Graphene Market Size By Product (Graphene Oxide, Graphene Nanoplatelets, Mono-layer & Bi-layer Graphene), By End-user (Electronics, Aerospace & Defense, Energy, Automotive, Healthcare), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
Published Date: Jul 2017 | Report ID: GMI233 | Authors: Kiran Pulidindi, Soumalya Chakraborty
Graphene Market size estimated at USD 20 million in 2016 and will likely grow at a CAGR of over 35% from 2017 to 2024.
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Increasing investment in research and development on the product will propel the growth of global graphene market throughout the forecast timeframe. Discovered in 2004, the product is a two-dimensional transparent carbon allotrope. The product strength surpasses steel by almost 200 times, and it is a very good conductor of both heat and electricity. Characteristics associated with the product like excellent heat resistance, high electron movement and permeability has resulted in its increasing utility in many applications such as consumer electronics, supercapacitors, radio frequency identification (RFID) devices, composites, sensors, coatings, conductive inks, etc. Research publications based on the product increased to over 9,000 in 2013 from a little more than 125 in 2005. It will propel the growth of the market as increasing research activities in the industry will lead to various new applications for the product.
Owing to its unique characteristics and wide application range, research and development spending in the market has increased significantly. European Commission made an investment of around USD 1.4 billion in the Graphene Flagship project which will boost the market growth, as it will result in product innovation and new applications. Private companies from various industries including specialty chemicals, consumer electronics, steel and energy are also investing in research & development activities to maintain their competitive advantage in the market. American and Chinese entities have over 1,750 and 200 patents respectively regarding product and its different uses. These trends have resulted in new product applications such as graphene-based transistors, sensors, conductive film, etc. and will propel the product demand throughout the forecast timeframe.
High production cost associated with the material might hinder the growth of global market in near future. It is likely to limit the new players entry in the market. Product commercialization is majorly hindered by the expensive and complex manufacturing processes. Apart from that, conventional manufacturing processes have adverse environmental and health effects, which might hinder the product demand throughout the forecast timeframe, as it might lead to safer solutions in near future.
|Historical Data for:||2013 to 2016||Forecast Period:||2017 to 2024|
|Pages:||80||Tables, Charts & Figures:||103|
|Geographies covered (17):||U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC|
|Segments covered:||Product, End-user and Region|
|Companies covered (15):||Applied Graphene Materials plc, Graphenea S.A., XG Sciences, Inc., Grafoid Inc., Graphene Frontiers LLC., ACS Materials LLC, Haydale Limited, Advanced Graphene Products Sp. z o.o., Applied Nanotech, Inc., Nanjing XFNANO Materials Tech Co. Ltd, Angstron Materials, Inc., Graphene Laboratories, Inc., Thomas Swan & Co., Xiamen Knano Graphene Technology Corporation Limited, AMO Gmbh|
Based on product type, the graphene market is categorized into graphene oxide, graphene nanoplatelets, monolayer & bi-layer graphene, and other products which include and multi-layer graphene. Graphene oxides will have over 40% market share throughout the forecast timeframe. It can be attributed to the extensive product demand in biotechnology, and electronic equipment. The product is widely used in catalytic oxidation, and in the form of surfactant in some industries. It is also used as an electrode material for solar cells, capacitors and batteries. Such wide application range will propel the demand for this product type during the forecast timeframe.
Monolayer and bi-layer product type will have CAGR over 33% in the forecast timeframe. Monolayer product type is used for atomic scaffolding to produce other materials by interjecting product layers along with supplementary compounds. A 5nm pore sized monolayer graphene was created by the researchers of Columbia University. Bi-layer product type acts as a semiconductor and is used for sensors with high sensitivity, stable specificity, fast response and good repeatability. Increasing research and development activities for this product category coupled with extensive applications will propel the growth of this product segment during the forecast timeframe.
Based on end-user, the graphene market is categorized into electronics, aerospace & defense, automotive, energy, healthcare and others which include water filtrations, coating inks, etc. Electronics category is likely to have over 30% market share throughout the forecast timeframe. High strength and conductivity of the product makes it suitable for many applications in the electronics sector. The product is used in torch-screens of tablets and mobiles and computer circuitries and is employed as a semiconductor in many electronics devices. Many companies are also utilizing the unique properties of the product to develop memory chips, specifically for mobile phones. Rapid development in the Asia Pacific electronics industry will prosper the product demand over coming years.
Automotive category will have over 15% market share throughout the forecast timeframe. Graphene is widely used for nanocomposite manufacturing, used in smart adhesives, sensors, and other automotive components. The product is also being used to develop light-weight automotive component which reduces the overall weight of the vehicle and improves its fuel efficiency. Increasing global automotive production coupled with rising demand for light-weight vehicles will propel the product demand over coming years.
Asia Pacific graphene market will have around a fifth of the global market share with over 35% CAGR throughout the forecast timeframe. It can be attributed to rapid development in the regional electronics industry and escalating automotive production in the continent. Ongoing research & development projects on product in China, Japan, South Korea and India along with availability of graphite mines in China will propel the growth of regional product market throughout the forecast timeframe.
Competitive Market Share
Numerous product manufacturers have made the global graphene market moderately fragmented and has elevated the competition. Major product manufacturers include Graphenea, Applied Graphene Materials, XG Sciences, Graphene Frontiers, and Grafoid, ACS Materials, Applied Nanotech, Haydale Ltd, Nanjing XFNANO Materials, Graphene Laboratories, Angstron Materials, AMO Gmbh, etc.
Graphene can be defined as a hexagonal lattice containing thin layer of tightly packed carbon atoms. Extensive research on characteristics and applications of product in many industries such as aerospace, defense, automotive, electronics, etc. has been conducted since its discovery. Industry has witnessed heavy private and public investment for product features enhancement and production process simplification, which will open up new application areas for the product. Rapid development in Asia Pacific electronics and automotive sectors will propel the product demand throughout the forecast timeframe.
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