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CHEMICALS AND ADVANCED MATERIALS

Graphene Oxide Market Segmentation by Type (Powder-based and Solution-based); by Application (Composites, Paints, Coatings, & Inks, Energy Storage & Conversions, Electronics & Photonics, Mask & Other PPEs, Catalyst, Rubber, Tires & Other Elastomers, and Others); and by End-Use Industry – Global Demand Analysis & Opportunity Outlook 2029

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Extensive insights into the Growth of Graphene Oxide Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • In April 2021, NanoXplore Inc. formed a new joint venture with Martinrea International Inc., called as VoltaXplore Inc., to serve the electric transportation and grid storage industry.
  • In February 2020, Comerio Ercole Spa, a rubber machinery manufacturer, in association with a supplier of graphene nanoplatelet-based products, Directa Plus S.p.A, announced that they had entered into an agreement for research and developments that would focus on developing tire mixing techniques and technologies for processing formulations containing graphene.

Global Graphene Oxide Market Highlights 2020-2029

The global graphene oxide market garnered a revenue of USD 81.0 Million in 2020 and is estimated to garner USD 854.7 Million by the end of 2029 by growing at a CAGR of 30.3% over the forecast period i.e., 2021-2029. The growing application of graphene oxide in a diverse range of end-use sectors, including automotive & transportation, electronics, aerospace & defense, construction, textile, and healthcare, is one of the major factors projected to drive the market growth over the coming years. Moreover, owing to its antimicrobial and antiviral efficacy, graphene has triggered a vast interest amidst the medical fraternity in exploring its applications in the prevention, detection, and treatment of COVID-19. Furthermore, companies in the graphene industry have developed prophylactic or protective face masks by utilizing graphene-enhanced polymers such as non-woven textiles modified with graphene materials, which is also anticipated to create numerous opportunities for market growth. The masks produced with graphene displayed anti-bacterial efficiency of around 80%. Graphene is a disruptive technology that could open up new scope and even replace existing ones. The unique properties of graphene allow ground-breaking biomedical applications such as targeted drug delivery, improved brain penetration, DIY health-testing kits, and smart implants among others.

Global Graphene Oxide MarketGlobal Graphene Oxide Market Segmentation Regional Synopsis

Regionally, the global graphene oxide market is segmented into five major regions which includes North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. Among the markets in these regions, the North America graphene oxide market is estimated to hold leading market share throughout the forecast period and further attain a revenue of USD 336.5 Million by the end of 2029, up from USD 33.2 Million in 2020. The market in the region is further anticipated to grow with a CAGR of 29.7% during the forecast period. The growth of the market in the region is primarily driven by the U.S., backed by the presence of several end user industries, such as automotive, healthcare, and others, which use graphene for various purposes. As per the International Trade Administration, United States was the world's second-largest market for vehicle sales and production. In the year 2018, sales of light vehicle in the U.S. reached 17.2 million units, making it one of the largest automotive markets in the world. Besides, the US government's growing initiatives to upgrade the healthcare sector after the COVID-19 outbreak are also expected to favor the market's growth. CLICK TO DOWNLOAD SAMPLE REPORT

Moreover, the market in the Asia Pacific is projected to hold the second leading stance by garnering a revenue of USD 284.1 Million by the end of 2029 owing to the presence of large number of industries, such as, automotive, electronics, and aerospace among others, that use graphene oxide as their raw material. In Asia Pacific region, China is projected to generate significant growth opportunities for the market growth by attaining the largest revenue of USD 59.9 Million by the end of 2029. The market in the country is also anticipated to hold the largest market share of 21.09% by the end of 2029. Alternatively, the market in Singapore is anticipated to grow with the highest CAGR of 34.5% during the forecast period.

Growth Drivers and Challenges Impacting the Growth of the Global Graphene Oxide Market

Growth Drivers

  • Increasing Applications of Graphene Oxide in the End-Use Industries
  • Growing Advancements in Chemical Research

Challenges

  • High Production Cost & Difficulties in Mass Production

Global Graphene Oxide Market Segmentation Synopsis

The global graphene oxide market is segmented by type into powder-based and solution-based, out of which, the solution-based segment is anticipated to grow with the highest CAGR of 30.8% during the forecast period. Further, based on application, the market is segmented into composites, paints, coatings & inks, energy storage & conversions, electronics & photonics, mask & other PPEs, catalyst, rubber, tires & other elastomers, and others. Amongst these, the energy storage & conversions segment is anticipated to hold the largest market share throughout the forecast period and garner a revenue of USD 140 Million by the end of 2029. Alternatively, the electronics & photonics segment is anticipated to grow with a significant CAGR of 32.0% during the forecast period. Furthermore, the market is segmented on the basis of end use industry into automotive & transportation, electronics, aerospace & defense, construction, textile, healthcare, and others, out of which, the electronics segment is anticipated to hold the largest market revenue of USD 161.2 Million by the end of 2029.

