Graphene Market Report by Technology, Industry Share and Size Expansion to 2027 | Fortune Business Insights™
Graphene Market size is expected to
gain momentum by reaching USD 2,864.1 million by 2027 while exhibiting an
astounding CAGR of 39% between 2020 and 2027. This is attributable to the
increasing demand for sustainability solutions and the rising aviation sectors
across the globe.
Fortune Business Insights, in its
latest report, titled, “Graphene Market Size, Share & COVID-19 Impact
Analysis, By Product (Graphene Oxide (GO), Graphene Nanoplatelets (GNP),
Others), By End-Use (Electronics, Aerospace & Defense, Automotive, Energy,
Others), and Geography Forecast, 2020-2027.” The report further
mentions that the market stood at USD 225.1 million in 2019 and is projected to
rise in the forthcoming years.
Increasing Adoption of Graphene
Products amid COVID-19 to Favor Growth
The novel coronavirus has led to
disruptions amongst several global economies owing to a complete halt in
operations and activities to contain the spread of the disease. There has been
a spike in the demand for antibody-conjugated graphene sheets that accurately
detect the virus and are adopted for population screening. Owing to multiple
benefits provided by the product, it is being extensively adopted across
several industrial applications that are expected to contribute to the growth
of the market.
Graphene is primarily a single layer of
carbon atoms that are tightly bound in a hexagonal honeycomb mesh. They are
widely adopted in several industrial applications such as automotive, energy
& power, and aerospace. They further posses several attributes such as
light-weight, high tensile strength, and good conductor of heat. Additionally,
they provide sustainable solutions to an array of applications that propels
their demand across several industries globally.
What does the Report Include?
The market report includes quantitative
and qualitative analysis of several factors such as the key drivers and
restraints that will affect market growth. In addition to this, the report
provides insights into the regional analysis and discusses the performance of
the market in major regions across the globe. It includes the competitive
landscape that involves leading companies and the strategies adopted by these
companies which have resulted in the introduction of several new products as
well as major company collaborations. The research analyst has adopted several
research methodologies such as PESTEL and SWOT analysis to extract information
about the current trends and industry developments that will drive the market
growth in the forthcoming years.
DRIVING FACTORS
Rising Aviation Sector to Promote
Growth
The increasing global population and
high disposable income are expected to propel the demand for air travel. The
increasing air leisure activities are surging the demand for travel through
private jets, planes, and helicopters. Owing to its ability to improve the
composites and coatings adopted in planes, spaceships, and drone manufacturing,
graphene is revolutionizing the aerospace industry. Additionally, the growing
concerns on reducing carbon emissions are propelling the aircraft manufacturers
to adopt graphite products largely. For instance, the government in the U.K has
developed a long term Aviation 2020 strategy that aims to achieve a secure, safe,
and sustainable aviation sector. Therefore, the increasing focus to provide
sustainable solutions in the rising aviation sector will favor the growth of
the global market during the forecast period.
SEGMENTATION
Aerospace & Defense Segment Held a
Market Share of 22.87% Backed by Increasing Focus on Fuel Efficiency in
Aircraft
The aerospace & defense segment,
based on end-use, held a market share of 22.87% in 2019 and is expected to
showcase a significant growth owing to the increasing adoption of the product
to reduce carbon emissions and improve fuel efficiency in aircraft.
REGIONAL INSIGHTS
Europe to Remain at the Forefront;
Increasing Demand for Electric Vehicles to Aid Growth
Among all the regions, the market in
Europe is expected to remain dominant and hold the highest position in the
global market during the forecast period. This dominance is attributable to the
increasing demand for electric vehicles owing to stringent environmental
regulations in the region. North America stood at USD 63.2 million in 2019 and
is expected to experience an exponential growth in the forthcoming years. This
is ascribable to factors such as the presence of several small and medium scale
manufacturers in countries such as the U.S. between 2020 and 2027.
COMPETITIVE LANDSCAPE
Collaboration between Major Companies
to Consolidate Their Market Positions
The market is highly fragmented by the
presence of major companies such as XG Sciences, Grolltex, Inc, Graphenea, Inc,
and AMO GmbH, among others. These companies are collaborating with each other
to improve the quality of products and strengthen their position to gain a
competitive edge in the global marketplace. Other key players are adopting
strategies such as partnership, the introduction of a new product, and merger and
acquisition that is anticipated to favor the global graphene market growth in
the forthcoming years.
List of the Leading Companies Operating
in the Graphene Market are:
- 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 (Germany)
- Applied Graphene Materials plc (UK)
- 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. (UK)
- Other Key Players
Industry Development:
- January 2020: The
Graphene Flagship announced its collaboration with other leading
industries in Europe to commercialize graphene-enabled products. The
collaboration is expected to include EURO 92 million co-funded by the
companies that is aimed at promoting the products across several
industrial applications such as automotive, energy, and aerospace.
Browse Detailed Research Insights with
Table of Content:
https://www.fortunebusinessinsights.com/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, 2016-2027
- Key Findings / Summary
- Market Size Estimates and Forecast
- 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
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