DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/nhj8fn/graphene_market) has announced the addition of the "Graphene Market by Type (Graphene Oxide (GO), Graphene Nanoplatelets (GNP), and Others), by Application (Electronics, Composites, Energy, Coatings, Sensors, Catalyst and Others), by Region - Global Trends and Forecasts to 2020" report to their offering.
The global graphene market is expected to reach USD 278.47 Million by 2020, with a growth rate of 42.8% from 2015 to 2020.
The graphene market is expected to grow at a firm annualized growth of 40% between 2015 and 2020. Factors such as fire resistant, flexibility, non-toxicity, pressure resistant, tensile strength fuel the growth of graphene in various applications globally. The growing demand from these applications such as display & touch screens energy storage in Lithium ion (Li-ion) batteries, rust free coating, printed electronics, and conductive inks have led to increase in the consumption of graphene in the global advanced materials market.
The increasing number of patents filed for graphene-based applications by global players, growing manufacturing industries, and continuous collaborative agreements between research institutes, universities, and companies are key factors for the growth of graphene in the global market.
North America was the largest market for graphene, in 2014. Among all the countries, the U.S. dominates the graphene market in 2014. The growing manufacturing industries, increasing collaborations between research institutes/universities and companies, and increasing demand of graphene-based composite and coating materials are the key growth drivers for graphene in this region.
The graphene market is in growth stage in countries such as China, India, Japan, Canada, Germany, Spain, the U.K. and France, among others. There are a large number of players in the graphene market. The key players are focused on initiating collaborative agreements, expanding their operations, launching new products in the emerging markets, and enhancing their portfolio to provide cost-efficient and high-quality graphene-based materials to various applications such as catalysts, coatings, composites, electronics, energy, and sensors, among others.
The major players of the graphene market include CVD Equipment Corporation (U.S.), Graphene NanoChem Plc. (Malaysia), Graphenea SA (Spain), Grafoid Inc. (Canada), Haydale Graphene Industries Plc (U.K.), Group NanoXplore Inc. (Canada), Thomas Swan & Co., Ltd. (U.K.), Vorbeck Materials (U.S.), 2D Carbon Tech Inc. Ltd. (China), and XG Sciences Inc. (U.S.), among others.
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