The global graphene market is expected to reach USD 74.8 million by 2022, according to a new report by Grand View Research, Inc. Rising consumer awareness regarding the unique properties of graphene, which are likely to open new opportunities for technological advancement, is expected to drive demand. Emerging economies including China and India are expected to witness a significant growth over the forecast period on account of growing demand from multinational companies for the purpose of research and development.
Graphene nanoplatelets are expected to witness significant gains on account of their wide use in various industries including electronics, aerospace, medical and energy storage & generation. Over the past few years, the market has witnessed a sudden increase in demand from various companies and institutions for the purpose of research and development of the product.Demand is likely to reach 1,321.1 tons by 2022, growing at a CAGR exceeding 22.0% from 2015 to 2022.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/graphene-industry
U.S. graphene market volume, by product, 2012 - 2022 (Tons)
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Energy is a high potential sector for graphene
and continuous innovation in development of the product will help in generating
energy from renewable sources. The segment is anticipated to generate revenues
worth USD 10.2 million in 2022.
·
Europe graphene oxide market was valued at USD
4.8 million in 2014. The region is expected to witness a strong demand for
these products owing to its applications in sensors, touch screens and
displays. Growing demand for advanced electronics, particularly for academic
and research purposes, is expected to propel growth.
·
North America dominated the global market
accounting for 34.2% of the overall volume in 2014. Positive manufacturing
industry outlook in the U.S. in light of increasing focus on research
&development coupled with favourable government initiatives to attract
investments is expected to have augment market.
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Electronics was the largest application segment
in 2014 and accounted for over 40% of global market volume. The market is
expected to witness significant growth at a CAGR of 23.1% in terms of volume
from 2015 to 2022, owing to increasing demand from optoelectronics,
communication and defence electronics systems.
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Key industry players including XG Sciences,
Inc., Vorbeck Materials, Haydale Graphene Industries PLC, Graphene
Laboratories, Inc., Graphenea SA, Grafoid Inc., Graphensic AB, Graphene Square,
and Directa Plus are expected to expand their business presence over the
forecast period. Other key industry participants including Graphene Technologies,
Thomas Swan & Co., Ltd., Angstron Materials, Inc., ACS Material, LLC, CVD
Equipment Corporation, and BGT Materials Limited are investing heavily in
research and development for graphene based products.In November 2015, Angstron
Materials, Inc. increased its annual production capacity from 300 tons to 1,000
tons.
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Grand View Research has segmented the global graphene market on the basis of product, application and region:
Product Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2022)
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Graphene nanoplatelets
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Graphene oxide
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Others
Application Outlook (Volume, Tons; Revenue, USD Million, 2012 -
2022)
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Electronics
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Composites
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Energy
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Others
Regional Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2022)
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North America
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U.S.
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Europe
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Spain
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U.K.
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Asia Pacific
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China
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India
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RoW
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