The Global Graphene Market- Industry Trends & Forecast Report 2027 - PDF document

Global Graphene Market is thriving — Projected to Reach worth USD 1,834.2 Million by 2027 The Global Graphene Market - Industry Trends & Forecast Report 2027 S ummary 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 A study recently conducted by the strategic consulting and market research f ir m , BlueWeave Consulting, revealed that 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 CA GR 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. In addition, graphene is majorly adopted on multiple applications as graphene is considered the world's most robust material and is used to enhance the mechanical properties of other materials. The aforementioned are the key factors driving the growth for the graphene market g lobally . View report Press release Sample report Global Graphene Market is thriving — Projected to Reach worth USD 1,834.2 Million by 2027 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 impro ve 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 st rongest 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 at oms 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, aerospa ce, 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. Glob al 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 bio medical, 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 opportunitie s 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 Global Graphene Market is thriving — Projected to Reach worth USD 1,834.2 Million by 2027 automotive market owing to the increasing government initiatives and regul atory 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 an d 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 u sed 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 monitor ing 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 vehicl es 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 includ e 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 i n 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 bee n 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, severa l 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 th e 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 significan t 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 is thriving — Projected to Reach worth USD 1,834.2 Million by 2027 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. Global Graphene Market: By Application Based on application, the global graphene market is grouped into electrical & electronics, compo sites, 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 over all 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, C hina 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 exp enditure in the healthcare sector. 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 lucr ative 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. Global Graphene Market is thriving — Projected to Reach worth USD 1,834.2 Million by 2027 Scope of the Report Attribute Details Years Considered Historical data – 2017 - 2020 B ase 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 Inst ruments 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 Global Graphene Market is thriving — Projected to Reach worth USD 1,834.2 Million by 2027 About us Blueweave Consulting offers a one - stop solution for your market intelligence needs for any service or product. You get well - researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well informed and tim ely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk - return trade - off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavours successful. For more information, kindly visit our Website www.blueweaveconsulting.com contact us at info@blueweaveconsulting.com Global Graphene Market is thriving — Projected to Reach worth USD 1,834.2 Million by 2027