Graphene Market Size Is Likely to Be Worth More Than Usd 400 Million by 2023

Graphene market size is likely to be worth more than USD 400 million by 2023. Production capacity is expected to exceed over 9 kilo tons by 2017.

Electronics & optoelectronics was the largest application and accounted for more than 25% of the total graphene market size in 2015. Graphene nanocomposites market size accounted for over 20% of the total volume and is likely to witness significant gains over the forecast period. Other applications include energy (oil & gas), aerospace, automotive, paints & coatings, academic research and sensors.

North America graphene market share was the largest regional segment and is likely to continue dominance over the forecast period at significant growth rates. Factors such as growth in manufacturing industries, nanocomposites demand & coating materials, and increasing number of research tie-ups between companies & institutes are likely to drive regional demand. Asia Pacific, driven by China and India, graphene market share is likely to grow at the highest rate over the forecast period.

Increasing application scope in electronic industry is likely to drive demand. Properties such as flexibility, wide range optical transmittance, electrical & thermal conductivity and excellent mechanical strength are expected to fuel growth in existing and potential electronics applications. These applications include printed & flexible circuitry, advanced batteries, supercapacitors, ultrafast transistors & lasers, photodetectors and touch screens.

Request Sample Pages of this report:

https://www.gminsights.com/request-sample/detail/233

The industry is still at infancy stage and graphene market price trend is likely to drop with increase in production capacity. Sheets manufactured through CVD (chemical vapor deposition) on substrates are expensive and several companies offer this product for R&D purposes. Graphenea, a Spain-based company, offers monolayer, bilayer and trilayer sheets based on substrates such as silicon,...