Graphene market share research by applications and regions for 2019-2025
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<strong>Graphene</strong> <strong>market</strong> will be valued USD 200 million <strong>by</strong><br />
<strong>2025</strong>: Global Market Insights, Inc.<br />
With constant dem<strong>and</strong> from automotive <strong>and</strong> aerospace industries, global graphene <strong>market</strong> size is<br />
anticipated to cross USD 200 Mn <strong>by</strong> 2024. The automotive industry is aiming to achieve greater<br />
heights in terms of energy efficiency <strong>and</strong> vehicle weight due to which the usage of graphene, as a<br />
material <strong>for</strong> automotive components has increased drastically. <strong>Graphene</strong> is being progressively<br />
substituted with conventional automotive material components <strong>and</strong> is generally used to produce<br />
fiber rein<strong>for</strong>ced laminates. Moreover, with towering dem<strong>and</strong> <strong>for</strong> faster, lighter, <strong>and</strong> fuel-efficient<br />
aircrafts, the aerospace industry is also generating considerable graphene <strong>market</strong> dem<strong>and</strong>.<br />
Increasing R&D investments <strong>by</strong> <strong>market</strong> vendors to develop application-specific graphene with<br />
superior characteristics, which will unveil new potential product <strong>applications</strong> is likely to propel<br />
<strong>market</strong> trends in the coming years. Besides, <strong>market</strong> players are adopting various strategies such as<br />
new product developments, mergers & acquisitions, R&D investments to gain precedence over the<br />
<strong>market</strong>, which is likely to fuel graphene industry outlook in the <strong>for</strong>eseeable timespan.<br />
Accelerated R&D ef<strong>for</strong>ts <strong>and</strong> subsequent technological advancements have also had a profound<br />
impact on the <strong>market</strong> growth. The same can be validated <strong>by</strong> citing the instance of a recent<br />
development in the graphene space. Aerospace engineers from the University of Central Lancashire<br />
in Britain reportedly developed the first-ever graphene-skinned unmanned aircraft with graphenebased<br />
batteries. Such developments are slated to further intensify graphene <strong>market</strong> trends.<br />
<strong>Graphene</strong> nanoplatelets <strong>market</strong> is expected to garner more than 30% of the global <strong>share</strong> <strong>by</strong> 2024 on<br />
account of product applicability across myriad range of industries such as transportation, electronics,<br />
biomedical, energy, consumer electronics, <strong>and</strong> others. Superior properties such as high thermal &<br />
electrical conductivity, stiffness, <strong>and</strong> hardness make it well-suited <strong>for</strong> <strong>applications</strong> in the abovementioned<br />
industries.<br />
<strong>Graphene</strong> oxide <strong>market</strong> is poised to procure around 40% of the total industry <strong>share</strong> <strong>and</strong> register a<br />
CAGR of more than 35% over 2017-2024. <strong>Graphene</strong> oxide is extensively used as an electrode<br />
material <strong>for</strong> capacitors, solar cells, <strong>and</strong> batteries on account of its single-atomic layer structure. In<br />
addition, its widespread usage in the biotechnology sector will further fuel <strong>market</strong> trends.<br />
Driven <strong>by</strong> worldwide awareness regarding reduction of carbon footprint on the environment, the<br />
automotive industry is making relentless strides to achieve lightweight <strong>and</strong> fuel-economy in its<br />
vehicles. <strong>Graphene</strong>, as an automotive component material, has gained considerable prominence in<br />
recent years. Excellent strength, lightweight, <strong>and</strong> electrical conductivity characteristics of graphene<br />
aligns with the a<strong>for</strong>esaid targets of the automotive industry. <strong>Graphene</strong>-based composites such as<br />
electrically conductive adhesives have started replacing traditional coatings in automobiles.<br />
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Browse key industry insights spread across 80 pages with 92 <strong>market</strong> data tables & 11 figures &<br />
charts from the report, “<strong>Graphene</strong> Market” in detail along with the table of contents:<br />
https://www.gminsights.com/industry-analysis/graphene-<strong>market</strong><br />
Speaking of the aerospace industry, graphene-based components such as epoxy adhesives,<br />
advanced coatings, fiber rein<strong>for</strong>ced laminates, electrical packaging, <strong>and</strong> electrically conductive<br />
coatings & composites are increasingly percolating in the manufacturing of aircraft components. As<br />
is the case with automotive, lightweight <strong>and</strong> fuel efficiency are essential in airborne vehicles to reach<br />
highest level of per<strong>for</strong>mance. As per estimates, the number of large commercial aircrafts is likely to<br />
catapult to almost 1,680 units <strong>by</strong> 2024 from 1,430 units in 2016, which is likely to induce graphene<br />
<strong>market</strong> dem<strong>and</strong>. <strong>Graphene</strong> <strong>market</strong> <strong>share</strong> from aerospace & defense industry is likely to accrue more<br />
than 12% of global <strong>market</strong> <strong>and</strong> capture a CAGR of over 35% over 2017-2024.<br />
North America has procured its position as one of the most promising graphene <strong>market</strong>s <strong>and</strong> is<br />
anticipated to account <strong>for</strong> more than 40% of the global <strong>market</strong> <strong>share</strong> <strong>by</strong> 2024. The growth of the<br />
<strong>market</strong> can be attributed to the presence of renowned players in the region. North America<br />
graphene <strong>market</strong> <strong>share</strong> is expected to record a CAGR of 35% over 2017-2024. Competitive<br />
advantage in terms of manufacturing expertise <strong>and</strong> rising product dem<strong>and</strong> from end use industries is<br />
likely to bolster <strong>market</strong> outlook.<br />
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proprietary <strong>research</strong> methodology <strong>and</strong> are available <strong>for</strong> key industries such as chemicals,<br />
advanced materials, technology, renewable energy <strong>and</strong> biotechnology.<br />
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