The graphene Market Is Expected To Reach USD 1.83 Billion By 2027 At A CAGR Of 11.47 Percent.
Stellar Market Research has published a report on the Graphene Market that provides a detailed analysis for the forecast period of 2022 to 2027.
Graphene Market Scope:
The report comprises thorough insights into the market for industry stakeholders which includes an interpretation of complex market data in simple language, the industry’s historical and current state along with estimated market size and trends. The report explores all segments of the industry, with a focus on significant players e.g. market leaders, followers, and new entrants. The report covers a detailed PESTLE analysis for different countries. A clear representation of the competitive landscape of key players by products and services, revenue, financial position, portfolio, growth strategies, and regional presence in the Graphene market makes the report an investor’s guide.
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Graphene Market Overview:
Graphene is a highly conductive allotrope that consists of a single layer of carbon atoms surrounded by a single honeycomb lattice. They have an extremely flexible and strong nature. Graphene is used in a variety of products, including sensors, batteries, semiconductors, displays, electronics, pharmaceuticals, and others. The surge in demand for lightweight, renewable, and flexible materials that are durable is expected to have an impact on the graphene market’s growth.
Graphene Market Dynamics:
An increase in R&D efforts is driving the graphene market during the forecast period. Scientists have called graphene a “wonder material” due to its unique characteristics. To sell graphene and create cost-effective manufacturing procedures, a large number of institutions, research institutes, and enterprises are focusing on graphene materials research and development. Continuous research and development are being conducted to make graphene more efficient and flexible for new applications.
Increased demand from the automotive and transportation end-use sectors is expected to boost graphene demand. The automotive and transportation sector is the graphene market’s largest application segment in terms of volume. Graphene has a wide range of uses in the automobile industry, including composite structural components, car batteries, tyres, and anti-braking systems, to mention a few. Throughout the forecasted period, increased demand for these applications is expected to boost the graphene market.
The lack of standardization is a major challenge in the graphene sector.
The lack of standardization is a major challenge in the graphene sector. Several businesses are developing various types of graphene materials resulting in market diversification and confusion. As a result of this problem, there is currently fictional graphene on the market which is difficult to detect throughout the product development process. As a result, multiple incidents of low-quality graphene from suppliers have arisen, hurting end-user trust. Some institutes are developing graphene quality testing methods.
Graphene Market Regional Analysis:
The Asia Pacific dominated the graphene market in 2020, accounting for more than 35% of global revenue owing to rising product demand in industries such as automotive, marine, military, and aerospace. Furthermore, the Asia Pacific region’s rising industrial sector is likely to fuel market growth. China’s developing industrial sector is another significant driver of the regional market. This industry’s rising product demand will eventually result in a quicker market growth rate.
The North American region is home to a vast number of small and medium-sized enterprises. Because distributors and suppliers are responsible for maintaining their manufacturers’ loyal customer base, these manufacturers have a vast distribution and supplier network that plays a vital role in the value chain. Furthermore, increased government and industry expenditures are expected to fuel demand for graphene-based products leading to the graphene market growth in North America.
Graphene Market Segmentation:
By Technology:
- Graphene Nanoplatelets
- Graphene Oxide
- Reduced Graphene Oxide
- Others
By Application:
- Graphene Nanoplatelets
- Graphene Oxide
- Reduced Graphene Oxide
- Others
Graphene Market Key Competitors:
- 2D Carbon Graphene Materials Co. Ltd.
- ACS Material
- Applied Graphene Materials
- China Carbon Graphite Inc.
- Elcora Advanced Materials
- Global Graphene Group
- Grafoid Inc.
- Graphenano
- G6 Materials
- Graphenea SA
- Haydale Graphene Industries
- Morsh
- NanoXplore Inc.
- Thomas Swan & Co. Ltd.
- Vorbeck Materials
- Xolve Inc.
- Others
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About Stellar Market Research:
Stellar Market Research, established in 2018, is an India-based consulting firm that focuses on supporting customers with company transformation goals through advisory services and long-term planning. The business uses its extensive industry knowledge and huge network to provide insightful views on reports that provide customers with a strategic advantage. Its heavy emphasis on secondary market analysis, consumer purchasing patterns, and price fluctuations offer clients a market portfolio that will enable their organization to gain a permanent presence or strategize solutions and take the course of action that will result in incredible growth and market dominance.
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