Graphene is a 2-dimensional carbon allotrope that has a honeycomb/hexagonal lattice structure made up of single layer carbon atoms. Graphene is one of the strongest material that has electrical properties such as excellent current-carrying capability, high optical transparency, high carrier mobility, and high mechanical strength.
A major factor driving growth of the global graphene market is increasing adoption of graphene by electronics and automotive sectors. In addition, increasing demand for graphene from aerospace & defense sector is another factor further propelling growth of the global market. A major factor restraining growth of the global graphene market is high manufacturing cost.
On the basis of product type, the global market is segmented into graphene nanoplatelets, graphene oxide, and others. The graphene nanoplatelets segment accounts for highest share in terms of revenue in the global market. The graphene oxide segment is expected to witness significant growth over the forecast period.
On the basis of application, the global market is segmented into electronics, aerospace & defense, energy, automotive, and others. The electronics segment accounts for highest revenue share in the global market and is projected to witness highest growth during the forecast period.
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On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America accounts for highest share in terms of revenue in the global market. The Asia Pacific graphene market is expected to witness highest growth during the forecast period. Increasing demand for graphene from major electronics manufacturers in countries in this region is a key factor driving growth of the Asia Pacific graphene market.
Key players in the global market are Graphenea S.A., XG Sciences, Inc., Applied Graphene Materials plc, Grafoid Inc., Graphene Frontiers LLC., Nanjing XFNANO Materials Tech Co., Ltd., ACS Materials LLC, Haydale Limited, Advanced Graphene Products Sp. z o.o., Applied Nanotech, Inc., Xiamen Knano Graphene Technology Corporation Limited, and other prominent and domestic players.