Graphene Market Size, Share, Trends & Forecast:
The global graphene market size is estimated to reach USD 221.4 million by 2025 with a CAGR of 47.7% during the period 2020 - 2025.
Graphene's rare properties make it one of the world's most exciting materials. Being the thinnest and most durable material on Earth, graphene is almost 150 times stronger than the same weight of steel. It can conduct electricity more than 200 times more efficiently than silicon and is made entirely of carbon. It is difficult to think of an industry or technology that wouldn't likely be transformed if graphene lives up to the hype.
Recent Developments:
The inclusion of graphene in the Huawei Mate 20X is pretty big news. The graphene film used is excellent at dissipating heat is used in conjunction with a vapor chamber to keep the Mate 20 X cool even while the CPU and GPU are being pushed to their limit.
In hot countries, a wall that quickly dissipates heat will automatically make the house cooler without the requirement for expensive air-con. Graphene-infused cement could also intend integrated conductive strips of graphene around the home for lighting and in-floor heating.
Market Drivers and Restraints:
Graphene has a lot of potentials, and it will mostly succeed since it is found in various end-user industries such as automotive, aerospace, pharmaceutical, energy, electronics and chemical. This increasing demand for graphene in all these industries is likely to drive the graphene market growth.
Even though graphene has considerable potential, it will take a lot of hard work, at least for the next 5 to 10 years to make this the best material in reality. Pricing is also one of the significant restraining factors and manufacturers have been investing increasingly in the development of new technologies to reduce production costs.
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Report Segmented as:
By Application
• Sensors
• Energy Storage
• Functional Ink
• Composites
• Polymer Additives
• Research and Development
By Product Type
• Graphene Nanoplatelets
• Graphene oxide
• Monolayer and bi-layer graphene
• Few layers graphene
Geographical Segmentation
North America, in terms of revenue, led with a 32.8% market share in 2017 and is likely to contribute up to US$12.5 million to the global market by 2025. The Asia Pacific is expected to witness the rapid growth in demand over the forecast period. The thriving electronics sector has been a significant factor contributing to the regional product demand.
Key market players:
1. CVD Equipment Corporation
2. Graphene Laboratories, Inc.
3. Vorbeck Materials
4. Graphene NanoChem
5. XG Sciences
6. Angstron Materials,
7. BGT Materials Limited
8. Grafoid Inc
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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level.
Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategic activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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