The global graphene market size is expected to grow from USD 620 million in 2020 to USD 1,479 million by 2025, at a CAGR of 19.0% during the forecast period. Graphene is extensively being used in the automotive & transportation, aerospace, electronics, military & defense and other end-use industries. The increasing use of graphene-based composites materials in the automotive & transportation end-use industry is expected to drive the demand.
Bulk graphen type of graphene comprises a major share of the graphene market in terms of value and volume.
Bulk graphene type includes graphene nanoplatelets (GNPs), graphene oxide, reduced graphene oxide, and other forms of graphene. Graphene oxide is an oxidized form of graphene available in powder and dispersion forms. So, when deposited on any substrate, it can easily be converted into a conductor, making it feasible for the production of transparent conductive films, chemical sensors, flexible electronics, and touch screens. The low cost and ease of production make graphene oxide a preferred graphene type in major applications such as rust-free coatings and flexible composite materials. Graphene nanoplatelets (GNP) are available in flakes and layers of graphite that are prepared depending on the requirements of end users. GNPs are widely used in ink formulation, conductive inks, printed electronics, coatings, energy storage, nanocomposite materials, and lithium-ion (Li-ion) batteries, and other applications, as they are lightweight and have a long life-span. They are also heat resistant and cost-effective.
To know about the assumptions considered for the study download the pdf brochure
COVID-19 has disrupted the supply chain and reduced the demand for graphene-based composites and electronic devices in the automotive and aerospace industry. This reduced demand has resulted in less graphene consumption in 2020. As end-use industries are recovering from sales decline in 2020, the demand for graphene is expected to regain post 2020.
The composites application accounts for the largest market share in the global graphene market during the forecasted period in terms of value and volume
The composite application segment held the largest share in the graphene market in 2019. This high share is owing to the established applications of graphene in composite components. Weight reduction is a major challenge in various end-use industries such as aerospace, automotive, and sporting goods. Graphene enhances the conductivity and strength of composite materials while maintaining their flexibility. Graphene-based composites are used in various end-use industries such as aerospace, automotive & trasportation, medical implants, sports equipment, and among others.These industries are expected to drive the demand for graphene in the future.
The COVID-19 pandemic has had an adverse effect on the value chain of the composites industry in 2020, with disruption of the supply chain and less demand from end-use applications. This led to reduced demand for graphene-based composites in 2020.
The automotive & transportation end-use industry accounted for the largest market share in the global graphene market during the forecast period in terms of value and volume.
Graphene has various applications in the automotive industry. It is mostly used as additives. When mixed with rubber, it increases both durability and grip of tires. Graphene can be used as additive in composites for making body panels. It increases the structural properties of composites to make body part stronger and lighter, also can help in increasing mechanical as well as thermal performance of vehicles. As the automotive industry is moving towards e-mobility and looking to reduce vehicle weight and increase the performance of batteries, graphene plays an important role in achieving these goals. These factors are expected to drive the graphene market in automotive & transportation end-use industry.
APAC is expected to account for the largest market share in the graphene market during the forecast period.
APAC accounted for the largest market share in the global graphene market in 2019. A number of graphene manufacturers in countries such as China, Japan, South Kora, India, and Australia are contributing to the growth of the regional market. These manufacturers are focusing on R&D activities in collaborations with various research institutes and universities for the development of graphene products. APAC has the highest number of manufacturers of automotive vehicles, electric batteries, and electronics components; these are the major applications where graphene is used. The presence of major end-use industries drives the graphene market in the APAC region.
However, the COVID-19 outbreak has affected the demand for graphene in the region. On the positive side, support packages offered by governments of various countries will help to maintain the liquidity in end-use industry. Such initiatives coupled with recovery in the application industries will increase the demand for graphene in APAC and European region.
The key players in graphene market the NanoXplore Inc. (US), Graphenea SA (Spain), Avanzare Innovacion Tecnologica S.L. (Spain), Global Graphene Group (US), Directa Plus S.p.A. (Italy), Haydale Graphene Industries Plc (Italy), Changzhou Sixth Element Materials Technology Co., Ltd. (China), and Ningbo Morsh Technology Co., Ltd. (China), Nanjing XFNANO Materials Co., Ltd., Xiamen Knano Graphene Technology Corporation Limited, (China), and JCNANO Tech Co., Ltd. (China) and among others. These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the graphene market. These players have taken different organic and inorganic developmental strategies over the past five years.
Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=83933068
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Address:630 Dundee Road Suite 430
State: IL 60062
Country: United States