Global 2D Materials Market Report 2023: Growing Adoption of 2D Materials in Energy Storage Drives Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "2D Materials Market - A Global and Regional Analysis: Focus on End User, Material Type, and Region - Analysis and Forecast, 2022-2031" report has been added to ResearchAndMarkets.com's offering.

The global 2D materials market is projected to reach $4,000.0 million by 2031 from $526.1 million in 2022, growing at a CAGR of 25.3% during the forecast period 2022-2031.

The demand for 2D materials is anticipated to grow with the increasing demand from the end-use industries such as composite and coatings, energy storage devices, electronics, semiconductors, pharmaceuticals, automobiles, and others.

Furthermore, it is anticipated that during the projected period of 2022-2031, the increasing adoption of 2D materials in the healthcare industry and the increasing adoption of non-graphene 2D materials such as Mxene, TMDCs, Hexagonal boron nitride, and others are expected to further fuel the advancement of the global 2D materials market. However, the high cost of production is anticipated to hinder market growth in the upcoming future.

Market Lifecycle Stage

The global 2D materials market is in the growth phase. Rising sales of fuel cell vehicles and increasing focus on decarbonization and controlling pollutants are expected to boost market growth. Furthermore, due to high demand from the end-user industries and growing demand for transparent conductive films (TCF) in the electronics industry are expected to increase the demand for the 2D materials market.

Moreover, the global 2D materials market is expected to benefit from the expanding market of nanomaterials, which is expected to promote market expansion. The requirement for 2D materials is being stimulated by photovoltaics and sports equipment as well.

Industrial Impact

• Growing demand for energy storage devices and electronics is the main driving force behind the growing interest in the 2D materials market. As a result, these materials are getting prominence in a variety of industries, including composite and coatings, electronics, semiconductors, pharmaceuticals, automobiles, and energy storage devices, among others. One area where implementation has been significantly greater is composite and coatings, which have created opportunities for both existing market participants and market entrants.
• Furthermore, 2D materials have a moderate to high impact on end-user industries; however, in the upcoming future, with increased production of consumer electronics, electric vehicles, biomedical devices, and other applications, the impact is anticipated to increase.

Recent Developments in the Global 2D Materials Market

• In September 2022, NanoXplore purchases XG Sciences' assets. This procurement greatly enhances its intangible assets associated with graphene and battery materials augmented by graphene, and it also expedites the industry's entry into the rechargeable batteries material market.

Demand - Drivers and Limitations

The following are the demand drivers for the global 2D materials market:

• Growing adoption of 2D materials in energy storage
• Strong growth of 2D materials in the healthcare industry
• Growing demand for transparent conductive films in electronics industry

The market is expected to face some limitations as well due to the following challenges:

• Lack of large-scale production of high-quality graphene
• High cost of production

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts, analyzing company coverage, product portfolio, and market penetration.

The global 2D materials market has been segmented by different end users, among which composite and coatings captured around 35.1% of the market as of 2021.

Other end users, including energy storage devices, accounted for around 22.7%, the electronics industry accounted for 14.9%, semiconductor accounted for 6.1%, pharmaceutical accounted for 3.1%, automobiles accounted for 8.2%, and other end-use industry accounted for 9.9% of the total demand in 2021 in terms of value.

Some of the prominent established names in this market are:

Company Type 1 (by Material Type): Graphene

• NanoXplore Inc.
• Cabot Corporation
• Thomas Swan & Co. Ltd.
• Ossila Ltd
• ACS Material LLC
• American Elements
• 2D Materials Pte Ltd.
• Blackleaf
• BASF SE
• 6Carbon Technology
• Garmor Tech
• Nitronix Nanotechnology Corporation
• PlanarTECH LLC
• AVANZARE INNOVACION TECNOLOGICA S.L.
• XlynX Materials Inc.
• Layer One
• 2D Water

Company Type 2 (by Material Type): Black Phosphorus

• Smart-elements GmbH
• Ossila Ltd.

Company Type 3 (by Material Type): Mxene

• Ossila Ltd.
• ACS Material LLC

Company Type 4 (by Material Type): TMDCs

• Ossila Ltd
• 6Carbon Technology
• PlanarTECH LLC

Company Type 5 (by Material Type): Hexagonal Boron Nitride

• Ossila Ltd
• 6Carbon Technology

Key Attributes:

For more information about this report visit https://www.researchandmarkets.com/r/bu46v3

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