Dublin–(business wire)–“Global Graphene Market: Trends by Material (Graphene Oxide, Reduced Graphene Oxide, Graphene Nanoplatelets, etc.), Application (Composites, Electronics, Energy, etc.), Regional Size, and Impact of COVID-19 Analysis by and Forecast to 2027 report added of ResearchAndMarkets.com Recruitment.
The global graphene market is valued at USD 125.84 million in 2021 and is projected to grow to USD 493.1 million in 2027. Graphene is a two-dimensional material composed of a single layer of carbon atoms arranged in a honeycomb lattice pattern.
There are three types of graphene: 1) Pure graphene (single layer). One atom thick is more than 40 times stronger than diamond and 200 times stronger than steel. 2) Bilayer graphene, which has similar properties to pure graphene. 3) Few-layer graphene.
Graphene’s applications are widely acknowledged to be limitless due to its exceptional thermal and electrical conductivity, mechanical strength, and high surface area. These properties can change the properties of other materials such as composites, concrete, elastomers and plastics. The market is expected to grow at a CAGR of 25.56% over the forecast period 2022-2027.
companies mentioned
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Applied graphene materials
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Direct Plus SpA
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Nano Explorer Co., Ltd.
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Haydale Graphene Industries Plc.
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G6 Materials Co., Ltd.
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global graphene group
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Thomas Swann & Company Limited
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ACS Materials, LLC
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Grafenia Inc.
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Groltex Co., Ltd.
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BGT material
market dynamics
driver
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Growing electronics industry
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Soaring demand from construction activity
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Expansion of painting and coating applications
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Use of graphene in sports equipment and clothing
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Increasing use of graphene membranes
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Expanding applications of graphene in the medical field
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Supportive government initiatives and policies
Task
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lack of standardization
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Limited availability of high-quality graphene
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Lack of infrastructure and expertise
trend
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Increasing demand for electric vehicles
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Expanding use of graphene in the aerospace industry
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Increase in new manufacturing methods and patent applications
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Growing role of graphene in decarbonization
Market segmentation analysis:
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By material: The report identifies four segments based on material: graphene oxide, reduced graphene oxide, graphene nanoplatelets, and others. The reduced graphene oxide segment is expected to be the fastest growing segment during the forecast period. This product is widely used where large quantities are required in commercial applications such as energy storage. The use of reduced graphene oxide is expanding in areas such as research, batteries, biomedical, supercapacitors and printable graphene electronics. The product is also used in field effect transistors (FETs), chemical and biological sensors. As a result, product availability in various applications is expected to drive growth during the expected period.
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By Application: The report identifies four segments based on application: Composites, Electronics, Energy, and Others. Graphene composites dominated the market in 2021 with diverse applications in aerospace, automotive, coatings, metals and plastics. Combining the potential of graphene with existing products creates composite materials. Graphene-based composites are used to improve the quality and performance of sports equipment for cycling, skiing, and other sports. Additionally, the demand for products is increasing in the composites application segment due to qualities such as UV resistance, light weight, and flexibility.
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By Region: The report divides the global graphene market into four regions: North America, Asia Pacific, Europe, and ROW. North America accounted for the largest share of the global market in 2021. Graphene production in North America is growing as the material is increasingly used in a variety of industries and applications. There are several. Companies in the United States and Canada are among them. Graphene production in North America is driven by factors such as increasing demand for materials with unique properties, growing awareness of the environmental benefits of using graphene, and advances in manufacturing techniques.
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The Asia-Pacific market is expected to expand significantly during the forecast period. Favorable government policies, funding and research all contribute to the growth of the local market during this time. Moreover, the market in this region is expected to be driven by the presence of large manufacturers and consumers, and increased production across many sectors including automotive, defense, marine and aerospace industries.
COVID-19 impact analysis and future outlook:
The COVID-19 pandemic has had a major impact on the graphene market. The pandemic has cut demand for many products, including those made from graphene, as many companies have closed or scaled back operations.
Additionally, supply chain disruptions caused by the pandemic have made it more difficult for manufacturers to obtain raw materials and other inputs needed to produce graphene-based products.
Despite the short-term challenges posed by the pandemic, the outlook for the post-COVID graphene market looks bright. Rising demand for high-tech products and growing need for sustainable and renewable energy solutions are expected to drive the growth of the graphene market in the coming years.
Governments around the world are also investing in research and development of graphene-based technologies, which is expected to further boost the market growth.
For more information on this report, please visit https://www.researchandmarkets.com/r/cq0nor.