The size of the graphene market will reach $ 876.8 million by 2027

The rapid growth of graphene manufacturers, the growing demand for electronic applications and the use of composites and coatings are driving the growth of the global graphene market. The Asia-Pacific region contributed the largest market share in 2019, and it is estimated that it will maintain its dominance in revenue until 2027. Graphene production activities have been halted due to the blockade in many countries. Moreover, the supply chain is greatly disrupted.

Portland, OR, February 15, 2021 (GLOBE NEWSWIRE) – According to a report published by Allied Market Research, a global graphene market generated $ 87.5 million in 2019 and is expected to reach $ 876.8 million by 2027, witnessing a CAGR of 40.2% from 2020 to 2027. The report provides a detailed analysis of changes in market dynamics, major investment pockets, key segments, competitive landscape, value chain and regional scenario.

The rapid growth of graphene manufacturers, the growing demand for electronic applications and the use of composites and coatings are driving the growth of the global graphene market. However, fatal effects on the environment are holding back market growth. On the other hand, increased R&D activities around the world and large-scale production using renewable sources offer opportunities in the next few years.

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Covid-19 Screenplay:

  • Graphene production activities have been halted due to the blockade in many countries. Moreover, the supply chain in the chemical sector is greatly disrupted.

  • Demand has been significantly reduced from the automotive industry because the use of composites, batteries and others has become more difficult. However, demand will continue to grow as production facilities begin day-to-day activities.

The report offers a detailed segmentation of the global graphene market based on type, application and region.

By type, the nano platelet graphene segment accounted for more than three-fifths of total market share in 2019, and is projected to maintain its leading position over the forecast period. However, the single-layer and double-layer graphene segments are expected to grow at the fastest CAGR of 42.0% from 2020 to 2027.

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By application, the energy storage segment had the largest share in 2019, accounting for almost one-third of the global grapheme market, and is projected to maintain its leading status over the forecast period. However, the composite segment is expected to be the largest CAGR of 41.2% from 2020 to 2027.

Based on the region, the Asia-Pacific region contributed the largest market share in 2019, accounting for nearly two-fifths of the global market, and is estimated to maintain its dominance in revenue until 2027. Moreover, this segment is projected to show fastest CAGR of 40.9% over the forecast period. The report also analyzes regions including North America, Europe and LAMEA.

Leading players in the global graphene market analyzed in the survey include ACS Material LLC, CVD Equipment Corporation, Bluestone Global Tech, Graphenea SA, Graphene Nanochem PLC, Haydale Limited, G6 Materials, Vorbrck Materials, Nanotek Instruments Inc. and XG Sciences.

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