 4.8% over the forecast period, according to a new study by Grand View Research, Inc. Increasing demand for advanced heat resistant coatings from several end-use industries including energy, automotive, and aerospace is expected to have a positive impact on the market growth in the coming years. The growing scope of applications in gas turbines, which are widely used across the energy sector, is also expected to propel the product demand. The Electron-Beam Physical Vapor Deposition (EBPVD) technology segment is estimated to witness significant growth over the forecast period. EBPVD thermal barrier coatings are widely used for gas turbine engine components to improve engine durability and efficiency. The growing gas turbine market is anticipated to significantly drive the demand for EBPVD thermal barrier coatin...
Read more