Graphene is a thin layer of tightly packed carbon atoms connected in a hexagonal lattice. Since its discovery, substantial study has been undertaken on graphene and its uses in different industries including automotive, aerospace, defense, and electronics. Graphene is an excellent conductor of heat and electricity and has a very interesting light-absorbing ability. Graphene cannot form a coating it is chemically inert and non-reactive so it must be processed in a very specific way that can enable it to form a coating that can adhere it to a finished product. These graphene coatings serve as an alternative to steel and diamond since they are 200% stronger and more durable than other materials. Its use in laptop screens, memory chips, and mobile phone screens is made possible by its better electrical conductivity and thermal properties.
Graphene coating is becoming more popular as various R&D projects are undertaken to improve product performance. A team of researchers from the Institute Superior Técnico's Institute for Plasmas and Nuclear Fusion (IPFN) has reported a new process for fabricating free-standing graphene coatings using plasma technology, at a lower cost of production than other existing market solutions. The 'Process, reactor, and system for fabrication of free-standing two-dimensional nanostructures using plasma technology' received the first international patent. Researchers from the University of Massachusetts Amherst also contributed and have demonstrated an advance use of graphene coating for electro kinetic bio sample processing and analysis that could allow microchip devices to become smaller and achieve results faster. These key research factors are contributing to the growth of the graphene coating market with increase in demand for renewable, lightweight and flexible materials, thermal conductivity, heat and pressure resistant products, and energy storage devices. Increased awareness of printed electronics, aerospace requirements, enhance electronics industry innovation and integration with nanotechnology, automotive and energy industries will further drive the demand for graphene coatings.
A significant disadvantage of graphene coating is its high-cost effectiveness and complexity. The graphene coating market is declining due to rising limitations and negative factors of graphene such as toxic chemicals are used at high temperatures to produce graphene, resulting in graphene showing signs of some poisonous qualities, graphene coating is stuck to everything and is a messy stuff, and graphene cannot survive oxygen and heat. It is critical to avoid using graphene powder since it has a natural tendency to agglomerate. Graphene coating has numerous applications in the aerospace and automotive industries. For instance, it can be used for lighting, energy storage, de-icing, and lightning protection, among other things, not only for civil and military aircraft, but also for unmanned vehicles, spacecraft, and satellites. Coatings, EMI shielding, thermal management, light weighting, sensors, enhanced road tires, composite reinforcement, and fuel storage functions are a few of the external and interior automobile applications for graphene coating. Graphene-modified polyurethane foam, adhesives, batteries, and under-the-hood components have found commercial success. Awareness is also developing in other fields; however, education is required to increase end-user understanding of the differences between graphene materials and graphene manufacturers. TBA Protective Solutions, which offers transparent, conductive acrylic, flexible polyurethane, and water-based epoxy as protective coatings, is one provider of graphene-containing coatings. Global Graphene Group provides graphene-containing insulating coatings, conductive coatings and inks, and anti-corrosion paints (primers and topcoats). Talga, based in Perth, Australia, has developed a graphene addition for marine coatings with the goal of enhancing corrosion resistance, minimizing loss. The rising need for effective applications is expected to fuel demand for graphene coating.
Graphene coatings are in significant demand in countries including China, Japan, and South Korea. The demand for graphene coating in the area is largely driven by the market's expanding industrial applications. The global graphene coatings market is segmented into application, end-use industry and region. Depending on application, the market is classified into scratch resistant coatings, corrosion resistant coatings, anti-fouling coatings, pollution adsorption coatings, flame retardant coatings and others. On the basis of end-use industry, it is categorized into automotive, marine, medical, industrial, electrical and electronics and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global graphene coatings market are ACS Material, Advance Industrial Coatings LLC, Applied Graphene Materials, Artdeshine Pte. Ltd, Directa Plus S.p.A , G6 Materials Corp, Graphenea, Graphite Central, Haydale Graphene Industries Plc, KNV'S Incorporation, NanoXplore Inc., Supervac Industries LLP, Surface Protective Solutions, Thomas Swan & Co. Ltd., and XG Sciences. Other players operating in the market are AI Coating, Dongguan Sheerfond New Material Co. Ltd, Ethos, and China Carbon Graphite Inc.
