The global 2D materials market is estimated to grow at a CAGR of 7.8% during the forecast period 2017-2021. The market is expected to reach USD XX million by 2021. The market for 2D
2D materials are ultra-thin materials that are just one or a few atoms thick, with unique properties such as high mechanical strength, optical transparency, and excellent electrical conductivity. These materials have gained significant attention in recent years due to their potential applications in various industries such as electronics, energy, and healthcare.
The market is segmented based on material type, application, and region. Based on material type, the market is segmented into graphene, transition metal dichalcogenides (TMDs), boron nitride, and others. Based on application, the market is segmented into electronics, energy, healthcare, and others.
Executive Summary
The global 2D materials market is projected to witness significant growth in the coming years, driven by factors such as increasing demand for 2D materials in various applications such as electronics, energy, and healthcare. The market is also being propelled by the growing focus on research and development activities by companies and government organizations, as well as the emergence of new and innovative 2D materials.
However, the market is also facing challenges such as high manufacturing costs and limited scalability of 2D materials. Nevertheless, the increasing investments in research and development and advancements in manufacturing technologies are expected to provide new growth opportunities for players in the market.
Important Note:ย The companies listed in the image above are for reference only. The final study will cover 18โ20 key players in this market, and the list can be adjusted based on our clientโs requirements.
Key Market Insights
- Graphene is expected to dominate the market due to its unique properties such as high electrical conductivity, high mechanical strength, and optical transparency.
- The electronics application segment is expected to dominate the market due to the increasing demand for high-performance electronic devices.
- Asia-Pacific is expected to dominate the market due to the growing investments in research and development activities and increasing demand for 2D materials in various applications.
Market Drivers
- Increasing Demand for 2D Materials in Various Applications
2D materials have gained significant attention in recent years due to their unique properties and potential applications in various industries such as electronics, energy, and healthcare. The increasing demand for high-performance electronic devices, efficient energy storage systems, and advanced healthcare technologies is driving the demand for 2D materials.
- Growing Focus on Research and Development Activities
Companies and government organizations are increasingly investing in research and development activities to explore the potential applications of 2D materials. The growing focus on research and development is expected to lead to the development of new and innovative 2D materials and expand the scope of applications for these materials.
Market Restraints
- High Manufacturing Costs
The manufacturing of 2D materials is still in its nascent stages, and the high manufacturing costs associated with these materials are a significant challenge faced by players in the market. The high manufacturing costs are limiting the scalability of 2D materials and hindering their adoption in various applications.
- Limited Scalability of 2D Materials
The limited scalability of 2D materials is another significant challenge faced by players in the market. The production of 2D materials is still in its early stages, and there are limitations on the size and quantity of materials that can be produced, which is limiting their adoption in various applications.
Market Opportunities
- Advancements in Manufacturing Technologies
Advancements in manufacturing technologies such as chemical vapor deposition (CVD) and atomic layer deposition (ALD) are expected to provide new growth opportunities for players in the market. These advancements are expected to lead to improvements in the scalability and cost-effectiveness of 2D materials and expand their scope of application
- Increasing Investments in Research and Development
The increasing investments in research and development activities by companies and government organizations are expected to lead to the development of new and innovative 2D materials, which could further expand the scope of applications for these materials and provide new growth opportunities for players in the market.
Market Dynamics
The global 2D materials market is characterized by intense competition among players, with the presence of several global and regional players. The market is also being driven by increasing investments in research and development activities, the emergence of new and innovative 2D materials, and the growing demand for 2D materials in various applications.
Regional Analysis
The global 2D materials market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Asia-Pacific is expected to dominate the market during the forecast period, driven by the growing investments in research and development activities, increasing demand for high-performance electronic devices, and the emergence of new and innovative 2D materials in the region.
Competitive Landscape
Leading companies in the 2D Materials market:
- Graphenea S.A.
- 2D Semiconductors Inc.
- ACS Material, LLC
- XG Sciences, Inc.
- The Sixth Element (Changzhou) Materials Technology Co., Ltd.
- Haydale Graphene Industries PLC
- Versarien plc
- Directa Plus S.p.A.
- Group NanoXplore Inc.
- 2D Fab
Please note: This is a preliminary list; the final study will feature 18โ20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.
Segmentation
The global 2D materials market is segmented based on material type, application, and region.
By Material Type:
- Graphene
- Transition Metal Dichalcogenides (TMDs)
- Boron Nitride
- Others
By Application:
- Electronics
- Energy
- Healthcare
- Others
By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Category-wise Insights
- Graphene
Graphene is expected to dominate the market due to its unique properties such as high electrical conductivity, high mechanical strength, and optical transparency. Graphene is being increasingly used in various applications such as electronics, energy, and healthcare.
