Graphene Market to create lucrative opportunities in Electronics Applications and expected to reach USD 1576.46 Mn by 2030- Says Stellar Market Research
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The report provides business statistics and analytical insights to understand the graphene market size, market share, growth, trends, demand, top players, industry profile, value chain, end-users, types, and applications. The bottom-up approach was used to estimate the global and regional market size. The report also includes growth opportunities in micro and macro markets for shareholders to invest in, with an in-depth analysis of the competitive landscape and major graphene competitors' product offerings.
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Competitive Landscape
The graphene market has a mix of established and emerging players. Established companies like Nanoxplore Inc. focus on manufacturing graphene powder and customized graphene-enhanced products for various industries. Talga Group is involved in developing advanced materials using graphene. There are also new players like ACS Material and Graphene Laboratories, Inc. that produce graphene and graphene-related products. These companies offer their products to a wide range of industries including transportation, energy storage, and electronics.
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Asia Pacific Graphene Market to be Dominant
With its strong industrial base, growing R&D expenditures, and significant investments in technical innovations, the Asia Pacific graphene market has been the largest globally. China's graphene market is the leader in the region thanks to its favorable political environment and crucial emphasis on high-tech companies. China has been the world's largest supplier of graphite materials, making up more than 90% of natural anode, 60% of the world's supply of natural flake, and 99% of uncoated spherical graphite. Over 1000 graphene-related patent applications are filed annually, making China a major center of graphene innovation. Additionally, India's graphene industry has affordable manufacturing costs and rapidly growing electronics and automotive sectors have made it a major participant in the Asia-Pacific region. In India's graphene industry, a skilled worker typically earns around USD 5,000 a year, which is far less than the USD 12,000 global average. A favorable atmosphere for the manufacturing of graphene is created by this cost advantage combined with government initiatives like the Made in India program. Also, major South Korean corporations, like Samsung and LG, are presently investing in graphene technology to create products of the future.
Graphene Nanoplatelets Segment Powering Innovation and Energy Storage
Based on the Product, the Graphene market is segmented into Graphene Nanoplatelets, Graphene oxide, reduced graphene oxide, monolayer graphene, bulk graphene, and others. The outstanding mechanical strength of the graphene nanoplatelets (GNPs) may reach up to 130 GPa, and their thermal conductivity extends to up to 5,000 W/mK marking the dominance of the segment. These qualities make them perfect for a variety of sectors, including energy storage, electronics, aerospace, and automotive. GNPs have become widely used because they are more cost-effective to produce than other types of graphene, such as single-layer graphene. GNPs are a more practical choice for large-scale industrial applications considering their comparatively cheaper production cost, which is about $100 per kilogram. Leading companies such as Graphenea, NanoXplore, XG Sciences, and Directa Plus have led technologically in creating novel applications and increasing their manufacturing capabilities to fulfill the increasing market demand. For instance, NanoXplore can meet the growing demands of the global graphene market thanks to its annual manufacturing capacity of over 4,000 metric tons. Many major opportunities are being offered by the growing use of GNPs in improving the durability and performance of batteries, especially lithium-ion batteries. The growing need for high-performance energy storage solutions, particularly in the electric vehicle (EV) sector, is met by GNPs' capacity to extend the life and energy density of batteries.
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