IMPACT OF COVID-19 ON THE GLOBAL GRAPHENE COATINGS MARKET
- COVID-19 has spread across the globe and effected almost all aspects of life.
- The international aerospace industry was likely the most severely hit by the COVID-19 pandemic: airlines, airports, and other market participants all faced significant revenue losses, prompting a vigorous, short-term, and disruptive reaction.
- As result manufacturers of graphene-based coatings supplying to this industry were heavily affected which ultimately caused a drop in the demand.
- During the pandemic, liquidity-strapped automotive suppliers gave in to rapidly deteriorating market conditions, causing enormous disruption and disastrous effects throughout the world's car manufacturing business. As a result, the application of graphene coatings in this business also faced difficulties.
- However, after the pandemic, as the demand will return to normal after the restrictions were lifted, market participants in this market have explored for measures to minimize the pandemic's impact on their business.
- As the restrictions are lifted, the demand from automotive industry is increasing, which is increasing the demand for graphene coatings.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the graphene coatings market analysis from 2021 to 2031 to identify the prevailing graphene coatings market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the graphene coatings market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global graphene coatings market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
- Others
- Scratch Resistant coatings
- Corrosion Resistant Coatings
- Anti Fouling Coatings
- Pollution Adsorption Coatings
- Flame Retardant coatings
By end use Industry
- Automotive
- Marine
- Medical
- Industrial
- Electrical and electronics
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest Of Europe
- Asia-Pacific
- India
- China
- Japan
- South Korea
- Australia
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest Of LAMEA
Key Market Players
- ACS Material
- Advance Industrial Coatings LLC
- applied graphene materials
- Artdeshine Pte. Ltd
- Directa Plus S.p.A
- G6 Materials Corp
- Graphenea
- Graphite Central
- Haydale Graphene Industries Plc
- KNV'S Incorporation
- NanoXplore Inc
- Supervac Industries LLP
- Surface Protective Solutions
- thomas swan & co. ltd.
- XG Sciences
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Table of Contents
Executive Summary
According to the report, titled, “Graphene Coatings Market," the graphene coatings market was valued at $1.4 million in 2021, and is estimated to reach $17.9 million by 2031, growing at a CAGR of 29.9% from 2022 to 2031.Graphene is an atom-thick layer of carbon atoms in its ultimate nano block form with numerous morphologies; the arrangement of carbon atoms in this layered substance gives it extraordinary strength and conductivity. It combines thermal and electrical efficiency in a transparent system with distinct optical properties. Graphene coatings are carbon-based nanoparticles that are utilized as a car detailing solution. Many big brands offer graphene coating with ten-year warranties.
Graphene is an extremely diverse material, and can be combined with other elements (including gases and metals) to produce different materials with various superior properties and possible applications, which include:
Manufacturing of batteries and transistors.
Manufacturing components of solar cells.
Non-stick coatings with a silky-smooth finish.
Energy generation.
Water filters.
Touchscreens (for LCD or OLED displays).
Super capacitors and computer chips.
Owing to these applications, graphene coating is used in a wide range of use case in majority industries such as, anti-corrosion coatings and paints, efficient and precise sensors, faster and efficient electronics, flexible displays, efficient solar panels, faster DNA sequencing, drug delivery, and more. Furthermore, the graphene coating market is expanding, with more mainstream companies participating, and the fraction of patent-related products with value applications exceeds the number of graphene coating production. Chemical vapor deposition allows for greater formats and quantities at lower prices, allowing some companies to generate up to tones of graphene coating with mass consistency. Currently, corrosion protection is one of the coating application areas garnering the most attention. Graphene, when properly included into solvent or water-based coatings, can provide superior anti-corrosion performance and improved corrosion control for asset life extension, maintenance expense reduction, and more sustainable protection solutions. Such characteristics provide a broad range of growth opportunities for the graphene coating market.
