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Graphene Market report categorizes global market by product, and by application - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025
Graphene Market - Global Industry
Insights, Trends, Outlook, 2017–2025
Graphene is a two-dimensional crystalize form of carbon atom perfectly distributed in a
hexagonal honeycomb formation of 0.3 nanometers thick with just 0.1 nanometers
between each atom. It is million times thinner than human hair or a sheet of paper, and
the lightest material known (with one square meter coming in at around 0.77
milligrams). It is 200 times stronger than steel, and incredibly flexible. It is electrically
and thermally conductive but also absorbs 2% of light and hence perfectly transparent.
Such attributes incorporates into wide range of applications in industries such as
automotive, aerospace, energy, biomedical and electronics.
Graphene was artificially produced through mechanical exfoliation process resulting into
mono layer of graphite, which is only 1 atom thick. Its thermal and electrical
conductivity, mechanical strength and optical purity could be used in a wide range of
materials such as coatings and composites, flexible screens, inks, high-capacity
batteries, sensors and ultra-fast transistors and in the field of semiconductors for
computer chips as graphene chips are much faster than existing ones made from
silicon.
Graphene is an extremely assorted material, and hence can be combined with other
elements (including metals and gases) to produce different materials with various
exclusive properties. Researchers all over the world continue to constantly investigate
and patent graphene to learn its various properties and possible applications.
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Prevalent Scenario in Graphene Market
According to the report published by Badische Anilin- und Soda-Fabrik (BASF)
published a report on the prospect of graphene, estimated a market worth $1.5bn in
2015 and $7.5bn in 2025. Since its breakthrough, the number of research publications
on the product has increased from over 125 in 2005 to more than 9000 in 2013. This will
augment the graphene market growth from 2017 to 2025 as it will enhance product
applicability in various industries. Government initiatives such as the European
Commission’s invested USD 1.3 billion in the products research & development.
Graphene has various end user industries such as aerospace, automotive, energy,
coatings, pharmaceuticals, electronics, 3-D printing, chemical, and others. Increasing in
demand of electronics industries is likely to drive the Graphene Market growth.
Graphene is a cost-effective substitute to conventional silicon based devices due to its
attributes. It also possesses energy harvesting properties. Due to these key attributes,
graphene has attracted major R&D investments of over US$ 1.3 billion committed by
the European Commission under graphene flagship projects since 2015. Such
government initiatives play a vital role in development and innovation of graphene for
wide range of applications. The energy storage and conversion applications are the
fastest growing application of graphene market due to increasing use of graphene
owing to its high energy density and fast charging cycle
However, there are many challenges with scaling up graphene to industrial quantities
including controlling defects, the need for complex transfer techniques required to
handle the two-dimensional material and manufacturing large quantities of different
varieties. It has lower stability because of the lack of band gap as compared to silicon.
High costs to overcome these restraints and high research and development
investments hamper growth of the graphene market. North America contributes a major
market share due to its growing automobile and electronics industries as well as energy
sector. China has the largest graphite reserve in the world and hence, it is the largest
global producer of graphene. In spite of the niche nature, the market has high potential
and large number of manufacturers are focusing on offering innovative products to
enhance their market share.
Fragmented Market
Being transparent and good conductor, graphene could replace the electrodes in the
indium used in touchscreens. Graphene-based coating for desalination membranes is
developed that is more robust and scalable than current Nano filtration membrane
technologies. Graphene rejects almost 100 percent of salt content, makes it a perfect
material for desalination membranes.
In the near future, graphene could potentially be used for electrical components and
other items such as composites, batteries, sensors, ion-exchange membranes and
other products. The other project involving graphene will be the development of low-cost
inkjet printers and for the military applications. Electronics and energy storage could
also be revolutionized by graphene.
The global graphene market is highly fragmented due to the participation of many Major
players involved in the market include CVD Equipment Corporation (U.S.), Graphene
NanoChem Plc. (Malaysia), Graphenea SA (Spain), Grafoid Inc. (Canada), Haydale
Graphene Industries Plc (U.K.), Group NanoXplore Inc. (Canada), Thomas Swan & Co.,
Ltd. (U.K.), Vorbeck Materials (U.S.), 2D Carbon Tech Inc. Ltd. (China), and XG
Sciences Inc. (U.S.).
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trends, technologies, and potential absolute dollar opportunity.
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