Press release
Graphene Market to Rear Excessive Growth During 2024 - 2031 | Graphensic AB, BGT Materials Limited
Graphene Market
The Graphene Market is estimated to be valued at USD 233.8 Mn in 2024 and is expected to reach USD 813.8 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 19.5% from 2024 to 2031.
Market Dynamics:
The graphene market is expected to grow owing to rising demand from the electronics industry. Graphene finds application in touch screens, flexible displays, batteries and conductors in electronics. Its high electrical and thermal conductivity makes it suitable for manufacturing flexible and high-performance electronics. Additionally, growing demand for graphene composites from the aerospace industry is also estimated to fuel market growth during the forecast period. Graphene composites provide strength and durability to aircraft components. Their light weight helps improve fuel efficiency of aircrafts.
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High Production Costs Hampering Large-Scale Manufacturing
Current graphene production methods like mechanical exfoliation and chemical vapour deposition involve complex, multi-step processes and specialized equipment, driving up costs substantially. Significant R&D investments are still needed to develop scalable, low-cost production technologies before graphene can be commercially manufactured and incorporated into mass-market products. The high capex requirements pose challenges, especially for small companies and start-ups working in this domain. Until costs come down drastically, widespread industrial adoption and commercialization of graphene-based products may remain restricted.
Enhancing Batteries and Energy Storage with Graphene Composite Materials
Improving battery performance has become crucial for the proliferation of EVs and portable electronics. Graphene composites show great potential to enhance the energy and power density, lifespan, and charging speed of today's lithium-ion batteries when used as anode or cathode materials. Its high electrical conductivity and surface area enable faster ion diffusion. Graphene is also being researched for applications in next-gen battery chemistries like lithium-sulfur and solid-state batteries. The energy storage market, driven by the electrification of transportation and growing demand for renewable energy, provides a massive opportunity to utilize graphene's properties and accelerate its commercial use over the coming decade.
Increasing Commercial Production and Supply Chain Development
While graphene continues to attract significant R&D investments, commercialization efforts are also ramping up. Major producers are establishing large-scale manufacturing facilities and working with industrial partners to develop supply chains for specific applications. For example, global producer Versarien is working with Honeywell to qualify and supply graphene for composite applications. Meanwhile, firms like Angstron Materials and Sixth Element Materials are expanding commercial production capacity through new plants. As availability increases and costs come down, organizations across various sectors will adopt graphene to enhance existing products or develop new offerings, driving its incorporation into widespread industrial and commercial applications. Over time graphene may transition from an ultra-niche material to a high-volume commercially traded commodity.
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Top Companies Featured 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:
By Product Type:
★ By Product Type: Graphene Nanoflakes, Graphene Oxide, CVD (Chemical Vapour Deposition) Films, Others
By 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)
Key Inquiries Addressed in this Report include:
📈 What was the size of the Graphene Market in 2024, and what is the projected value by 2031?
📈 What is the present global market landscape for the Graphene Market?
📈 What strategies offer optimal opportunities for growth maximization in the business?
📈 What recent trends are shaping the Graphene Market?
📈 How does the market share of Graphene Market revenue, sales, and size vary across specific geographical regions?
📈 Who are the prominent industry players in the Graphene Market?
📈 Which segment of the Graphene Market is experiencing heightened demand?
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Graphene sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
💎 Request For Customization at: @ https://www.coherentmarketinsights.com/insight/request-customization/275
Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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