Graphenea S.A., Applied Graphene Materials plc,
and XG Sciences, Inc., held a leading share of 26.7% in the global
graphene market in 2014, states Transparency Market Research in a new
report. The market is fragmented with the presence of a large number
of players defining its vendor landscape. Companies are investing
significantly in research and development of graphene. Keeping in
line with this trend, Graphenea S.A. recently invested in a plant in
CIC nanoGUNE nanotechnology research center in San Sebastian to boost
its technological capacity.
“Companies are likely to opt for mergers and
acquisitions to alter their market shares, increase their brand
presence, and add to their product portfolios” says a lead analyst
at TMR. Since graphene is a fairly new product, with its discovery
dating back to 2004, manufacturers have a huge scope of entering the
business to make lucrative business in the near future.
This 133 page report gives readers a
comprehensive overview of the Graphene market.Browse Market Research
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Telecom and Automotive Industries Empower
Graphene Growth
“Though the discovery of graphene is just about
10 years old, its usage has been phenomenal. Known for its
characteristics such as being light-weight and strong, graphene is
considered to tougher than a diamond as well,” says TMR analyst.
These properties have made graphene popular among electronics
companies that are using it for manufacturing smartphones. The demand
for this wonder material is also expected to pick up as electronics,
automotive, telecom, and aerospace and defense industries flourish.
Increasing investments in research and development
of graphene are also likely to boost the market in the near future.
For instance, the European Commission announced a whopping investment
of US$1.3 bn in research and development of graphene that will be
used for the next 10 years. Furthermore usage of graphene in
manufacturing various automotive parts to make vehicles lighter and
fuel-efficient is also likely to augment this market.
High Research and Development Costs Act as
Major Barriers
The biggest restraint in the global graphene
market is the high cost of manufacturing. To begin with, development
of graphene requires extensive research and development and vendors
are still trying to devise cost-efficient technologies. Thus, the
related and the actual cost of manufacturing is restraining the
growth of this market. This factor is also dissuading end-user
industries from using graphene to make their products as it raises
the eventual output cost. As of 2015, the market price of graphene
stood at US$100 per gram, which is an exorbitant cost to bear for
manufacturers.
The increasingly wide usage, application, and
adoption of graphene showing this market a new ray of hope. Known to
have excellent thermal conductivity, low optical absorption, and high
electron mobility, graphene is being considered an important material
for manufacturing electrical components that make low noise and have
high power bandwidth.
Get accurate market forecast and analysis on
the Graphene market. Request a sample to stay abreast on the key
trends impacting this market@
The research report states that the opportunity in
the graphene market is likely to be worth US$159.2 mn by 2023 as
compared to US$12.2 mn in 2014. During the forecast period of
2015-2023, the global graphene market is anticipated to surge at a
CAGR of 33.5%. The leading region in this market will be North
America, which held a share of 40.2% in 2014. Furthermore, the key
end-user contributor in the global graphene market will be the
electronics segment that will grab a share of 34.7% by the end of the
forecast period.
The review of the global graphene market is based
on the inferences published in the research report, titled “Graphene
Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2015 - 2023,” by Transparency Market Research.
Key Takeaways:
- Worth of global graphene market to grow over 10x between 2014 and 2023.
- Graphene demand gains momentum as automotive and telecom industries realize its unique properties.
- Electronics segment to hold a leading share of 34.7% in the market by the end of 2023.
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
- Electronics
- Aerospace & Defense
- Energy
- Automotive
- Health care
- Others (Including Paints and coatings, etc.)
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Us
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