The global graphene
market was valued at USD 23.7
million in the year 2015 and is estimated to grow at a CAGR of 36.7% over the
forecast period. Graphene is extracted from graphite ore and is approximately
100 times stronger than steel. The product can conduct heat and electricity
efficiently.
Growing electronics industry is expected to drive the market in the near
future. Two major graphene-based products, oxide and nano-platelets are
primarily used in electronic devices and goods. Its superior properties such as
high electron mobility and permeability has resulted in making it one of the
most important materials in the energy, composite and electronic sectors. In
2015, nano-platelets dominated the market trailed by oxide. These products are
primarily used in touch screens in mobile phones and numerous other
nanotechnology applications.
Get
Free PDF Sample Copy of the Report (Including Full TOC, List of Tables &
Figures) : https://www.millioninsights.com/industry-reports/graphene-market/request-sample
Key Questions
Answered
·
What are the sales or revenue produced by Graphene
products beyond all sectors during the forecast period?
·
What are the key trends in the Graphene
market?
·
What are the leading drivers, limitations, and probabilities
in the industry?
·
Which segment will gain the highest revenue worldwide
and which product segment will expand at the fastest CAGR during the forecast
period?
·
In which region the Graphene market to project
lucrative CAGR during the forecast period?
Application Insights
Electronics industry dominated the application segment in the year 2015.
The product is broadly used in this industry owing to its high strength and
conduction property. Graphene is also used in making laptop circuit boards and
personal computers apart from touch screens for mobile phones and tablets. It
can also be used as a semiconductor on account of its low thickness. The
growing demand from Asia Pacific region is driving the electronics industry.
Although, increasing markets for tablets, smart phones, HD TVs are further
presumed to fuel the global electronics industry.
In terms of revenue, composite was estimated as the second largest
application accounting for 36% in 2016. These composites have the ability to
enhance the conductivity and strength of bulk materials. Composites have
applications in numerous industries which consist of engineering materials,
aerospace and medical implants. The product is also used widely in applications
in sports including F1 racing and lawn tennis.
Regional Insights
In terms of global market share, North America possessed the largest
share of 33.6% in 2015. The region is anticipated to experience a growth in
electronics and automobiles industries, which would in turn thrust the demand.
Moreover, growing energy sector in the region is projected to provide the
necessary momentum to the industry in the upcoming years.
APAC is expected to be the fastest-growing region in the near future.
The market in this region is projected to grow on account of growth in the
electronics industries in developing countries such as India, China, South
Korea and Japan.
The growth of the market is expected to be driven by the growing
aerospace, defense and automobile industries in this region over the next eight
years. The European region which accounted for over 28% of the market in the
year 2015, is expected to be the second fastest growing region, with a CAGR of
36.9% over the forecast period.
Competitive Insights
The graphene market is highly consolidated with the presence of a few
number of producers fragmented throughout the world. Graphene SA, XG Sciences
Inc., Thomas Swan & Co., are some of the key participants in this industry.
The major players in this industry are Directa Plus, Graphene
Laboratories Inc., Haydale Graphene Industries PLC., 2D Carbon Tech Inc.,
Xiamen Knano Graphene Technology Corp. Ltd., Nanoxplore Inc., Graphene Nanochem
PLC. Haydale and Graphene Laboratories Inc. in April 2014 announced that the
HDPI, a series of superior performance materials would be offered by ‘The
Graphene Supermarket’, one of the leading producers in the U.S.
Know More Insights
@ https://newsonmarketblog.wordpress.com
No comments:
Post a Comment