Graphene is a single, tightly packed layer of carbon atoms in the form of a hexagonal honeycomb lattice and a combination of graphite and suffix -ene, It has one layer of carbon, which is just an atom thick. Furthermore, it exhibits remarkable electrical conductivity and heat resistance. It is widely used in various applications, such as RFID, composites, sensors, research & development, energy storage, functional ink, and polymer additives. However, high price of equipment and technical limitation for commercial production are the major factors restricting the growth of the market. In addition, the health and environmental risks associated during production of 2D material graphene is high, as it is highly inflammable. Furthermore, increasing capital investment for strengthening R&D activities and focus on expanding production capacity would boost the graphene market growth during the forecast period. Graphene industrial applications have observed greater demands over the past five to six years.
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Based on type, the global market is segmented into monolayer & bi-layer graphene, few-layer graphene, graphene oxide and graphene nanoplatelets. In 2015, graphene nanoplatelets (GNP) segment accounted for about two-thirds of the overall market revenue. The demand for GNP is primarily attributed to its low price and wide application areas. Monolayer & bilayer graphene and few-layer graphene contributed about one third of the market share in 2015, and is expected to grow at the highest CAGR during the forecast period.
Graphene is used in various applications such as RFID, composites, sensors, research & development, energy storage, functional ink, and polymer additives. The industry is at its nascent stage of commercialization. Therefore, in 2014, more than 75% of the graphene was used for research & development and prototype preparation by research institutes, universities, and R&D units of prominent companies like Nokia, Samsung, Intel, IBM, and others. Energy storage application is expected to be the fastest growing segment, registering a CAGR of 93.2% during the forecast period. Graphene electrodes are widely used in energy storage devices, such as electromagnetic super capacitors and batteries (Li-ion, Li-air, lead acid, and fuel cells), owing to high energy density and quick charging property.
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The market has been segmented into four regions, namely North America, Europe, Asia-Pacific, and LAMEA. In 2015, North America was the largest revenue-generating segment and this region would continue to dominate the market during the forecast period. In US, about three forth of the graphene produced is used for the research and development activities across various universities and institutes. In addition, Asia-Pacific is expected to be the fastest growing segment during 2014-2021. The driving factors of the Asia-Pacific market include presence of large graphite mines in China, ongoing research on graphene in India, China, Japan, Korea, and Taiwan, and huge scope in electronics applications in this region.
Some of the leading manufacturers profiled in this study include Graphenea, XG Sciences, Vorbrck Materials, Haydale Limited, Graphene Laboratories, CVD Equipment Corporation, Graphene Nanochem PLC, Bluestone Global Tech, Angstron Material, Inc., and ACS Material, LLC.
GRAPHENE MARKET KEY BENEFITS:
- The projections in this report are based on the analysis of the current trends, size and future market potential for the period of 2014-2021 in terms of value and volume.
- Exhaustive analysis of the world industry by type helps in understanding the types of graphene currently being used along with the size and share of the variants that would gain prominence in future.
- Competitive intelligence (of leading manufacturers and distributors of graphene) helps in understanding the competitive scenario across geographies.
- This report provides a quantitative analysis for the period of 2014-2021, which would enable stakeholders to capitalize on the latent graphene industry opportunities.
- The key players in the graphene industry have been profiled and their growth strategies have been analyzed to understanding the competitive outlook of the market.
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