Market Overview:
Graphene is considered as a
wonder material, finding wide applications in areas ranging from practical solutions
like water purification/filtration systems and faster internet speeds to
measuring brain activity. The already widened application area of Graphene is
expanding by leaps and bond, finding a new application area every so often.
Recently, North-western
University (US), a private research university announced a new application of
Graphene as nontoxic, anti-static hair dye. This research has ended the era of
the toxic hair dyes. Hence graphene, the miracle material will now be used in
the manufacturing of the ultimate hair dye.
Graphene seems to be tailor-fit
material for Elon Musk’s vision of “wizard hats for the brain” a reality.
Musk’s neurotechnology start-up, Neuralink is aiming to create brain-computer
interface systems (neural lace technologies) along with the advances in
graphene. This is the best example that defines why Graphene is called as the
wonder material, presaging the further heights this material is ascending ion
the global space.
Acknowledging the kind of
traction gained by this market, Market Research Future (MRFR) recently
published a study report. According to MRFR, the global Graphene market
garnering further prominence is projected to ascend to approx. 811.40 million
USD by 2023, registering a massive CAGR of approximately 43% during the review
period (2016 to 2023).
The growth of the market is
predominantly driven by the augmenting demand in the various burgeoning
end-user industries such as automotive, aerospace, pharmaceutical, energy,
coatings, electronics, and chemical, among others. Other factors fuelling
the market growth include growing population and improving economic conditions
that have substantiated the industrialization & urbanization along with the
consumer purchasing power. Also, increasing demand for Graphene-based products
and favorable government regulations are expected to propel the market growth
over the forecasted period.
Key Players:
·
Vorbeck Materials
·
CVD Equipment Corporation
·
Graphene NanoChem
·
Angstron Materials, Inc.
·
XG Sciences, Inc.
·
Graphene Laboratories, Inc.
·
Graphenea Inc.
·
BGT Materials Limited, Ltd
·
Grafoid Inc.
·
Haydale Limited
Industry/ Innovation/ Related
News:
July 04, 2018 – A
group of researchers at the International School for Advanced Studies (SISSA
Italy) and the Catalan Institute of Nano-science and Nanotechnology (ICN2 -
Spain) published their recent study, demonstrating how graphene could be
combined with neurological tissue, allowing the material to become a valuable
tool for medicine and other biological processes.
These results further demonstrate
that graphene might exhibit neuronal activities, altering ion mobility at the
cell interface depending on the way the single-layer graphene is engineered.
Therefore, graphene-based nano-materials will represent themselves as potential
tools in neurology and neurosurgery.
July 05, 2018 – Directa
Plus S.p.A (Italy), a producer and supplier of graphene-based products
announced the receiving of further extension of the contract from Alfredo
Grassi S.p.A. (Italy), a manufacturer of customized protective clothing, work
wear and uniforms for private and public companies. The duo had collaborated to
develop graphene-enhanced clothing and other textile products.
Global Graphene Market -
Segmentations
For the convenience of
understanding, MRFR has segmented the report into three key dynamics.
By Types
: Graphene Oxide (GO), Few Layer Graphene (FLG), Graphene
Nanoplatelets (GNP), Mono-Layer & Bi-Layer Graphene, among others (3D
graphene foams, pristine graphene).
By End-User
Industries
: Automotive, Aerospace, Pharmaceutical, Energy, Coatings,
Electronics, and Chemical, among others (composite, catalysts, filtration,
adhesives).
By Regions
: North America, Europe, APAC and Rest-of-the-World (RoW).
Global Graphene
Market - Geographical Analysis
North America accounted for the
leading market for Graphene Market with the largest market
share and is further estimated to grow at a significant CAGR by 2023. Factors substantiating
the market growth include the rapid industrialization, the presence of the
numerous producers and the substantial demand for the product from the various
end-user industries such as electronics and aerospace mainly in the countries
like the US, Canada, and Mexico.
The U.S. backed by the greater
penetration of end-user industries in the country, accounts as the major
contributor to the market growth among other North American countries.
Other factors such as strict
regulatory framework and high rate of technology adoption, in developed regions
such as North America and Europe are estimated to witness the significant
growth.
Globally, Asia Pacific accounts
for the second-leading market for graphene, owning a substantial market share.
Availability of cost-comprehensive labor-force and growing exports are some of
the key factors substantiating the market growth in the regional. Owing to the
surging demand for Graphene backed by the growing investments in the industrial
sector and improved standard of living in some of the APAC countries such as
India, China, and Japan the market size is widening considerably.
Whereas, the Europe region is
emerging as one of the promising markets for graphene, worldwide. Factors such
as the growing applications in the well-developed end-users industries such as
automotive, aerospace, pharmaceutical, and energy support the market growth in
the region. Owing to the major growth contributor countries such as Germany,
UK, and Russia, Europe region is expected to register phenomenal growth records
over the forecast period.
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