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.
Key Players:
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.
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Growth Drivers:
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.
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.
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.
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