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(IT-NEWSWIRE.COM, October 29, 2019 ) Market Overview
• Graphene is the thinnest and grounded material with high thermal and electrical conductivity. Graphene is a solitary, firmly pressed layer of carbon atoms as a hexagonal honeycomb lattice. Graphene has many uncommon properties. It is the strongest material ever tested, conducts heat and electricity efficiently, and is nearly transparent. Thermal transport in graphene is an active area of research which has attracted attention because of the potential for thermal management applications.
• The number of patents on Graphene is continuously increasing from 2013 to 2017 due to the increasing R&D expenditures by the companies especially in Asia-Pacific and The US. The highest number of patents are registered in 2017 with 6225 all over the world. China and the US are the major countries occupied the maximum number of patents in 2017.
Market Dynamics
• Increasing applications of graphene in energy and storage industry and growing R&D activities and large graphite reserves are key drivers for the market growth globally. The emerging trends in portable and wearable electronics promote the design of flexible energy storage systems. Flexible supercapacitors and batteries as promising energy storage devices have attracted tremendous attention. Graphene is the best material for the flexible energy storage systems owing to its properties such as large surface area, good thermal and chemical stability, high conductivity and mechanical flexibility.
• Growing R&D activities and large graphite reserve is the other crucial driver for the growth of the market. The industry is at its promising stage of commercialization. Therefore, more than 75% of the graphene was used for research & development and prototype preparation by research institutes, universities, and research & development, in 2017. Major companies in the world such as Nokia, Samsung, Intel, IBM, and others are making investments on Graphene-based energy storage systems. In 2018, Chinese coke company Baotailong New Materials had completed construction of a $9.6 million graphene production project in the north of the country and had launched trial-stage operations. Thus, the increasing investments and collaborations of major companies will boost the market in the future.
• High capital investment and stringent environmental regulations are hindering market growth worldwide. There are many graphene production companies in the world. But the production of graphene is relatively small, and prices are very high due to the expensive production process. Additionally, High price of equipment and technical limitations for commercial production are the major factors restricting the market growth. Further, Companies are hindered by high costs and first-stage technology for producing graphene in mass quantity.
Market Segmentation
• Based on type, the global market for Graphene is broadly segmented as monolayer graphene, few-layer graphene, multi-layer graphene, graphene nanoplatelets (gnp) and others. Graphene Nano Platelets (GNP) market was valued at $25.85 million in 2018 and is expected to reach US$ XX million by 2026 with a CAGR of 31.71% during the forecast period 2018 to 2026. The mass production of graphene nanoplatelets (GNPs) is possible through the exfoliation of flake graphite in the tricomponent system made by the combination of ammonium persulfate, concentrated sulfuric acid, and fuming sulfuric acid. Graphene Nanoplatelets consist of small stacks of graphene that can replace other compounds in many composite applications. The material can also be used as catalyst support for oxygen reduction reaction in proton exchange membrane fuel cell after chemical doping with nitrogen. In March 2018, Gratomic Inc. and Perpetuus Carbon Technologies Ltd. announced the formation of a joint venture for the purpose of completing a study that would determine the optimum method to produce graphene nanoplatelets from mined graphite provided by Gratomic Inc.
• On the basis of application, it is categorized into electronics, energy & storage, bio-medical, composites and others. Global Graphene market for Electronic applications was valued at $12.72 million in 2018 and is expected to reach US$ XX million by 2026 with a CAGR of 31.41% during the forecast period 2018 to 2026. Graphene is widely used in the electronics industry for various applications including field-effect transistors, wearable devices, transparent conductive films, biosensors, and electrochemical sensors. Graphene has several useful properties that include high mechanical strength, very high electron mobility, and superior thermal conductivity. Graphene has high mechanical and electrical stability under high-bending deformation. Thus, it is suitable for flexible hybrid structures, such as field emission devices, pressure sensors, biochemical sensors, and battery electrodes.
Geographical Share
• The global Graphene market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
• Among all regions, Asia-Pacific holds the largest market share followed by North America with 40% and 26% of the total market respectively. The Asia-Pacific Graphene market value was $15.94 million in 2018 and is expected to reach $ XX million by 2026 with a CAGR of XX% during the forecast period 2018 to 2026. Asia-Pacific is expected to be the fastest-growing segment during the forecast period, 2018-2025. The driving factors of the Asia-Pacific market include the presence of large graphite mines in China, ongoing research on graphene in India, China, Japan, Korea, & Taiwan, and huge scope in electronics applications in this region. China is the dominant market accounting for 58% of total APAC market in 2018 increasing number graphene companies started their commercial shipments. Japan, South Korea, and Taiwan are leading producers of graphene apart from China. The market in these countries is driven by increased demand for graphene in applications such as capacitors and batteries.
• The North America Graphene market value was $XX million in 2018 and is expected to reach US$ XX million by 2026 with a CAGR of XX% during the forecast period 2018 to 2026. North America is dominating the global graphene market during the forecast period due to the growing usage of graphene in touch screens and the requirement in the printed electronics industry. In North America, the US has witnessed a constant increase in the use of graphene over recent years due to the significant growth of the electronics market. Graphene is the largest market in the USt, in terms of size and is expected to remain as the leading market during the forecast period, because of advanced technology and R&D, with increasing demand from the consumer end.
Competitive Analysis
• Some of the crucial market players in the market are CVD Equipment Corporation, Haydale Graphene Industries PLC, Graphene NanoChem PLC, First Graphene, Group NanoXplore, Graphene Laboratories Inc., Graphene Nanochem, XG Sciences, Versarien, and Elcora Advanced Materials.
• The global Graphene market is competitive with the presence of various small and large players in the market. Multinational companies are dominating the global graphene market in recent years.
• In 2018, Chinese coke company Baotailong New Materials had completed construction of a $9.6 million graphene production project in the north of the country and has launched trial-stage operations.
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Source: EmailWire.Com 
Source: EmailWire.com
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