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Portland, OR, February 15, 2021 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, the graphene market generated $ 87.5 million in 2019 and is expected to reach $ 876.8 million by 2027, a CAGR of 40.2% from 2020 to 2027. The report provides a detailed analysis of the changing dynamics market, major investments, key segments, competitive landscape, value chain and regional scenario.
Soaring graphene manufacturers, increasing demand for electronic applications, and use of composites and coatings are driving the growth of the global graphene market. However, fatal effects on the environment are holding back the growth of the market. On the other hand, increased R&D activities around the world and large-scale production using renewable sources offer opportunities in the coming years.
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Covid-19 scenario:
- Graphene production activities have been halted due to the blockage in many countries. In addition, the supply chain of the chemical sector has been disrupted to a large extent.
- The demand from the automotive industry has decreased significantly as the use of composites, batteries and the like has been hampered. However, demand would increase steadily as manufacturing plants begin their day-to-day operations.
The report offers detailed segmentation of the global graphene market on the basis of type, application, and region.
By type, the graphene nanoparticles segment accounted for more than three-fifths of the total market share in 2019 and is expected to maintain its leading position during the forecast period. However, the monolayer and bilayer graphene segment is expected to grow at the fastest CAGR of 42.0% from 2020 to 2027.
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By application, the energy storage segment held the highest share in 2019, accounting for nearly one-third of the global grapheme market, and is expected to maintain its leading status throughout the forecast period. However, the composites segment is expected to experience the highest CAGR of 41.2% from 2020 to 2027.
Based on region, Asia-Pacific contributed the highest market share in 2019, accounting for nearly two-fifths of the global market, and is expected to maintain its dominance in terms of revenue by 2027. Additionally , this segment should represent the Fastest CAGR by 40.9% over the forecast period. The report also analyzes regions such as North America, Europe and LAMEA.
The major players in the global graphene market analyzed in the research 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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