Graphene Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024

Graphene Market Overview

Graphene is a crystallized form of carbon that is million times thinner than human hair or a sheet of paper. It is extremely flexible, highly conductive, and possesses high level of heat resistance as compared to copper and silver.This wonder material absorbs 2% of light and hence,is almost perfectly transparent, impermeable to gases, and chemical components can be added to alter its properties. These attributes of the material enables its incorporation into a wide range of applications in end-use industries such as energy, aerospace, automotive, biomedical, and electronics. Earlier, graphene was artificially produced through mechanical exfoliation process resulting into mono layer of graphite, which is only 1 atom thick. This thinnest material was unstable when exposed to high temperature and air. Superlative materials were manufactured by adding layers and these compounds had potential for its use in more applications.With the advent of technology, the development of exceptional properties of graphene resulted into its combination with other two dimensional semiconductor crystals, which improved the efficiency of the superconductor.

Global Graphene Market Taxonomy

The global graphene market is classified on the basis of the following segments:

  • By product type
    • Mono- & bi-layer
    • Multi layered
    • Graphene oxide
    • Graphene nano-platelets
    • Others
  • Application
    • Energy
    • Aerospace & Defense
    • Automotive
    • Biomedical & life sciences
    • Coatings
    • Composites
    • Sensors
    • Electronics
    • Others

Prevalent Scenario in Graphene Market

Silicon is second most common element found on Earth and hence is very cheap and is largely manufactured across the globe. Silicon is an excellent conductor of heat and electricity and is widely used in energy storage and electronic applications. However, power consumption is a major concern in conventional silicon-based devices. Graphene is a cost-effective substitute to silicon due to its attributes such as flexibility, high thermal conductivity, and high electrical conductivity. It also runs cooler than silicon and exhibits superior energy harvesting properties.This acts as a key driver for the global graphene market. Due to these key attributes, graphene has attracted major R&D investments of over US$ 1.3 billion committed by the European Commission under graphene flagship projects since 2015. Such government initiatives play a vital role in development and innovation of graphene for wide range of applications.Stalwarts of the electronics and IT industry,such as Apple, Samsung, and IBM are focusing on filing patents for graphene-based technologies developed by them. For instance use of graphene in mobile devices & wearables, graphene membranes for aerospace, and graphene for 3D printing applications. Increasing number of patents has resulted into promising applications of graphene in electronics industry.The energy storage and conversion applications are the fastest growing application of graphene market due to increasing use of graphene owing to its high energy density and fast charging cycle.

The key restraint for the graphene lies in manufacturing large quantities in different varieties, at affordable prices, while ensuringeffective yields. Lack of band gap as compared to silicon is another restraint which results in lower stability in terms of electrical conductivity. High costs to overcome these restraints and high research and development investments hamper growth of the graphene market.North America contributes a major market share due to its growing automobile and electronics industries as well as energy sector. AsiaPacific market is expected to expandat the highest CAGR due to rampant growthof the electronics market in emerging economies such as China and India. Also, China has the largest graphite reserve in the world and hence, it is the largest global producer of graphene.In spite of the niche nature, the market has high potential and large number of manufacturers are focusing on offering innovative products to enhancetheir market share.

Fragmented Market

The global graphene market is highly fragmented due to the participation of many established and emerging players in the digital genome market. Major players involved in the market include CVD Equipment Corporation (U.S.), Graphene NanoChem Plc. (Malaysia), Graphenea SA (Spain), Grafoid Inc. (Canada), Haydale Graphene Industries Plc (U.K.), Group NanoXplore Inc. (Canada), Thomas Swan & Co., Ltd. (U.K.), Vorbeck Materials (U.S.), 2D Carbon Tech Inc. Ltd. (China), and XG Sciences Inc. (U.S.).

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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