Increasing application of Bilayer Graphene in electronics industry and growing demand to improve automotive fuel efficiency are key factors driving market revenue growth
Bilayer Graphene Market Size – USD 636.0 Million in 2020, Growth – at a CAGR of 18.5%, Trends – Increasing investment in RD
The global Bilayer Graphene Market size is expected to reach USD 2,495.4 Million in 2028 and register a revenue CAGR of 18.5% over the forecast period, according to the latest report by Reports and Data. Factors such as increasing application in products, such as sensors, semiconductors, batteries, electronics displays, and medicine among others market revenue growth to a significant extent. Bilayer Graphene has characteristics such as high mechanical robustness, lubricating properties, barrier properties to fluids, electrical conductivity, and thermal conductivity, which offer a potential to substitute existing materials in a variety of applications and these are essential and required in a number of existing as well as expanding areas of application.
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Top Companies: CVD Equipment Corporation, Bilayer Graphenea, Bilayer Graphene NanoChem PLC, 2D Carbon Bilayer Graphene Material Co. Ltd., Haydale Bilayer Graphene Industries PLC, NanoXplore Inc., Directa Plus SPA, Ningbo Moxi Technology Co. Ltd., Global Bilayer Graphene Group, and Grafoid Inc.
Further Key Finding from the Report Suggestion:
- By product type, Bilayer Graphene nanoplatelets segment accounted for a significant revenue share in 2020, attributed to the extensive application of Bilayer Graphene nanoparticles in polymeric materials like composites, paints and coatings, rubber, thermoplastic elastomers, and adhesives owing to the high electrical conductivity, better thermal conductivity, strength, and enhanced barrier characteristics.
- By industry vertical, electronics segment contributed to largest revenue share in 2020 and is expected to maintain its dominance among other industry verticals throughout the forecast period. This is owing to increasing demand for Bilayer Graphene from telecommunication systems, optoelectronics, and defense electronics systems. Electronics sector is anticipated to observe significant growth in emerging markets like China, India, Malaysia, and Taiwan due to the increase in manufacturing activities in these countries and growing trend of digital transformation.
- By application, composites segment is expected to grow at a rapid rate over forecast period. Bilayer Graphene-based composites can be used to weatherproof residential and commercial buildings or to produce food packaging materials to prevent transfer of water and oxygen that can spoil food. Also, these composites hold immense potential to be used to manufacture sporting goods used in tennis, cycling, skiing, and even sports car in the near future.
- Market in North America accounted for larges revenue share in 2020, attributed to. presence of several leading players in the region with intense research and development capabilities, which is expected to develop new growth opportunities in the forecast period. The U.S. is the largest consumer of Bilayer Graphene in across the globe. Wide ranging patent activities are adopted by market players in the US with several industry associations to develop Bilayer Graphene for use in various potential applications.
- In July 2021, Mason Graphite Inc. made an announcement about the introduction of Black Swan Bilayer Graphene Inc. (a joint venture between Mason Graphite Inc. and Thomas Swan Co. Limited). Through Black Swan, Mason Graphite also declared acquisition of strategic assets pertaining to Thomas Swan Co. Limited’s patented Bilayer Graphene processing technology.
Upcoming Trends in Bilayer Graphene Market:
Bilayer Graphene is a material that is known for its exceptional mechanical, electrical, and thermal properties. As research continues to explore the potential of Bilayer Graphene, here are some upcoming trends in the field:
- Bilayer Graphene-based sensors: Bilayer Graphene's high electrical conductivity and sensitivity to changes in the environment make it an excellent material for sensors. Researchers are exploring the use of Bilayer Graphene-based sensors for a wide range of applications, including healthcare, environmental monitoring, and smart homes.
- Bilayer Graphene-based batteries: Bilayer Graphene has the potential to improve battery performance by increasing energy density, reducing charging time, and improving safety. Bilayer Graphene-based batteries could be used in electric vehicles, smartphones, and other electronics.
- Bilayer Graphene in 3D printing: 3D printing is a rapidly growing technology, and Bilayer Graphene has the potential to improve the properties of printed objects. Bilayer Graphene can improve the strength, conductivity, and durability of 3D printed materials, making them suitable for a wider range of applications.
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The global Bilayer Graphene market is segmented into: Technology Outlook (Volume, Kilo Tons; Revenue, USD Million; 2018-2028)
- Bilayer Graphene Exfoliation
- Chemical Vapor Deposition
Product Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2018-2028)
- Bilayer Graphene Oxide
- Bilayer Graphene Nanoplatelets
- Monolayer Bilayer Graphene
- Bilayer Bilayer Graphene
Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2018-2028)
- Energy Storage
- Coatings Inks
Industry Vertical Outlook (Volume, Kilo Tons; Revenue, USD Million; 2018-2028)
- Military Defense
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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