The global graphene market is projected to reach USD 529.8
million by 2025, according to a new report by Grand View Research, Inc. Growing
electronics industry, especially in the emerging Asia Pacific region is
projected to drive the market over the forecast period. In terms of product,
graphene nanoplatelets dominated the market in 2015. These products are mainly
used in electronic devices. They are abundantly available and low priced.
Hence, they are commonly used by small-scale producers, due to cost sensitivity
of customers.
Electronics was the most popular
application area of graphene. Rising demand for consumer electronics including
smartphones and tablets is expected to be the biggest industry driver in this
segment. Rising per capita income of developing countries such as India and
China has resulted in high demand for consumer electronics and luxury vehicles,
which is expected to provide the impetus for industry growth.
Browse full research report on Graphene Market: http://www.grandviewresearch.com/industry-analysis/graphene-industry
Further key findings from
the report suggest:
- Graphene nanoplatelets are expected to grow at the
highest CAGR of over 45% from 2016 to 2025 on account of rising
application in the electronics industry due to superior properties
including high strength and stiffness
- The electronics industry dominated the application
segment of the graphene market in 2015, with a share of over 40% as
graphene is increasingly being used as an alternative to indium-tin oxide
(ITO) in the manufacturing of low-cost, flexible touch screen displays for
mobile phones and tablets
- North America accounted for the largest share of over
30% in 2015 with U.S. being a major market and home to some of the largest
electronics players such as Apple, Hewlett-Packard, Dell and Intel.
- The market in Asia Pacific is projected to grow at
the highest CAGR of 38.7% from 2016 to 2025 courtesy growing markets in
emerging countries such as China and India
- In March 2016, Haydale Composite Solutions Limited in
collaboration with SHD Composites Ltd. launched new graphene-based
enhanced carbon fiber products.
Grand View Research has segmented the global graphene market
on the basis of product, application, and region:
Product Outlook (Volume, Tons; Revenue, USD Million, 2014
- 2025)
- Graphene
Nanoplatelets
- Graphene
Oxide
- Others
Application Outlook (Volume, Tons; Revenue, USD Million,
2014 - 2025)
- Electronics
- Composites
- Energy
- Others
Regional Outlook (Volume, Tons; Revenue, USD Million,
2014 - 2025)
- North
America
- U.S.
- Europe
- Spain
- UK
- Asia
Pacific
- China
- India
- Latin
America
- Brazil
- MEA
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: http://www.grandviewresearch.com
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