Graphene Market Size, 2020 Industry Share and Global Demand | 2027 Forecast by Fortune Business Insights™
Graphene Market size is expected togain momentum by reaching USD 2,864.1 million by 2027 while exhibiting anastounding CAGR of 39% between 2020 and 2027. This is attributable to theincreasing demand for sustainability solutions and the rising aviation sectorsacross the globe.
Fortune Business Insights, in itslatest report, titled, “Graphene Market Size, Share & COVID-19 ImpactAnalysis, By Product (Graphene Oxide (GO), Graphene Nanoplatelets (GNP),Others), By End-Use (Electronics, Aerospace & Defense, Automotive, Energy,Others), and Geography Forecast, 2020-2027.” The report furthermentions that the market stood at USD 225.1 million in 2019 and is projected torise in the forthcoming years.
Increasing Adoption of GrapheneProducts amid COVID-19 to Favor Growth
The novel coronavirus has led todisruptions amongst several global economies owing to a complete halt inoperations and activities to contain the spread of the disease. There has beena spike in the demand for antibody-conjugated graphene sheets that accuratelydetect the virus and are adopted for population screening. Owing to multiplebenefits provided by the product, it is being extensively adopted acrossseveral industrial applications that are expected to contribute to the growthof the market.
Graphene is primarily a single layer ofcarbon atoms that are tightly bound in a hexagonal honeycomb mesh. They arewidely adopted in several industrial applications such as automotive, energy& power, and aerospace. They further posses several attributes such aslight-weight, high tensile strength, and good conductor of heat. Additionally,they provide sustainable solutions to an array of applications that propelstheir demand across several industries globally.
What does the Report Include?
The market report includes quantitativeand qualitative analysis of several factors such as the key drivers andrestraints that will affect market growth. In addition to this, the reportprovides insights into the regional analysis and discusses the performance ofthe market in major regions across the globe. It includes the competitivelandscape that involves leading companies and the strategies adopted by thesecompanies which have resulted in the introduction of several new products aswell as major company collaborations. The research analyst has adopted severalresearch methodologies such as PESTEL and SWOT analysis to extract informationabout the current trends and industry developments that will drive the marketgrowth in the forthcoming years.
DRIVING FACTORS
Rising Aviation Sector to PromoteGrowth
The increasing global population andhigh disposable income are expected to propel the demand for air travel. Theincreasing air leisure activities are surging the demand for travel throughprivate jets, planes, and helicopters. Owing to its ability to improve thecomposites and coatings adopted in planes, spaceships, and drone manufacturing,graphene is revolutionizing the aerospace industry. Additionally, the growingconcerns on reducing carbon emissions are propelling the aircraft manufacturersto adopt graphite products largely. For instance, the government in the U.K hasdeveloped a long term Aviation 2020 strategy that aims to achieve a secure, safe,and sustainable aviation sector. Therefore, the increasing focus to providesustainable solutions in the rising aviation sector will favor the growth ofthe global market during the forecast period.
SEGMENTATION
Aerospace & Defense Segment Held aMarket Share of 22.87% Backed by Increasing Focus on Fuel Efficiency inAircraft
The aerospace & defense segment,based on end-use, held a market share of 22.87% in 2019 and is expected toshowcase a significant growth owing to the increasing adoption of the productto reduce carbon emissions and improve fuel efficiency in aircraft.
REGIONAL INSIGHTS
Europe to Remain at the Forefront;Increasing Demand for Electric Vehicles to Aid Growth
Among all the regions, the market inEurope is expected to remain dominant and hold the highest position in theglobal market during the forecast period. This dominance is attributable to theincreasing demand for electric vehicles owing to stringent environmentalregulations in the region. North America stood at USD 63.2 million in 2019 andis expected to experience an exponential growth in the forthcoming years. Thisis ascribable to factors such as the presence of several small and medium scalemanufacturers in countries such as the U.S. between 2020 and 2027.
COMPETITIVE LANDSCAPE
Collaboration between Major Companiesto Consolidate Their Market Positions
The market is highly fragmented by thepresence of major companies such as XG Sciences, Grolltex, Inc, Graphenea, Inc,and AMO GmbH, among others. These companies are collaborating with each otherto improve the quality of products and strengthen their position to gain acompetitive edge in the global marketplace. Other key players are adoptingstrategies such as partnership, the introduction of a new product, and merger andacquisition that is anticipated to favor the global graphene market growth inthe forthcoming years.
List of the Leading Companies Operatingin the Graphene Market are:
- XG Sciences (U.S.)
- Graphenea, Inc. (U.S.)
