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COVID-19 to Impact Demand Growth of graphene market | By key players are Graphenea S.A, Graphene Frontiers, ACS Materials, Haydale Limited, XG Sciences
Graphene Market
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Speaking of the aerospace industry, graphene-based components such as epoxy adhesives, advanced coatings, fiber reinforced laminates, electrical packaging, and electrically conductive coatings & composites are increasingly percolating in the manufacturing of aircraft components. As is the case with automotive, lightweight and fuel efficiency are essential in airborne vehicles to reach highest level of performance.
As per estimates, the number of large commercial aircrafts is likely to catapult to almost 1,680 units by 2024 from 1,430 units in 2016, which is likely to induce graphene market demand. Graphene market share from aerospace & defense industry is likely to accrue more than 12% of global market and capture a CAGR of over 35% over 2017-2024.
North America has procured its position as one of the most promising graphene markets and is anticipated to account for more than 40% of the global market share by 2024. The growth of the market can be attributed to the presence of renowned players in the region. North America graphene market share is expected to record a CAGR of 35% over 2017-2024. Competitive advantage in terms of manufacturing expertise and rising product demand from end use industries is likely to bolster market outlook.
The expansion of semiconductor and electronics industries will have a positive impact on graphene market trends over the coming years. The material is known to be among the thinnest ever known to mankind while it exhibits about 200 times more strength than steel.
Graphene is an outstanding conductor of heat and electricity and has a high potential to be used across any industry. It is only one atom thick which makes it almost entirely transparent. It transmits around 97-98% of light in comparison with a single pane window glass that transmits 80-90% of light. Its superior and multiple properties have fueled its applications in LCDs, touchscreens and solar panels.
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It has been estimated that global graphene market size will reach over US$400 million in revenues by 2026, with significant demand from energy, automotive, electronics and healthcare segments.
Majorn key players in the Graphene market are Applied Graphene Materials plc, Graphenea S.A, Graphene Frontiers, ACS Materials LLC, Haydale Limited, Advanced Graphene Products, Applied Nanotech, Inc., Nanjing XFNANO Materials Tech Company Limited, XG Sciences, Grafoid Inc, AMO Gmbh, Angstron Materials, Inc., Angstron Materials, Inc., Graphene Laboratories, Inc., and Thomas Swan & Co.
Browse More News:
https://www.globenewswire.com/news-release/2019/07/29/1892694/0/en/Bitumen-Membranes-Market-to-cross-USD-3-5-Bn-by-2025-Global-Market-Insights-Inc.html
https://www.prnewswire.com/news-releases/powder-coating-market-to-exceed-usd-17-bn-by-2025-global-market-insights-inc-300940763.html
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