Global Graphene Market Size to surpass $200mn by 2024

Graphene Market size is set to surpass USD 200 million by 2024; according to a new research report by Global Market Insights, Inc.
 

Increasing product application in aerospace & automotive industry is one of the chief factors prospering the growth of global graphene market. Rising energy-efficient and light-weight automotive demand will further augment the market growth as product is used for fiber reinforced laminate manufacturing which can be utilized for the substitution of traditional automotive component material. Fiber reinforced laminates made from graphene reduces the overall automotive weight and maintains its safety & strength. Light-weight vehicles can decrease the carbon footprint due to its excellent fuel economy. Traditional anti-corrosion coatings used in automotive sector are rapidly replaced by product-based, electrically conductive adhesives. Global automotive industry will be majorly driven by increasing urbanization, rising spending capacity, favorable government initiatives and heavy investments in automotive sectors of emerging countries. These trends will prosper the graphene market demand in automotive sector in coming years.


 

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Increasing demand for faster, fuel-efficient and lighter aircrafts will prosper the graphene market growth due to rising application of graphene-based composites in aircraft component manufacturing. Epoxy adhesives, fiber reinforced laminates, advanced coatings, electrically conductive coatings & composites, and electrical packaging areas are few product-based applications which are gaining popularity in the aerospace & defense sector. According to Boeing, one of the major aircraft manufacturers, more than 30,000 new aircrafts are required in the next two decades to serve the increasing aircraft passenger. Increasing number of aircraft passengers and rising demand for commercial aircrafts will further prosper the product demand.
 

U.S. Graphene Market size, by End-user, 2013 - 2024 (USD Million)
Graphene Market

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Graphene nanoplatelets will have over 30% graphene market share. It can be ascribed to various properties such as high thermal and electrical conductivity, surface hardness and stiffness. These characteristics make this product type apt for various industries including electronics, energy, transportation, biomedical, aerospace & defense, etc. Growing product popularity, especially in consumer electronics sector will prosper the segment growth in coming years.
 

Browse key industry insights spread across 80 pages with 92 market data tables & 11 figures & charts from the report, “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” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/graphene-market
 

Aerospace & defense will have over 12% market share and over 35% CAGR in the assessment timespan. It can be ascribed to rising product demand for aircraft component manufacturing. In 2018, aerospace engineers representing Britain's University of Central Lancashire developed the first graphene-skinned, 11.5ft unmanned aircraft, which had 3D-printed components & graphene-based batteries. It was presented it in Farnborough Air Show. Such technological advancement will prosper the product demand in aerospace sector. Healthcare industry had substantial graphene market share due to product application in drug delivery systems, biosensors manufacturing, cancer treatment and tissue engineering.
 

Europe graphene market will have over 20% market share in the assessment timespan. Heavy investments in product R&D in the region will have positive impact on the regional product market. development in regional industries like energy, aerospace & defense and healthcare will also prosper the segment growth in coming years.
 

Some key participants of the market include XG Sciences, Applied Graphene Materials, Graphene Frontiers, ACS Materials, Grafoid, Graphenea, Applied Nanotech, Graphene Laboratories, Nanjing XFNANO Materials, AMO Gmbh, Angstron Materials, and Haydale Ltd.
 

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The graphene market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2013 to 2024, for the following segments:
 

By Product

  • Graphene oxide
  • Graphene nanoplatelets
  • Monolayer & bi-layer graphene
  • Others

By End-user

  • Electronics
  • Aerospace & defense
  • Energy
  • Automotive
  • Healthcare
  • Others

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa
    • GCC

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