Sunday 13 December 2015

Global Graphene Market

The global graphene market is expected to reach USD 278.47 Million by 2020, with a growth rate of 42.8% from 2015 to 2020
Among various applications, the electronics segment dominated the graphene market in 2014 followed by composites and other applications. Other applications of graphene include energy, coatings, sensors, catalysts, and so on. The increasing demand for semi-transparent, flexible, lightweight, and long life span Li-ion batteries and electronic products are the key factors owing the growth of graphene in the electronics market.

Graphene, the world's first 2-D carbon material, also known as the wonder material is ideal for many applications in various end-use industries. Graphene is an efficient conductor, fire resistant, incredibly flexible yet 200 times stronger than steel and an ultra-light material.
North America is the largest growing market for graphene in 2014. The demand of graphene from its various applications such as electronics and polymer composite materials is continuously showing an upward trend. The U.S. is the leading market for graphene in the world. The growth is mainly due to the extensive patent activities adopted by major established players along with various cross-industry collaborations for the development of graphene and its potential applications.
Among the types of graphene, Graphene Oxide (GO) dominated the market in 2014. The low cost, tensile strength, high elasticity, efficient conductivity, transparency, and ease of production make GO a preferred graphene type among major graphene manufacturers and applications. These applications include medical, bio-sensing and disease detection, polymer materials, electrode mateirals in batteries, and nanofiltration membranes, among others.

This study aims to estimate the market size of graphene in 2015, in terms of volume and value, and project its demand by 2020. This market research study provides a detailed qualitative and quantitative analysis of the global graphene market. It also provides a comprehensive review of the major drivers, restraints, opportunities, and challenges in the market.

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