Published: March 2020 | Report Code: CM11980 | Available Format: PDF | Pages: 154
Powder Form to Generate Highest Revenue in Graphene Market
Valuing $87.5 million in 2019, the global graphene market is expected to grow to $646.8 million by 2030, witnessing a CAGR of 20.2% during the forecast period (2020–2030). The key reasons behind the robust advance of the market are the increasing demand for graphene in the electrical & electronics industry and widening applications of the compound in the medical sector.
Segmentation Analysis of Graphene Market
The powder category would hold the largest share in the graphene market till 2030, on the basis of form. This is attributed to the high preference for this form of the compound for printing technologies, sensors, and batteries. Further, it is easier to handle graphene in its powder form, than in the form of flakes and dispersion.
Composites are expected to be the fastest growing division in the graphene market during forecast period, under the application segment. This is attributed to the rising adoption of the material for polymer and metal composites, as it offers appreciable strength and electrical conductivity. Additionally, graphene composites are expected to be widely utilized in the production of medical implants, engineering materials for aerospace, and renewables, owing to the rising research and development (R&D) projects being initiated in this regard.
Asia-Pacific (APAC) was the largest region in the graphene market throughout the historical period (2014–2019), as the consumption of the compound in the medical, electrical & electronics, and energy sectors of China is quite high. Further, the application of graphene in the automotive and aerospace industries of regional countries, including India, China, and South Korea, is rising.
Product Commercialization is Biggest Trend in Market
The most important trend being seen in the graphene market currently is the commercialization of this material. This has majorly been a result of the easy availability of graphene and extensive R&D being done to widen its application area. Moreover, sheets and flakes of the material were earlier majorly used in laboratories, but with the commercialization of these forms, their consumption in the production of sports goods, digital displays, automotive coatings, and conductive inks is growing rapidly.
Widening Medical Application of Graphene is Key Market Driver
One of the most important graphene market growth drivers is the increasing number of application of the material in the medical sector. Owing to its thinness and high strength, its usage in the manufacturing of bioelectric sensors, which track the level of hemoglobin, glucose, and cholesterol, as well as those used in testing for deoxyribonucleic acid (DNA), is rising. Further, graphene is also used in therapeutic tools, dental implants, prosthesis devices, and treatment of cancer. Additionally, research is being conducted to combine graphene nanomaterials with vaccine carriers, medications, and nano adjuvants, so these materials can be more compatible with human immune cells.
R&D Activities to Find New Application Areas Offer Growth Opportunities
Players in the graphene market can make the most of the opportunities being created by the growing R&D and investments, aimed at widening the application scope of the material, especially in the biomedical and electrical & electronics sectors. The R&D is primarily supported by graphene’s potential to be utilized in enhanced batteries, flexible and foldable screens, medical devices, and electric vehicles. In December 2019, the European Union (EU), via its Graphene Flagship initiative, invested $50.4 million (EUR 45 million) in 11 commercialization projects, being pursued by Siemens AG, ABB Ltd., and numerous others leading manufacturing firms. An additional funding of $52.6 million (EUR 47 million) is predicted to be made by the partnering firms for developing advanced graphene-based products.
Market Players Introducing New Products to Target Customers
A variety of new products are being launched by the companies operating in the graphene market, in order to make new customers and increase their hold on the industry. For instance, in March 2020, the Albany Pure line of graphene products was launched by ZEN Graphene Solutions Ltd., with an aim to expand its portfolio via the addition of graphene oxide, graphene quantum dots, and reduced graphene oxide.
Similarly, in January 2020, Micro Powders Inc. and Garmor Inc. together unveiled the next-generation anti-corrosion additive, GraphShield 730, for powder coating purposes. The aim of Micro Powders behind the collaboration was to add nanocomposite additive powders to its portfolio.
|Market Size by Segments||Form, Application|
|Market Size of Geographies||U.S., Canada, Germany, Spain, U.K., Italy, China, India, Japan, South Korea, Brazil, Turkey|
|Market Players||The Sixth Element (Changzhou) Materials Technology Co. Ltd., Angstron Materials Inc., Deyangene Carbon Technology Co. Ltd., Ningbo Moxi Technology Co. Ltd., Xiamen Knano Graphene Technology Co. Ltd., XG Sciences Inc., Applied Graphene Materials plc, 2-DTech Graphene, Graphenea S.A., ACS Material LLC, NanoXplore Inc., Thomas Swan & Co. Ltd., Vorbeck Materials, 2D Carbon Graphene Material Co. Ltd., Ad-Nano Technologies Private Limited, AMO GmbH, First Graphene Ltd., G6 Materials Corp., Graphene Leaders Canada Inc., Graphene-XT, Haydale Graphene Industries plc, Nanjing XFNANO Materials Tech Co. Ltd., Talga Resources Ltd.|
The major players in the graphene market are The Sixth Element (Changzhou) Materials Technology Co. Ltd., Angstron Materials Inc., Deyangene Carbon Technology Co. Ltd., Ningbo Moxi Technology Co. Ltd., Xiamen Knano Graphene Technology Co. Ltd., XG Sciences Inc., Applied Graphene Materials, 2D-Tech Graphene, Graphenea S.A., NanoXplore Inc., Thomas Swan and Co. Ltd., and ACS Material LLC.
2D Carbon Graphene Material Co. Ltd., Ad-Nano Technologies Private Limited, Aixtron AG, AMO GmbH, Asbury Carbons Inc., Cambridge Nanosystems, Canada Carbon Inc., DIRECTA PLUS S.p.A, Dotz Nano, Elcora Advanced Materials Corp., First Graphene Limited, Garmor Inc., GRAFENTEK, Graphene 3D Lab, Graphene Leaders Canada, Graphene Square Inc., Graphene-XT, Haydale Limited, Incubation Alliance Inc., Jiangmen Daxing Knitting Co. Ltd., Micro Powders Inc., NANOCHEMAZONE, Northern Graphite Corporation, Ontario Graphite Ltd., planarTECH LLC, Saint Jean Carbon Inc., Sigma Industries Inc., and Talga Resources Ltd. are some other key global graphene market players.
Market Size Breakdown by Segment
The graphene market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.
Based on Form
Based on Application
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