Graphene Coating Market
PUBLISHED: 2024 ID: SMRC25284
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Graphene Coating Market

Graphene Coating Market Forecasts to 2030 - Global Analysis By Product Type (Reduced Graphene Oxide, Graphene Nanoplatelets, Monolayer Graphene, Bulk Graphene, Graphene Oxide and Other Product Types), Solution Type, Coating, Method, Application, End User and By Geography

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4.8 (57 reviews)
Published: 2024 ID: SMRC25284

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Graphene Coating Market is accounted for $137.0 million in 2023 and is expected to reach $832.2 million by 2030 growing at a CAGR of 29.3% during the forecast period. Graphene coating refers to a thin layer of graphene, a single layer of carbon atoms arranged in a hexagonal lattice, applied to various surfaces. It is known for its exceptional strength, conductivity, and flexibility, graphene coatings enhance materials' properties. Common applications include anti-corrosion protection, improved electrical conductivity, and efficient thermal management in industries such as automotive, electronics, and aerospace. Graphene coatings contribute to advancements in material science, providing innovative solutions for diverse substrates and functionalities.

Market Dynamics: 

Driver

Advancements in manufacturing techniques

Advancements in the market include innovative manufacturing techniques such as scalable production methods, chemical vapor deposition (CVD) for precise layering, and cost-effective roll-to-roll processes. These techniques enable large-scale production, ensuring widespread adoption across industries. Additionally, developments in functionalized graphene formulations enhance specific properties like corrosion resistance, conductivity, and thermal management. These advancements drive the growth of the market during the forecast period.

Restraint:

Competition from alternatives

The market faces competition from alternative materials such as traditional corrosion-resistant coatings, non-graphene conductive materials, and conventional thermal management solutions. While graphene offers exceptional properties, alternatives may still be preferred for cost considerations or well-established industry practices. Balancing the performance benefits of graphene with cost-effectiveness remains a challenge, influencing the competitive landscape within the market as industries weigh the advantages of graphene coatings against established alternatives.

Opportunity:

Growing demand for anti-corrosion coatings

Graphene based anti-corrosion coatings offer superior protection to metal surfaces, extending the longevity of structures and equipment across industries such as automotive, marine, and infrastructure. With its impermeable barrier and robust adhesion properties, graphene coatings effectively mitigate corrosion, reducing maintenance costs and environmental impact. As industries increasingly prioritize durability and sustainability, the market is poised for continued growth, fuelled by the escalating need for advanced anti-corrosion solutions.

Threat:

High production costs

The intricate processes involved in synthesizing and applying graphene contribute to elevated manufacturing expenses. Strategies focused on improving production efficiency, scaling up manufacturing capabilities, and exploring cost-effective synthesis methods are crucial for mitigating these challenges and making graphene coatings more economically viable for various industries. The cost-intensive nature of production restricts widespread adoption, hindering market growth.

Covid-19 Impact: 

The COVID-19 pandemic has impacted the market, causing disruptions in the supply chain and delayed project timelines. With restrictions on industrial activities and a slowdown in manufacturing, the demand for graphene coatings faced challenges. However, the market is expected to recover as industries resume operations, with an increasing focus on antimicrobial coatings for hygiene and the potential for graphene coatings in medical applications, driving future growth in a post-pandemic landscape.

The thermal management coatings segment is expected to be the largest during the forecast period

The thermal management coatings segment is expected to be the largest during the forecast period. These coatings are applied to surfaces in electronics, automotive, and aerospace industries to enhance heat dissipation, ensuring optimal performance and longevity of components. Graphene's superior ability to conduct and dissipate heat makes these coatings valuable for managing thermal issues in electronic devices, automotive systems, and various industrial applications, contributing to increased energy efficiency and reliability.

The automotive segment is expected to have the highest CAGR during the forecast period

The automotive segment is expected to have the highest CAGR during the forecast period. These coatings contribute to the durability and efficiency of automotive components, offering solutions for anti-corrosion protection on metal surfaces and improved performance in electronic systems. Graphene's lightweight and durable properties make it an attractive choice for enhancing fuel efficiency and overall performance in the automotive industry, marking a significant advancement in coating technologies for vehicles.

Region with largest share:

North America is projected to hold the largest market share during the forecast period owing to increasing demand across diverse industries. Applications in automotive, electronics, and aerospace sectors are prominent. The coatings, known for their anti-corrosion, conductive, and thermal management properties, contribute to enhanced product performance. Ongoing research and development activities in the region, coupled with a focus on sustainable and high-performance materials, are fueling the adoption of graphene coatings.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period. The automotive sector adopts graphene coatings for corrosion resistance and enhanced conductivity, while the electronics industry benefits from its application in touchscreens and electronic components. With a rising emphasis on sustainable and high-performance materials, the market is poised for continued expansion, supported by advancements in application methods and increasing awareness of graphene's unique properties.

