APAC Graphene Market is anticipated to register a CAGR of more than 34% till 2024 owing to the extensive presence of graphene companies, electronics companies, graphite mines, and even renowned automakers. Electronic applications such as mobile memory chip production, touch screens, semiconductors, and computer circuitry, extensively deploy graphene, thereby augmenting the reach of global graphene industry in electronics, especially across the Asia Pacific. The region, as per analysts, has been experiencing a profound growth in the electronics sector, which is bound to act as the principal driver for the development of graphene industry. Also, the extensive R&D activities being conducted across Japan, South Korea, India, and China, in addition to the presence of huge graphite mines in China, will serve to increase the scope of APAC graphene market.
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Geographically, North American region is expected to lead the market with 40% share of the global market revenue by 2024. Mounting defense expenditure in the U.S. in addition to the advances in the automotive and electronics sectors will complement the graphene market growth. The regional market is set to grow with CAGR over 35% over the forecast timeframe owing to the manufacturing expertise and availability of raw materials in North America.
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.
Graphene market is slated to extensively proliferate the electronics sector in the ensuing years, given its numerous properties. The substance is also likely to penetrate the energy storage sector. Prominent graphene applications that may gain precedence in the following years include wearable technology, lightweight aircraft, durable, partly transparent, and flexible cell phones, electric car, and more. The sector is likely to emerge as one of most opportunistic avenues for investors, given the extensive scope of the electronics industry. Statistics state that electronics was one of the most dynamic end-user segments of graphene market in 2016, having held more than 30% of the overall share in the year, subject to the product’s strength & conductivity. Electronic devices mostly incorporate graphene nanoplates and graphene oxide. The former is considered as one of the most vital products encompassed by graphene industry, since it exhibits characteristics such as thermal conductivity, surface hardness, stiffness, electrical conductivity, etc.
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Graphene Market growth will be propelled by rising trend of using graphene in aerospace & automotive industries. In the recent years, graphene has been widely accepted in production of fiber laminates acting as an alternative for the traditional automotive materials. The intensifying demand for energy-efficient and light-weight vehicles will fuel the product market by 2024. Conductive composites, electrical packaging, epoxy adhesives, fiber laminates and advanced coatings are some of the graphene-based materials gaining popularity in aerospace sector in the recent years. The large commercial airplane number is probable to rise over 1,680 units by the end of 2024, from less than 1,450 units as recorded in 2016. These traits present brighter growth aspects for the overall graphene market over the forecast period.
Major Point From Table Of Content:
Chapter 3. Graphene Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distributor channel analysis
3.4. Industry impact forces
3.4.1. Growth drivers
126.96.36.199. Increasing investment in the research and development of graphene
188.8.131.52. Increasing use of graphene in automotive & aerospace industries
3.4.2. Industry pitfalls & challenges
184.108.40.206. High manufacturing cost of graphene
3.5. Growth potential analysis
3.6. Technology trends
3.7. Regulatory trends
3.8. Porter’s analysis
3.9. Company market share analysis, 2016
3.9.1. Strategic landscape
3.10. PESTEL analysis
3.11. Regional price trends
3.11.1. Cost structure analysis
3.11.2. Raw material trends
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