The Global Graphene market has witnessed an astronomical growth over the past few years owing to major factors such as surging investments to improve R&D activities, upsurge in the production capacity due to a boost in the adoption of electric vehicles, and rapid industrialization. Moreover, burgeoning demand for graphene among flexible electronics, photovoltaics, and semiconductors, along with extensive consumption of consumer goods in developing markets of China and India, and bolstering government initiatives toward use of graphene for various development projects are anticipated to lead to lucrative growth opportunities for major manufacturers in the forecast period.
According to MarkNtel Advisors’ research report titled “Global Graphene Market Analysis, 2020”, the Global Graphene market is anticipated to grow at a CAGR of around 36% during 2020-25. Based on product, graphene nanoplatelets (GNP) acquired the significant market share in the Global Graphene market in 2019 on account of its low pricing and wider range of applications such composites, energy & power storage, conductive inks, coatings, and medical devices. Moreover, the demand for monolayer & bilayer graphene is surging at a rapid rate due to its extensive utilization in various verticals such as aerospace, telecommunications, medical, and energy storage and generation.
“Global Graphene Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and growth opportunities available for Graphene providers across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
Asia-Pacific Registered the fastest Growth
Asia-Pacific registered the fastest growth in Global Graphene market in 2019. The growth of the segment is attributed to burgeoning degree of research & development activities so as to produce graphene at significantly reduced costs due to escalating adoption of electric vehicles, extensive use of graphene in consumer electronics, and growing partnerships with manufacturers to develop next-gen graphene for aerospace & defense and electronic industries. Apart from these, increasing presence of major established players, surge in cross-industry collaborations for the development of graphene, and augmenting utilization of graphene in lightweight sports equipment are the factors anticipated to bolster the growth of the Graphene Market in the forthcoming period as stated in MarkNtel Advisors’ research report “Global Graphene Market Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share in the Global Graphene market are Graphenea S.A., Graphene Frontiers, Haydale Limited, ACS Materials LLC, Applied Graphene Materials plc, Advanced Graphene Products, Nanjing XFNANO Materials Tech Company Limited, Applied Nanotech, Inc., AMO Gmbh, XG Sciences, Grafoid Inc., Graphene Laboratories, Inc., Angstron Materials, Inc., Xiamen Knano Graphene Technology Corporation Limited, Thomas Swan & Co etc.
Key questions answered in the study: