The Global 2D Materials Market Size is valued at 651.9 million in 2023 and is predicted to reach 3.67 billion by the year 2031 at a 24.25% CAGR during the forecast period for 2024-2031.
2D materials, often known as two-dimensional materials, are crystalline with a single layer. 2D materials are classified as 2D allotropes of various elements or compounds such as graphite oxide suspensions with atomic planes. 2D materials are suited for use in the electronics and semiconductors sectors due to properties such as heat and electricity conductivity, corrosion resistance, and flexibility.
The demand for 2D materials is anticipated to grow with the increasing demand from the end-use industries such as composite and coating, energy storage devices, electronics, and others. The increasing adoption of 2D materials in the healthcare industry and the increasing adoption of non-graphene 2D materials are expected further to fuel the advancement of the global 2D materials market. However, the high cost of production is anticipated to hinder market growth in the future.
Recent Development:
- In September 2021, Colloids Limited introduced a new infrastructure for customized polymeric materials using its ground-breaking graph and graphene masterbatch advanced technologies. Due to its extraordinary qualities, graphene has attracted a lot of attention. Additionally, it has exceptional mechanical characteristics and superior thermal and electrical permeability.
- In December 2021, Black Swan Graphene Inc. signed a legally enforceable letter of intent to purchase Dragonfly Capital Corp. in a backward merger agreement for $31.5 million. On December 13, 2021, Black Swan Graphene Inc. and Dragonfly Capital Corp. agreed to communicate shares in an opposite merger transaction. Stockholders of Black Swan would then obtain 15.2 consideration shareholding for every ordinary Black Swan share they own.
Competitive Landscape:
Some of the major key players’ 2D materials market are:
- NanoXplore Inc.
- Cabot Corporation
- Smart-elements GmbH
- 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
- Planar TECH LLC
- AVANZARE INNOVACION TECNOLOGICA S.L.
- XlynX Materials Inc.
- Layer One
- 2-D Tech
- 2D Water
- Smena
Market Segmentation:
The 2D materials market is segmented into material type and end-user. Based on material type, the market is segmented as graphene, black phosphorous, transition metal dichalcogenides, mxenes, hexagonal boron nitride and others. Based on end-user, the market is segmented as composite and coating, energy storage devices, electronics, semiconductors, pharmaceuticals, automobiles and others.
The Graphene Segment Is A Major Contributor To The 2D Materials Market Based On The Type
In 2023, the graphene segment was dominant in the overall market in revenue due to a number of characteristics, including its strength—which is typically better than steel—and expanding applications. Graphene is a crystalline allotrope of carbon, a monolayer substance formed from graphite. By weight, it is relatively stronger than most steels. With its wide range of uses in numerous fields, graphene is the most extensively utilized 2D substance.
Based On End Users, The Composite And Coating Segment Witness Growth At A Rapid Rate
The composite and coating segment led the 2D materials market in 2023. It was the largest segment due to the rising consumer demand for consumer electronics, interactive packaging, radio-frequency sensing, and other products, driving interest in flexible energy storage battery technology.
The Region’s North America 2D Materials Market Holds A Significant Revenue Share
The North American 2D material market is expected to register the highest market share in revenue soon. Factors such as the presence of numerous dominant players within the country and rising production volumes of automobiles are expected to propel the market’s demand. Additionally, favorable government policies and increasing investments by private and public organizations will add to the US 2D materials market during the forecast period.
In addition, Asia Pacific was expected to dominate the global 2D material market during the forecast period in terms of sales and revenue. Factor such as a budding semiconductor industry within the region and increasing manufacturing industries are expected to widen the market’s scope in Asia Pacific. Additionally, rising demand for automation within various industrial sectors will propel the growth of the 2D materials market in the Asia Pacific during the forecast period.
2D Materials Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2023 |
USD 651.9 Mn |
|
Revenue forecast in 2031 |
USD 3.67 Bn |
|
Growth rate CAGR |
CAGR of 24.25% from 2024 to 2031 |
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Quantitative units |
Representation of revenue in US$ Billion and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Material, And End Users |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
NanoXplore, Cabot Corporation, Smart-elements GmbH, Thomas Swan & Co. Ltd., ACS Material LLC, American Elements, 2D Materials Pte Ltd., BASF SE, 6Carbon Technology and Nitronix Nanotechnology Corporation. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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