Capacity expansion and increasing R&D activities to give boost to the Graphene Market during the forecast period
Graphene is used in a various of applications including composites, energy harvesting & batteries, electronics, sensors, paints & coatings, conductive inks, membrane, and others. Graphene reduces weight of composites & rubbers, increases energy efficiency in electrodes, increases the abrasion resistance of the material, increases heat dissipation in rubbers. However, amidst the global COVID-19 pandemic, the demand for graphene from the applications mentioned above is expected to show a decline. The global graphene market size is expected to grow from USD 620 million in 2020 to USD 1,479 million by 2025, at a CAGR of 19.0% during the forecast period. Bulk graphene type includes graphene nanoplatelets (GNPs), graphene oxide, reduced graphene oxide, and other forms of graphene. Graphene oxide is an oxidized form of graphene available in powder and dispersion forms. So, when deposited on any substrate, it can easily be converted into a conductor, making it feasible for the production of transparent conductive films, chemical sensors, flexible electronics, and touch screens. The low cost and ease of production make graphene oxide a preferred graphene type in major applications such as rust-free coatings and flexible composite materials. Graphene nanoplatelets (GNP) are available in flakes and layers of graphite that are prepared depending on the requirements of end users. GNPs are widely used in ink formulation, conductive inks, printed electronics, coatings, energy storage, nanocomposite materials, and lithium-ion (Li-ion) batteries, and other applications, as they are lightweight and have a long life-span. They are also heat resistant and cost-effective. The major manufacturers profiled in this report include US), Graphenea SA (Spain), Avanzare Innovacion Tecnologica S.L. (Spain), Global Graphene Group (US), Directa Plus S.p.A. (Italy), Haydale Graphene Industries Plc (Italy), Changzhou Sixth Element Materials Technology Co., Ltd. (China), and Ningbo Morsh Technology Co., Ltd. (China), Nanjing XFNANO Materials Co., Ltd., Xiamen Knano Graphene Technology Corporation Limited, and JCNANO Tech Co., Ltd. (China). These companies are focused on increasing production capacities and developing innovative graphene-based products for various end-use industries. The growing applications of graphene in various end-use industries such as automotive & transportation, aerospace, and electronics is expected to drive the market during the forecasted period. For instance, Graphenea SA introduced two new graphene-based sensors named S11 and S12 under the GEFT sensing product line. The company adopted this strategy to grow its business in graphene-based sensors segment. https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=83933068
