San Francisco, 7 December 2018 – According to a report published by Grand View Research, Inc.; the global graphene market is anticipated to attain USD 529.8 million by 2025. High demand for durable and efficient raw materials among manufacturers is anticipated to propel market over the forecast period (2014 to 2025). Graphene is extracted from graphite ore and is 100 times stronger than steel. In addition, it can conduct electricity and heat efficiently and is the thinnest element in the world.
Growing demand for consumer electronics including tablets and smartphones is anticipated to drive the market for graphene. Increasing use of graphene composites in medical implants can also fuel growth. Such composites offer strength to the final products. High demand for laptops and personal computers can surge adoption of the product to make circuitry. This, in turn, can stimulate expansion of market during the forecast period.
U.S. graphene market revenue, by application, 2014-2025 (USD Million)
To cater to rising demand, most companies are likely to invest in R&D activities to find advanced applications. For instance, a team of researchers at the University of Duisburg in Germany recently discovered that graphene can transform electronic signals at gigahertz frequencies into higher-frequency terahertz signals. Such signals can shuttle up to 1000 times as much information per second.
The worldwide graphene market can be fragmented on the basis of product, application, and region. Based on product, the market can be categorized into graphene oxide, graphene nanoplatelets, and others. In 2015, nanoplatelets held 50% of market share. These small stacks of graphene have thickness ranging from 1 to 15 nanometers. Polymers such as plastic and rubber can be made conductive by adding small proportions of graphene. In addition, these nanoplatelets can be used as thermal and electrical conductors owing to high mechanical and barrier properties.
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On the other hand, graphene oxide is estimated to expand at a steady CAGR of 30% during the forecast period. It is considered as a cheaper alternative to graphene and is available in powdered form or as coating on a substrate. In addition, this coating can make substrate conductive, which can make product essential material for manufacturing transparent conductive films. Moreover, it can also be used in medical applications and disease detection. All these factors are anticipated to bode well for market growth over the forecast period.
Based on application, the market can be classified into energy, composites, energy, electronics, and others. In 2015, electronics sector contributed most to overall market growth. High strength and conduction properties are likely to surge demand for graphene in electronics sector. Apart from touchscreens for mobile phones and tablets it can also be used to make circuitry of personal computers and laptops. In addition, it can be used as semiconductor attributed to its low thickness. Moreover, chips made from graphene are faster than existing silicon chips.
Composites held the second largest share of 36% in 2016. Composites enhance strength and conductivity of bulk materials. Such properties make them useful in various sectors including medical implants, aerospace, and engineering materials.
Regional segmentation includes Europe, North America, Asia Pacific, Latin America, and Middle East and Africa. In 2015, North America dominated the market with a 33.6% of total share. The region is likely to witness growth in electronics and automobile sector, which is likely to boost demand. In addition, growth of energy sector can also fuel regional product demand during the forecast period.
In Asia Pacific, the market for graphene is estimated to expand at a fast CAGR over the forecast period. Growth of electronics sector in countries such as Japan, China, India, and South Korea can fuel regional expansion. In addition, growth of aerospace and defense and automobile sectors can impel demand for graphene. This, in turn can augment market growth over the forecast period. Europe accounted for 28% market share in 2015. It is likely to expand at CAGR of 36.9% from 2016 to 2025.
Some of the leading companies operating in graphene market are CVD Equipment Corporation, AMO Gmbh, Xiamen Knano Graphene Technology Corporation Limited, Directa Plus, and Graphensic AB. The market is expected to be consolidated owing to presence of few number of manufacturers across the globe.
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Grand View Research has segmented the global graphene market on the basis of product, application, and region:
Product Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)
- Graphene Nanoplatelets
- Graphene Oxide
Application Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)
Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)
- North America
- Asia Pacific
- Latin America
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