Graphene Market to Hit US$200 mn to 2024| Thomas Swan & Co. Ltd., XG Sciences, Applied Graphene Materials, Angstron Materials, Haydale, Grafoid Inc. and 10 others

SELLBYVILLE, Del., Oct. 12, 2018 /PRNewswire-PRWeb/ -- Graphene Market in automotive end-user segment accounted for almost 20% of the global industry and will likely to grow with a CAGR of more than 34% during 2017-2024. Increasing product use in automotive & aerospace industries will boost the graphene market development throughout the forecast timeframe. The rising demand for light-weight and energy-efficient vehicles will fuel the industry in coming years as graphene can be used to manufacture fiber reinforced laminates that can act as a substitute for conventional automotive component materials.

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The major end-user industries in the graphene market include aerospace & defense, automotive, electronics, energy, and healthcare. Aerospace & defense is an important end-user which will hold around 15% of the total industry revenue share in 2024. The segment will gain by around 35% CAGR in the forecast spell owing to increasing product use in the manufacture of aircraft components. Healthcare segment is also a significant end-user and will generate revenue above USD 20 million by 2024. Growing product demand for manufacturing biosensors, drug delivery systems, tissue engineering, and cancer treatment will fuel this segment's growth in coming years.

Rising demand for lighter, faster, and fuel-efficient aircrafts will also boost the graphene market development as the product-based composites are being increasingly used for manufacturing aircraft components. Fiber-reinforced laminates, electrically conductive composites & coatings, epoxy adhesives, advanced coatings, and electrical packaging are some product-based materials that are becoming popular in the aerospace industry. The number of large commercial aircrafts is expected to rise from 1,430 units in 2016 to more than 1,680 units in 2024. This will influence the graphene market positively throughout the forecast timeframe.

Browse key Graphene Market insights from the 2017 report spread across 85 pages offering 92 market data tables as well as 11 figures & charts along with the table of contents:
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Considering the product type-based market segmentation, graphene oxide is expected to be the crucial segment in global graphene market in the forecast period. It is likely to contribute to about 40% of the overall market revenue in 2024 and will be the fastest growing segment. The rise is attributed to its wide usage in biotechnology, electronic equipment, solar cells, etc.

APAC belt emerges as one of most profitable regions for graphene market expansion:

While APAC is undoubtedly one of the ripe regions for investing in graphene industry, the globally developed continent, North America, stands to serve as a lucrative avenue as well. The region, as per statistics, has been forecast to cover more than 40% of the overall graphene market share by 2024. The continent is an omnipotent as far as the development of the electronics, biotechnology, aerospace, and automotive sectors are considered. Besides, the manufacturing sector across the continent has been undergoing a change lately, with expert technological advances proliferating the same.

Top key players mentioned in this graphene market research include Thomas Swan & Co. Ltd., XG Sciences, Applied Graphene Materials, Angstron Materials, Haydale, Grafoid Inc., AMO GmbH, Applied Nanotech, Inc., Graphenea, Nanjing XFNANO Materials Tech Co.,Ltd, Advanced Graphene Products, Xiamen Knano Graphene Technology Corporation Limited and ACS Materials LLC.

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