Global Graphene Market Report
Global Graphene Market, By Type (Powder, Dispersion, and Others); By Applications (Electrical & Electronics, Composites, Energy, Biomedical, and Others); By Region (North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America) Trend Analysis, Competitive Market Share & Forecast, 2017-2027
- Published Date: May 2021
- Report ID: BWC20338
- Available Format: PDF
- Page: 163
Report Overview
The Global Graphene Market-
Industry Trends & Forecast Report 2027
The global graphene market was worth USD 610.3 million in 2020 and is further projected to reach USD 1,834.2 million by 2027, at a CAGR of 15.3% during the forecast period (2021-2027). The growth of the graphene market is primarily supported by the growing adoption of graphene in various applications such as electrical & electronics, composites, energy, and others. Furthermore, graphene is widely used in a variety of applications because it is considered the world's most robust material and is used to improve the mechanical properties of other materials. The aforementioned are the key factors driving the growth of the graphene market globally.
Source: BlueWeave Consulting
Global
Graphene Overview
Graphene
is a carbon allotrope which is also the world's strongest material and thinnest
compound in the chemistry of elements. It is lightweight but extremely strong and
tough. Graphene is the subject of extensive research in the fields of
nanotechnology and high technology. The single-layer monomer of carbons atoms
is tightly bound in a hexagonal honeycomb lattice to form graphene. It is also
thought to be the best conductor of electricity and the most conductive metal
of heat at room temperature. Graphene is currently gaining traction in the
automobiles, aerospace, and defense sectors. The graphene market is
expected to expand during the forecast period as a result of ongoing product
development and significant public and private investments to leverage the
product's properties for a variety of applications.
Global
Graphene Market Trend
Growth
Drivers
Growing
Usage of Graphene in Different Applications Such as Energy Storage
Graphene is viewed by
research organizations as a versatile material for both high-tech and low-tech
applications. This is primarily due to the increasing application in the
end-user industry. The increasing adoption of graphene in applications such as
biomedical, energy, paints, and others are driving the growth of the global graphene
market. Graphene offers excellent properties such as high electron mobility and
high thermal and electrical conductivity. Due to the properties mentioned
above, it is finding opportunities in the energy resources. Graphene is widely
used to produce supercapacitors or ultra-capacitors as they offer high surface
area. The graphene coating on the supercapacitor plates aids in the formation
of double layers, besides optimizing and effectively storing a large
amount of energy. The factors cited above are some of the key factors driving
the market growth.
Because fossil fuels are
expected to be depleted in the coming years, various energy storage
alternatives are finding opportunities in the market. The market for battery
hybridization with supercapacitors is expanding at an unprecedented rate. In
the upcoming years, electric vehicles are likely to dominate the automotive
market owing to the increasing government initiatives and regulatory rules and
regulations regarding pollution emissions. Furthermore, a hybrid model of
graphene in batteries can replace traditional lithium-ion batteries in electric
vehicles, driving market growth even further.
Increasing
Demand from the Automotive and Transportation Industry
Graphene is widely used in the
automotive and transportation industry. Graphene has long been regarded as the
most revolutionary material. Because of its properties such as high tensile
strength and light components, graphene is used in the production of the outer
body of automotive vehicles. Graphene in body panels also serves as an embedded
antenna in applications such as decking panel heaters and sensors. Gas sensors,
for example, are used to optimize engine operation by monitoring air inlets and
outlets.
The automotive and
transportation industries are among the fastest-growing
industries in the world. China is the world's largest automotive
manufacturer and the leading car manufacturer. In 2019, approximately 92
million vehicles were manufactured worldwide, with 67 million cars and 25
million commercial vehicles. According to the European Automobile Manufacturers
Association, the European automobile industry is a global player, exporting
high-quality "Made in Europe" goods and contributing to the EU's USD
74 billion trade surplus.
Restraints
High
Cost of Production
The cost of production is
regarded as the most important factor in determining the price of the product
manufactured by the company. The cost of production may include the cost of raw
materials, labor, transportation, and the manufacturing process used for the
product. Though carbon is the fourth most abundant substance found on earth,
graphene's manufacturing cost is comparatively high. Graphene has a high
potential in a variety of applications, but the high cost of production is
limiting the global graphene market's growth. The current cost of producing
graphite is estimated to be around USD 100 per gram.
Impact
of COVID-19
Various businesses around
the world have been slowed by the pandemic. Several supply chains, logistics,
raw material suppliers, mining laborers, and others have been impacted by the
COVID-19. The pandemic has also impacted the growth of the global graphene
market. As a result of the lockdown, several industries had to halt the
production of graphene.The automotive sector, where graphene finds its most
prominent application, also saw a downfall in sales volume. Nevertheless, the
automotive industry has proven to be extremely resilient.
