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Graphene Market 2018 By Regional Manufacturers Applied Graphene Materials, XG Sciences, Graphenea, Grafoid Inc. & Graphene Frontiers
Graphene Market
Graphene Market size will surpass USD 200 million by 2024; according to a new research report by Global Market Insights, Inc.
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Graphene oxide is a key product segment in the graphene market which will account for around 40% of the total industry revenue share in 2024. The segment will grow with a CAGR above 35% in the forecast spell owing to its extensive usage in electronic equipment, biotechnology, as a surfactant and in catalytic oxidation. Due to a single-atomic layer structure, graphene oxide is used as electrode material for batteries, capacitors, and solar cells. This will boost the segment demand in the electronics and power sector and will boost the graphene market growth in the forecast spell.
- Graphene Market by Product
• Graphene oxide
• Graphene nanoplatelets
• Mono-layer & bi-layer graphene
• Others
- Graphene Market by End-user
• Electronics
• Aerospace & defense
• Energy
• Automotive
• Healthcare
• Others
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The major end-user industries in the graphene market include aerospace & defense, automotive, electronics, energy, and healthcare. Aerospace & defense is an important end-user which will hold around 15% of the total industry revenue share in 2024. The segment will gain by around 35% CAGR in the forecast spell owing to increasing product use in the manufacture of aircraft components. Healthcare segment is also a significant end-user and will generate revenue above USD 20 million by 2024. Growing product demand for manufacturing biosensors, drug delivery systems, tissue engineering, and cancer treatment will fuel this segment’s growth in coming years.
Increasing product use in automotive & aerospace industries will boost the graphene market development throughout the forecast timeframe. The rising demand for light-weight and energy-efficient vehicles will fuel the industry in coming years as graphene can be used to manufacture fiber reinforced laminates that can act as a substitute for conventional automotive component materials. These laminates help to decrease the vehicle weight without compromising on its strength and safety.
Lighter vehicles have better fuel economy and help reduce the carbon footprint. Product-based electrically conductive adhesives are fast replacing conventional anti-corrosion coatings such as electrophoretic coating in vehicles. This will also propel the product market demand for the automotive industry and will augment the graphene market development till 2024.
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There are many small and large manufacturing companies in the overall graphene market which are Applied Graphene Materials, XG Sciences, Graphenea, Grafoid Inc., Graphene Frontiers, Advanced Graphene Products, ACS Materials, Applied Nanotechm, Haydale Limited, Angstron Materials, Nanjing XFNANO Materials Tech, Graphene Laboratories, AMO Gmbh, Xiamen Knano Graphene Technology, and Thomas Swan & Co. Graphene market participants are gaining a competitive edge over their rivals through acquisitions & mergers, new product developments and R&D investments.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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