Big Market Research has recently added a report titled, "World Graphene Market-Opportunities and Forecasts, 2014-2021.” The projected figures in the report indicate that the global sales of graphene would reach $151.4 million by 2021. Graphene Nano Platelets (GNP) segment, specifically, is expected to generate about two-thirds of the overall market revenue by 2021. Among all geographies, the Asia-Pacific region in graphene market is estimated to grow at the highest CAGR of 47.7% during the forecast period.
Graphene, is referred to as the "wonder material" in the industry owing to its exceptional strength and fineness. It displays several advantageous characteristics, such as high mechanical strength (about 200 times stronger than steel) as well as remarkable electrical and optical properties. It can be placed in various end applications including the development of Radio-frequency Identification (RFID), composites, sensors, energy storage, functional ink, and polymer additives. However, considering the high costs of manufacturing equipment and technological limitations associated with its mass production are principle factors that hinders the growth of the industry. Heavy investments, aimed at improving production capacity and increased focus on strengthening research and development activities felicitate the evolution of novel and innovative products.
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Out of all contemporary types, analysts expect GNP to continue with its lead in the overall market till 2021. Monolayer and bilayer graphene types would emerge as lucrative segments in the present decade, registering a CAGR of 41.5% during 2014 and 2021. This considerable growth can be attributed to the potential these material hold in electronics, energy storage, 3D printing, and suchlike applications. In the year 2014, more than three-fourths of the net graphene volumes produced, was solely 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 the second highest share in the world graphene market in 2015.
The Europe and Asia-Pacific region collectively, account for about 35% share of the world graphene market during 2015. North America reportedly claimed about two-thirds of the world graphene market shares the same year, owing to the corresponding overall increase in demand for graphene in research institutes, universities, and R&D units of companies such as IBM, Intel, Nokia, Samsung, and others. However, the expected emergence of the Asia-Pacific region as global dominant due to the huge opportunities in electronics and energy storage industry, especially in China, Japan, Taiwan, South Korea, and India.
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The report compiles the detailed corporate profiles of key market players such as 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. The comprehensive presentation of their portfolio offerings, business expansion moves, and financial performance gives an idea to the direct competitors for building their strategies. Prospective investors can derive profitable opportunities of growth and tap them accordingly.