- Transition Metal Dichalcogenides (TMDs)
TMDs are a class of 2D materials that are being increasingly used in various applications such as electronics and energy. These materials have unique properties such as high mechanical strength, excellent electrical conductivity, and high surface area.
- Boron Nitride
Boron nitride is a 2D material that has unique properties such as high thermal conductivity and high electrical insulation. Boron nitride is being increasingly used in various applications such as electronics, energy, and healthcare.
Key Benefits for Industry Participants and Stakeholders
- Opportunity for New and Innovative Products
The growing demand for 2D materials in various applications is providing new opportunities for players in the market to develop new and innovative products that meet the evolving needs of customers.
- Opportunity for Cost Savings
The advancements in manufacturing technologies are expected to lead to improvements in the scalability and cost-effectiveness of 2D materials, which could provide cost savings for industry participants.
SWOT Analysis
Strengths:
- Unique properties of 2D materials such as high mechanical strength, optical transparency, and excellent electrical conductivity.
- Growing demand for 2D materials in various applications.
Weaknesses:
- High manufacturing costs associated with 2D materials.
- Limited scalability of 2D materials.
Opportunities:
- Advancements in manufacturing technologies.
- Increasing investments in research and development activities.
Threats:
- Intense competition among players.
- Emergence of alternative materials.
Market Key Trends
- Increasing Demand for High-Performance Electronic Devices
The increasing demand for high-performance electronic devices is driving the demand for 2D materials in the electronics industry. 2D materials such as graphene and TMDs have unique properties such as high electrical conductivity and excellent mechanical strength, which make them ideal for use in electronic devices such as transistors and sensors.
- Growing Focus on Energy Efficiency
The growing focus on energy efficiency is driving the demand for 2D materials in the energy industry. 2D materials such as graphene and TMDs have unique properties such as high electrical conductivity and excellent mechanical strength, which make them ideal for use in energy storage systems and solar cells.
- Increasing Demand for Advanced Healthcare Technologies
The increasing demand for advanced healthcare technologies is driving the demand for 2D materials in the healthcare industry. 2D materials such as graphene and boron nitride have unique properties such as high biocompatibility and excellent drug delivery capabilities, which make them ideal for use in medical devices and drug delivery systems.
Covid-19 Impact
The Covid-19 pandemic has had a significant impact on the global 2D materials market, with disruptions in the supply chain and manufacturing activities leading to a slowdown in the market growth. However, the increasing focus on research and development activities by companies and government organizations to develop new and innovative 2D materials for various applications is expected to drive the market growth in the post-pandemic period.
Key Industry Developments
- Versarien Enters into Agreement with TPC Motion
In December 2020, Versarien, a global leader in 2D materials, announced that it had entered into an agreement with TPC Motion, a leading provider of linear and rotary motion solutions, to develop new products based on Versarien’s 2D materials.
- Applied Graphene Materials Launches New Range of Products
In August 2020, Applied Graphene Materials, a leading provider of graphene-based products, announced the launch of a new range of graphene dispersions that are designed to provide enhanced performance in various applications such as coatings and composites.
Analyst Suggestions
- Focus on Research and Development Activities
Companies and government organizations should focus on research and development activities to explore the potential applications of 2D materials and develop new and innovative products that meet the evolving needs of customers.
- Invest in Manufacturing Technologies
Industry participants should invest in manufacturing technologies such as CVD and ALD to improve the scalability and cost-effectiveness of 2D materials and expand their scope of applications.
Future Outlook
The global 2D materials market is expected to witness significant growth in the coming years, driven by factors such as increasing demand for 2D materials in various applications, growing focus on research and development activities, and advancements in manufacturing technologies.
However, the market is also facing challenges such as high manufacturing costs and limited scalability of 2D materials. Nevertheless, the increasing investments in research and development activities and advancements in manufacturing technologies are expected to provide new growth opportunities for players in the market.
Conclusion
The global 2D materials market is a rapidly evolving market, with increasing demand for 2D materials in various industries such as electronics, energy, and healthcare. The market is characterized by intense competition among players, with the presence of several global and regional players. The market is also being driven by increasing investments in research and development activities, the emergence of new and innovative 2D materials, and the growing focus on energy efficiency and advanced healthcare technologies.
Despite the challenges faced by the market such as high manufacturing costs and limited scalability of 2D materials, the increasing investments in research and development activities and advancements in manufacturing technologies are expected to provide new growth opportunities for players in the market.