Graphene Oxide Market Size – USD 636.0 Million in 2020, Growth – at a CAGR of 18.5%, Trends – Increasing investment in RD
Increasing Application Of Graphene In Electronics Industry And Growing Demand To Improve Automotive Fuel Efficiency Are Key Factors Driving Market Revenue Growth
The global Graphene Oxide Market size is expected to reach USD 2,495.4 Million in 2028 and register a revenue CAGR of 18.5% over the forecast period, according to the latest report by Reports and Data. Factors such as increasing application in products, such as sensors, semiconductors, batteries, electronics displays, and medicine among others market revenue growth to a significant extent. Graphene has characteristics such as high mechanical robustness, lubricating properties, barrier properties to fluids, electrical conductivity, and thermal conductivity, which offer a potential to substitute existing materials in a variety of applications and these are essential and required in a number of existing as well as expanding areas of application.
However, technical limitations for commercial production is a major factor hindering market revenue growth. Manufacturing graphene for commercial purpose would require extraction of huge volume of sheets which is extremely difficult and presence of impurities/contaminants in extracted material which is very expensive to remove (at least at present). Additionally, when graphene is produced by heating graphite, it consists of toxic chemicals that were present in graphite. This can have a significant impact on graphene properties and can be harmful to humans if used in electrical devices and smartphones, among other products, used on a daily basis.
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Top Key Players: CVD Equipment Corporation, Graphenea, Graphene NanoChem PLC, 2D Carbon Graphene Material Co. Ltd., Haydale Graphene Industries PLC, NanoXplore Inc., Directa Plus SPA, Ningbo Moxi Technology Co. Ltd., Global Graphene Group, and Grafoid Inc.
Key Companies in the market include:
By product type, graphene nanoplatelets segment accounted for a significant revenue share in 2020, attributed to the extensive application of graphene nanoparticles in polymeric materials like composites, paints and coatings, rubber, thermoplastic elastomers, and adhesives owing to the high electrical conductivity, better thermal conductivity, strength, and enhanced barrier characteristics.
By industry vertical, electronics segment contributed to largest revenue share in 2020 and is expected to maintain its dominance among other industry verticals throughout the forecast period. This is owing to increasing demand for graphene from telecommunication systems, optoelectronics, and defense electronics systems. Electronics sector is anticipated to observe significant growth in emerging markets like China, India, Malaysia, and Taiwan due to the increase in manufacturing activities in these countries and growing trend of digital transformation.
By application, composites segment is expected to grow at a rapid rate over forecast period. Graphene-based composites can be used to weatherproof residential and commercial buildings or to produce food packaging materials to prevent transfer of water and oxygen that can spoil food. Also, these composites hold immense potential to be used to manufacture sporting goods used in tennis, cycling, skiing, and even sports car in the near future.
Market in North America accounted for larges revenue share in 2020, attributed to. presence of several leading players in the region with intense research and development capabilities, which is expected to develop new growth opportunities in the forecast period. The U.S. is the largest consumer of graphene in across the globe. Wide ranging patent activities are adopted by market players in the US with several industry associations to develop graphene for use in various potential applications.
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Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Market Segmentation:
Technology Outlook (Volume, Kilo Tons; Revenue, USD Million; 2018-2028)
- Graphene Exfoliation
- Chemical Vapor Deposition
- Others
Product Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2018-2028)
- Graphene Oxide
- Graphene Nanoplatelets
- Monolayer Graphene
- Bilayer Graphene
- Others
Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2018-2028)
- Composites
- Energy Storage
- Coatings Inks
- Tires
- Catalyst
- Others
Industry Vertical Outlook (Volume, Kilo Tons; Revenue, USD Million; 2018-2028)
Technology Outlook (Volume, Kilo Tons; Revenue, USD Million; 2018-2028)
- Graphene Exfoliation
- Chemical Vapor Deposition
- Others
Product Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2018-2028)
- Graphene Oxide
- Graphene Nanoplatelets
- Monolayer Graphene
- Bilayer Graphene
- Others
Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2018-2028)
- Composites
- Energy Storage
- Coatings Inks
- Tires
- Catalyst
- Others
Industry Vertical Outlook (Volume, Kilo Tons; Revenue, USD Million; 2018-2028)
- Aerospace
- Automotive
- Energy
- Healthcare
- Electronics
- Military Defense
- Others
Key questions covered in the global Graphene Oxide Market report:
- What is the expected market size of the global Graphene Oxide Market during the forecast period?
- What factors are expected to hamper global Graphene Oxide Market growth over the forecast period?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Graphene Oxide Market?
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