Graphene Market Size & Forecasts, 2020-2027

Graphene Market Statistics 2027

The global graphene market size is valued at USD 87.5 Million in 2019 and is projected to reach USD 876.8 Million by 2027, growing at a CAGR of 40.2% from 2020 to 2027. Major factors driving the growth of graphene market size are growing purchasing power, increasing consumer electronics demand such as tablets and mobile phones, and rising product penetration in various applications, including energy storage, semiconductors, and sensors.

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What is the Graphene Market?
Graphene, which is the world's first 2D material, is ultra-light and extremely tough. The honeycomb lattice structure of the material makes it 200 times stronger than steel and extremely flexible. The material is considered an excellent conductor of electricity and has a high level of heat resistance as well. Due to its unique physicochemical characteristics, the material has wide applications across different industries such as energy, electronics, composites, coatings, biomedical, sensors, automobile, aerospace, etc.
Graphene Market Trends
The growth of the graphene market report is expected to be powered by the increased adoption of renewable energy across different sectors across the globe. Furthermore, strict regulations imposed by different governments to minimize carbon emissions are expected to fuel the growth of the graphene market report.

It is anticipated that ongoing R&D activities around the globe and large-scale development of graphene from renewable sources, especially the use of value-added chemicals, will give enormous growth for the graphene market size.

Graphene Market Segment Review
Based on type, graphene nanoplatelets are expected to witness the highest growth during the forecast period.

This rapid growth is attributed to their wide range of applications in various sectors, including aerospace, telecommunications, medical and energy storage, and generation.

By application, due to their power and weight enhancement ability, the composites segment is expected to experience the highest growth during the forecast period.

These are used in a number of industries, including production, automotive, and aerospace. Manufacturers are able to produce solid and light materials with high electrical conductivity and heat resistance by applying small amounts of graphene to materials such as metals, polymers, and ceramics.
Graphene Market Regional Analysis
Asia-Pacific holds a dominant position in 2019 and would continue to maintain the lead over the forecast period.

Thanks to its outstanding electrical and thermal conductivity, graphene is mainly used in the electronic and automotive industries. The Asia Pacific is rising rapidly in both the electronic and automotive industries, and they are big end-users of graphene.

North America accounted for the second-highest graphene market share in 2019 and is expected to sustain its dominance over the forecast period.

The defence is the most promising segment as graphene has higher flexibility and strength compared to the conventional materials used in the industry. Based on geography, the market is segmented into North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). In 2013, North America was the largest revenue-generating segment and this market would witness substantial market growth in the future as well.
Major Players in the Graphene Market
The major players of the global graphene market are CVD Equipment Corporation, Graphene Nanochem PLC, Vorbrck Materials, XG Sciences, Haydale Limited, Graphenea, Graphene Laboratories, Bluestone Global Tech, Angstron Material, Inc. and ACS Material, LLC.

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