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Bangalore, India, March 5, 2021/PRNewswire/ - Graphene market by type (single-layer and double-layer graphene, few-layer graphene, graphene oxide and graphene nanosheets) and application (RFID, composite Materials, sensors, research and development, energy storage, functional inks and polymer additives, tires, coatings and others): global opportunity analysis and industry forecasts for 2021-2027. This report is published on the evaluation report of the industrial materials and equipment category.
The global graphene market size in 2019 was US$87.5 million, and it is expected to reach US$876.8 million by 2027, with a compound annual growth rate of 40.2% from 2020 to 2027.
The main factors driving the growth of the graphene market are the increase in purchasing power, the increasing demand for consumer electronic products such as tablets and mobile phones, and the increasing penetration of products in various applications, including energy storage, semiconductors and sensors.
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Trends affecting the growth of the graphene market
It is expected that during the forecast period, increasing the application of graphene in electronic devices for energy storage will drive the graphene market. Adding graphene to batteries can greatly improve their performance. The energy density can be increased tenfold, allowing the smartphone to be used for several days without charging. In addition, graphene-based memory chips may increase the storage capacity of smart phones, reduce power consumption and increase memory access speed.
Graphene has a wide range of excellent properties, including strength, flexibility, light weight and electrical conductivity. Combining graphene with composite materials is one of the simplest and most powerful ways to unlock its capabilities. Due to its excellent product characteristics such as high strength and light weight, graphene composite materials are expected to be used in the automotive and aerospace industries. This wide application in various industries is expected to increase the growth of the graphene market.
In addition, factors such as fire resistance, durability, non-toxicity, heat resistance, and tensile strength have promoted the growth of the graphene market. The increasing demand for anti-rust coatings, printed electronics and conductive inks has led to an increase in the consumption of graphene in the advanced materials market.
However, the toxicity of graphene and the risks involved in the graphene production stage may hinder the growth of the graphene market. Due to its flammability, graphene requires careful and precise handling. Regulatory compliance with flammable materials are several other factors that inhibit the growth of the graphene market.
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Depending on the type, graphene nanosheets are expected to show the highest growth during the forecast period.
This rapid growth is attributed to their wide range of applications in various fields, including aerospace, telecommunications, medical and energy storage, and power generation.
Through applications, the composite material segment is expected to achieve the highest growth during the forecast period due to its power and weight enhancement capabilities.
They are used in many industries, including production, automotive, and aerospace. By applying a small amount of graphene to materials such as metals, polymers, and ceramics, manufacturers can produce solid and lightweight materials with high electrical conductivity and heat resistance.
The Asia-Pacific region will dominate in 2019 and will continue to maintain its leading position during the forecast period.
Due to its excellent electrical and thermal conductivity, graphene is mainly used in the electronics and automotive industries. The electronics and automotive industries in the Asia-Pacific region are rising rapidly, and they are large end users of graphene.
North America accounted for the second largest graphene market share in 2019 and is expected to maintain its dominant position during the forecast period.
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Some of the major players operating in the global graphene market are ACS Material LLC, Bluestone Global Tech, CVD Equipment Corporation, Graphene Nanochem PLC, Graphenea SA, G6 Materials, Haydale Limited, Nanotek Instruments Inc., Vorbrck Materials, and XG Sciences.
Some of the major Indian players introduced in the graphene market are KNV'S Incorporation ((KNV'S Inc.), Carborundum Universal Limited (CUMI), Hexorp, AVANSA Technology & Services (AVANSA) and Ad-Nano Technologies Pvt Ltd. (Ad-Nano) ).
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-The graphene battery market is valued at US$48.8 million in 2019 and is expected to reach US$398.6 million by 2027, with a compound annual growth rate of 31.2% during the forecast period.
-The scale of the graphene electronics market is expected to reach USD 1.0915 million from USD 351.1 million in 2020 to USD 1.0915 million in 2026, with a compound annual growth rate of 20.8% from 2021 to 2026.
-The graphite market is worth 14.3 billion U.S. dollars in 2019 and is expected to reach 21.6 billion U.S. dollars by 2027, with a compound annual growth rate of 5.3% from 2020 to 2027.
-The global battery electrolyte market is expected to grow from USD 3.67628 billion in 2019 to USD 6.0241.5 billion by the end of 2025, with a compound annual growth rate of 8.57%.
The Asia-Pacific region is the world's largest battery electrolyte market. The electrolyte market is growing due to increased demand from various end-use industries (such as electric vehicles, energy storage, and portable consumer electronics).
-By 2026, the silicon carbide market is expected to reach US$4.021.1 million from US$1.977 billion in 2020, with a compound annual growth rate of 12.6% from 2021 to 2026.
-Graphene oxide market size, share, trend, growth, industry analysis, forecast from 2020 to 2026. The report includes analysis of opportunities by type (graphene oxide solution, graphene oxide powder), application (transparent conductive film, composite materials, and paper-like materials), energy-related materials, biology and medicine) and regional opportunities.
-Graphene supercapacitor market size, share, trend, growth, industry analysis, forecast from 2020 to 2026. The report contains breakdowns by type (only graphene-based supercapacitors, hybrid graphene supercapacitors), by application (vehicles, industrial equipment, consumer electronics, other), and regional opportunity analysis.
-Graphene, 2D materials and carbon nanotubes market size, share, trends, growth, industry analysis, forecast from 2020 to 2026. The report includes breakdown by type (carbon nanotubes, graphene, other 2-D materials), by application (3D printing, aerospace, automotive, electronics, oil and gas, etc.) and regional opportunity analysis.
-Graphene nanosheet market size, share, trend, growth, industry analysis, forecast from 2020 to 2026. The report includes an analysis of opportunities by type (hydrophobicity, hydrophilicity), application (composite materials, energy and electricity, conductive inks and coatings, others) and region.
-Graphene wafer market size, share, trend, growth, industry analysis, forecast from 2020 to 2026.
The report contains breakdowns by type (substrate quartz, substrate silica/silicon, other), by application (research, semiconductor and electronics, other), and regional opportunity analysis.
-Conductive ink market size, share, trend, growth, industry analysis, forecast from 2020 to 2026. The report contains breakdown by type (carbon/graphene, silver nanoparticle, silver nanowire, silver-plated copper nanoparticle, carbon nanotube ink, copper flake, copper nanoparticle, copper oxide nanoparticle ink, conductive polymer, others) , By application (photovoltaic, membrane switch, display, automotive, sensor/medical, RFID, printed circuit board, other) and regional opportunity analysis.
View the full list of graphene-related reports
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