Graphene Market Research Business Opportunity, Global Trend, Future Growth, Key Findings and Forecast to 2027
Global graphene
market size is expected to gain momentum by reaching USD 2,864.1
million by 2027 while exhibiting an astounding CAGR of 39% between 2020 and
2027. This is attributable to the increasing demand for sustainability
solutions and the rising aviation sectors across the globe. This information is
published by Fortune Business Insights, in its latest report, titled, “Graphene Market Size, Share &
COVID-19 Impact Analysis, By Product (Graphene Oxide (GO), Graphene
Nanoplatelets (GNP), Others), By End-Use (Electronics, Aerospace & Defense,
Automotive, Energy, Others), and Geography Forecast, 2020-2027.” The report
further mentions that the market stood at USD 225.1 million in 2019 and is
projected to rise in the forthcoming years.
Increasing Adoption of Graphene Products amid COVID-19 to Favor
Growth
The
novel coronavirus has led to disruptions amongst several global economies owing
to a complete halt in operations and activities to contain the spread of the
disease. There has been a spike in the demand for antibody-conjugated graphene
sheets that accurately detect the virus and are adopted for population
screening. Owing to multiple benefits provided by the product, it is being
extensively adopted across several industrial applications that are expected to
contribute to the growth of the market.
Study Period: 2016-2027
Base Year: 2019
Forecast Period:
2020-2027
Historical Period:
2016-2018
List of the Leading Companies Operating in the Graphene Market
are:
- XG Sciences
(U.S.)
- Graphenea, Inc.
(U.S.)
- ACS Material, LLC
(U.S.)
- CVD Equipment
Corporation (U.S.)
- Global Graphene
Group (U.S.)
- AMO GmbH
(Germany)
- Applied Graphene
Materials plc (UK)
- Graphene One
(U.S.)
- Grolltex Inc.
(U.S.)
- DIRECTA PLUS
S.p.A. (Italy)
- CHINA CARBON
GRAPHITE INC (China)
- NanoXplore Inc.
(Canada)
- Thomas Swan &
Co. Ltd. (UK)
- Other Key Players
Graphene
is primarily a single layer of carbon atoms that are tightly bound in a
hexagonal honeycomb mesh. They are widely adopted in several industrial
applications such as automotive, energy & power, and aerospace. They further
posses several attributes such as light-weight, high tensile strength, and good
conductor of heat. Additionally, they provide sustainable solutions to an array
of applications that propels their demand across several industries globally.
This Research Report Provides Features Like;
- Discover regional
market opportunities and trends
- Identify emerging
market demand & dynamics
- Market
intelligence with quality and accuracy
- Deliverable
formats like PDF, PPT, cloud, etc
- Benchmark against
competitors & global industry
- Explore
competitive strategy & market share
What does the Report Include?
The
market report includes quantitative and qualitative analysis of several factors
such as the key drivers and restraints that will affect market growth. In
addition to this, the report provides insights into the regional analysis and
discusses the performance of the market in major regions across the globe. It
includes the competitive landscape that involves leading companies and the
strategies adopted by these companies which have resulted in the introduction
of several new products as well as major company collaborations. The research
analyst has adopted several research methodologies such as PESTEL and SWOT
analysis to extract information about the current trends and industry
developments that will drive the market growth in the forthcoming years.
DRIVING FACTORS
Rising Aviation Sector to Promote Growth
The
increasing global population and high disposable income are expected to propel
the demand for air travel. The increasing air leisure activities are surging
the demand for travel through private jets, planes, and helicopters. Owing to
its ability to improve the composites and coatings adopted in planes,
spaceships, and drone manufacturing, graphene is revolutionizing the aerospace
industry. Additionally, the growing concerns on reducing carbon emissions are
propelling the aircraft manufacturers to adopt graphite products largely. For
instance, the government in the U.K has developed a long term Aviation 2020 strategy
that aims to achieve a secure, safe, and sustainable aviation sector.
Therefore, the increasing focus to provide sustainable solutions in the rising
aviation sector will favor the growth of the global market during the forecast
period.
SEGMENTATION
Aerospace & Defense Segment Held a Market Share of 22.87%
Backed by Increasing Focus on Fuel Efficiency in Aircraft
The
aerospace & defense segment, based on end-use, held a market share of
22.87% in 2019 and is expected to showcase a significant growth owing to the
increasing adoption of the product to reduce carbon emissions and improve fuel
efficiency in aircraft.
REGIONAL INSIGHTS
Europe to Remain at the Forefront; Increasing Demand for Electric
Vehicles to Aid Growth
Among
all the regions, the market in Europe is expected to remain dominant and hold
the highest position in the global market during the forecast period. This
dominance is attributable to the increasing demand for electric vehicles owing
to stringent environmental regulations in the region. North America stood at
USD 63.2 million in 2019 and is expected to experience an exponential growth in
the forthcoming years. This is ascribable to factors such as the presence of
several small and medium scale manufacturers in countries such as the U.S.
between 2020 and 2027.
COMPETITIVE LANDSCAPE
Collaboration between Major Companies to Consolidate Their Market
Positions
The
market is highly fragmented by the presence of major companies such as XG
Sciences, Grolltex, Inc, Graphenea, Inc, and AMO GmbH, among others. These
companies are collaborating with each other to improve the quality of products
and strengthen their position to gain a competitive edge in the global
marketplace. Other key players are adopting strategies such as partnership, the
introduction of a new product, and merger and acquisition that is anticipated
to favor the global graphene market growth in the forthcoming years.
Industry Development:
- January 2020: The Graphene
Flagship announced its collaboration with other leading industries in
Europe to commercialize graphene-enabled products. The collaboration is
expected to include EURO 92 million co-funded by the companies that is
aimed at promoting the products across several industrial applications
such as automotive, energy, and aerospace.
Browse Detailed Research Insights with Table of Content:
https://www.fortunebusinessinsights.com/graphene-market-102930
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