Graphene Market Worth USD 193.68 Million by 2022
Zion Market Research, the market research group announced the analysis report titled 'Graphene Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2022'
Sarasota, FL -- (SBWire) -- 01/15/2018 --Zion Market Research has published a new report titled "Graphene Market (Mono-Layer & Bi-Layer Graphene, Few Layer Graphene, Graphene Oxide and Graphene Nano Platelets) for Composites, Energy Storage, Electronics and Others Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022". According to the report, global graphene market was valued at USD 32.0 million in 2016 and is expected to reach USD 193.68 million in 2022, growing at a CAGR of 35.0% between 2017 and 2022.
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Graphene is a substance that contains high electronic mobility, heat resistance, and permeability. It is a good conductor of electricity and heat. This quality of graphene surging the use of its uses in consumer electronics, conductive inks, composites, flexible radio frequency devices, super capacitors, coatings, sensors, etc. It exhibits the unique properties such as ultra thinness, super strength, versatility, extremely high conductivity, and cost.
The global graphene market is expected to witness significant growth rate in the forecast period, primarily owing to the demand from the electronic and automobile industry in the emerging economies. Automobile and electronic industry in developing countries such as India and China is expected to grow at a significant rate during the forecast period. Government policy and funding to R&D plays a vital role in the development of graphene industry. However, stringent rules and regulations related to health issues are expected to hinder the growth of the market. Moreover, the graphene is replacing the silicon chip in semiconductor, and graphene use in water filtration and desalination will be an opportunity for new growth of the industry.
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Based on applications, the global graphene market has been segmented into composite, electronic, energy storage, transport, healthcare, and textile industry. Electronic accounted for the largest market share in 2016, owing to the extensive demand from various end user industries such as an automobile, energy, and composite etc, storage medical implants; improve sports equipment.
With the significant share, the North America was the largest market of graphene in 2016. Europe was the second largest market of graphene in the same year. Moreover, Asia Pacific is predicted to be the fastest growing market within the forecast period. In Asia Pacific, China was the largest producer of graphene due to the presence of abundant reserves in China. Additionally, Latin America and the Middle East is predicted to experience the moderate growth within the forecast period.
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Some of the leading players in the market are Grafoid, Inc., Samsung Electronics Co. Ltd., IBM Corporation, Graphene Laboratories, Inc., Graphene Square, Graphenea S.A., Graphene Frontiers, SanDisk Corporation Skeleton Technologies, and Galaxy Microsystems, Ltd. among others.
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