However, the outbreak of the COVID-19 and strict containment measures imposed by governments is hindering the demand for graphene coatings. Closings of industries in the second quarter, has resulted in a significant drop in demand for graphene coatings. This factor is estimated to hinder the growth of graphene coating market. The favorable thermal and electrical conductivity properties of graphene is another factor that has led to a significant increase in demand and growth opportunities for graphene coatings in the US automotive industry. The ease of application, waterproofing performance and improved conductive properties of graphene compared to ceramic are expected to increase the demand for graphene coatings market. According to researchers and some scientists around the world, graphene has become the strongest and thinnest material in the world, thanks to which graphene coating has become a popular protection solution in recent years. While the automotive sector is expected to provide some opportunities for global and U.S graphene coating market participants, the aerospace industry is expected to emerge as a new industry. .
Japan is predicted to be the primary supplier of graphene coating throughout the forecast period, followed by China and South Korea. Demand for regional goods rises as a result of important end-use industries including electronics, transportation, and defense. Increasing discretionary expenditure, especially in China and India, also helps the business to grow.
The global graphene coatings market is segmented into application, end-use industry and region. Depending on application, the market is classified into scratch resistant coatings, corrosion resistant coatings, anti-fouling coatings, pollution adsorption coatings, flame retardant coatings and others. On the basis of end-use industry, it is categorized into automotive, marine, medical, industrial, electrical and electronics and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global graphene coatings market are ACS Material, Advance Industrial Coatings LLC, Applied Graphene Materials, Artdeshine Pte. Ltd, Directa Plus S.p.A, G6 Materials Corp, Graphenea, Graphite Central, Haydale Graphene Industries Plc, KNV'S Incorporation, NanoXplore Inc., Supervac Industries LLP, Surface Protective Solutions, Thomas Swan & Co. Ltd., XG Sciences. Other players operating in the graphene coatings market are AI Coating, Dongguan Sheerfond New Material Co. Ltd, Ethos, China Carbon Graphite Inc.
Key Findings of the Study
- The report outlines the current graphene coatings market trends and future scenario of the market from 2022 to 2031 to understand the prevailing opportunities and potential investment pockets.
- The market size is provided in terms of revenue and volume.
- On the basis of application, the scratch resistant coatings is expected to grow at a CAGR of 29.4% and has garnered 22.8% market share in terms of revenue, during the forecast period.
- Depending on end-use industry, the automotive industry is expected to grow at a CAGR of 29.3%, in terms of revenue, during the forecast period.
- Region wise, North-America has garnered a share of 35.7% in 2021 in terms of revenue.
IMPACT OF COVID-19 ON THE GLOBAL GRAPHENE COATINGS MARKET
- COVID-19 has spread across the globe and effected almost all aspects of life.
- The international aerospace industry was likely the most severely hit by the COVID-19 pandemic: airlines, airports, and other market participants all faced significant revenue losses, prompting a vigorous, short-term, and disruptive reaction. As result manufacturers of graphene-based coatings supplying to this industry were heavily affected which ultimately caused a drop in the demand.
- During the pandemic, liquidity-strapped automotive suppliers gave in to rapidly deteriorating market conditions, causing enormous disruption and disastrous effects throughout the world's car manufacturing business. As a result, the application of graphene coatings in this business also faced difficulties.
- As the restrictions are lifted, the demand from automotive industry is increasing, which is increasing the demand for graphene coatings.
Companies Mentioned
- Acs Material
- Advance Industrial Coatings LLC
- Applied Graphene Materials
- Artdeshine Pte. Ltd
- Directa Plus S.P.A
- G6 Materials Corp
- Graphenea
- Graphite Central
- Haydale Graphene Industries plc
- Knv's Incorporation
- Nanoxplore Inc
- Supervac Industries Llp
- Surface Protective Solutions
- Thomas Swan & Co. Ltd.
- Xg Sciences
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 350 |
Published | August 2022 |
Forecast Period | 2021 - 2031 |
Estimated Market Value ( USD | $ 1.4 million |
Forecasted Market Value ( USD | $ 17.9 million |
Compound Annual Growth Rate | 29.0% |
Regions Covered | Global |
No. of Companies Mentioned | 15 |