The Global Graphene Market has been estimated at USD XX.XX million in 2016 and is projected to reach USD XX.XX million by 2022, at a CAGR of XX% during the forecast period from 2016 - 2022. Graphene is an allotrope of carbon that has one-atom-thick layer of carbon atoms arranged in a hexagonal lattice. It is the building-block of other allotropes like graphite (used in pencil tips), charcoal, fullerene, and carbon nanotubes. It is one the thinnest and strongest materials on earth.
Graphene, owing to its numerous properties such as highest ratio of edge atoms, conduction of heat & electricity, structural stability, high opacity for atomic monolayer in vacuum etc. is an integral part of various industrial and commercial sectors. In the Graphene market report, we have taken into account its major end-user sectors, such as; Electronics, Biomedical & Healthcare, Paints & coatings, Energy, Defense, 3D printing etc. The electronics segment accounted for more than xx.xx% share of the global market in 2016.
The market is driven by factors like rising number of graphene producers and sharp rise in the use of touch screens, to name a few. However, this market faces certain drawbacks such as high production cost and hurdles in mass production. These factors may act as a roadblock to the Graphene Market growth.
The global graphene market, on the basis of type can be broadly segmented into mono layer & bilayer sheets, few layer graphene (FLG), nanoribbons, platelets, films, graphene oxide flakes and others. On the basis of end-user industry, the market is divided into Electronics, Biomedical & healthcare, paints & coatings, energy, defense, composites, 3D printing, adhesives, aerospace, automotive, catalysts, lubricants, oil & gas, packaging and water filtration industries. These are again sub-divided based on their applications in the particular industries. For example, the electronics industry is sub-categorized based on application into; ultra-small transistors & ICs, dense data storage, touch screens, wearable electronics, conductive inks, opto electronics & photo sensors. Among all the segments, the electronics industry is expected to register the fastest growth in the forecast period with a CAGR of xx.xx % owing to the growing demand for printed electronics.
The market has also been geographically segmented into Asia-Pacific, North America, Europe, South America, and Middle-East and Africa. In terms of consumption in 2015, APAC led the market with a share of XX%. It was followed by Europe and North America. A sharp rise in the use of graphene for bio-medical purposes in Asia-Pacific have made this region an area of immense potential and opportunities.
The market eyes sharp growth due to opportunities such as rising cross-industry collaboration in the technologically advanced countries. The increasing number of patents for graphene are expected to drive the market at an extremely faster pace. Some of the major companies dominating this market for its products and continuous product developments are XG Sciences Inc., Graphoid Inc., Graphene 3D Lab, 2D Carbon Tech Inc. Ltd and Advanced Graphene Products.
Key Deliverables in the Study