World Graphene Market -
Opportunities and Forecasts, 2014 - 2021, projects that the global sales of
graphene would reach $151.4 million by 2021. Graphene nanoplatelets (GNP)
segment is expected to account for about two-third of the overall market
revenue by 2021. The Asia-Pacific graphene market is projected to grow at the
highest CAGR of 47.7% during the forecast period.
Graphene is known as “wonder
material” due to its exceptional strength and thinness. It displays
characteristics, such as high mechanical strength (about 200 times stronger
than steel) and good electrical and optical properties. It can be used in
various applications including RFID, composites, sensors, research &
development, energy storage, functional ink, and polymer additives. However,
high cost of equipment and technological limitation for mass production are the
key factors hindering the growth of this market. In addition, heavy investment
to improve production capacity and more focus to strengthen R&D activities
would lead to the development of novel and innovative products.
GNP is expected to continue to
lead the overall market till 2021. Monolayer and bilayer graphene would emerge
as lucrative segments, registering a CAGR of 41.5% during 2014 and 2021. The
growth of this segment is attributed to its potential applications in
electronics, energy storage, 3D printing, and other industries.
Key findings of the study:
Europe and Asia-Pacific,
collectively, accounted for about 35% share of the world graphene market in
2015.
In 2015, more than three-fourth of
the graphene produced was used for R&D applications.
Energy storage application segment
is expected to grow at the highest CAGR of 93.2% during the analysis period.
The composite application segment
accounted for second highest share in the world graphene market in 2015.
North America accounted for about
two third share of the world graphene market in 2015, owing to the increase in
demand for graphene in research institutes, universities, and R&D units of
companies such as IBM, Intel, Nokia, Samsung, and others.
However, Asia-Pacific is expected
to emerge as the fastest growing region due to the huge opportunities in
electronics and energy storage industry, especially in China, Japan, Taiwan,
South Korea, and India.
The key players profiled in this
report include Graphenea, XG Sciences, Vorbrck Materials, Haydale Limited,
Graphene Laboratories, CVD Equipment Corporation, Graphene Nanochem PLC,
Bluestone Global Tech, Angstron Material, Inc., and ACS Material, LLC.
For more information Visit at: http://mrr.cm/J39
Find all Specialty Chemicals
Reports at: http://www.marketresearchreports.com/specialty-chemicals
No comments:
Post a Comment