2D Materials Market Exclusive Overview Report | 2024-2031

The 2D Materials Market is to reach over 36.27 billion by the year 2031 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global 2D Materials Market Size, Share & Trends Analysis Report By Material (Graphene, Black Phosphorous, Transition Metal Dichalcogenides, Mxenes, Hexagonal Boron Nitride), And End Users (Composite And Coating, Energy Storage Devices, Electronics, Semiconductors, Pharmaceuticals, Automobiles )- Market Outlook And Industry Analysis 2031"
The 2D Materials market will reach over USD 36.27 billion by 2031, exhibiting a CAGR of 23.67% during the forecast period.
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The demand for 2D materials is anticipated to grow with the increasing demand from the end-use industries such as composite and coating, energy storage devices, electronics, semiconductors, pharmaceuticals, and automobile. In the forecast period, the increasing adoption of 2D materials in the healthcare sector and the increasing adoption of non-graphene 2D materials such as Mxene, TMDCs, Hexagonal boron nitride, and others are expected further to fuel the advancement of the global 2D materials market.
However, the high cost of production is anticipated to the market growth in the upcoming future. The global 2D materials market is in the growth phases. Rising sales of fuel cell vehicles and increasing focus on decarbonization and controlling pollutants are expected to boost the market growth. Furthermore, high demand from industries and growing demand for transparent conductive films in electronics increase the need for the 2D materials market.
List of Prominent Players in the 2D Materials Market:
• NanoXplore Inc.
• Cabot Corporation
• Smart-elements GmbH
• Thomas Swan & Co. Ltd.
• Ossila Ltd
• ACS Material LLC
• American Elements
• 2D Materials Pte Ltd.
• Blackleaf
• BASF SE
• 6Carbon Technology
• Garmor Tech
• Nitronix Nanotechnology Corporation
• Planar TECH LLC
• AVANZARE INNOVACION TECNOLOGICA S.L.
• XlynX Materials Inc.
• Layer One
• 2-D Tech
• 2D Water
• Smena

Market Dynamics:
Drivers-
The market for 2D materials is increasing due to renewable energy, an increase in the use of hydrogen fuel cells in electric automobiles, cost-cutting initiatives, environmentally friendly norms, and pollution-free etc. are key factors expected for the growth of the target market. Another important factor driving the 2D materials market is the growing demand for transparent conductive films in electronic devices such as touch screens on mobile phones, displays, solid-state lighting, solar PV modules, and others. This factor is the expected growth of the 2D materials market.
Challenges:
The prime challenge is the large-scale production of high-quality graphene products in developing countries, which is predicted to reduce the growth of the 2D materials market. At the device level, the challenge for 2D material is the control of dielectric and contact interfaces. The self-passivating of 2D material surface requires fabrication methods to achieve dielectric deposition.
Regional Trends:
The North America, 2D material market, is expected to register a major share in revenue and is projected to grow at a high CAGR soon. Growing population, rapid urbanization, and increasing industrialization, coupled with increasing R&D activities by prominent players, are factors to increase the growth of the 2D material market in the region. Besides, Europe had a substantial share in the market due to its developed economy and growing adoption due to the adoption of new strategies by the major players in the 2D material market.
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Recent Development:
• In September 2021, Colloids Limited introduced a new infrastructure for customized polymeric materials using its ground-breaking graph and graphene masterbatch advanced technologies. Due to its extraordinary qualities, graphene has attracted a lot of attention. Additionally, it has exceptional mechanical characteristics and superior thermal and electrical permeability.
• In December 2021, Black Swan Graphene Inc. signed a legally enforceable letter of intent to purchase Dragonfly Capital Corp. in a backward merger agreement for $31.5 million. On December 13, 2021, Black Swan Graphene Inc. and Dragonfly Capital Corp. agreed to communicate shares in an opposite merger transaction. Stockholders of Black Swan would then obtain 15.2 consideration shareholding for every ordinary Black Swan share they own.
• In September 2022, NanoXplore purchases XG Science assets. This procurement greatly enhances its intangible assets associated with graphene and battery materials augmented by graphene, and it also expedites the industry's entry into the rechargeable batteries material market.

Segmentation of 2D Materials Market-
By End User-
• Composite and Coating
• Energy Storage Devices
• Electronics
• Semiconductor
• Pharmaceuticals
• Automobile
• Others
By Material Type-
• Graphene
• Black Phosphorous
• Transition Metal Dichalcogenides
• Mxene
• Hexagonal boron nitride
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.