Global Graphene Market is Share will Increase US$193.68 Million By 2022

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.   

Graphene is a very thin, strong material which consists of a single layer of carbon atoms. It has many applications like metrology, biotechnology, high-frequency transistors, electronic and photonic. Graphene can sustain high density of electrical current and is impermeable to any gases. Graphene is about 100 times stronger than steel. It is a good conductor of electricity and heat. High electronic mobility and permeability like a quality made graphene is significantly used in the most important sectors like energy, composites, and electronics.

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The global graphene market is primarily driven by surging demand of graphene in the electronic industry. Moreover, growing utilization of graphene in the energy industry is expected to boost the market size during the years to come. This growth is attributed to the high electrical mobility and permeability quality. However, stringent rules and regulations related to health issues may hinder the growth of the market. Nonetheless, ongoing research and development activities related to graphene are projected to set new opportunities for the major manufacturers in the market over the next few years.

Based on product segment, the global graphene market is segmented into mono-layer & bi-layer graphene, few layer graphene, graphene oxide and graphene nano platelets. Among all products, graphene nano platelet was the largest segment of the market in 2016 and it holds a significant share of the entire market. Moreover, it is expected to exhibit exponential growth over the future years. Graphene oxide is predicted to be the fastest growing product of the market.

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Composites, energy storage, electronics are the major applications of global graphene market. Electronics held the largest application segment of the market in 2016. Furthermore, the electronics application is expected to be one of the fastest growing applications of graphene market over the coming years. Rapidly growing demand for mobiles and laptops is expected to enhance the demand for graphene market in the electronics industry, especially in Asia Pacific region during the forthcoming period.

In terms of region, North America was the most attractive market for graphene in 2016. Moreover, it is projected to witness splendid growth during the next few years due to the surging demand for graphene in electronics and energy industries. North America was followed by Europe and Asia Pacific in the same year. Additionally, Asia Pacific is expected to be the fastest growing market for graphene due to the increasing penetration of graphene in electronics and composites applications in the region.

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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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