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2D Materials Market Revenue Report with Forecast to 2034
The 2D Materials market will reach over USD 7008.0 Mn by 2034, exhibiting a CAGR of 24.3% during the forecast period.
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The demand for two-dimensional (2D) materials is projected to increase significantly, driven by their expanding applications across key end-use industries such as composites and coatings, energy storage systems, electronics, semiconductors, pharmaceuticals, and the automotive sector. During the forecast period, the growing utilization of 2D materials in healthcare, along with the rising adoption of non-graphene variants-such as MXenes, transition metal dichalcogenides (TMDCs), and hexagonal boron nitride-is expected to further propel the global 2D materials market.
Despite this promising outlook, the high cost of production is anticipated to act as a constraint on market growth. Nonetheless, the market remains in its growth phase, supported by increasing sales of fuel cell vehicles, heightened focus on decarbonization, and efforts to reduce environmental pollutants. Additionally, rising industrial demand and the growing need for transparent conductive films in electronic devices are expected to contribute positively to the expansion of the 2D materials market.
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 growth of the 2D materials market is being fueled by increasing demand from renewable energy sectors, the rising adoption of hydrogen fuel cells in electric vehicles, cost-reduction initiatives, and the implementation of environmentally sustainable regulations. A significant driver contributing to market expansion is the growing need for transparent conductive films in electronic applications, including mobile phone touchscreens, display panels, solid-state lighting, and photovoltaic solar modules.
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Challenges:
One of the primary challenges facing the 2D materials market is the difficulty of achieving large-scale production of high-quality graphene products, particularly in developing economies. Additionally, technical obstacles at the device level-such as managing dielectric and contact interfaces-pose limitations.
Regional Trends:
North America is expected to capture a significant share of the 2D materials market and exhibit strong compound annual growth, driven by population growth, rapid urbanization, increased industrial activity, and robust research and development initiatives by leading market participants. Europe also holds a notable share of the market, supported by its advanced economic landscape and the strategic adoption of innovative technologies by key industry players.
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.
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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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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.https://www.insightaceanalytic.com/images_data/148861653.
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