Graphene Market is Expected to Grow At A CAGR of 35% by 2024

Considering the product type-based market segmentation, graphene oxide is expected to be the crucial segment in global graphene market in the forecast period

Selbyville, United States - October 3, 2019 /MarketersMedia/ —

Graphene market earns the tag of being one of the most dynamic and fastest-growing markets of all times, contingent on the fact that graphene is one of the most remarkable and widely-used materials ever discovered. Graphene is already being used in numerous end-use sectors, and is currently being experimented with, to detect the various other energy-related applications it can be deployed for. Research & development activities play a crucial role in the development of graphene industry, with scientists and academicians striving to discover novel methods of incorporating graphene in various methodologies. As per statistics, the number of research publications on graphene has increased to over 9000 in 2013 from over 125 in 2005.

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Apart from being utilized in composite materials, graphene finds application in healthcare sector. Graphene oxide is extensively used in various dental care products, owing to its capability to resist antimicrobial agents. Growing awareness among people about their dental health will influence graphene market share noticeably. As per a market study, graphene market from healthcare sector will exceed a revenue collection of USD 20 million by 2024, owing to the requirement of the product for tissue engineering, drug delivery systems, and cancer treatment.

Rising investments in new product development in electronics & telecommunication sector also feature promising gains for the global graphene market expansion in the coming years. The product has been widely used in manufacturing low noise, high bandwidth and high power electrically conductive materials, memory chips & touch screens for smartphones. Extensive research initiatives by the industry participants will create significant opportunities for other novel graphene applications which will boost the product graphene market growth by 2024.

Considering the product type based market segmentation, graphene oxide is expected to be the crucial segment in global graphene market in the forecast period. It is likely to contribute to about 40% of the overall market revenue in 2024 and will be the fastest growing segment. The rise is attributed to its wide usage in biotechnology, electronic equipment, solar cells, etc.

Automakers have been giving preference to graphene material for manufacturing luxurious cars, owing to the fact that the usage of graphene decreases the overall vehicle weight. Graphene itself is lightweight as compared to the other materials, and its utilization will improve the fuel efficiency and speed of the car enormously. Recently at the Auto show held at Geneva, Pininfarina has unveiled electric car operated with graphene based battery. On that note, automotive sector covered 20% of graphene market share in 2016 and will register a CAGR of more than 34% over the coming seven years.

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Pertaining to quicker charging time and longer driving ranges, graphene battery is expected to witness huge demand for the automotive application in the future. The rapid growth of Graphene Battery Market stands as a testimony to the development of graphene market, which, according to Global Market Insights, Inc., will record an annual growth rate of 35% over 2017-2024.

Key market players Applied Graphene Materials PLC, Graphene Frontiers LLC, Graphenea S.A., Grafoid Inc., XG Sciences, Inc., Haydale Limited, ACS Materials LLC, Nanjing XFNANO Materials Tech Co., Ltd, Xiamen Knano Graphene Technology Corporation Limited, Applied Nanotech, Inc., Angstron Materials, Inc., Thomas Swan & Co., Advanced Graphene Products Sp. z o.o., Graphene Laboratories, Inc and AMO Gmbh.

Some Points From Table Of Content: -
Chapter 5. Graphene Market, By End-user
5.1. Global graphene market share by application, 2016 & 2024
5.2. Electronics
5.2.1. Market estimates and forecasts, 2013 - 2024
5.2.2. Market estimates and forecasts by region, 2013 – 2024
5.3. Aerospace & defense
5.3.1. Market estimates and forecasts, 2013 - 2024
5.3.2. Market estimates and forecasts by region, 2013 – 2024
5.4. Energy
5.4.1. Market estimates and forecasts, 2013 - 2024
5.4.2. Market estimates and forecasts by region, 2013 – 2024
5.5. Automotive
5.5.1. Market estimates and forecasts, 2013 - 2024
5.5.2. Market estimates and forecasts by region, 2013 – 2024
5.6. Healthcare
5.6.1. Market estimates and forecasts, 2013 - 2024
5.6.2. Market estimates and forecasts by region, 2013 – 2024
5.7. Others
5.7.1. Market estimates and forecasts, 2013 - 2024
5.7.2. Market estimates and forecasts by region, 2013 – 2024

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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