Global Graphene Oxide Market

Key Players Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global graphene oxide market that are included in our report are NanoXplore Inc., Global Graphene Group, Graphenea, Inc., Avanzare Innovacion Tecnologica S.L., Directa Plus S.p.A., Cheap Tubes, BGT Materials Limited, The Sixth Element Materials Technology Co. Ltd., Garmor Tech, ACS Material, and others.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
  • The report includes detailed company profiles of the major players dominating the market.
  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

FREQUENTLY ASKED QUESTIONS

  1. Market Definition
    1. Market Definition
    2. Market Segmentation
  2. Assumptions and Acronyms
  3. Research Methodology
  4. Analyst Review
  5. Executive Summary- Global Graphene Oxide Market
  6. Market Lineage Outlook – Global Graphene Market
  7. Industry Value Chain Analysis
  8. Analysis of Market Dynamics
    1. Drivers
    2. Restraints
    3. Opportunities
    4. Trends
  9. Regulatory and Standards Landscape
  10. Impact of COVID-19 on the Graphene Oxide Market
  11. Technology Outlook
  12. Competitive Structure
    1. NanoXplore Inc.
    2. Global Graphene Group
    3. Graphenea, Inc.
    4. Avanzare Innovacion Tecnologica S.L.
    5. Directa Plus S.p.A.
    6. Cheap Tubes
    7. BGT Materials Limited
    8. The Sixth Element Materials Technology Co. Ltd.
    9. Garmor Tech
    10. ACS Material
  13. Global Graphene Oxide Market Outlook
    1. Global Graphene Oxide Market Segmentation Analysis 2020-2029
      1. By Type, 2020-2029F (in USD Million) (Tonnes)
      2. By Application, 2020-2029F (in USD Million) (Tonnes)
      3. By End-User, 2020-2029F (in USD Million) (Tonnes)
      4. By Region, 2020-2029F (in USD Million) (Tonnes)
        1. North America, 2020-2029F (in USD Million) (Tonnes)
        2. Europe, 2020-2029F (in USD Million) (Tonnes)
        3. Asia Pacific, 2020-2029F (in USD Million) (Tonnes)
        4. Latin America, 2020-2029F (in USD Million) (Tonnes)
        5. Middle East & Africa, 2020-2029F (in USD Million) (Tonnes)
  14. North America Graphene Oxide Market Outlook
    1. North America Graphene Oxide Market Segmentation Analysis 2020-2029
      1. By Type, 2020-2029F (in USD Million) (Tonnes)
      2. By Application, 2020-2029F (in USD Million) (Tonnes)
      3. By End-User, 2020-2029F (in USD Million) (Tonnes)
      4. By Country, 2020-2029F (in USD Million) (Tonnes)
  15. Europe Graphene Oxide Market Outlook
    1. Europe Graphene Oxide Market Segmentation Analysis 2020-2029
      1. By Type, 2020-2029F (in USD Million) (Tonnes)
      2. By Application, 2020-2029F (in USD Million) (Tonnes)
      3. By End-User, 2020-2029F (in USD Million) (Tonnes)
      4. By Country, 2020-2029F (in USD Million) (Tonnes)
  16. Asia Pacific Graphene Oxide Market Outlook
    1. Asia Pacific Graphene Oxide Market Segmentation Analysis 2020-2029
      1. By Type, 2020-2029F (in USD Million) (Tonnes)
      2. By Application, 2020-2029F (in USD Million) (Tonnes)
      3. By End-User, 2020-2029F (in USD Million) (Tonnes)
      4. By Country, 2020-2029F (in USD Million) (Tonnes)
  17. Latin America Graphene Oxide Market Outlook
    1. Latin America Graphene Oxide Market Segmentation Analysis 2020-2029
      1. By Type, 2020-2029F (in USD Million) (Tonnes)
      2. By Application, 2020-2029F (in USD Million) (Tonnes)
      3. By End-User, 2020-2029F (in USD Million) (Tonnes)
      4. By Country, 2020-2029F (in USD Million) (Tonnes)
  18. Middle East & Africa Graphene Oxide Market Outlook
    1. Middle East & Africa Graphene Oxide Market Segmentation Analysis 2020-2029
      1. By Type, 2020-2029F (in USD Million) (Tonnes)
      2. By Application, 2020-2029F (in USD Million) (Tonnes)
      3. By End-User, 2020-2029F (in USD Million) (Tonnes)
      4. By Country, 2020-2029F (in USD Million) (Tonnes)

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