Press release
Graphene Market Targets Impressive 44.7% CAGR 2024 - 2031 | Graphensic AB, BGT Materials Limited
Graphene Market
The graphene market is estimated to surpass US$ 2,152.9 million by the end of 2028 in terms of revenue, exhibiting a CAGR of 44.7% during the forecast period (2021 to 2028).
Market Dynamics:
The graphene market is witnessing high growth owing to increasing demand from the electronics industry. Graphene enhances the properties of materials used in electronics. For instance, it improves conductivity and flexibility of touchscreens. Additionally, the growing demand for flexible and wearable devices is also fueling the market growth. Graphene helps manufacture bendable screens, foldable smartphones, and other such devices. Furthermore, the ability of graphene to conduct heat efficiently makes it suitable for power electronics applications as well. Its high thermal conductivity allows for heat dissipation from circuits and components. Graphene can also be utilized as a component in lithium-ion batteries to improve the battery life and capacity. Growing adoption of electric vehicles further creates opportunities in this segment.
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Graphene Market Drivers: Increasing Demand for Touch Screen Displays and Touch Sensors
The global demand for touchscreens has increased drastically over the past few years with the proliferation of smartphones and other touch-enabled consumer electronic devices. Graphene exhibits excellent thermal and electrical conductivity, high mechanical strength and flexibility which makes it an ideal material for manufacturing touchscreens and touch sensors. Graphene thin-films can be highly responsive to touch inputs while also being very thin, lightweight and durable. Leading electronics manufacturers are now exploring the potential of graphene for developing the next generation of flexible, high-definition and shatterproof touch displays. The touchscreen displays market alone is projected to reach a value of over $30 billion by 2025 which indicates a huge market potential for graphene in this application.
Graphene Market Drivers: Rising Usage of Graphene in Energy Storage Applications
Energy storage has emerged as one of the most promising application areas for graphene. Graphene has a extremely high surface area which allows it to store a large number of ions. It also exhibits high electrical and thermal conductivity. These properties make graphene an attractive material for developing high-performance lithium-ion batteries, supercapacitors and fuel cells. Graphene is being widely researched for manufacturing batteries with higher energy densities and faster charging capabilities for electric vehicles. The global lithium-ion battery market stood at $36 billion in 2019 and high energy storage demand from the automotive, industrial and consumer electronics sectors is expected to propel this market to over $100 billion by 2030. This surging demand for advanced energy storage solutions presents a huge driver for the graphene market.
Graphene Market Trends: Increasing Research on Graphene Commercialization
While graphene research has predominantly focused on fundamental material science and prototype development so far, the emphasis is now shifting strongly towards commercialization and large-scale manufacturing aspects. Major technology giants, national research laboratories as well as several graphene startups worldwide are pursuing different strategies to commercialize graphene. These include development of low-cost production methods, fabrication of graphenes with tailored properties, design of scalable synthesis equipment, optimizing post-production processing and identification of high-volume application segments. Significant government and private funding is also flowing into commercialization programs. It is expected that at least 10 companies will start selling tonnage quantities of graphene annually by 2024. As these research and development initiatives start bearing fruits over the coming years through new commercial-grade graphene products and applications entering the market, it will translate into considerable market adoption and revenue growth.
Top Companies Included in This Report:
★ Graphensic AB
★ BGT Materials Limited
★ Graphenea SA
★ Graphene Square Inc.
★ ACS Material LLC
★ Chongqing Moxi Technology Co.
★ Ltd
★ Grolltex Inc.
★ CealTech AS
★ Thomas Swan & Co. Ltd
★ and XG Sciences Inc.
Market Segmentation:
Based on Product Type:
★ By Product Type: Graphene Nanoflakes, Graphene Oxide, CVD (Chemical Vapour Deposition) Films, Others
Based on Applications:
★ By Application: Composites, Conductive Films & Inks, Energy, Transistors, Others
Key Regions/Countries Classified as Follows:
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
South America (Brazil, Argentina, Rest of SA)
Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
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Latest Trends in the Navigation Graphene Market:
Surging Demand: Witness a rising demand for navigation Graphene owing to the escalating usage of GPS-enabled devices and the imperative for precise, up-to-date mapping data.
Innovations in Technology: Witness the emergence of novel technologies aimed at enhancing the precision and dependability of navigation Graphene, encompassing real-time traffic updates, 3D mapping, and augmented reality.
Tailored Solutions for Diverse Industries: Companies are tailoring navigation Graphene solutions to cater to the distinct requirements of various sectors such as automotive, aviation, and maritime.
Fusion with Emerging Technologies: Observe the integration of navigation Graphene with cutting-edge technologies like artificial intelligence and the Internet of Things, facilitating the provision of advanced functionalities.
Rise of Mobile Applications: Experience the proliferation of navigation Graphene in the form of mobile applications, offering enhanced convenience and accessibility to users.
Emphasis on Environmental Sustainability: Witness the development of navigation Graphene systems that consider environmental factors such as traffic congestion and air quality, fostering the provision of sustainable transportation alternatives.
Report Highlights:
Evaluation of Navigation Graphene Market Share at Country and Regional Levels.
Strategic Landscape Analysis, Highlighting Key Trends.
Examination of Navigation Graphene Market Trends, Including Product and Technological Insights, Drivers and Constraints, and PORTER's Five Forces Analysis.
Strategic Recommendations for Key Business Segments Based on Market Assessments.
Guidance Tailored for New Entrants.
Market Forecasts for All Identified Segments, Sub-segments, and Regional Markets in the Navigation Graphene Sector.
Frequently Asked Questions (FAQs) for Global Navigation Graphene Market Research:
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What is the growth rate of the Navigation Graphene Market?
What is the current size of the Navigation Graphene Market?
Which region demonstrates the highest growth rate in the Navigation Graphene Market?
Which region commands the largest share in the Navigation Graphene Market?
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