The graphene market is projected to grow significantly, driven by demand in electronics and composites. Asia-Pacific leads in market share.
Graphene market was exceeded $87.5 million in 2019, and is expected to surpass $876.8 million by 2027, witnessing a CAGR% of 40.2% from 2020 to 2027. The report provides a detailed analysis of changing market dynamics, top investment pockets, key segments, competitive landscape, value chain, and regional scenario.
Surge in manufacturers of graphene, rise in demand for electronics applications, and utilization of composites & coatings drive the growth of the global graphene market. However, fatal effects on environment restrain the market growth. On the other hand, increase in R&D activities across the globe and large-scale production using renewable sources offer opportunities in the next few years.
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Based on region, Asia-Pacific contributed to the highest market share in 2019, accounting for nearly two-fifths of the global market, and is estimated to maintain its dominance in terms of revenue by 2027. Moreover, this segment is projected to portray the fastest CAGR of 40.9% during the forecast period. The report also analyzes regions including North America, Europe, and LAMEA.
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The report offers detailed segmentation of the global graphene market based on type, application, and region.
By type, the graphene nano platelets segment accounted for more than three-fifths of the total market share in 2019, and is projected to maintain its lead position during the forecast period. However, the mono-layer & bi-layer graphene segment is expected to grow at the fastest CAGR of 42.0% from 2020 to 2027.
By application, the energy storage segment held the highest share in 2019, accounting for nearly one-third of the global grapheme market, and is projected to maintain its leadership status throughout the forecast period. However, the composites segment is expected to witness the highest CAGR of 41.2% from 2020 to 2027.
Leading players of the global graphene market analyzed in the research include ACS Material LLC, CVD Equipment Corporation, Bluestone Global Tech, Graphenea S.A., Graphene Nanochem PLC, Haydale Limited, G6 Materials, Vorbrck Materials, Nanotek Instruments Inc., and XG Sciences.
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The main topic is the growth of the graphene market driven by demand in electronics and composites applications.
The market is expected to surpass $876.8 million by 2027, with a CAGR of 40.2% from 2020 to 2027.
Asia-Pacific holds the largest market share and is projected to maintain its dominance.
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