Graphene Market size is set to cross USD 900 million by 2030, according to a new research study published by Global Market Insights Inc.
Graphene is a compact layer of carbon atoms bonded in a hexagonal honeycomb lattice. It is the world’s first two-dimensional material and the lightest & thinnest compound discovered yet. It is also the strongest and most flexible compound known and is one of the best conductors of electricity. Many manufacturers are adding small amounts of graphene materials to metals, plastics, and other materials to improve their properties such as lightweight with same strength. Industry participants are striving to develop new graphene solutions such as graphene nanoplatelets and thermoplastic composites.
Surging demand for advanced equipment across a range of industries
The surging demand for advanced equipment across a range of industries, such as electronics, automotive, and healthcare, coupled with high R&D investments and the strong socioeconomic conditions of consumers will spue the business landscape. For instance, graphene is used extensively in the automotive sector to manufacture lightweight vehicle parts without compromising on safety features. In addition, it is widely used in manufacturing biosensors, drug delivery systems, cancer treatments, and tissue engineering, thereby driving its demand in the healthcare industry.
Browse key industry insights spread across 200 pages with 166 market data tables & 26 figures & charts from the report, “Graphene Market Analysis, By Product (Graphene Oxide, Graphene Nanoplatelets, Mono-layer & Bi-layer Graphene), End User (Electronics, Aerospace & Defense, Energy, Automotive, Healthcare), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 - 2030”, in detail along with the table of contents:
Graphene market from aerospace & defense segment is projected to register a CAGR of 32% during forecast period. The aerospace & defense industry has been utilizing graphene-based equipment to attain strong & lightweight components without affecting the safety and weight-bearing capacity of components. The aircraft industry relies heavily on composite materials as they provide capabilities for part integration and several metallic components can be replaced by a single composite. Advancements in the aerospace & defense industry will be a major factor fostering the overall market size.
Graphene nanoplatelets segment is predicted to surpass USD 310 million by 2030. Graphene nanoplatelets are small stacks of graphene and consist of several graphene sheets. These nanoplatelets exhibit multiple properties such as electrical & thermal conductivity and stiffness. This makes the product suitable for use in various industries such as transportation, energy, electronics, sports, aerospace & defense, and pharmaceutical. The product can replace carbon fibers, nano-clays, carbon nanotubes, or other compounds in various composite applications.
The Asia Pacific graphene market will witness over 30% CAGR during the forecast timeframe. The highly developing electronics industry in the region along with graphene-related research & development activities in China, Japan, India, and South Korea will further augment product demand. Ever since the product’s discovery in 2004, a large number of patents have been filed in China regarding graphene technology. The presence of regulatory bodies, such as the China Innovation Alliance of the Graphene Industry (CGIA), to improve the technological know-how of the novel material in collaboration with several industry experts will further boost the regional market value.
Some of the major manufacturers in graphene market include Applied Graphene Materials plc, Graphenea, Graphene Frontiers, Haydale Limited, Advanced Graphene Products, Nanjing XFNANO Materials Tech Company Limited and AMO GmbH.
Explore More on Related Topics: