The global graphene market is expected to grow at a faster pace during 2017-2022 (the forecast period). The industrial growth in the developing countries is one of the major factors driving the global graphene market growth. The demand for graphene is expected to grow significantly, due to its growing usage in touch screens and the requirement in printed electronics.
Graphene is a 2D material available in a thin layer of condensely packed carbon atoms bonded in a hexagonal honeycomb lattice. Graphene is manufactured from graphite through various processes, such as, epitaxial growth, chemical vapour deposition (CVD), and exfoliation. Its properties of being flexible, nontoxic, fire resistant, pressure resistant have increased its demand for various applications, globally. However, high production costs and the problems faced during mass production are anticipated to hinder the market growth.
The graphene market has been segmented on the basis of product type and end-user industry. In 2016, the electronics industry accounted for the highest market share among the end-user industry.
In 2016, graphene oxide dominated the global graphene market (by product type). By region, North America is expected to dominate the market in the future. The growth can be attributed to the growing manufacturing industries, rising demand for graphene-based composite and coating material, and increasing collaborations between research institutes/universities and companies.
AREAS WITH SCOPE FOR GLOBAL GRAPHENE MARKET
The printed electronics market is growing at a fast pace, globally. Printed electronics can be used to produce thin-film photovoltaic cells. Such cells are important for solar energy applications. With the growing demand for energy and the depletion of traditional energy sources, solar energy is expected to be the biggest contributor for the global energy requirement in the near future. This factor is expected to boost the printed electronics market during 2017-2022 (the forecast period).
Source: Mordor Intelligence Analysis
Increasing investments for R&D activities have fueled the application base of graphene. This factor is expected to serve as a major opportunity for the market.
NOTABLE DEVELOPMENTS IN THE MARKET
Why Purchase the Global Graphene Market Report?