By 2026, Graphene Market will register over 35% CAGR | Applied Nanotech, Inc, and XG Sciences, Haydale Limited, Grafoid Inc., Angstron Materials, Inc.
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Top Key Players in The Market are:
Graphenea S.A., Applied Graphene Materials plc, ACS Materials LLC, Haydale Limited, Grafoid Inc., Angstron Materials, Inc., Applied Nanotech, Inc, and XG Sciences, among others
Graphene coating has also been gaining widespread prominence across the globe, being extensively used in the manufacturing of coatings on laptops and mobile screens as well as circuits, sensors, and memory chips.
Likewise, the global market has observed a robust penetration of graphene material in the semiconductor industry in countries like India, the U.S., South Korea, Japan, and China. For example, in June 2019, a research team from the University of Exeter used CMOS (complementary metal-oxide-semiconductor)-compatible processes to manufacture humidity sensors based on graphene, which were found to have exhibited enhanced performances at low costs and power, as compared to their commercial sensors.
Graphene, in addition, has been steadily gaining traction in the automotive industry, as it is deployed in the production of lightweight composite materials. In August 2019, for example, BAC (Briggs Automotive Company) unveiled a lighter and high-performance Mono R supercar that incorporated graphene-enhanced carbon fiber in its car body component. These aforesaid product applications will provide a positive trajectory to overall graphene market growth in years ahead.
As per Global Market Insights, Inc. estimates, the global graphene market size is expected to surpass $400 million by 2026.
In terms of segmentation by product, the graphene oxide segment is projected to account for a major share over the forthcoming years, driven by its mounting usage in polymers to enhance conductivity, tensile strength, toughness, and elasticity.
On the other hand, the global graphene market from the mono-layer & bi-layer graphene product segment will register remuneration worth more than $50 million in 2026. The segmental growth can be credited to its rising applications in nano- and micro-electromechanical systems, chemical & biological sensors, conductive coatings, and flexible batteries. There has been an increasing number of research activities to examine the potential of bi-layer in producing ultrafast lithium-ion conductors, field-effect transistors, ultrahard carbon films, and superconductors, thereby fostering industry trends.
With regards to the application spectrum, the electronics segment is anticipated to hold a considerable share, owing to the escalating product demand to manufacture smartphone screens and memory chips. It has also been linked as a revolutionary material in the industry, with CVD graphene demonstrated as an ideal solution for delivering a single-layer produced at low costs after a continuous R2R process.
Furthermore, the global graphene market from the energy and healthcare segments will record high revenue in the coming years, on account of its strong support for the renewable energy sector. The product has been used in energy storage and generation in the form of electrodes, Li-ion batteries, and supercapacitors. It has also gained adoption in biosensors due to its toughness and flexibility, along with its rising applications in medical devices, tissue engineering, drug delivery, and cancer treatment.
On the regional front, the North America graphene market will gain remarkable traction over the foreseeable future, which can be credited to the accelerating investments in R&D activities across the region.
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Key graphene market players include XG Sciences, Angstron Materials, Inc., Applied Nanotech, Inc, Haydale Limited, Graphenea S.A., Grafoid Inc., ACS Materials LLC, and Applied Graphene Materials, among others. These companies are implementing strategies such as new product launches, joint ventures, and R&D to gain a competitive edge over other companies in the global market.
To illustrate, in January 2021, Infinity Wax unveiled Graphene Wax, a high-performance car wax created using the Genable® graphene nanoplatelet dispersions from AGM, following the successful launch of its innovative QDX Graphene Detailing Spray in the Q4 of 2020. The new product has been designed to offer high water beading and sheeting properties due to enhanced hydrophobicity, resulting in paint protection for the long-term.
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