Increased research and development will drive the global graphene market
In the past few years graphene has been used extensively in a number of products and applications like racquets, contact lenses, antennas and water filters. Experts say that graphene has the potential to revolutionize small as well as large scale industries. It can be used in creating flexible phones, synthetic blood, gas sensors and even self-powered oil. Research indicates that the market is expected to record a CAGR of 44 % from 2014 to 2020. It is also expected to rake in revenues worth USD 149.1 million.
This report: Global Graphene Market (Product Type, Application, Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013 – 2020 provides a detailed analysis of the market and focuses on the major players, recent developments and key drivers of the global graphene market. It also assesses the key opportunities and essential trends in the market and outlines the factors that are present in the market and those which will be driving the growth of industry in the forecast period.
Market overview
Strong research and development efforts and funds are expected to drive the global graphene market. The market is also growing as a result of its application in various industrial and consumer sectors. The composite sector is expected to account more than half the total market share of graphene for the next five years. Major trends that are prevailing in this market are consolidation in the industry and intellectual property rights.
Key drivers & challenges
The key factors driving growth in the global graphene market are increase in the number of manufacturers who are utilizing graphene in their products. Increased R&D is also one of the reasons for growth. On the other hand high cost, unsuitable properties and absence of band gap is affecting the market strongly.
Key regions & players
North America is expected to be the largest market till 2020, while Asia Pacific is projected to be the fastest growing region recording a CAGR of 42.9%. This is mainly due to high growth in the electronics sector which is one of the main consumers of graphene.
The key players in the industry include CVD Equipment Corporation, Graphene Nanochem PLC, Vorbrck Materials, XG Sciences, Haydale Limited, Graphenea, Graphene Laboratories, Bluestone Global Tech, Angstron Material, Inc. and ACS Material LLC.
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