Graphene Market- Properties and Application

Graphene is a one-atom-thick layer of pure carbon that is extremely strong and flexible. It is the world's first two-dimensional material and one of the most powerful materials ever discovered. Because of its unique electrical, mechanical, optical, and thermal properties, graphene has many potential applications in a wide range of industries, including electronics, energy storage, and biomedical engineering. Graphene can be used to make ultra-thin and flexible electronics like touch screens, as well as to store energy more efficiently in batteries. It can be used to make sensors that detect a wide range of molecules, and its strength and light weight make it ideal for aerospace applications.

?The global graphene market size is expected to grow USD 1,479 million by 2025, at a CAGR of 19.0% during the forecast period. Graphene is extensively used in automotive & transportation, aerospace, electronics, military & defense, and other end-use industries. The increasing use of graphene-based composite materials in the automotive & transportation end-use industry is expected to drive the demand.

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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 to depend 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 composite application segment held the largest share of the graphene market. This high share is owing to the established applications of graphene in composite components. Weight reduction is a major challenge in various end-use industries such as aerospace, automotive, and sporting goods. Graphene enhances the conductivity and strength of composite materials while maintaining their flexibility. Graphene-based composites are used in various end-use industries such as aerospace, automotive & transportation, medical implants, sports equipment, and among others. These industries are expected to drive the demand for graphene in the future.

Graphene has various applications in the automotive industry. It is mostly used as additive. When mixed with rubber, it increases both the durability and grip of tires. Graphene can be used as additive in composites for making body panels. It increases the structural properties of composites to make body part stronger and lighter, also can help in increasing mechanical as well as thermal performance of vehicles. As the automotive industry is moving towards e-mobility and looking to reduce vehicle weight and increase the performance of batteries, graphene plays an important role in achieving these goals. These factors are expected to drive the graphene market in automotive & transportation end-use industry.

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Asia Pacific region accounted for the largest market share in the global graphene market. Several graphene manufacturers in countries such as China, Japan, South Kora, India, and Australia are contributing to the growth of the regional market. These manufacturers are focusing on R&D activities in collaboration with various research institutes and universities for the development of graphene products. APAC has the highest number of manufacturers of automotive vehicles, electric batteries, and electronics components; these are the major applications where graphene is used. The presence of major end-use industries drives the graphene market in the APAC region.

The key players in the graphene market the NanoXplore Inc. (US), Graphenea SA (Spain), Avanzare Innovación Tecnológica S.L. (Spain), Global Graphene Group (US), Directa Plus S.p.A. (Italy), HAYDALE GRAPHENE INDUSTRIES PLC (Italy), The Sixth Element (Changzhou) Materials Technology Co Ltd (China), Ningbo Morsh Technology Co., Ltd. (China), 南京先丰纳米材料科技有限公司XFNANO , Xiamen Knano Graphene Technology Corporation Limited, (China), JCNANO Tech Co., Ltd. (China) and among others.?