- ACS Material, LLC (U.S.)
- CVD Equipment Corporation (U.S.)
- Global Graphene Group (U.S.)
- AMO GmbH (Germany)
- Applied Graphene Materials plc (UK)
- Graphene One (U.S.)
- Grolltex Inc. (U.S.)
- DIRECTA PLUS S.p.A. (Italy)
- CHINA CARBON GRAPHITE INC (China)
- NanoXplore Inc. (Canada)
- Thomas Swan & Co. Ltd. (UK)
- Other Key Players
Industry Development:
- January 2020: The Graphene Flagship announced its collaboration with other leading industries in Europe to commercialize graphene-enabled products. The collaboration is expected to include EURO 92 million co-funded by the companies that is aimed at promoting the products across several industrial applications such as automotive, energy, and aerospace.
Browse Detailed Research Insights withTable of Content:
https://www.fortunebusinessinsights.com/graphene-market-102930
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Emerging Trends
- Key Insights
- Key Emerging Trends – For Major Countries
- Industry SWOT Analysis
- Regulatory Analysis
- Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- Global Graphene Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Product (Value)
- Graphene Oxide
- Graphene Nanoplatelets (GNP)
- Others
- By End-Use (Value)
- Electronics
- Aerospace & Defense
- Energy
- Automotive
- Others
- By Region (Value)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
About Us:
Fortune Business Insights™ offersexpert corporate analysis and accurate data, helping organizations of all sizesmake timely decisions. We tailor innovative solutions for our clients,assisting them address challenges distinct to their businesses. Our goal is toempower our clients with holistic market intelligence, giving a granularoverview of the market they are operating in.
Our reports contain a unique mix oftangible insights and qualitative analysis to help companies achievesustainable growth. Our team of experienced analysts and consultants useindustry-leading research tools and techniques to compile comprehensive marketstudies, interspersed with relevant data.
At Fortune Business Insights™, we aimat highlighting the most lucrative growth opportunities for our clients. Wetherefore offer recommendations, making it easier for them to navigate throughtechnological and market-related changes. Our consulting services are designedto help organizations identify hidden opportunities and understand prevailingcompetitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Email: sales@fortunebusinessinsights.com
FortuneBusiness Insights™
LinkedIn | Twitter | Blogs
Read Press Release:
https://www.fortunebusinessinsights.com/press-release/global-graphene-market-10190
Graphene Market size is expected togain momentum by reaching USD 2,864.1 million by 2027 while exhibiting anastounding CAGR of 39% between 2020 and 2027. This is attributable to theincreasing demand for sustainability solutions and the rising aviation sectorsacross the globe.
Fortune Business Insights, in itslatest report, titled, “Graphene Market Size, Share & COVID-19 ImpactAnalysis, By Product (Graphene Oxide (GO), Graphene Nanoplatelets (GNP),Others), By End-Use (Electronics, Aerospace & Defense, Automotive, Energy,Others), and Geography Forecast, 2020-2027.” The report furthermentions that the market stood at USD 225.1 million in 2019 and is projected torise in the forthcoming years.
Increasing Adoption of GrapheneProducts amid COVID-19 to Favor Growth
The novel coronavirus has led todisruptions amongst several global economies owing to a complete halt inoperations and activities to contain the spread of the disease. There has beena spike in the demand for antibody-conjugated graphene sheets that accuratelydetect the virus and are adopted for population screening. Owing to multiplebenefits provided by the product, it is being extensively adopted acrossseveral industrial applications that are expected to contribute to the growthof the market.
Graphene is primarily a single layer ofcarbon atoms that are tightly bound in a hexagonal honeycomb mesh. They arewidely adopted in several industrial applications such as automotive, energy& power, and aerospace. They further posses several attributes such aslight-weight, high tensile strength, and good conductor of heat. Additionally,they provide sustainable solutions to an array of applications that propelstheir demand across several industries globally.
What does the Report Include?
The market report includes quantitativeand qualitative analysis of several factors such as the key drivers andrestraints that will affect market growth. In addition to this, the reportprovides insights into the regional analysis and discusses the performance ofthe market in major regions across the globe. It includes the competitivelandscape that involves leading companies and the strategies adopted by thesecompanies which have resulted in the introduction of several new products aswell as major company collaborations. The research analyst has adopted severalresearch methodologies such as PESTEL and SWOT analysis to extract informationabout the current trends and industry developments that will drive the marketgrowth in the forthcoming years.
