WASHINGTON, Jan. 20, 2022 (GLOBE NEWSWIRE) — The global graphene market size is expected to reach 2525.7 million by 2028, showing a compound annual growth rate (CAGR) of 19.5% over the forecast period from 2021 to 2028. Rising Consumer Demand for electronics such as mobile phones and tablets and increasing consumer purchasing power are some of the factors driving the growth of the graphene market in the coming years. In addition, the use of graphene oxide-based transparent conductive films in the automotive industry is also boosting the market growth. On the other hand, the risks of the graphene production process and the toxic nature of graphene are the main obstacle in the development of the graphene market. While the large-scale production of graphene using value-added chemicals and increasing research and development activities is expected to witness various growth opportunities for the graphene market, Vantage Market Research explains, in a report titled “Graphene Market by Material (graphene nanoparticles, graphene oxide, reduced graphene oxide, etc.), by Application (composites, paints, coatings, inks, energy storage and harvesting, electronics), by end use (automobiles and transportation, aerospace, electronics) and military and defense), by region (North America, Europe, Asia Pacific, and Latin America) – Global Industry Assessment (2016-2021) and Forecast (2022-2028). The market size reached 725.8 million in 2021.
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- In-depth industry analysis, introduction, overview, and outbreak of the COVID-19 pandemic.
- Impact Analysis 140+ Pages Research Report (including the latest research).
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Increasing use of graphene in the automotive industry leads to market growth
Graphene is mainly used in the automotive industry for various purposes such as car batteries, anti-braking systems, composite structural components, tires, etc. This increasing demand is expected to drive the growth of the graphene market in the coming years. For example, Nanjing XFNANO Materials Co., Ltd. started. , industrial fluorinated graphene, 1000 ton per year graphene dispersion production line. This expansion helped the company to enter large-scale industrial production of graphene dispersion and powder. In addition, many organizations and companies are interested in research and development (R&D) activities for graphene materials to make them commercial and create a cost-effective product. This flexible and more efficient R&D activity fuels the growth of the graphene market in the coming years.
Analysis of the impact of COVID-19:
The COVID-19 outbreak has affected many industries around the world. the graphene market is no exception. Governments around the world have taken drastic measures such as closing borders, lockdowns, and implementing strict social distancing measures, in order to stem the rapid spread of COVID-19. These measures have had a severe impact on the global economy affecting various industries. The impact of COVID-19 on market demand is considered while estimating the current and projected market size and market growth trends for all regions and countries based on the following data points:
- Assessing the impact of the COVID-19 pandemic
- North America
- Asia Pacific
- Latin america
- Middle East and Africa
- Quarterly Market Revenue Forecasts by Region 2020 and 2021
- Key strategies companies have taken to tackle COVID-19
- long term dynamics
- short term dynamics
The report highlights the graphene market:
- Market assessment
- Company Profile
- Distinctive insights
- Competitive scene
- Historical data, estimates and forecasts
- Analysis of the impact of COVID
- global and regional dynamics
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Asia Pacific to dominate the market
The Asia Pacific region is expected to witness the largest market share in 2021. This is attributed to the large presence of graphene manufacturers in countries such as South Korea, India, China, Australia and Japan. In addition, these manufacturers focus on various research activities at the time of new product development. Moreover, the availability of a large number of electric batteries, electronic components and automobile vehicles are the main factors driving the growth of the market in this region.
List of Prominent Players in Graphene Market:
- Angstron Materials, Inc.
- Article ACS LLC
- BGT Materials Ltd.
- CVD Equipment Corporation.
- Directa Plus SpA
- Graveweed Company
- Graphene NanoChem
- NanoXplore, Inc.
- G6 Material Company.
- Thomas Swan & Company Limited.
- 2D Carbon Graphene Material Co., Ltd.
- Hydal Graphene Industries plc
- Applied Graphene Materials (AGM)
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Key questions answered in the report:
- Which regional market will show the highest rapid growth rate?
- Who are the top five players in the graphene market?
- How will the graphene market change in the next six years?
- What application and product will take the lion’s share in the graphene market?
- What are the drivers and restraints of the graphene market?
- What will be the CAGR and market size of the Graphene market during the forecast period?
June 2021: NanoXplore Inc has announced that it has entered into a multi-year supply and distribution agreement with Gerdau Grafeno LTDA. Gerdau Graphene’s strategic relationship with NanoXplore will provide access to graphene on an industrial scale.
December 2020: Graphenea SA has introduced two new graphene-based sensors called S11 and S12 into its GEFT sensor product line. The launch of this product helped the company expand the segment of graphene-based sensors.
September 2019: Directa Plus SpA has been granted a patent for a new tissue membrane utilizing G+graphene nanoparticles. The company will market the technology under the Grafytherm and Grafyshield brands and says it will provide a range of performance functionality.
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This market is entitledgraphene market“Exclusive information in terms of regional analysis, forecasting, quantitative data – units, major market trends and various other information as mentioned below:
|Market size in 2021||725.8 million|
|Expected market size in 2028||2525.7 million|
|CAGR growth rate||A compound annual growth rate of 19.5% from 2022 to 2028|
|Historic years||2016 – 2020|
|prediction years||2022 – 2028|
|covered slices||Material: – graphene nanoparticles, graphene oxide, reduced graphene oxide
Application: – Vehicles, paints, coatings, inks, energy storage and harvesting
End use: – Automotive, transportation, aerospace and electronics
|Quantitative data – units||Revenues in US$ Million/Billion and CAGR from 2022 to 2028|
|Covered areas||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Countries covered||United States, Canada, Mexico, United Kingdom, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC countries and South Africa, among others|
|Report coverage||Market growth drivers, constraints, opportunities, Porter’s Five Forces analysis, PEST analysis, value chain analysis, organizational landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
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