Press release
Graphene Coatings Market Innovative Strategies for Harnessing Future Market Size Growth
AMR
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Drivers and Opportunities:
Graphene finds extensive application in various products such as batteries, transistors, solar cell components, non-stick coatings, water filters, and touchscreens, among others. This widespread use drives demand for graphene coatings across industries like medical, automotive, and electrical & electronics. However, market growth faces challenges due to limited awareness regarding product benefits and health risks associated with graphene processing using toxic chemicals. Nevertheless, the pharmaceutical, coatings, energy, and electronics sectors' growth, coupled with rapid technological advancements and increased focus on R&D activities, present new opportunities for market expansion.
Covid-19 Scenario:
The COVID-19 pandemic significantly impacted the global graphene coatings market. Sectors like aerospace and automotive, major consumers of graphene coatings, experienced substantial revenue losses, leading to reduced demand. However, as pandemic restrictions eased, demand from end-use industries gradually recovered, with key players implementing strategies to mitigate the pandemic's effects on their businesses.
Segment Insights:
The corrosion-resistant coatings segment is expected to achieve the fastest growth, driven by their extensive use in preventing metal corrosion, with a notable CAGR of 31.24% by 2031. Moreover, the industrial segment, encompassing various industries like automotive, electronics, aerospace, and others, held a significant market share in 2021 and is projected to maintain prominent growth. The medical segment is anticipated to exhibit the highest CAGR by 2031, fueled by properties of graphene coatings enhancing medical device functionality and increasing demand from emerging economies.
Regional Outlook:
Asia-Pacific is forecasted to witness the fastest growth, attributed to its concentration of automotive, marine, medical, and electrical & electronics industries. North America led the market in 2021 and is expected to maintain its dominance throughout the forecast period due to the presence of numerous small- and medium-scale graphene coatings manufacturers.
Leading Market Players:
Key players in the global graphene coatings market include ACS Material, Advance Industrial Coatings LLC, Applied Graphene Materials, Artdeshine Pte. Ltd., and others. These players employ strategies like expansion, product launches, and partnerships to bolster their market position and enhance penetration.
The report offers valuable insights into business performance, operating segments, product portfolios, and developments of each market player, aiding stakeholders in strategic decision-making.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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