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.
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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.
Product Insights
Nanoplatelets was the largest segment of all products and
accounted for over 50% in the year 2015. Nanoplatelets are small stacks of
graphene, with thickness varying from 1 to 15 nanometers. By adding small
proportions of nanoplatelets, polymers such as plastic or rubber can be made
conductive. These platelets can be used as electrical and thermal conductors in
numerous applications owing to the high barrier and mechanical properties
including stiffness and surface hardness
The product is sold in powdered form or as a coating on a
substrate. This coating can make the substrate conductive, which makes the
product a vital material for manufacturing transparent conductive films.
Moreover, the product can also be utilized in medical applications and disease
detection.
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.
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.
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Market Segment:
Product Outlook
(Volume, Tons; Revenue, USD Million, 2014 - 2025)
• Graphene
Nanoplatelets
• Graphene
Oxide
• Others
Application Outlook
(Volume, Tons; Revenue, USD Million, 2014 - 2025)
• Electronics
• Composites
• Energy
• Others
Regional Outlook
(Volume, Tons; Revenue, USD Million, 2014 - 2025)
• North
America
• U.S.
• Europe
•
Spain
• UK
• Asia Pacific
•
China
•
India
• Latin
America
•
Brazil
• MEA
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