The burgeoning automotive and telecom industry have spurred a remarkable demand for graphene, citing its unique properties. Graphene was developed in 2004 and is known for being light in weight, strong, excellent conductor or both heat and electricity. Its increasing usage in various end-user industries is likely to propel the market in the coming years. Transparency Market Research states that the opportunity in the global graphene market was worth US$12.2 mn in 2014 and is expected to reach US$159.2 mn by 2023, expanding at a robust CAGR of 33.5% between 2015 and 2023.
North America Leads Thanks to Manufacturing Expertise of U.S.
North America is the key region in the global graphene market. As of 2014, North America held a 40.2% share in the global market. By the end of 2023, this share is expected to reach 42.1%. The key product segment in North America is graphene oxide followed by graphene nanoplatelets.
The aerospace and defense segment is also expected to make a significant contribution in the near future. The manufacturing expertise of this region along with the availability of raw materials is expected to boost the graphene market in North America. Europe will also follow the lead as the region is seen to be making significant investments to develop the wonder material.
Electronics Segment Stands as the Leading User of Graphene
The electronics segment is leading the global graphene market. As of 2014 this segment held a leading share of 32.5% in the overall market, which is expected to reach 34.7% by the end of 2023. As electronic companies are investing in materializing potential benefits graphene into actual ones, this segment does offer graphene market several chances to grow. For instance, several phone making companies are using graphene to manufacture memory chips as this material expands the capacity of the storage capacity of the phones. Graphene is also being used to make touchscreens are the material is exceptionally light and flexible, thus resulting in an excellent alternative for silicon.
Investments Play a Crucial Role in Shaping the Overall Graphene Market
The global graphene market will also grow with the increasing investments in research and developments in the coming years. Several governments are making hefty investments in developing graphene for using in a wide range of end-user industries. For instance, European Commission declared an investment of US$1.3 bn for research and development of graphene in 2013. This budget will be spent over a span of 10 years for devising cost-effective technologies to produce graphene. The chances of smartphone makers using graphene to manufacture memory chips to increase the storage capacity are also going to augment the demand for this material during the forecast period.
The key participants in the global graphene market are Nano Material Tech, Graphenea S.A., Applied Graphene Materials plc, ACS Material LLC, Nanjing XFNANO Materials Tech Co., Ltd., Advanced Graphene Products, Applied Nanotech Inc., Haydale Ltd., Graphene Frontiers, and Grafoid Inc. The market is currently fragmented due to the presence of a large number of players in the market. However, the competition is tough as the majority of them is trying to win bigger market shares through mergers and acquisitions and increasing their product portfolios. New entrants also have a chance to creating indelible impressions as the market is still a budding one.
This report analyzes and forecasts the market for graphene at the global and regional level. The market has been forecast based on revenue (US$ Mn) from 2015 to 2023. The study includes drivers and restraints of the global graphene market. It also covers the impact of these drivers and restraints on demand for graphene during the forecast period. The report also highlights the opportunities available in the graphene market at the global and regional level.
The report includes detailed value chain analysis, which provides a comprehensive view of the global graphene market. Porter’s Five Forces model for the graphene market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global graphene market by segmenting it in terms of end-users. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for graphene in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual end-user segments in all the regions.
The study includes profiles of major companies operating in the global graphene market. Key players profiled in the report include Graphenea S.A., Applied Graphene Materials plc, XG Sciences, Inc., ACS Materials LLC, Applied Nanotech, Inc., Haydale Limited, Grafoid Inc., Advanced Graphene Products Sp. z o.o., Nanjing XFNANO Materials Tech Co., Ltd (XFNANO) and Graphene Frontiers LLC. Players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
The report provides the estimated market size of graphene for 2015 and forecast for the next eight years. The global market size of graphene has been provided in terms of revenue. Market revenue has been defined in kilo tons, while market revenue is in US$ Mn. Market numbers are estimated based on key end-user segments of graphene. Market size and forecast for each of the major product and end-user segment have been provided in terms of global and regional markets.
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, Plastemart magazine, TPE magazine, internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoovers, oneSOURCE, Factiva, and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
The report segments the global graphene market as follows:
Graphene Market - Product Analysis
- Graphene Oxide
- Graphene Nanoplatelets
- Mono-layer & Bi-layer graphene
- Others (Including Graphene Multilayer, etc.)
Graphene Market - End-user Segment Analysis
- Aerospace & Defense
- Health care
- Others (Including Paints and coatings, etc.)
Graphene Market - Regional Analysis
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA