Global Graphene Market is expected to exhibit a solid 43% CAGR over the forecast period from 2016 to 2023, according to the latest research report from Market Research Future (MRFR). The market is expected to reach a valuation of USD 811.4 million by 2023, according to the MRFR report. The report presents a comprehensive overview of the Global Graphene Market, including a detailed analysis of the market’s historical and present statistics and studied forecasts regarding the market’s movement over the forecast period. The short-term and long-term implications of the COVID-19 pandemic on the Global Graphene Market are also studied in the Global Graphene Market Report.
Graphene is an allotrope of carbon and is found in a hexagonal lattice with covalent bonds holding the carbon atoms together. Graphene has strong cohesion within its lattice, leading to widespread usage of graphene in industries such as electrical and electronics, coatings, and others. The development of thin, lightweight, and flexible electrical circuits is likely to be a major driver for the Global Graphene Market over the forecast period. Graphene possesses a strong electrical conductance, leading to its widespread usage in electrical circuits. Graphene has emerged as the perfect material for use in thin, lightweight electrical circuits, which can function under pressure and with alterations to their shape.
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The pharmaceutical industry is also likely to emerge as a major end user of Graphene over the forecast period due to the growing use of Graphene in drug delivery and tissue engineering applications. The use of Graphene in tissue engineering and drug delivery devices is likely to increase over the forecast period due to the growing realization of Graphene’s various properties, which allow for their use as a highly effective drug delivery system. The growing coatings industry in the world is also likely to be a major driver for the Global Graphene Market, as graphene is widely used in coatings to enable smooth performance regardless of the surface area of the coating. The high surface area of graphene per unit volume makes it the perfect candidate for use in coatings.
Leading Players in the Global Graphene Market include Haydale Limited, Grafoid Inc., Graphenea Inc., BGT Materials Ltd., Graphene Laboratories Inc., Angstron Materials Inc., XG Sciences Inc., Graphene NanoChem, Vorbeck Materials, and CVD Equipment Corporation.
In June 2020, AbsoluteBlack launched a new chain lube containing graphene. The inclusion of graphene has enhanced the functionality of the lube, leading to a working period of 1800 km per application.
Global Graphene Market is segmented on the basis of Product Type, End Use and Region.
By Product Type, Global Graphene Market is segmented into graphene oxide, graphene nanoplatelets, few layer graphene, mono-layer and bi-layer graphene, and others including 3D graphene foams and pristine graphene.
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By End Use, Global Graphene Market is segmented into automotive, aerospace, pharmaceutical, energy, coatings, electronics, chemicals, and others such as composites, catalysts, filtration, and adhesives.
North America is the largest regional market for Graphene and is likely to retain the position over the forecast period due to the growing presence of major market players in the region. The growing demand for graphene from end user industries such as aerospace and electronics is also likely to be a major driver for the Global Graphene Market over the forecast period. The electronics industry in North America is likely to emerge as a major player in the Global Graphene Market over the forecast period. The development of lightweight and thin electric circuits in North America is likely to remain a major driver for the Graphene Market in the region over the forecast period.
Asia Pacific is the second largest regional market for graphene, followed by Europe. China, Japan, South Korea, and India are among the leading regional markets within Asia Pacific for Graphene and are likely to exhibit a stable growth over the forecast period. The growing automotive industry in the region is likely to remain a major driver for the Graphene Market in Asia Pacific over the forecast period.
COVID-19 Study in Detail:
COVID-19 Impact Analysis on Bio-Based Chemicals Market @ https://www.marketresearchfuture.com/report/covid-19-impact-bio-based-chemicals-market
COVID-19 Impact Analysis on Surfactant Market @ https://www.marketresearchfuture.com/report/covid-19-impact-surfactant-market
NOTE: Our team of researchers is studying COVID-19 and its impact on various industry verticals and wherever required we will be considering COVID-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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