Graphene Market (Type - Graphene Oxide (GO), Graphene Nano Platelets (GNP), and Others; Application - Optical Electronics, Biological Engineering, Composite Materials, Photovoltaic Cells, Energy Storage, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2024. The global graphene market is projected to grow at a CAGR of 38.5% over the forecast period of 2018-2024.

Pune, India -- (SBWire) -- 03/25/2019 --The Graphene Market's segment market shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates. Each segment represented visually with supporting reasons to justify the growth rates. IGR's report also covers drivers and restraints in the graphene market.

Infinium Global Research's report covers the annual growth of the Global graphene market. It also includes chapters on the Global graphene industry trends, geographic analysis, and competitive landscape.

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The report also includes a SWOT analysis to present the indicators of strength, weakness, prospects, and risk of the market until the completion of the projection period in 2024.

Graphene Market: Industry Insight

Graphene is a single layer of graphite that has a two-dimensional crystalline structure. Graphene is the one of the strongest, thinnest and the lightest compound ever known. Graphene is an extremely diverse material. It can integrate with the different gases and the metals to forms the materials with the various superior properties. The global Graphene market was sized near USD 41.3 million and 536.3 tons, in terms of value and volume respectively, in 2017.

Graphene Market: Market Insight

At present, the graphene is majorly consuming for composite material applications. It is added to the different polymers and other materials to enhance their tensile strength, elasticity, conductivity, and other properties. Additionally, graphene is vastly used in the formation of a touch screen, LEDs, OLEDs, and many optoelectronic devices. Thus, the growing use of graphene in the formation of composite material and optical electronic devices are driving the growth of the graphene market worldwide.

The benefits offered by the graphene and high adoption of graphene across several industry verticals are contributing to the growth of the graphene market. On the other hand, the high production cost is one of the crucial factors that restraining the growth of the graphene market. Moreover, the growing research and development activities in this field are projected to create several opportunities in the graphene market over the forecast period.

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Graphene Market: Segmentation

The Report of Global Graphene the Market is Segmented into Type and Application.

In terms of types, the market is categorized into graphene oxide (GO), graphene nanoplatelets (GNP), and others. Graphene oxide is a single-atomic-layered material, made by the powerful oxidation of graphite. It is inexpensive and easier to manufacture than graphene. Graphene oxide is primarily used in the production of transparent conductive films. Thus, the growing demand for graphene oxide from the flexible electronics sector drives the growth of graphene oxide in the graphene market.

Based on applications, the global market of graphene is segmented into optical electronics, biological engineering, composite materials, photovoltaic cells, energy storage, and others. Among these applications, optical electronics, and composite materials applications are holding significant market shares in the graphene market.

Graphene is almost completely transparent material with high conductivity. It can transmit up to 97.7% of the total incident light. Thus, is expected to be the strong element that can replace the tin oxide that is extensively used as a transparent conductor. Rapidly growing adoption of graphene in the manufacturing of smartphones, tablet, desktop computers, and televisions are anticipated to enhance the growth of the market. Optical Electronics consumed approximately, more than 25% of the total produced graphene.

Graphene Market: Regional Analysis

In 2017, North America held the maximum market share of approximately 37%, in the graphene market. It is concluded that it will dominate the graphene market over the forecast period. Presence of several manufacturers and the strong R&D are the key factors that drive the North America graphene market. Furthermore, Asia Pacific is the fastest growing region in the Graphene market. The growing electronics industry and rising awareness about the properties of graphene are contributing to the growth of the graphene market in this region.

Graphene Market: Competitive Analysis

The key companies in the global graphene market include Haydale Graphene Industries PLC, Versarien plc, Nanjing XFNANO Materials Tech Co., Ltd, Graphenea S.A., NanoXplore, Inc., 2D Carbon(Changzhou)Tech Inc., Abalonyx AS, ACS Material, Graphene NanoChem, Vorbeck Materials, Thomas Swan & Co. Ltd and others. These leading and established players in this market are more inviting into the research and developing activity. This will further help them to enhance the product portfolio and sells.

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Reasons to Buy this Report:

- Comprehensive analysis of global as well as regional markets of the Graphene.

- Complete coverage of all the product type and applications segments to analyze the trends,
developments, and forecast of market size up to 2024.

- Comprehensive analysis of the companies operating in this market. The company profile includes analysis
of product portfolio, revenue, SWOT analysis and the latest developments of the company.

- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies
that market players should focus to invest, consolidate, expand and/or diversify.