The Business Research Company’s report on the 2D Materials Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the 2d materials market in recent years?
The growing automotive industry is expected to propel the growth of the 2D materials market going forward. The automotive industry is growing due to the increasing adoption of autonomous driving technology that enhances safety and convenience. Investments in AI-powered driver assistance systems are accelerating the development of self-driving vehicles. 2D materials in the automotive industry improve battery efficiency, lightweight structures, and advanced sensors for enhanced performance and safety. For instance, in November 2023, according to Statistics Canada, a Canada-based government agency, in 2022, the total number of road motor vehicles registered in Canada reached 26.3 million, a 0.3% increase from 2021. Electric vehicles comprised 3.0% of light-duty vehicle registrations in 2022, rising from 2.3% in 2021. Therefore, the growing automotive industry is driving the growth of the 2D materials market.
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What is the projected market size of the 2d materials industry, and how is it expected to grow?
The 2D materials market size has grown steadily in recent years. It will grow from $2.20 billion in 2024 to $2.31 billion in 2025 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to growing demand for high-performance electronic devices, increased research and development investments, expansion of graphene-based materials in commercial applications, growing interest in energy storage and battery technologies, and enhanced material properties compared to traditional counterparts.
The 2D materials market size is expected to see steady growth in the next few years. It will grow to $2.77 billion in 2029 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to growing demand for advanced electronic and optoelectronic devices, rising investments in research and development, growth in the semiconductor industry, government initiatives and funding for 2D material research, and the expansion of graphene and transition metal dichalcogenides (TMDs) applications. Major trends in the forecast period include the adoption of flexible and wearable technologies, advancements in nanotechnology and material engineering, the development of large-scale production techniques, the integration of 2D materials in semiconductor manufacturing, and advancements in chemical vapor deposition (CVD) techniques for large-scale production.
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Who are the key players driving competition in the 2d materials market?
Major companies operating in the 2D materials market are Samsung Advanced Institute of Technology, BASF SE, LG Chem Ltd, Sixth Element Materials Technology, AIXTRON SE, ACS Material LLC, Cambridge Nanosystems Ltd, NanoXplore Inc., CVD Equipment Corporation, Black Swan Graphene Inc., Thomas Swan & Co. Ltd, Directa Plus, Haydale Graphene Industries Plc, Avanzare Innovacion Tecnologica S.L., Graphenea S.A., Grolltex Inc., 2D Carbon Tech Inc., Elcora Advanced Materials Corp, Abalonyx AS, Global Graphene Group.
What key trends are expected to drive the Lower case Product Name market during the forecast period?
Major companies operating in the 2D materials market are developing innovative products, such as high-volume graphene powder, to enhance performance in industries. High-volume graphene powder refers to the bulk production of graphene in powder form, typically used as an additive in various industrial applications. For instance, in January 2024, NanoXplore Inc., a Canada-based graphene company, announced an expansion of production capacity at its St-Clotilde, QC plant to meet the growing demand for graphene-enhanced SMC parts from an existing customer. This move aligns with the company’s strategy to scale manufacturing, enhance efficiency, and support key industries such as automotive, aerospace, energy storage, and coatings.
Which key geographies are driving the growth of the 2d materials market?
North America was the largest region in the 2D materials market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the 2D materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the key segments driving growth in the 2d materials market?
The 2D materials market covered in this report is segmented –
1) By Type: Graphene, Hexagonal Boron Nitride, Black Phosphorus, Germanene, Silicene, Other Types
2) By Production Method: Chemical Vapor Deposition, Mechanical Exfoliation, Liquid Exfoliation, Other Production Methods
3) By End User: Electronics, Energy Storage Devices, Composite And Coating, Biomedical Applications, Other End Users
Subsegments:
1) By Graphene: Monolayer Graphene, Few-Layer Graphene, Graphene Nanoplatelets, Reduced Graphene Oxide (rGO), Pristine Graphene
2) By Hexagonal Boron Nitride (h-BN): Monolayer h-BN, Few-Layer h-BN, h-BN Nanotubes, h-BN Nanoparticles
3) By Black Phosphorus: Monolayer Phosphorene, Few-Layer Phosphorene, Bulk Black Phosphorus
4) By Germanene: Monolayer Germanene, Doped Germanene, Functionalized Germanene
5) By Silicene: Monolayer Silicene, Silicene Nanoribbons, Hydrogenated Silicene
6) By Other Types: Stanene, Molybdenum Disulfide (MoS2), Tungsten Disulfide (WS2), Transition Metal Dichalcogenides (TMDs), Other Emerging 2D Materials
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How is the 2d materials market defined, and what are its core characteristics?
2D materials are substances that are just a few atoms thick, with properties that differ significantly from their bulk forms. Examples include graphene (carbon), transition metal dichalcogenides, and black phosphorus. These materials have unique electrical, optical, and mechanical properties, making them promising for applications in electronics, sensors, energy storage, and more.
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