The Global Graphene Market is expected to grow at a high CAGR of 35% during the forecasting period (2022-2029).
Increasing Applications of Graphene in Energy and Storage Industry
The emerging trends in portable and wearable electronics promote the design of flexible energy storage systems. Flexible supercapacitors and batteries as promising energy storage devices have attracted tremendous attention.
Graphene is the best material for flexible energy storage systems owing to its properties such as large surface area, good thermal and chemical stability, high conductivity and mechanical flexibility.
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Growing R&D Activities and Large Graphite Reserves Will Boost the Market
Graphene has potential use in several applications such as RFID, composites, sensors, research & development, energy storage, functional ink, and polymer additives.
The industry is at its promising stage of commercialization. Therefore, more than 75% of the graphene was used for research & development and prototype preparation by research institutes, universities, and research & development, in 2017.
Major companies in the world such as Nokia, Samsung, Intel, IBM, and others are making investments in Graphene-based energy storage systems.
By Type – Monolayer Graphene
Monolayer graphene consists of a single, closely packed layer of atoms or molecules in a two-dimensional hexagonal setup. It is largely made by the chemical vapor deposition of a hydrocarbon such as methane or benzene onto a hot copper or nickel substrate.
A secondary growth process of monolayer graphene involves heating single crystals of silicon carbide (SiC) such that silicon sublimates and carbon precipitates as graphene in an epitaxial fashion. A monolayer graphene is known for its better transparency, and convenience afforded in method of fabrication compared to other materials. The monolayer graphene is used for optical electronics, conductive coatings, metallic catalysts, micro-actuators, bio-sensors, photovoltaic systems, and composites.
The Global Graphene Market is segmented into various region geography such as North America, South America, Europe, Asia-Pacific, and Rest of the World.
Among all regions Asia-Pacific holds largest market share followed by North America with 40% and XX% of the total market respectively. China and the United States are major contributors of these regions. North America and Asia pacific markets are projected to be the major consumers of graphene due to high demand of energy and electronic products. Asia-Pacific has major proven reserves for graphene particularly in countries like China and India.
Other regions such as North America is also contributing in low cost production of graphene with latest technology fueling the growth of global graphene market.
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The global Graphene market is competitive with the presence of various small and large players in the market. Multinational companies are dominating the global graphene market in recent years.
CVD Equipment Corporation, Haydale Graphene Industries PLC, First Graphene, XG Sciences Corporation, and Versarien PLC are the prominent players in the global graphene market and are benefited with new production technologies.
CVD Equipment Corporation was founded in 1982 and is headquartered in Central Islip, New York. CVD Equipment Corporation, a leading provider of chemical vapor deposition systems and materials announced that it has completed the purchase of the Company’s planned additional facility, located at 555 North Research Place, Central Islip, NY in 2018.
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