The global graphene market was valued at US$ 53.5 Mn in 2018, according to Global Graphene Market Report, by Product Type (Graphene Nanoflakes, Graphene Oxide, CVD (Chemical Vapor Deposition) Films, and Others), by Application (Composites, Conductive Films & Inks, Energy, Transistors, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) published by . The global graphene market is projected to reach US$ 1,421.2 Mn by 2027, exhibiting a CAGR of 44.7% during the forecast period (2019-2027). The market is expected to witness significant growth over the forecast period, attributing to rising demand of graphene in various applications such as conductive films & inks, composites, and energy applications along with growing demand from end-use industries including energy, composites & coatings, and biomedical. Moreover, graphen is widely used in electronic components and in various applications such as semiconductors, sensors, and super capacitors, owing to its thermal and electrical conductivity and a large surface-to-volume ratio. Graphene is a potential solution to enhance energy capacity of devices such as electronic products including mobile phones and computer, with the help of graphene incorporated batteries. Therefore, growth of the electronics industry is expected to fuel demand for graphene. For instance, according to India Brand Equity Foundation report on Electronics industry, June 2017, the electronics market in India is expected to witness a CAGR of 41.4% from 2016 to 2020 to reach US$ 400 billion by 2020, from US$ 100 billion in 2016. However, toxic nature of graphene and graphene production process is expected to hinder growth of the global graphene market across in the near future. To know the latest trends and insights prevalent in this market, click the link below: https://www.coherentmarketinsights.com/ongoing-insight/graphene-market-275 Browse 22 market data tables* and 20 figures* on "Graphene Market” - Global forecast to 2027. Key Takeaways of the Market:

  • On the basis of application, conductive films & inks segment contributed for 37.4% in global graphene market in 2018. Moreover, energy segment is projected to record fastest growth of about 46.1% in the global graphene market during the forecast period. Non-renewable energy sources such as crude oil are depleting at high rate, however, energy demand is increasing with growing population. Therefore, there is a rising need for development of renewable resources. For instance, according to Energy Statistics 2018, Government of India, solar power potential is 64.86% of total potential of renewable energies generated in the same year.
  • Graphene offers excellent electrical properties and therefore, it is being considered as a promising solution for generating clean energy for a sustainable future. Graphene products possess properties such as high surface area, large electrical conductivity, light weight nature, and chemical stability and therefore, they are considered as potential solution in the energy industry such as for solar cells, batteries, super capacitors, hydrogen storage, and fuel cells. These applications of graphene is likely to boost the demand for graphene worldwide in the near future.
  • Among regions, North America held dominant position in the global graphene market in 2018, whereas Asia Pacific accounted for the second largest revenue share followed by Europe in the same year. Growing end-use industries such as automotive industry is expected to boost demand for graphene in Europe. For instance, according to figures released by German Association of the Automotive Industry in 2018, turnover of German automotive industry in 2017 increased by 4% compared to 2016 to reach US$ 474.23 billion in 2017.
  • Major players operating in the global graphene market are Graphensic AB, BGT Materials Limited, Graphenea SA, Graphene Square Inc., ACS Material, LLC, Chongqing Moxi Technology Co., Ltd, Grolltex Inc., CealTech AS, Thomas Swan & Co. Ltd, and XG Sciences Inc.

 

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