Market Analysis: —
Global Graphene Market is predicted to touch USD 811.40 million at a whopping 43.0% CAGR between 2016- 2023, as per the recent report by Market Research Future (MRFR). Graphene is an allotrope of carbon that comprises diamond and graphite, and forms a huge area of study, especially in the fields of high technology and nanomaterial. Mono-layer and bi-layer graphene, few-layer graphene (FLG), graphenenanoplatelets (GNP), graphene oxide (GO), and others are the different types of graphene.
Various factors are adding to the Graphene Market Growth. According to the new MRFR report, such factors include increasing product penetration in different applications like sensors, semiconductors, and energy storage, burgeoning demand for flexible, lightweight, and renewable materials which offer durability, and excellent product characteristics like high permeability, high electron mobility, and high thermal and electrical conductivity.
On the contrary, environmental impacts and high production costs are factors that may limit the Global Graphene Market Growth over the forecast period.
COVID-19 Analysis/COVID-19 Impact on Graphene Market:
The emergence of the novel coronavirus has affected the Global Graphene Market drastically. As per the UNCTAD (United Nations Conference on Trade & Development), this pandemic has impacted the FDI by 5 to 15%, which has hampered the manufacturers owing to lockdown across different countries and shortage of raw materials. With the manufacturing industry being a huge part of the economy of a country, governments are focused on encouraging them by boosting investments.
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The MRFR report offers an inclusive segmental analysis of the Global Graphene Market Report based on End Users and Type.
By Type, global Graphene Market is segmented into mono-layer and bi-layer graphene, few-layer graphene (FLG), graphenenanoplatelets (GNP), graphene oxide (GO), and others. Others are again segmented into pristine graphene and 3D graphene foams. Of these, the GNP segment will lead the market over the forecast period.
By End User Industry, Global Graphene Market is segmented into chemical, electronics, coatings, energy, pharmaceutical, aerospace, automotive, and others. Of these, the electronics segment will dominate the market over the forecast period.
Eminent players profiled in the Global Graphene Market Report include Haydale Limited (UK), GrafoidInc (North America), Graphenea Inc. (US), BGT Materials Limited, Ltd (UK), Graphene Laboratories, Inc. (US), Angstron Materials, Inc (US), XG Sciences, Inc. (US), GrapheneNanoChem (UK), Vorbeck Materials (US), and CVD Equipment Corporation (US). Key players have incorporated several strategies to create a niche in the market, such as mergers, acquisitions, new product launch, geographic expansion, strategic alliances, joint ventures and collaborations, and others.
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Based on the Region, Global Graphene Market Report covers the growth opportunities and recent trends across the Americas, Europe, the Asia Pacific (APAC), and Middle East Africa (MEA). Among these, North America will have the lions share in the market over the forecast period. Burgeoning demand from the aerospace and electronics industry and strong distribution & supplier networks are adding to the Graphene Market Growth in this region. The US, Mexico, and Canada are the chief contributors in the region.
Global Graphene Market in Europe is predicted to have the second-largest share over the forecast period. Increasing investments in the R&D activities and the presence of developing countries such as France, Italy, and Germany are adding to the growth of the market in the region.
Global Graphene Market in the APAC region is predicted to grow at a fast pace over the forecast period. Burgeoning demand in the chemical, aerospace, and automotive industry, the presence of a huge number of consumers and manufacturers, and increasing production is adding to the growth of the market in the region. South Korea, India, Japan, and China are the chief contributors in the region.
Global Graphene Market in the RoW is predicted to have sound growth over the forecast period for its wide applications in different industries.
COVID-19 Study in Detail:
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NOTE: Our teams of researchers are studying COVID-19 and its impact on various industry verticals and wherever required we will be considering COVID-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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