Pune, India, Sept. 08, 2022 (GLOBE NEWSWIRE) -- The global graphene market size is projected to reach USD 4,067.1 million by 2028 from USD 388.8 million in 2021 exhibiting a CAGR of 39.8% during the forecast period. Strong demand for lightweight and reliable materials and their incorporation in electronics is likely to fuel market growth. Fortune Business Insights™ provides this information in its report titled "Graphene Market, 2021-2028." The graphene market stood at USD 285.9 million in 2020.
Graphene is a renewable, lightweight, flexible, and durable material used in semiconductors, electronics, automotive, and other industries. It is expected to be stronger and tougher than diamond and steel. It is an excellent conductor of heat and electricity used extensively in mobile phones, laptops, TV, and other electronics. Rapid digitization and adoption of internet-powered devices are expected to boost its adoption by electronics manufacturers. Graphite is faster and more effective as compared to silicone material, which, in turn, may boost its demand. These factors are likely to fuel the graphene market progress during the upcoming years.
Get a Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/graphene-market-102930
List of Major Leaders Profiled in this Market Report
- 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 (U.S.)
- Applied Graphene Materials plc (U.S.)
- 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. (U.K.)
Impact of COVID-19
Stock Shortage and Halt on Manufacturing to Impede Market Progress
This graphene market is expected to be negatively affected during the COVID-19 pandemic because of the halt on manufacturing and shortage of materials. The rise in COVID-19 infections has led to the imposition of stringent government regulations. This factor has resulted in the closure of several industries and supply chain disruptions. However, post lockdown relaxations have led to reduced capacities, part-time shifts, and production machinery, which has enabled manufacturers to recover their costs. These factors are likely to fuel the graphene market growth during the pandemic.
Segments
By product type, the market is segmented into graphene nanoplatelets, graphene oxide, and others. As per end-use, it is classified into automotive, energy, aerospace & defense, and electronics. Geographically, it is clubbed into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Inquire Before Buying This Research Report:
https://www.fortunebusinessinsights.com/enquiry/queries/graphene-market-102930
Highlights of the Report
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the graphene market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
Drivers and Restraints
Increased Adoption in Electronics Sector to Foster Market Progress
Graphene is an extremely effective material that boosts performance in electronics. The emergence of foldable and bendable phones boosts the demand for stronger and lighter materials. It significantly boosts performance and improves the device's strength against damages. For example, a Samsung Advanced Institute of Technology group developed a transistor for boosting semiconductor chipset's performance. The research showed that graphite is faster than silicone chipsets and provides excellent speeds. Further, increased per-capita income and evolving buying preferences are expected to boost the material's adoption. These factors are likely to fuel graphene market growth.
However, concerns regarding the negative impact of the material are likely to fuel market progress.
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/graphene-market-102930
Regional Insights
Increasing Investments in R&D to Bolster Market Growth in Europe
Europe is expected to dominate the graphene market share because of the increasing investments in the research and development of advanced materials. For example, the European Union (EU) invested approximately USD 1.16 billion in Graphene flagship to leverage the product for commercial markets. The European region stood at USD 94.7 million in 2020. The region is an economic powerhouse for material-based technologies, which, in turn, may boost the adoption of the product. These products are likely to propel market progress.
In North America, the presence of small and medium-scale manufacturers is likely to fuel the product's adoption. Further, the collaboration of research institutions and universities with manufacturers to develop newer generation material is likely to fuel the product's adoption. These factors are likely to boost graphene market development.
In Asia-Pacific, robust demand for lightweight, flexible, and durable materials from the aerospace, electronics, automotive, and energy storage industry is expected to boost demand. In addition, suitable government policies, academic research, and energy storage products are likely to fuel graphene industry progress.
Report Scope & Segmentation
| Report Attribute | Details |
| Market size value in 2021 | USD 388.8 Million |
| Revenue forecast in 2028 | USD 4,067.1 Million |
| Growth Rate | CAGR of almost 39.8% 2021-2028 |
| Base Year | 2020 |
| Historic Years | 2017 - 2019 |
| Forecast Years | 2021- 2028 |
| Segments Covered | By End-Use, By Application |
| Forecast Units | Value (USD Billion), and Volume (Units) |
| Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
| Regions Covered | North America, Europe, Asia Pacific, South America, and Middle East & Africa, and Rest of World |
| Countries Covered | Unites States, Canada, Mexico, Unites Kingdom, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
| Number of Companies Covered | 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 (U.S.) Applied Graphene Materials plc (U.S.) 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. (U.K.) |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter's five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Competitive Landscape
Prominent Companies Collaborate with Crucial Companies to Boost Brand Image
The prominent companies operating in the market collaborate with crucial companies to develop advanced solutions that satisfy consumer demand and boost brand image. For example, The School of Engineering researchers and a Chinese specialist materialist company collaborated to develop the material for treatment and purification applications. Furthermore, the adoption of research and development enables manufacturers to improve material quality and improve resistance against damages.
Speak to Our Expert:
https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/graphene-market-102930
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Emerging Trends
- Key Insights
- Key Emerging Trends – For Major Countries
- Industry SWOT Analysis
- Regulatory Analysis
- Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- Global Graphene Market Analysis, Insights and Forecast, 2017-2028
- Key Findings / Summary
- By Product (Value)
- Graphene Oxide
- Graphene Nanoplatelets (GNP)
- Others
- By End-Use (Value)
- Electronics
- Aerospace & Defense
- Energy
- Automotive
- Others
- By Region (Value)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Industry Development
- February 2021: Applied Graphene Materials (AGM) declared that its consumer Infinity Wax announced its second car utilizing its graphene technology.
Read Related Insights:
Carbon Nanotubes Market to Reach USD 10.52 Billion by 2028 | CNT Industry Exhibit 10.2% CAGR
Graphite Market to Worth USD 25.70 Billion by (2021-2028) | Graphite Industry CAGR of 8.2%
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Address:
Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –
Mahalunge Road, Baner, Pune-411045,
Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
