Graphene is a two-dimensional layer of carbon atoms. It is arranged in the form of a honeycomb lattice. Graphene has attracted significant attention in the coatings industry due to its unique electronic, optical, and mechanical properties. Graphene nanocoatings play an important role in the development of new and advanced protective coatings due to their chemical resistance, gas impermeability, adsorption capacity, anti-bacterial properties, mechanical strength, lubricity, and thermal stability. Graphene nanocoatings are hydrophobic, conductive, and chemically resistant; hence, the usage of these nanocoatings is expected to increase significantly in the near future. Hydrophobic graphene nanocoatings are used in ship hulls, glass surfaces, and textiles. Graphene nanocoatings can act as protective coatings with advanced properties. Besides these applications, graphene nanocoatings are used in more efficient and flexible solar cells, nanoelectronic devices, supercapacitors, high sensitivity gas sensors, molecular separators, and medical implants.
Rise in demand for anticorrosion coatings is fuelling the expansion of the global graphene nanocoatings market. Graphene nanocoatings provide alternative path for electrons to travel and retard the overall corrosion process. Graphene can be used as a component in various industrial additives. Increase in demand for additives in the paints & coatings industry is propelling the graphene nanocoatings market. Rise in demand for protective coatings in the marine sector is another key factor driving the graphene market. Demand for protective coatings in the aerospace industry is also on the rise. This is anticipated to boost the graphene nanocoatings market. However, the limitation in scaling up and high costs are projected to restrain the market. Manufacturers have launched graphene based series of paints & coatings. These are strong and also act as protective layers against environmental damage. Similarly, demand for graphene nanocoatings in the automotive industry is also increasing due to the rise in demand for more durable structural components. Graphene nanocoatings can also be used for coating medical implants. Thus, increase in demand for advanced coatings in various sectors is augmenting the graphene nanocoatings market.
Based on type, the graphene nanocoatings market can be classified into hydrophobic, conductive, and others. Hydrophobic graphene nanocoatings are used where water-repellant surfaces are required such as ship hulls, glass surfaces, and textiles. Conductive graphene coatings are employed in cellphones, tablets, and computers. The others segment includes protective graphene nanocoatings. In terms of application, the graphene nanocoatings market can be divided into automotive, aerospace, marine, electronics, textiles, medical, and industrial paints and coatings.
The global graphene nanocoatings market witnessed moderate expansion in 2016. This trend is estimated to continue during the forecast period. North America accounted for significant share of the graphene nanocoatings market due to the availability of raw material processing and technological advancements in the region. The aerospace industry in North America is anticipated to expand due to the fleet expansion activities. Demand for highly fuel efficient vehicles and strong protective coatings is increasing in the region. Similarly, the graphene nanocoatings market is expanding in Europe. Germany and France are considered the key countries in Europe. Rise in demand for graphene nanocoatings in various industrial applications is boosting the graphene nanocoatings market in Europe. Asia Pacific is also considered a prominent region of the graphene nanocoatings market due to the presence of strong demand from China and India. Changes in lifestyle, the nature of emerging economy are the key factors fuelling the graphene nanocoatings market in Asia Pacific. In terms of demand, Brazil accounts for the major share of the graphene nanocoatings market in Latin America owing to the recent industrial progress made in the country. Middle East & Africa is considered a global connectivity hub. Thus, the graphene nanocoatings market in the region is likely to expand in the near future.
Key players operating in the global graphene nanocoatings include Graphenano, The British Electro Conductive Products, and Siansonic Technology Co., Ltd.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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