China, where the first
strain of COVID-19 was discovered, imposed a country-wide lockdown, requiring
several industry players to adhere to government protocols. The EU is among the
world's biggest producers of motor vehicles, and the sector represents the most
significant private investor in research and development (R&D). The
COVID-19 crisis has had an unprecedented effect on Europe's automotive
industry. During the first half of 2020, the sector suffered 3.6 million
vehicle production losses across the EU, totaling more than USD 100 billion.
Global
Graphene Market: By Type
Based on type, the global graphene market is grouped into powder, dispersion, and others. In 2020, the powder segment accounted for the largest share in the graphene market. Powders are widely used in the electronic and electric industries for manufacturing sensors, semiconductors, and superconductors. Furthermore, the powder form of graphene is easy to handle and is manufactured more cost-effectively than the other types of graphene present. These are the key factors driving the growth of the powder segment in the global graphene market.
Source: BlueWeave Consulting
Global
Graphene Market: By Application
Based on application, the
global graphene market is grouped into electrical & electronics,
composites, energy, biomedical, and others. In 2020, the electrical &
electronics segment accounted for the largest share in the graphene market. The
significant use of graphene in the production of sensors, semiconductors, and
superconductors drives the market growth of this segment. These sensors are
further used in end-user industries such as aerospace & defense, energy,
automotive, and transportation. The integration of graphene with semiconductors
and further using it in the end-user sector propels the overall market growth.
Global
Graphene Market: Regional Insights
Geographically, the global graphene market is categorized into North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America. The Asia-Pacific accounted for the largest share in the market in 2020 and is likely to dominate during the forecast period as well. China, India, Japan, and South Korea are the top graphene producers, contributing to the lion's share of the regional market. According to World Population Review, China is the world's largest manufacturer of automobiles, batteries, and semiconductors, which contributes to the growth of the global graphene market in this region. North America accounted for the second-largest share in the market owing to the rising expenditure in the healthcare sector.
Source: BlueWeave Consulting
Competitive Landscape
Some of the key players in the global graphene market
include ACS Material LLC, Bluestone Global Tech, CVD Equipment Corporation, Graphene
Nanochem PLC, Graphenea S.A., G6 Materials, Haydale Limited, Nanotek Instruments
Inc., Vorbrck Materials, XG Sciences, and other prominent players. Because
graphene has a high production cost, the key players are heavily investing in
R&D to better optimize graphene production. The growing applications of
graphene, as well as extensive R&D in this field, are creating lucrative
opportunities for the market's key producers.
Recent Developments
·
In July 2020, CVD Equipment announced the collaboration with Dymax
Corporation and Keyence Corporation of America to accelerate the development of
CVDMs membrane oxygenation platform.
·
In February 2020, ACS
Materials launched graphene transmission electron microscopy grids to prevent
particles from slipping through microscopic holes.
Scope of the
Report
Attribute |
Details |
Years Considered |
Historical data – 2017-2020 Base Year – 2020 Forecast – 2021 –
2027 |
Facts Covered |
Revenue in USD Million |
Market Coverage |
U.S, Canada,
Germany, UK, France, Italy, Spain, Brazil, Mexico, Argentina, Japan, South
Korea, Australia, China, India, UAE, South Africa, Saudi Arabia, Turkey |
Product/Service Segmentation |
By type, applications and region |
Key Players |
Key Players for the
market are ACS
Material LLC, Bluestone Global Tech, CVD Equipment Corporation, Graphene
Nanochem PLC, Graphenea S.A., G6 Materials, Haydale Limited, Nanotek
Instruments Inc., Vorbrck Materials, XG Sciences, and other prominent players
|
By Type
Ø Powder
Ø Dispersion
Ø Others
By Application
Ø Electrical & Electronics
Ø Composites
Ø Energy
Ø Biomedical
Ø Others
By
Region
Ø The Asia-Pacific
Ø North America
Ø Europe
Ø The Middle East & Africa
Ø Latin America
FAQs:
1. What is the current size of the global graphene market?
Answer: The global graphene market has reached USD 610.3 million in 2020.
2. What are the major factors driving the growth of the global
graphene market?
Answer: The major factors driving the growth of the global
graphene market are growing usage of graphene in different applications such as
energy storage and increasing demand from the automotive and transportation
industry.
3. Who are the key players in the global graphene market?
Answer: The key players in the global graphene market
are ACS Material LLC, Bluestone Global Tech, CVD Equipment Corporation,
Graphene Nanochem PLC, Graphenea S.A., G6 Materials, Haydale Limited, Nanotek
Instruments Inc., Vorbrck Materials, XG Sciences, and other prominent players.
4. Which type accounted for the larger share in the global
graphene market?
Answer: Based on type, the powder segment
accounted for the larger share in the global graphene market.
5. Which region register the largest share in the global graphene
market?
Answer: The Asia-Pacific caters the largest share in the global graphene market.
1.
Research Framework
1.1.
Research Objective
1.2.
Product Overview
1.3.
Market Segmentation
2.
Research Methodology
2.1.
Qualitative Research
2.1.1. Primary & Secondary Research
2.2.
Quantitative Research
2.3.
Market Breakdown & Data
Triangulation
2.3.1. Secondary Research
2.3.2. Primary Research
2.4.
Breakdown of Primary Research
Respondents, By Region
2.5.
Assumption & Limitation
3.
Executive Summary
4.
Global Graphene Market Insights
4.1.
Industry Value Chain Analysis
4.2.
DROC Analysis
4.2.1. Growth Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3.
Recent Development
4.4.
Government Regulations
4.5.
Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Intensity of Rivalry
5.
Global Graphene
Market Overview
5.1.
Market Size & Forecast by
Value, 2017-2027
5.1.1. By Value (USD Million)
5.2.
Market Share & Forecast
5.2.1. By Type
5.2.1.1. Powder
5.2.1.2. Dispersion
5.2.1.3. Others
5.2.2. By Applications
5.2.2.1. Electrical &
Electronics
5.2.2.2. Composites
5.2.2.3. Energy
5.2.2.4. Biomedical
5.2.2.5. Others
5.2.3. By Region
5.2.3.1. North America
5.2.3.2. Europe
5.2.3.3. Asia Pacific
5.2.3.4. Latin America
5.2.3.5. Middle East and Africa
6.
North America Graphene Market
6.1.
Market Size & Forecast by
Value, 2017-2027
6.1.1. By Value (USD Million)
6.2.
Market Share & Forecast
6.2.1. By Type
6.2.2. By Applications
6.2.3. By Country
6.2.3.1. United States
6.2.3.2. Canada
7.
Europe Graphene Market
7.1.
Market Size & Forecast by
Value, 2017-2027
7.1.1. By Value (USD Million)
7.2.
Market Share & Forecast
7.2.1. By Type
7.2.2. By Applications
7.2.3. By Country
7.2.3.1. Germany
7.2.3.2. United Kingdom
7.2.3.3. Italy
7.2.3.4. France
7.2.3.5. Spain
7.2.3.6. Rest of Europe
8.
Asia Pacific Graphene Market
8.1.
Market Size & Forecast by
Value, 2017-2027
8.1.1. By Value (USD Million)
8.2.
Market Share & Forecast
8.2.1. By Type
8.2.2. By Applications
8.2.3. By Country
8.2.3.1. China
8.2.3.2. India
8.2.3.3. Japan
8.2.3.4. Australia
8.2.3.5. South Korea
8.2.3.6. Rest of Asia Pacific
9.
Latin America Graphene Market
9.1.
Market Size & Forecast by
Value, 2017-2027
9.1.1. By Value (USD Million)
9.2.
Market Share & Forecast
9.2.1. By Type
9.2.2. By Applications
9.2.3. By End-User Industry
9.2.4. By Country
9.2.4.1. Brazil
9.2.4.2. Mexico
9.2.4.3. Argentina
9.2.4.4. Rest of Latin America
10.Middle East & Africa Graphene
Market
10.1. Market Size & Forecast by Value, 2017-2027
10.1.1. By Value (USD Million)
10.2. Market Share & Forecast
10.2.1. By Type
10.2.2. By Applications
10.2.3. By Country
10.2.3.1. Saudi Arabia
10.2.3.2. Turkey
10.2.3.3. UAE
10.2.3.4. South Africa
10.2.3.5. Rest of Middle East & Africa
11.Competitive Landscape
11.1.
List of
Key Players and Their Offerings
11.2.
Market Share
Analysis, 2020
11.3.
Competitive
Benchmarking, By Operating Parameters
12.Impact of COVID-19 on Graphene
Market Industry
13.Company Profile (Company
Overview, Financial Matrix, Competitive landscape, Key Personnel, Key
Competitors, Contact Address, and Strategic Outlook) **
13.1.
ACS Material LLC
13.2.
Bluestone Global Tech
13.3.
CVD Equipment Corporation
13.4.
Graphene Nanochem PLC
13.5.
Graphenea S.A.
13.6.
G6 Materials
13.7.
Haydale Limited
13.8.
Nanotek Instruments Inc.
13.9.
Vorbrck Materials
13.10. XG Sciences
13.11. Other Prominent Players
14.Key Strategic Recommendations
Market Segmentation
By Type
Ø Powder
Ø Dispersion
Ø Others
By Application
Ø Electrical & Electronics
Ø Composites
Ø Energy
Ø Biomedical
Ø Others
By
Region
Ø The Asia-Pacific
Ø North America
Ø Europe
Ø The Middle East & Africa
Ø Latin America
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