Graphene Market Research Report Global Industry Analysis, Business Development, Size, Share, Trends, Future Growth, Forecast To 2027
Global graphenemarket size is expected to gain momentum by reaching USD 2,864.1 millionby 2027 while exhibiting an astounding CAGR of 39% between 2020 and 2027. Thisis attributable to the increasing demand for sustainability solutions and therising aviation sectors across the globe. This information is published byFortune Business Insights, in its latest report, titled, “GrapheneMarket 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.” Thereport further mentions that the market stood at USD 225.1 million in 2019 andis projected to rise in the forthcoming years.
Increasing Adoption of Graphene Products amid COVID-19 to FavorGrowth
The novel coronavirus has led to disruptions amongst severalglobal economies owing to a complete halt in operations and activities tocontain the spread of the disease. There has been a spike in the demand forantibody-conjugated graphene sheets that accurately detect the virus and areadopted for population screening. Owing to multiple benefits provided by theproduct, it is being extensively adopted across several industrial applicationsthat are expected to contribute to the growth of the market.
Study Period: 2016-2027
Base Year: 2019
Forecast Period: 2020-2027
Historical Period: 2016-2018
List of the Leading Companies Operating in the Graphene Marketare:
- 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
Graphene is primarily a single layer of carbon atoms that aretightly bound in a hexagonal honeycomb mesh. They are widely adopted in severalindustrial applications such as automotive, energy & power, and aerospace.They further posses several attributes such as light-weight, high tensilestrength, and good conductor of heat. Additionally, they provide sustainablesolutions to an array of applications that propels their demand across severalindustries globally.
This Research Report Provides Features Like;
- Discover regional market opportunities and trends
- Identify emerging market demand & dynamics
- Market intelligence with quality and accuracy
- Deliverable formats like PDF, PPT, cloud, etc
- Benchmark against competitors & global industry
- Explore competitive strategy & market share
What does the Report Include?
The market report includes quantitative and qualitative analysisof several factors such as the key drivers and restraints that will affectmarket growth. In addition to this, the report provides insights into theregional analysis and discusses the performance of the market in major regionsacross the globe. It includes the competitive landscape that involves leadingcompanies and the strategies adopted by these companies which have resulted inthe introduction of several new products as well as major companycollaborations. The research analyst has adopted several research methodologiessuch as PESTEL and SWOT analysis to extract information about the currenttrends and industry developments that will drive the market growth in theforthcoming years.
DRIVING FACTORS
Rising Aviation Sector to Promote Growth
The increasing global population and high disposable income areexpected to propel the demand for air travel. The increasing air leisureactivities are surging the demand for travel through private jets, planes, andhelicopters. Owing to its ability to improve the composites and coatingsadopted in planes, spaceships, and drone manufacturing, graphene isrevolutionizing the aerospace industry. Additionally, the growing concerns onreducing carbon emissions are propelling the aircraft manufacturers to adoptgraphite products largely. For instance, the government in the U.K hasdeveloped a long term Aviation 2020 strategy that aims to achieve a secure,safe, and sustainable aviation sector. Therefore, the increasing focus toprovide sustainable solutions in the rising aviation sector will favor thegrowth 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 amarket share of 22.87% in 2019 and is expected to showcase a significant growthowing to the increasing adoption of the product to reduce carbon emissions andimprove fuel efficiency in aircraft.
REGIONAL INSIGHTS
Europe to Remain at the Forefront; Increasing Demand for ElectricVehicles to Aid Growth
Among all the regions, the market in Europe is expected to remaindominant and hold the highest position in the global market during the forecastperiod. This dominance is attributable to the increasing demand for electricvehicles owing to stringent environmental regulations in the region. NorthAmerica stood at USD 63.2 million in 2019 and is expected to experience anexponential growth in the forthcoming years. This is ascribable to factors suchas the presence of several small and medium scale manufacturers in countriessuch as the U.S. between 2020 and 2027.
COMPETITIVE LANDSCAPE
Collaboration between Major Companies to Consolidate Their MarketPositions
The market is highly fragmented by the presence of major companiessuch as XG Sciences, Grolltex, Inc, Graphenea, Inc, and AMO GmbH, among others.These companies are collaborating with each other to improve the quality ofproducts and strengthen their position to gain a competitive edge in the globalmarketplace. Other key players are adopting strategies such as partnership, theintroduction of a new product, and merger and acquisition that is anticipatedto favor the global graphene market growth in the forthcoming years.
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
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