Globally, the graphene industry projects at a CAGR of 39.45% during the market forecast period of 2020-2027. Graphene market value holds a USD of 942.4 million during the forecast period.
Diamond and graphite being the allotrope of carbon occupy a huge area under the fields of high technology and nanomaterials. One layered carbon atom symbolizes two-dimensional hexagonal lattices bonded to each other by strong covalent bonds. The application of graphene in the end-user industry facilitates the use of advanced innovative technology. The research and development sector in the graphene industry expands further increasing the graphene market growth opportunities.
Globally, the outbreak of the pandemic of COVID had a very bad effect on the normal life of the working people. Globally, due to this pandemic people battled between the economic crisis and their health. COVID led to the decline of the financial state and led towards forced recession. Due to the lockdown situation, a number of manufacturing units stopped manufacturing. Automotive, transportation, aerospace industry, and electronic industry resulted in the deterioration of the sales of the revenue of the graphene industry. A change in consumer behavior and interruption in the supply chain was marked during this outbreak. However, globally the graphene market will normalize from this COVID situation just towards the end of the second quarter during the upcoming years.
The government has taken certain rules and has imposed lockdown and shutdown. Certain guidelines were put forward for maintaining social distance and that will protect the people from getting affected.
Some of the market players operating in the graphene market are
These market players operating throughout the industry use some strategies to sustain their position in the market globally. They do so by developing new products and innovating in the existing ones. They merge, do acquisitions, collaborate and set up joint ventures and establish partnerships. They too acquire many other methods for expanding their business in the global untrapped market.
VALUE CHAIN ANALYSIS
Globally, the demand and rise in growth of the graphene market have risen tremendously thus owing to the advantages associated with it. This increases the graphene market value of society. The high demand for the graphene market is due to the rise in demand for the production of graphene products from the automotive and transportation industry.
The North American region holds the largest part of the graphene market share which leads to the rise in demand for various markets of aerospace and electronics in the regions of the United States, Mexico, the Canadian region, and some areas of the North American region. The Asia-Pacific region contributes to the fastest-growing graphene market. The graphene market holds a large share in the regions of the chemical industry, automotive, and various other large-scale industries. This also contributes to some other regions of South Korea, India, Japan, and China. The European region holds the third-largest market share which owes to the presence of the automotive industry. This region includes the areas of France, Italy, and Germany. some Middle East and African areas and including areas of Latin American countries show exponential growth. This is because of its increased use in pharma markets, aerospace, and the automotive industry. I'm in the coating sector and energy sectors and some other countries.
As per the graphene market trends, the market research report comprises a market overview of the whole market. It gives details about the COVID 19 analysis and its impact on the whole world. It summarised the growth developing factors that help in rising the market growth and also its market size. It also influences the factors that include both challenging factors and restraining factors that inhibit the growth and size of the market. It gives information about the supply chain that raises the supply of the end products. From the market analysis, you come to know about the region’s developments and the key players playing in the whole market. The strategies are taken into account by them and the partnership that they create with other developing countries raises the demand of the graphene industry.
|Market Size||2027: USD 942.4 million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type and End Use Industry|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||CVD Equipment Corporation (U.S.), Vorbeck Materials (U.S.), Graphene NanoChem (U.K.), XG Sciences, Inc. (U.S.), Angstron Materials, Inc. (U.S.), Graphene Laboratories, Inc. (U.S.), BGT Materials Limited, Ltd (U.K.), Graphena Inc. (U.S.), Grafoid Inc (North America), Haydale Limited (U.K.)|
|Key Market Opportunities||The mass manufacturing of defect-free graphene and high-quality graphene|
|Key Market Drivers||
The graphene market in the global market is expected to grow at a higher CAGR of 39.45% during the forecasted period.
The graphene market is expected to account for a higher market value of approximately USD 942.4 million during the forecasted period
The top market players in the graphene market are CVD Equipment Corporation, BGT Materials Limited, Ltd, Graphena, Inc., and many others.
The North American region holds the largest market share in the graphene market in the global market.