Sarasota, FL — 12/27/2017 — According to the report, global graphene market was valued at USD 32.0 million in 2016 and is expected to reach USD 193.68 million in 2022, growing at a CAGR of 35.0% between 2017 and 2022.
Graphene is a substance that contains high electronic mobility, heat resistance, and permeability. It is a good conductor of electricity and heat. This quality of graphene surging the use of its uses in consumer electronics, conductive inks, composites, flexible radio frequency devices, supercapacitors, coatings, sensors, etc. It exhibits the unique properties such as ultra thinness, super strength, versatility, extremely high conductivity, and cost.
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The global graphene market is expected to witness significant growth rate in the forecast period, primarily owing to the demand from the electronic and automobile industry in the emerging economies. Automobile and electronics industry in developing countries such as India and China is expected to grow at a significant rate during the forecast period. Government policy and funding to R&D plays a vital role in the development of graphene industry. However, stringent rules and regulations related to health issues are expected to hinder the growth of the market. Moreover, the graphene is replacing the silicon chip in semiconductor, and graphene use in water filtration and desalination will be an opportunity for new growth of the industry.
Based on applications, the global graphene market size has been segmented into composite, electronic, energy storage, transport, healthcare, and textile industry. Electronic accounted for the largest market share in 2016, owing to the extensive demand from various end-user industries such as an automobile, energy, and composite etc, storage medical implants; improve sports equipment.
Browse the full ” Graphene Market (Mono-Layer & Bi-Layer Graphene, Few Layer Graphene, Graphene Oxide and Graphene Nano Platelets) for Composites, Energy Storage, Electronics and Others Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022″ report at https://www.zionmarketresearch.com/report/graphene-market
North America held the largest share of the global graphene market in 2016. Moreover, this region is expected to witness a growth in automobile and electronics industries, which would help to boost the demand in the region over the forthcoming years. Besides this, growing energy sector in this region is a major driving force that is projected to provide the necessary momentum to the industry in the region within the forecast period.
Europe was the second largest market of graphene in 2016. Furthermore, extensive R&D investments in Europe will conclusively influence Europe's regional market growth over the future years. Developing rapidly and successfully end-user industries such as energy, healthcare, and aerospace & defense will help to enhance the product demand during the arrival years and this, in turn, will fuel the graphene market growth in Europe.
The Asia Pacific is expected as one of the fastest growing markets of graphene between 2017 and 2022. Extensive growth of electronic industry in the Asia Pacific along with increasing demand for automobiles in the region is expected to drive the market growth over the years to come. Moreover, the existence of huge graphene mine in China associated with remarkable ongoing research on the graphene's product in countries such as China, Japan, India, and South Korea are projected to grant market's growth during the next few years.
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Latin America and the Middle East & Africa region accounted for the least share of the total market in 2016. However, it is predicted to witness the moderate growth owing to the emerging market in both the region. Nonetheless, the growing investments and developments by the international companies in the region are likely to boom the market growth during the future years.
Some of the leading players in the market are Grafoid, Inc., Samsung Electronics Co. Ltd., IBM Corporation, Graphene Laboratories, Inc., Graphene Square, Graphenea S.A., Graphene Frontiers, SanDisk Corporation Skeleton Technologies, and Galaxy Microsystems, Ltd. among others.
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This report segments the graphene market as follows:
Graphene Market: Product Analysis
1 Mono-Layer & Bi-Layer Graphene
2 Few Layer Graphene
3 Graphene Oxide
4 Graphene Nano Platelets
Graphene Market: Application Analysis
2 Energy Storage
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