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Growth by Region
Asia Pacific will have highest growth during the period due to increasing use in electronics industry and availability of cheap labor. North America accounted for largest share in the market owing to rise in manufacturing industries and availability of raw materials. Europe will also contribute to global graphene market due to significant investments in R&D of graphene products.
Drivers vs Constraints
The development of automotive and telecom industries have stimulated the demand for graphene. The physical properties of graphene lead to the discovery of innovative products, which increased the demand of graphene. On the other hand, high manufacturing cost of the products hinder the growth of the market. The manufacturing process involves use of toxic chemicals, which result in the release of hazardous waste.
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Industry Structure and Updates
A University of Cambridge spinout focused on commercializing large-scale production of graphene intellectual property (IP) for electronics devices.
Archer exploration announced to develop graphene-based quantum computing tech
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