Key players in the market

Some of the key players in Graphene Coating market include Applied Graphene Materials, Haydale Graphene Industries Plc, Vorbeck Materials Corp, NanoXplore Inc., Directa Plus S.p.A. , Universal Matter, Xiamen Knano Graphene Technology Co., Ltd, Grafoid Inc., KISHO Corporation Co.,Ltd., ACS Material, Graphenea Inc., XG Sciences, Advance Industrial Coatings LLC, Innova Design and AixGraph.

Key Developments:

In February 2023, Universal Matter has agreed to acquire all shares of Applied Graphene Materials UK Limited and Applied Graphene Materials LLC, the main operating subsidiaries of Applied Graphene Materials plc, for a total consideration of USD 1.3 million. This acquisition will significantly enhance Universal Matter’s dispersion and application capabilities for advanced paints and coatings.

Product Types Covered:
• Reduced Graphene Oxide
• Graphene Nanoplatelets
• Monolayer Graphene
• Bulk Graphene
• Graphene Oxide
• Other Product Types

Solution Types Covered:
• Solvent-Based
• Water-Based 

Coatings Covered:
• Anti-Corrosion Coatings
• Thermal Management Coatings
• Barrier Coatings
• Conductive Coatings 

Methods Covered:
• Chemical Vapor Deposition (CVD)
• Liquid Phase Exfoliation (LPE)
• Chemical Reduction of Graphene Oxide (GO)
• Plasma-Enhanced Chemical Vapor Deposition (PECVD)
• Other Methods 

Applications Covered:
• Pollution Adsorption Coatings
• Scratch Resistant coatings
• Flame Retardant coatings
• Anti Fouling Coatings
• Corrosion Resistant Coatings
• Other Applications 

End Users Covered:
• Automotive
• Aerospace
• Electronics
• Marine
• Industrial
• Other End Users 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary      
        
2 Preface       
 2.1 Abstract      
 2.2 Stake Holders     
 2.3 Research Scope     
 2.4 Research Methodology    
  2.4.1 Data Mining    
  2.4.2 Data Analysis    
  2.4.3 Data Validation    
  2.4.4 Research Approach    
 2.5 Research Sources     
  2.5.1 Primary Research Sources   
  2.5.2 Secondary Research Sources   
  2.5.3 Assumptions    
        
3 Market Trend Analysis     
 3.1 Introduction     
 3.2 Drivers      
 3.3 Restraints     
 3.4 Opportunities     
 3.5 Threats      
 3.6 Product Analysis     
 3.7 Application Analysis    
 3.8 End User Analysis     
 3.9 Emerging Markets     
 3.10 Impact of Covid-19     
        
4 Porters Five Force Analysis     
 4.1 Bargaining power of suppliers    
 4.2 Bargaining power of buyers    
 4.3 Threat of substitutes    
 4.4 Threat of new entrants    
 4.5 Competitive rivalry     
        
5 Global Graphene Coating Market, By Product Type   
 5.1 Introduction     
 5.2 Reduced Graphene Oxide    
 5.3 Graphene Nanoplatelets    
 5.4 Monolayer Graphene    
 5.5 Bulk Graphene     
 5.6 Graphene Oxide     
 5.7 Other Product Types    
        
6 Global Graphene Coating Market, By Solution Type   
 6.1 Introduction     
 6.2 Solvent-Based     
 6.3 Water-Based     
        
7 Global Graphene Coating Market, By Coating   
 7.1 Introduction     
 7.2 Anti-Corrosion Coatings    
 7.3 Thermal Management Coatings   
 7.4 Barrier Coatings     
 7.5 Conductive Coatings    
        
8 Global Graphene Coating Market, By Method   
 8.1 Introduction     
 8.2 Chemical Vapor Deposition (CVD)   
 8.3 Liquid Phase Exfoliation (LPE)    
 8.4 Chemical Reduction of Graphene Oxide (GO)  
 8.5 Plasma-Enhanced Chemical Vapor Deposition (PECVD) 
 8.6 Other Methods     
        
9 Global Graphene Coating Market, By Application   
 9.1 Introduction     
 9.2 Pollution Adsorption Coatings    
 9.3 Scratch Resistant coatings    
 9.4 Flame Retardant coatings    
 9.5 Anti Fouling Coatings    
 9.6 Corrosion Resistant Coatings    
 9.7 Other Applications     
        
10 Global Graphene Coating Market, By End User   
 10.1 Introduction     
 10.2 Automotive     
 10.3 Aerospace     
 10.4 Electronics     
 10.5 Marine      
 10.6 Industrial      
 10.7 Other End Users     
        
11 Global Graphene Coating Market, By Geography   
 11.1 Introduction     
 11.2 North America     
  11.2.1 US     
  11.2.2 Canada     
  11.2.3 Mexico     
 11.3 Europe      
  11.3.1 Germany     
  11.3.2 UK     
  11.3.3 Italy     
  11.3.4 France     
  11.3.5 Spain     
  11.3.6 Rest of Europe    
 11.4 Asia Pacific     
  11.4.1 Japan     
  11.4.2 China     
  11.4.3 India     
  11.4.4 Australia     
  11.4.5 New Zealand    
  11.4.6 South Korea    
  11.4.7 Rest of Asia Pacific    
 11.5 South America     
  11.5.1 Argentina    
  11.5.2 Brazil     
  11.5.3 Chile     
  11.5.4 Rest of South America   
 11.6 Middle East & Africa    
  11.6.1 Saudi Arabia    
  11.6.2 UAE     
  11.6.3 Qatar     
  11.6.4 South Africa    
  11.6.5 Rest of Middle East & Africa   
        
