Graphene Market Size to Reach USD 876.8 Million by 2027 at CAGR 40.2% | Valuates Reports - Seite 2
Furthermore, factors such as resistance to fire, durability, non-toxicity, resistance to heat, tensile strength drive the growth of graphene market size. The increasing demand rust-free coating, printed electronics, and conductive inks has led to an increase in graphene consumption in the advanced materials market.
However, the toxic nature of graphene and the risk involved during the graphene production phase might hinder the graphene market growth. Because of its inflammable nature, graphene requires careful and precise handling. Regulatory compliance with inflammable goods is few other factors that inhibit the growth of graphene market size.
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GRAPHENE MARKET SHARE ANALYSIS
Based on type, graphene nanoplatelets are expected to witness the highest growth during the forecast period.
This rapid growth is attributed to their wide range of applications in various sectors, including aerospace, telecommunications, medical and energy storage, and generation.
By application, due to their power and weight enhancement ability, the composites segment is expected to experience the highest growth during the forecast period.
These are used in a number of industries, including production, automotive, and aerospace. Manufacturers are able to produce solid and light materials with high electrical conductivity and heat resistance by applying small amounts of graphene to materials such as metals, polymers, and ceramics.
Asia-Pacific holds a dominant position in 2019 and would continue to maintain the lead over the forecast period.
Thanks to its outstanding electrical and thermal conductivity, graphene is mainly used in the electronic and automotive industries. The Asia Pacific is rising rapidly in both the electronic and automotive industries, and they are big end-users of graphene.
North America accounted for the second-highest graphene market share in 2019 and is expected to sustain its dominance over the forecast period.
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Some of the key players operating in the global graphene market are ACS Material LLC, Bluestone Global Tech, CVD Equipment Corporation, Graphene Nanochem PLC, Graphenea S.A., G6 Materials, Haydale Limited, Nanotek Instruments Inc., Vorbrck Materials, and XG Sciences.