DRIVING FACTORS
Rising Aviation Sector to PromoteGrowth
The increasing global population andhigh disposable income are expected to propel the demand for air travel. Theincreasing air leisure activities are surging the demand for travel throughprivate jets, planes, and helicopters. Owing to its ability to improve thecomposites and coatings adopted in planes, spaceships, and drone manufacturing,graphene is revolutionizing the aerospace industry. Additionally, the growingconcerns on reducing carbon emissions are propelling the aircraft manufacturersto adopt graphite products largely. For instance, the government in the U.K hasdeveloped a long term Aviation 2020 strategy that aims to achieve a secure, safe,and sustainable aviation sector. Therefore, the increasing focus to providesustainable solutions in the rising aviation sector will favor the growth ofthe global market during the forecast period.
SEGMENTATION
Aerospace & Defense Segment Held aMarket Share of 22.87% Backed by Increasing Focus on Fuel Efficiency inAircraft
The aerospace & defense segment,based on end-use, held a market share of 22.87% in 2019 and is expected toshowcase a significant growth owing to the increasing adoption of the productto reduce carbon emissions and improve fuel efficiency in aircraft.
REGIONAL INSIGHTS
Europe to Remain at the Forefront;Increasing Demand for Electric Vehicles to Aid Growth
Among all the regions, the market inEurope is expected to remain dominant and hold the highest position in theglobal market during the forecast period. This dominance is attributable to theincreasing demand for electric vehicles owing to stringent environmentalregulations in the region. North America stood at USD 63.2 million in 2019 andis expected to experience an exponential growth in the forthcoming years. Thisis ascribable to factors such as the presence of several small and medium scalemanufacturers in countries such as the U.S. between 2020 and 2027.
COMPETITIVE LANDSCAPE
Collaboration between Major Companiesto Consolidate Their Market Positions
The market is highly fragmented by thepresence of major companies such as XG Sciences, Grolltex, Inc, Graphenea, Inc,and AMO GmbH, among others. These companies are collaborating with each otherto improve the quality of products and strengthen their position to gain acompetitive edge in the global marketplace. Other key players are adoptingstrategies such as partnership, the introduction of a new product, and merger andacquisition that is anticipated to favor the global graphene market growth inthe forthcoming years.
List of the Leading Companies Operatingin the Graphene Market are:
- XG Sciences (U.S.)
- Graphenea, Inc. (U.S.)
- ACS Material, LLC (U.S.)
- CVD Equipment Corporation (U.S.)
- Global Graphene Group (U.S.)
- AMO GmbH (Germany)
- Applied Graphene Materials plc (UK)
- Graphene One (U.S.)
- Grolltex Inc. (U.S.)
- DIRECTA PLUS S.p.A. (Italy)
- CHINA CARBON GRAPHITE INC (China)
- NanoXplore Inc. (Canada)
- Thomas Swan & Co. Ltd. (UK)
- Other Key Players
Industry Development:
- January 2020: The Graphene Flagship announced its collaboration with other leading industries in Europe to commercialize graphene-enabled products. The collaboration is expected to include EURO 92 million co-funded by the companies that is aimed at promoting the products across several industrial applications such as automotive, energy, and aerospace.
Browse Detailed Research Insights withTable of Content:
https://www.fortunebusinessinsights.com/graphene-market-102930
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Emerging Trends
- Key Insights
- Key Emerging Trends – For Major Countries
- Industry SWOT Analysis
- Regulatory Analysis
- Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- Global Graphene Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Product (Value)
- Graphene Oxide
- Graphene Nanoplatelets (GNP)
- Others
- By End-Use (Value)
- Electronics
- Aerospace & Defense
- Energy
- Automotive
- Others
- By Region (Value)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
About Us:
Fortune Business Insights™ offersexpert corporate analysis and accurate data, helping organizations of all sizesmake timely decisions. We tailor innovative solutions for our clients,assisting them address challenges distinct to their businesses. Our goal is toempower our clients with holistic market intelligence, giving a granularoverview of the market they are operating in.
Our reports contain a unique mix oftangible insights and qualitative analysis to help companies achievesustainable growth. Our team of experienced analysts and consultants useindustry-leading research tools and techniques to compile comprehensive marketstudies, interspersed with relevant data.
At Fortune Business Insights™, we aimat highlighting the most lucrative growth opportunities for our clients. Wetherefore offer recommendations, making it easier for them to navigate throughtechnological and market-related changes. Our consulting services are designedto help organizations identify hidden opportunities and understand prevailingcompetitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Email: sales@fortunebusinessinsights.com
FortuneBusiness Insights™
LinkedIn | Twitter | Blogs
Read Press Release:
https://www.fortunebusinessinsights.com/press-release/global-graphene-market-10190
