2D Materials Market to Develop Rapidly by 2025
2D
materials or 2-Dimensional materials are defined as materials that
are crystalline and consist a single layer of atoms. 2D materials can
generally be categorized into either 2D allotropes of various
elements or compounds as a suspension of graphite oxide with atomic
planes. Properties such as conductivity of heat and electricity,
corrosion resistance, optically transparent, and flexibility makes 2D
materials ideal for usage in electronics and semiconductor
industries.
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Inclination
for usage of renewable energy, rise in usage of 2D materials in
hydrogen fuel cells in electric cars, cost saving initiatives,
environmentally-friendly norms, and pollution-free legislations by
governments are the major drivers of the 2D materials market.
Increase in demand for Transparent Conductive Films (TCF) in
electronic devices such as touch screens of mobile phones, displays,
solid state lighting, and solar PV modules is another key factor
boosting the 2D materials market. Significant investments by emerging
economies such as India, China, and Japan in sectors such as
transport, energy storage, composites, textiles, and others is also
one of the prominent factors augmenting the 2D materials market.
Factors such as development of cost-effective graphene (2D Materials)
electrodes and requirements to meet industrial norms are hampering
the 2D materials market.
Based
on type, the market can be segmented into graphene, graphyne,
borophene, germanene, silicine, and stanene. Graphene, a monolayer
material derived from graphite, is a crystalline allotrope of carbon.
It is relatively stronger than most steels by weight. Graphene is the
widely used 2D material due to its extensive range of applications in
various sectors.
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In
terms of end-use, the 2D materials market can be divided into
pharmaceuticals, photovoltaic, semiconductors, automobile, airplanes,
electronics, and energy storage devices. 2D materials are
increasingly used in energy storage devices such as super capacitors,
fuel cells, and rechargeable batteries. Automobile and electronics
segments are expected to witness significant growth from 2017 to
2025. Rise in usage of 2D materials in automobile, airplanes, and
electronics industries to lower manufacturing cost and time is the
primary factor driving the segments.
In
terms of geography, the 2D materials market can be segregated into
North America, Latin America, Europe, Asia Pacific, and Middle East &
Africa. Asia Pacific is the fastest growing region of the 2D
materials market; China accounts for the largest graphite reserves in
the world. The country is currently the largest producer of graphene
in the world. In terms of consumption, China and Japan are the major
consumers of graphene, as it is used to replace lithium ion batteries
in electric cars. Replacement of traditional lithium ion batteries
with graphene helps companies lower the charging period of electric
cars, thus saving costs, time, and increasing efficiency. With vast
base of R&D and technological innovations, China is one of the
fastest growing markets for producing solar PV modules using
graphene.
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Key
players manufacturing 2D materials include 2D Tech Graphene, Abalonyx
AS, ACS Material, LLC, AVANZARE, BASF SE, and XG Sciences, Inc.
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