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Graphene Market to be Worth US$159.2 Mn by 2023; Need to Make Light-Weight Vehicles to Propel Growth in Market: TMR

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News provided by

Transparency Market Research

05 Feb, 2019, 11:00 GMT

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ALBANY, New York, Feb. 5, 2019 /PRNewswire/ --

As graphene is a recent product, with a discovery dated by in 2004, the players have a great chance to entering into the market and tap into lucrative opportunities. Some of the major players in 2014, namely XG Sciences, Inc., Graphenea S.A., and Applied Graphene Materials plc, collectively accounted for the share of 26.7% in the global graphene market. The global market scenario is likely to be highly fragmented with the emergence of various players. The major firms are heavily investing in the research and development activities of graphene. Recently, in order to upgrade its technological ability, Graphenea S.A. invested in a San Sebastian's CIC nanoGUNE nanotechnology research center. Some of the key players in the market are Nano Material Tech, Grafoid Inc., Graphenea S.A., and Advanced Graphene Products. The analysts of the recent report on graphene market state that firms are foreseen to get into mergers and acquisitions to improve their position in the market, upgrade their product portfolios, and enhance their brand presence.

According to a recent report by Transparency Market Research, the global graphene market is anticipated to expand at an amazing CAGR of 33.5% within the forecast period from 2015 to 2023. In 2014, the global graphene market was valued to be of worth US$ 12.2 mn and is likely to reach a value of over US$ 159.2 mn by the end of forecast period.

Request a Sample of Global Graphene Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=840 

In the graphene market, electronic segment leads the race. The segment in 2014 held the maximum share of near about 32.5% in the entire market. This figure is likely to reach around 34.7% by the end of forecast period. Geographically, North America region is estimated to propel the growth in graphene market, by leading it globally.

Increased Usage in Smartphones Industry to Fuel Demand

Despite graphene being discovered recently, around 10 years back, the allotrope has various usage in the industries. As it is strong and yet light-weight, it is considered to be tougher than the metal, diamond also. These are the certain properties possessed by graphene that makes it very popular in the electronics industry, which especially manufacture smartphones. The other industries responsible for the growth in global graphene market are automobiles, telecom, defense, and aerospace.

Request For Multiple Chapters: https://www.transparencymarketresearch.com/sample/sample.php?flag=MC&rep_id=840

Surging demand in innovative work of graphene are additionally liable to support the market in the coming years. For example, the European Commission declared an astounding venture of US$1.3 bn in innovative work of graphene that will be utilized for the following 10 years. Moreover use of graphene in making of different car parts to make vehicles lighter and eco-friendly is additionally prone to improve this market.

Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=840

High Manufacturing Cost to Hinder Market Growth

The greatest hindrance in the global graphene market is the staggering expense of manufacturing. In the first place, improvement of graphene requires broad innovative work and makers are as yet working on to devise cost-efficient innovations. Along these lines, the related and the actual expense of manufacturing is limiting the development of this market. This factor is likewise preventing end-client enterprises from utilizing graphene to make their items as it raises the possible yield cost.

The review is based on the findings of a report by Transparency Market Research, titled "Graphene Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023."

The report segments the global graphene market as follows:

Graphene Market - Product Analysis

  • Graphene Oxide
  • Graphene Nanoplatelets
  • Mono-layer & Bi-layer graphene
  • Others (Including Graphene Multilayer, etc.)

Graphene Market - End-user Segment Analysis

  • Electronics
  • Aerospace & Defense
  • Energy
  • Automotive
  • Health care
  • Others (Including Paints and coatings, etc.)

Graphene Market - Regional Analysis

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • France
    • U.K.
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA

Browse Chemicals & Materials Market Research Reports

Popular Research Reports by TMR:

  • Graphene Composites Market: https://www.transparencymarketresearch.com/graphene-composites-market.html
  • Conductive Inks Market: https://www.transparencymarketresearch.com/conductive-ink-market.html
  • Nanocomposites Market: https://www.transparencymarketresearch.com/nanocomposites-market.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision."

Contact
Mr Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
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Research Blog: https://cmfenews.com

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