The report “Graphene Coating Market by Product Type (Solvent-based and Water-based), Application (Corrosion-resistant Coating, Scratch-resistant Coating, Antifouling Coating, Flame-retardant Coating), End-use industry, and Region – Global Forecast to 2028″, is estimated at USD 137 million in 2023 and is projected to reach USD 496 million by 2028, at a CAGR of 29.4% from 2023 to 2028. The expansion of this market can be ascribed to the rising demand stemming from various applications such as corrosion-resistant, scratch-resistant, antifouling, flame-retardant and others. Additionally, there is a growing appetite for graphene coating in the automotive end use industry, which is serving as a driving force for the global growth of graphene coating.
Browse
• 165 Market data Tables
• 47 Figures
• 203 Pages and in-depth TOC on “Graphene Coating Market – Global Forecast to 2028”
Some of the prominent key players are:
· NanoXplore Inc. (Canada)
· Vorbeck Materials Corp (US)
· Universal Matter (Canada)
· Xiamen Knano Graphene Technology Co., Ltd (China)
· Graphenea Inc. (Spain)
· Grafoid Inc. (Canada)
· KISHO Corporation Co., Ltd. (Japan)
· Haydale Graphene Industries PLC (UK)
· Directa Plus S.p.A. (UK)
· Petroliam Nasional Berhad (PETRONAS) (Malaysia)
· Global Graphene Group (US)
· Deyang Encarbon Technology Co., Ltd. (China)
Drivers: Graphene coating exhibit a various remarkable property.
Graphene coatings exhibit an array of remarkable properties that set them apart as a groundbreaking innovation in materials science. These exceptional characteristics make graphene coatings highly sought after for a wide range of applications.
Graphene, a single layer of carbon atoms arranged in a hexagonal lattice, has captured the imagination of scientists and engineers worldwide for its extraordinary properties. When applied as a coating to various surfaces, graphene imparts these unique qualities, opening the door to a new era of material engineering.
Exceptional Strength: Graphene is renowned for its incredible strength. It is approximately 200 times stronger than steel, yet incredibly lightweight, Superb Electrical Conductivity: Graphene is an outstanding conductor of electricity. As a coating, it enhances the electrical properties of substrates, making it indispensable in electronics. Graphene boasts excellent thermal conductivity properties, making it highly efficient at dissipating heat. Impermeability: Graphene is impermeable to gases and liquids, making it an ideal choice for creating barriers. Graphene’s transparency is a remarkable feature. When used as a coating.
Automotive segment to be the fastest growing end use segment between 2023 to 2028.
The automotive is projected to experience the highest Compound Annual Growth Rate (CAGR) during the forecasted period. In contrast, automotive end use segment is expected to hold the largest market share in 2022, in terms of value. Graphene coating is in considerable demand, especially in the automotive industry. It finds applications in the coating of the different parts of cars etc. leveraging their unique properties to enhance performance, durability, and overall efficiency.
Asia Pacific holds the maximum share along with the maximum CAGR in terms of both, volume, and value.
The Asia-Pacific region took a commanding position in the global graphene coating market in 2022, securing the largest market share. Furthermore, from 2023 to 2028, this region is expected to experience the greatest Compound Annual Growth Rate (CAGR). Because of the large and quickly growing population in the Asia-Pacific region, graphene coating has found a home in this vibrant and promising market. This region is home to almost 60% of the global population, thus it is not surprising that graphene coating is used so widely in so many different applications. The spectacular economic growth of the region has also contributed to the development of industrial applications and infrastructure, as well as the increased demand for graphene coating s across a variety of industries, including automotive, aerospace, electronics, marine, medical and construction industry. The Asia-Pacific region’s dynamic customer base and governmental backing for the industries are key factors in satisfying the world’s demand for graphene coating.