2D Materials Market : Global Industry Analysis And Forecast(2023-2029)

Global 2D Materials Market is expected to reach US $ 3.08 billion by 2029, thanks to growth in the graphene segment. The report analyzes 2D Materials market dynamics by region, type, and end-use.
2D Materials Market Overview:
The 2D materials, often known as two-dimensional materials, are crystalline materials with a single layer of atoms. 2D materials are classified as 2D allotropes of various elements or compounds such as graphite oxide suspensions with atomic planes. 2D materials are suited for use in the electronics and semiconductor sectors due to properties such as heat and electricity conductivity, corrosion resistance, optical transparency, and flexibility. In 2004, graphene became the first ‘modern' 2D substance to be isolated. There have been hundreds of more cases since then, with a diverse spectrum of features.

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2D Materials Market Dynamics:
The market for 2D materials is being driven by an increase in the use of renewable energy, an increase in the use of 2D materials in hydrogen fuel cells in electric automobiles, cost-cutting initiatives, environmentally friendly norms, and pollution-free regulations by governments. Another important factor driving the 2D materials market is the growing demand for Transparent Conductive Films (TCF) in electronic devices such as touch screens on mobile phones, displays, solid state lighting, and solar PV modules.

Emerging economies like India, China, and Japan are making significant investments in industries like transportation, energy storage, composites, textiles, and others, which is driving the 2D materials adoption. The 2-D material market is being hampered by the lack of flexibility in various industry regulations according to their requirements and the development of cost-effective graphene (2D material).

The 2D materials market is rising thanks to an increase in numerous end-use applications, particularly in photovoltaics, automobiles, medicines, semiconductors, and electronics. Manufacturers are putting a greater emphasis on innovation and working to increase the efficiency of energy storage systems. Fuel cells, rechargeable batteries, and super capacitors are among these applications.

The vehicle and electrical and electronics segments are predicted to grow rapidly between 2023 and 2029, according to the India Brand Equity Foundation, due to an increase in the number of young people and middle-class money. Also, between April 2000 and March 2021, the vehicle sector received USD 24.21 billion in FDI. Reduced manufacturing costs and time, as well as increased use of 2D materials in the aerospace, electronics, and automobile industries, are driving the market in these areas.
2D Materials Market Segment Analysis:
Based on Type, the 2D Materials market is segmented as, graphene, graphyne, borophene, germanene, silicine, and stanene. In 2022, the graphene segment was dominant and held xx% of the overall market in terms of revenue. A crystalline allotrope of carbon, graphene is a monolayer substance formed from graphite. By weight, it is relatively stronger than most steels. Thanks to its wide range of uses in numerous fields, graphene is the most extensively utilized 2D substance.
Regional Insights:
China has the world's greatest graphite reserves, making Asia Pacific the fastest-growing region in the 2D materials market. The country is currently the world's largest graphene manufacturer. In terms of consumption, graphene is mostly consumed in China and Japan, where it is utilized to replace lithium ion batteries in electric vehicles.

Companies can reduce the charging time of electric cars by replacing existing lithium ion batteries with graphene, saving money, time, and enhancing efficiency. China is one of the fastest growing markets for graphene-based solar PV modules, thanks to its extensive R&D and technological advances.

In North America, the presence of various significant businesses as well as large manufacturers in the region is expected to drive growth. In the United States, key players such are driving the market growth.

The objective of the report is to present a comprehensive analysis of the market to the stakeholders in the industry. The past and current status of the industry with the forecast market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global market dynamics, structure by analyzing the market segments and projecting the global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global market makes the report investor's guide.
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Global 2D Materials Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 2.35 Bn.


Forecast Period 2023 to 2029 CAGR:
3.9%
Market Size in 2029:
US $ 3.08 Bn.


 Segments Covered:
by Type
Graphene
Graphyne
Borophene
Germanene
Silicine
Stanene


by Type
Pharmaceuticals
Photovoltaic
Semiconductors
Automobiles
Airplanes
Electronics
Energy Storage Devices



By Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
2D Materials Market Key Players
1. 2-DTech
2. Layer One – Advanced Materials
3. ACS Material, LLC
4. 2D Water
5. Dimpora
6. Titan Projects
7. Avanzare Innovacion Tecnologica S.L.
8. XG Sciences, Inc.
9. Blackleaf SAS
10. Nordic Graphite
11. XlynX Materials
12. Planar Tech
13. Garmor
14. Thomas-Swan
15. Nitronix
16. Others

Frequently Asked Questions:

1. What is the forecast period considered for the 2D Materials market report?
Ans. The forecast period for the global 2D Materials market is 2023-2029.

2. Which key factors are expected to hinder the growth of the 2D Materials market?
Ans. The lack of flexibility in the regulations in the industry is the key factor expected to hinder the market growth during the forecast period.

3. What is the compound annual growth rate (CAGR) of the 2D Materials market for the next 6 years?
Ans. The global 2D Materials market is expected to grow at a CAGR of 3.9% during the forecast period (2023-2029).

4. What are the key factors driving the growth of the 2D Materials market?
Ans. The increasing end-use applications in various industries like pharmaceuticals, automobile, and others are the key factor expected to drive the growth of the market during the forecast period.

5. Which are the worldwide major key players covered in the 2D Materials market report?
Ans. 2-DTech, Layer One – Advanced Materials, ACS Material, LLC, 2D Water, Dimpora, Titan Projects, Avanzare Innovacion Tecnologica S.L., XG Sciences, Inc., Blackleaf SAS, Nordic Graphite, XlynX Materials, Planar Tech, Garmor, Thomas-Swan, Nitronix, and Others are the key players covered.