12 Key Developments      
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures 
 12.2 Acquisitions & Mergers    
 12.3 New Product Launch    
 12.4 Expansions     
 12.5 Other Key Strategies    
        
13 Company Profiling      
 13.1 Applied Graphene Materials    
 13.2 Haydale Graphene Industries Plc   
 13.3 Vorbeck Materials Corp    
 13.4 NanoXplore Inc.     
 13.5 Directa Plus S.p.A.      
 13.6 Universal Matter     
 13.7 Xiamen Knano Graphene Technology Co., Ltd  
 13.8 Grafoid Inc.     
 13.9 KISHO Corporation Co.,Ltd.    
 13.10 ACS Material     
 13.11 Graphenea Inc.     
 13.12 XG Sciences     
 13.13 Advance Industrial Coatings LLC   
 13.14 Innova Design     
 13.15 AixGraph      
        
List of Tables       
1 Global Graphene Coating Market Outlook, By Region (2021-2030) ($MN) 
2 Global Graphene Coating Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Graphene Coating Market Outlook, By Reduced Graphene Oxide (2021-2030) ($MN)
4 Global Graphene Coating Market Outlook, By Graphene Nanoplatelets (2021-2030) ($MN)
5 Global Graphene Coating Market Outlook, By Monolayer Graphene (2021-2030) ($MN)
6 Global Graphene Coating Market Outlook, By Bulk Graphene (2021-2030) ($MN)
7 Global Graphene Coating Market Outlook, By Graphene Oxide (2021-2030) ($MN)
8 Global Graphene Coating Market Outlook, By Other Product Types (2021-2030) ($MN)
9 Global Graphene Coating Market Outlook, By Solution Type (2021-2030) ($MN)
10 Global Graphene Coating Market Outlook, By Solvent-Based (2021-2030) ($MN)
11 Global Graphene Coating Market Outlook, By Water-Based (2021-2030) ($MN)
12 Global Graphene Coating Market Outlook, By Coating (2021-2030) ($MN) 
13 Global Graphene Coating Market Outlook, By Anti-Corrosion Coatings (2021-2030) ($MN)
14 Global Graphene Coating Market Outlook, By Thermal Management Coatings (2021-2030) ($MN)
15 Global Graphene Coating Market Outlook, By Barrier Coatings (2021-2030) ($MN)
16 Global Graphene Coating Market Outlook, By Conductive Coatings (2021-2030) ($MN)
17 Global Graphene Coating Market Outlook, By Method (2021-2030) ($MN)
18 Global Graphene Coating Market Outlook, By Chemical Vapor Deposition (CVD) (2021-2030) ($MN)
19 Global Graphene Coating Market Outlook, By Liquid Phase Exfoliation (LPE) (2021-2030) ($MN)
20 Global Graphene Coating Market Outlook, By Chemical Reduction of Graphene Oxide (GO) (2021-2030) ($MN)
21 Global Graphene Coating Market Outlook, By Plasma-Enhanced Chemical Vapor Deposition (PECVD) (2021-2030) ($MN)
22 Global Graphene Coating Market Outlook, By Other Methods (2021-2030) ($MN)
23 Global Graphene Coating Market Outlook, By Application (2021-2030) ($MN)
24 Global Graphene Coating Market Outlook, By Pollution Adsorption Coatings (2021-2030) ($MN)
25 Global Graphene Coating Market Outlook, By Scratch Resistant coatings (2021-2030) ($MN)
26 Global Graphene Coating Market Outlook, By Flame Retardant coatings (2021-2030) ($MN)
27 Global Graphene Coating Market Outlook, By Anti Fouling Coatings (2021-2030) ($MN)
28 Global Graphene Coating Market Outlook, By Corrosion Resistant Coatings (2021-2030) ($MN)
29 Global Graphene Coating Market Outlook, By Other Applications (2021-2030) ($MN)
30 Global Graphene Coating Market Outlook, By End User (2021-2030) ($MN)
31 Global Graphene Coating Market Outlook, By Automotive (2021-2030) ($MN)
32 Global Graphene Coating Market Outlook, By Aerospace (2021-2030) ($MN)
33 Global Graphene Coating Market Outlook, By Electronics (2021-2030) ($MN)
34 Global Graphene Coating Market Outlook, By Marine (2021-2030) ($MN) 
35 Global Graphene Coating Market Outlook, By Industrial (2021-2030) ($MN)
36 Global Graphene Coating Market Outlook, By Other End Users (2021-2030) ($MN)
        
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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