Graphene Coating Market is projected to reach USD 1.29 Billion by 2030, growing at a CAGR of 29.3% during the forecast period of 2023-2030 - published by MarketDigits

Graphene Coating Market Scope:
Market size value in 2023 - USD 187.4 Million
Market size value in 2030 - USD 1.29 Billion
CAGR (2023-2030) - 29.3%
Forecast Period - 2023-2030
Segments Covered - Application, Product Type, End User & Region
Geographies Covered - North America, Europe, Asia Pacific, and Row
Sample of Companies Covered - Directa Plus S.p.A., Petroliam Nasional Berhad (PETRONAS), Global Graphene Group, Deyang Encarbon Technology Co., Ltd.

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Browse in-depth TOC on "Graphene Coating Market"
178-Tables
95-Figures
332-Pages

The market for graphene coating is dominated by Asia Pacific
In 2023, the Asia Pacific region dominated the graphene coating market. This can be attributed to the region's large number of graphene manufacturers and consumers, which is a critical demand-driving factor. Increasing production volumes in sectors like automotive, marine, defence, and aerospace are expected to further drive graphene industry growth in Asia Pacific over the forecast period. China is poised to emerge as a prominent graphene coating market, driven by favourable government policies that promote investments in the manufacturing sector. The Chinese government has implemented strong support measures for graphene research and development, which is expected to bolster the industry's expansion.
North America experienced a significant growth in global graphene coating market, driven by its advanced technological infrastructure, substantial R&D investments, and high adoption rates across diverse industries. The region's aerospace and automotive sectors are major consumers of graphene coatings, leveraging the material's performance-enhancing and durable properties. The electronics industry is also integrating graphene coatings for advanced components and flexible electronics. Moreover, North America has seen a surge in research collaborations between universities, institutions, and industry leaders, focused on refining cost-effective production methods and exploring novel graphene coating applications.

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Top Key Players Covered in the Report-
NanoXplore Inc., Vorbeck Materials Corp, Universal Matter, Xiamen Knano Graphene Technology Co., Ltd., Graphenea Inc., Grafoid Inc., KISHO Corporation Co., Ltd., Haydale Graphene Industries PLC, Directa Plus S.p.A., Petroliam Nasional Berhad (PETRONAS), Global Graphene Group, Deyang Encarbon Technology Co., Ltd., and Others.

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Recent Developments-
• In June 2023, Graphite One Inc. and Vorbeck Materials Corp. will form a teaming agreement to target transformative applications in both commercial and defence sectors.
• In February 2023, Universal Matter agreed to acquire the main operating subsidiaries of Applied Graphene Materials plc - Applied Graphene Materials UK Limited and Applied Graphene Materials LLC - for a total of $1.3 million. This acquisition will significantly enhance Universal Matter's capabilities in dispersing and applying graphene for advanced paints and coatings.

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This release was published on openPR.