DUBLIN--(BUSINESS WIRE)--The "Graphene Market by Type (Bulk, Monolayer), Application (Composites, Paints, Energy Storage, Electronics, Catalyst and Tire) , End-use Industry (Automotive, Aerospace, Electronics, Military and Construction) and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global graphene market size is projected to grow from USD 620 million in 2020 to USD 1,479 million by 2025, at a CAGR of 19.0% between 2020 and 2025.
Graphene is demanded in various end-use industries including automotive & transportation, aerospace, electronics, and construction; due to its advantages properties such as high strength, thermal conductivity, and durability. However, global pandemic disease COVID-19 has disrupted the operations of aerospace, automotive & transportation, and other industries which are expected to decrease the demand for graphene in 2020.
Monolayer graphene is the fastest-growing type of graphene, in terms of value.
The monolayer graphene finds wide applications in various end-use industries. The major applications of monolayer graphene are in quantum computing, pressure sensors, touch sensors, transistors, nanoelcmechanical systems (NEMS), optoelectronics, aerospace components, electronic components and others. The increasing demand from these applications is expected to drive the monolayer graphene market during the forecasted period.
Energy Storage & Harvesting is the fastest-growing application of graphene, in terms of value.
Graphene is used in energy generation and storage of capacitors, batteries, and also in grid applications for strong wind or solar power. It is used in lithium-ion batteries to increase their lifespan and make them flexible, renewable, and lightweight. Graphene-based supercapacitors can charge and discharge easily and find potential usage in camera flashes, cards, wind turbines, and power backup supplies for industries, home, and solar power plants.
Electronics is the fastest-growing end-use industry of graphene, in terms of value.
Graphene, also called the wonder material, is widely used in the electronics industry as a potential substitute for silicon-based electronic products. High mechanical strength, superior thermal conductivity, and high electron mobility are some of the properties of graphene that are driving the demand for graphene in the electronics end-use industry. Graphene is used in various electronic products such as batteries, optical electronics, transistors, displays and touch screens, capacitors, and transparent memory technology, among others. Wearable technology is another segment where graphene is used in optical electronics to create flexible and wearable newspaper-like smartphones that can be worn on the wrist, tablet, and a rolled-up newspaper. The increasing demand from these applications is expected to drive the market during the forecasted period.
APAC is the fastest-growing graphene market.
APAC is projected to register the highest CAGR in terms of value in the global graphene market during the forecast period. The increasing R&D activities in the region coupled with increasing demand from automotive & transportation and electronics end-use industry in the region is driving the market growth. APAC is a combination of both emerging markets and developed economies; the growth potential in the region is unlike anything seen before.
Market Dynamics
Drivers
- Increasing Applications in End-Use Industries
- Increasing R&D Activities
Restraints
- Difficulty in Mass Production
- Lack of Band Gap
Opportunities
- Increasing Demand for Graphene from Energy Storage Applications in China
Challenges
- Lack of Standardization in Graphene Industry
- High Production Cost
Companies Mentioned
- 2D Carbon (Changzhou) Tech Inc., Ltd.
- Avanzare Innovacion Tecnologica S.L.
- Beijing Jinglong Special Carbon Technology Co., Ltd.
- Changzhou Sixth Element Materials Technology Co., Ltd.
- China Carbon Graphite Group, Inc
- Directa Plus S.P.A.
- Dongxu Optoelectronic Technology Co., Ltd.
- Enwang New Material Technology Co., Ltd.
- Global Graphene Group
- Graphenea Sa
- Haydale Graphene Industries plc
- Jcnano Tech Co., Ltd.
- Jiangsu Tianchuang New Material Technology Co., Ltd.
- Jinan Shengquan Group Share Holding Co., Ltd
- Luoyang Tongrun Info Technology Co., Ltd.
- Nanjing Xfnano Materials Co., Ltd.
- Nanoxplore Inc.
- Ningbo Morsh Technology Co., Ltd.
- Qingdao Huagao Inkene Technology Co., Ltd.
- Qingdao Yanhai Carbon Materials Co., Ltd.
- Shandong Lite Nano Technology Co., Ltd.
- Superc Technology Ltd.
- Suzhou Graphene Nanotechnology Co., Ltd.
- Tianjin Plannano Energy Technologies Co., Ltd.
- Wuxi Yuanwen Graphene Technology Co., Ltd.
- Xiamen Knano Graphene Technology Corporation Limited
For more information about this report visit https://www.researchandmarkets.com/r/3y89f5
