Graphene Market – Market Overview
Graphene is
an allotrope of carbon having a single layer of carbon atoms arranged in
hexagonal lattice form. It is the basic structural element of many other
allotropes of carbon, such as graphite, charcoal, carbon nanotubes and
fullerenes. Graphene is emerging as one of the most promising nanomaterial
because of its unique combination of superb properties, which opens a way for
its exploitation in a wide spectrum of applications ranging from electronics to
optics, sensors, and bio devices. Graphene Market is technically a non-metal but is
often referred to as a quasi-metal due to its properties being like that of a
semi-conducting metal, which enable its application in electronics and energy
sector.
According to
the leading research organizations the global market for electronics products
has grown at an average CAGR of about 13% per year from past five year. Growing
demand for energy storage systems, rust free coating, printed electronics are
some of the major driving factors operating into the market. In addition to
this, increasing spending economic power of middle class population have led
the greater adoption of electronic devices over the past five years. In
addition to this, rapid industrialization fuelling the growth of automotive and
aerospace sectors.
Growing use
of the light weight vehicles in automotive industry is projected to boost
growth of the market which is anticipated to continue in the coming years which
may consolidate graphene demand. Increasing research & development
activities along with growing focus on development of new products and
technological innovation is expected to provide fuel the growth of this market
over the forecast period. On the other hand, global market growth is held back
by increasing environmental concern.
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However, the
high price of manufacturing technology and equipment, along with technical
limitations for commercial production are the major factors restricting the
market growth. As per the study published by Market Research Future on graphene
market, the trend for electronics industry is projected to drive demand for
Graphene in the coming years.
Key
Players:
CVD
Equipment Corporation (US), Vorbeck Materials (US), Graphene NanoChem
(UK), XG Sciences, Inc. (US), Angstron Materials, Inc (US), Graphene
Laboratories, Inc. (US), BGT Materials Limited, Ltd (UK), Graphenea Inc. (US),
Grafoid Inc (North America), Haydale Limited (UK), and Others are some of
the prominent players at the forefront of competition in the
Global Graphene Market and are profiled in MRFR Analysis.
Graphene
Market- Competitive Landscape
The global
graphene is highly matured market driven by flourishing growth in aerospace
& defence industry, along with the flourishing transportation sector.
CVD Equipment Corporation, Vorbeck Materials, Graphene NanoChem, XG Sciences,
Inc., Angstron Materials, Inc, Graphene Laboratories, Inc. are the major
shareholders in this market. Most of these market participants are adopting the
expansion and collaboration tactic of their production capacities to strengthen
their market position. Growing manufacturing industries, and continuous
collaborations and agreements between manufacturers, distributers, and
marketing firms are key factors for the growth of graphene in the global
market. Taking into account these trends, the global Graphene market is likely
to witness considerable competition over the forecast period of 2017-2023.
Industry/
Innovation/ Related News:
August 17,
2016- Angstron Materials, Inc. and Gustav Grolman GmbH & Co KG entered
into a pan-Europe distribution agreement for Angstron’s high performance
graphene products. Angstron is the world’s largest producer of graphene
nanomaterial with a production capacity of over 300 tpa. On the other hand the
Grolman Group operates an international specialty chemical distribution business
from a number of well renowned suppliers. This development is expected to boost
sale of the product in this region.
September
29, 2016- Vorbeck has introduced Vor-flex™ Engineered HNBR Elastomer which
is a Rubber Reinforced with Vor-x® Graphene. It is the first in a new family of
graphene-enhanced, engineered elastomer products. Vor-flex exhibits high
temperature stability, which allows it to serve in some of the most demanding
environments, such as those found in automotive and petrochemical applications.
This is likely to enhance the application scope of the Vorbeck graphene
products.
September
13, 2016- Reliance Industries Ltd, one of Asia’s top petrochemical production
companies, and Vorbeck Materials Corp., a leading producer of graphene and
graphene-based products announced that they have signed a joint development
agreement to develop graphene-enhanced synthetic elastomer products. This may
help Vorbeck to expand its production pfacility Asia Pacific region and gain
the advantage of grwoth in this region.
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