2D Materials Market 2024-2031 | Exclusive Study Report

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 2024-2031, exhibiting a CAGR of 23.67% during the forecast period.

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It is projected that as the demand for end-use sectors such as composite and coating, energy storage devices, electronics, semiconductors, medicines, and automotive rises, so will the need for 2D materials. The global 2D materials market is anticipated to grow during the forecast period due to the growing use of 2D materials in the healthcare industry and the growing use of non-graphene 2D materials such as mxene, TMDCs, hexagonal boron nitride, and others.

On the other hand, the market is expected to develop shortly despite the high production costs. The demand for 2D materials worldwide is currently expanding. Increased emphasis on decarbonization and pollution control, along with growing sales of fuel cell vehicles, are anticipated to propel market expansion. The necessity for the 2D materials market is further heightened by the strong demand from various sectors and the expanding need for transparent conductive films in electronics.

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.