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The global graphene market exhibited strong growth during 2015-2020. Graphene can be defined as an allotrope of carbon element that has the thickness of only one atom and is arranged in a honeycomb-shaped lattice. It exhibits high thermal and electrical conductivity, along with high mechanical strength, permeability and electron mobility. Some of the most commonly available forms of graphene include graphene sheets, films, nanoribbons, nanoplatelets and graphene oxide. They are used with other gases and metals to form materials with superior properties, which are further used in the manufacturing of batteries, transistors, computer chips, supercapacitors, water filters, touch panels, coatings, composites and solar cells. Apart from this, it finds extensive applications across various industries, including medical, electronics, energy, defence and aerospace.
Rapid industrialization and increasing demand for lightweight, flexible and renewable materials across the globe are among the key factors driving the growth of the market. Furthermore, the integration of nanotechnology within the electronics industry is also providing a boost to the market growth. Graphene nanoplatelets are used to enhance the physical properties of various polymer materials, including natural and synthetic rubber, thermoplastic and thermoset composites, paints, coating and elastomers. Graphene films are being increasingly utilized in the manufacturing of protective coatings on flexible electronic devices, batteries and smartphones, which is contributing to the market growth. Other factors, including extensive research and development (R&D) activities to improve the thermal and electrical conductivity properties, along with immense utilization of graphene for manufacturing lightweight sports equipment, are projected to drive the market further. Looking forward, IMARC Group expects the global graphene market to grow at a CAGR of around 30% during 2021-2026.
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The competitive landscape of the industry has also been examined with some of the key players being ACS Material LLC, Angstron Materials Inc., CVD Equipment Corporation, Grafoid Inc., G6 Materials Corp., Graphene NanoChem PLC, Graphenea S.A., Haydale Graphene Industries Plc, Vorbeck Materials Corp., XG Sciences Inc., etc.
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