Press release
2D Materials Market Size Projected To Reach 2.76 Billion By 2034 With A Cagr Of 4.7%
2D Materials Market Growth
What Is the Projected Growth of the 2D Materials Market?
In recent times, the market size for 2D materials has been increasing steadily. The market is forecasted to rise from $2.20 billion in 2024 to $2.31 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 4.9%. The growth observed in the historic period is due to several factors: burgeoning demand for high-performance electronics, escalating investments in research and development, broadening application of graphene-based substances in commercial realms, rising interest in energy storage and battery technologies, and superior material features compared to their conventional counterparts.
Continued progression at a steady pace is anticipated for the 2D materials market, with projections estimating its worth at $2.77 billion by 2029 reflecting a compound annual growth rate of 4.7%. The surge during the forecasted timeline is as a consequence of increasing demand for sophisticated electronic and optoelectronic devices, the rise in research and development investments, expansion of the semiconductor industry, government-led initiatives and financing for 2D material studies, and extension of graphene and transition metal dichalcogenides (TMDs) application areas. Primary trends evident over the forecasted timeframe include the integration of flexible and wearable technology, progress in nanotechnology and materials engineering, the creation of large-scale production methods, incorporation of 2D materials in semiconductor production, and advancements in chemical vapor deposition (CVD) techniques for mass production.
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What Are the Different 2D Materials Market Segments?
The 2D materials market covered in this report is segmented -
1) By Type: Graphene, Hexagonal Boron Nitride, Black Phosphorus, Germanene, Silicene, Other Types
2) By Production Method: Chemical Vapor Deposition, Mechanical Exfoliation, Liquid Exfoliation, Other Production Methods
3) By End User: Electronics, Energy Storage Devices, Composite And Coating, Biomedical Applications, Other End Users
Subsegments:
1) By Graphene: Monolayer Graphene, Few-Layer Graphene, Graphene Nanoplatelets, Reduced Graphene Oxide (rGO), Pristine Graphene
2) By Hexagonal Boron Nitride (h-BN): Monolayer h-BN, Few-Layer h-BN, h-BN Nanotubes, h-BN Nanoparticles
3) By Black Phosphorus: Monolayer Phosphorene, Few-Layer Phosphorene, Bulk Black Phosphorus
4) By Germanene: Monolayer Germanene, Doped Germanene, Functionalized Germanene
5) By Silicene: Monolayer Silicene, Silicene Nanoribbons, Hydrogenated Silicene
6) By Other Types: Stanene, Molybdenum Disulfide (MoS2), Tungsten Disulfide (WS2), Transition Metal Dichalcogenides (TMDs), Other Emerging 2D Materials
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What Are the Primary Drivers Shaping the 2D Materials Market?
The expansion of the automotive industry is anticipated to boost the 2D materials market in the future. This growth in the automotive sector is due to the rising implementation of autonomous driving technology, which enhances safety and convenience. There is a surge in investment in AI-driven driver assistance systems, accelerating the advancement of self-driving cars. The use of 2D materials in the automotive industry promotes improved battery efficiency, lightweight structures, and state-of-the-art sensors, thus enhancing performance and safety. For example, Statistics Canada, a Canada-based government agency, reported in November 2023 that the total number of registered road motor vehicles in Canada hit 26.3 million in 2022, marking a 0.3% increase from 2021. Further, 3.0% of light-duty vehicle registrations in 2022 were electric vehicles, up from 2.3% in 2021. Hence, the expanding automotive industry is fostering the growth of the 2D materials market.
Which Companies Are Leading in the 2D Materials Market?
Major companies operating in the 2D materials market are Samsung Advanced Institute of Technology, BASF SE, LG Chem Ltd, Sixth Element Materials Technology, AIXTRON SE, ACS Material LLC, Cambridge Nanosystems Ltd, NanoXplore Inc., CVD Equipment Corporation, Black Swan Graphene Inc., Thomas Swan & Co. Ltd, Directa Plus, Haydale Graphene Industries Plc, Avanzare Innovacion Tecnologica S.L., Graphenea S.A., Grolltex Inc., 2D Carbon Tech Inc., Elcora Advanced Materials Corp, Abalonyx AS, Global Graphene Group.
What Are the Major Trends Shaping the 2D Materials Market?
Leading corporations in the 2D materials market are focusing their efforts on generating innovative goods, such as high-volume graphene powder, to boost performance across various sectors. High-volume graphene powder indicates the mass production of graphene in powder form that is primarily used as an additive in many industrial applications. For example, NanoXplore Inc., a Canadian graphene firm, declared in January 2024, that it was increasing the production capacity at its St-Clotilde, QC facility to cater to the escalating demand for SMC parts fortified with graphene from a standing client. This action corresponds with the organization's plan to expand manufacturing, boost efficiency, and aid vital industries like the automotive, aerospace, energy storage, and coatings domains.
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What Are the Top Revenue-Generating Geographies in the 2D Materials Market?
North America was the largest region in the 2D materials market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the 2D materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the 2D Materials Market?
2. What is the CAGR expected in the 2D Materials Market?
3. What Are the Key Innovations Transforming the 2D Materials Industry?
4. Which Region Is Leading the 2D Materials Market?
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