CHICAGO, Nov. 27, 2023 /PRNewswire/ — The report “Graphene Coating Market by Product Type (Solvent-based and Water-based), Application (Corrosion-resistant Coating, Scratch-resistant Coating, Antifouling Coating, Flame-retardant Coating), End-use industry, and Region – Global Forecast to 2028″, is estimated at USD 137 million in 2023 and is projected to reach USD 496 million by 2028, at a CAGR of 29.4% from 2023 to 2028. The expansion of this market can be ascribed to the rising demand stemming from various applications such as corrosion-resistant, scratch-resistant, antifouling, flame-retardant and others. Additionally, there is a growing appetite for graphene coating in the automotive end-use industry, which is serving as a driving force for the global growth of graphene coating.
Browse in-depth TOC on “Graphene Coating Market”
160– Tables
60– Figures
220– Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=69854439
Solvent-based product type of graphene coating is expected to account for the largest market share in forecasted period, in terms of both value and volume.
The Solvent-based graphene coating product type is expected to hold the largest share in the global graphene coating market and also water-based predicted to witness the highest CAGR during the forecasted period. Solvent-based graphene coatings provide enhanced durability, conductivity, and corrosion protection, making them suitable for a wide range of protective and functional applications.
Scratch-resistant coating applications of graphene coating are expected to witness the second-highest CAGR between 2023 to 2028.
Graphene coatings are increasingly being used in various industries due to their exceptional properties and diverse applications, particularly in scratch-resistant applications. The strong covalent bonds within the graphene lattice contribute to its exceptional mechanical strength. Graphene coatings, therefore, exhibit high scratch resistance, protecting surfaces from abrasions and scratches caused by daily wear and tear. This property is especially advantageous in applications where maintaining the aesthetic appeal and structural integrity of surfaces is essential. Graphene coatings are applied to the exterior body panels of vehicles to provide a protective layer against scratches caused by various reasons. Graphene coatings can protect the screens and casings of electronic devices from scratches, improving the longevity and visual appeal of these devices.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=69854439
Automotive and aerospace segments to dominate the graphene coating market.
In the large and ever-changing graphene coating market, the automotive and aerospace industry remains the undisputed leader. Among many other end-use industries, it leads due to its application popularity. Graphene coatings provide superior scratch resistance, protecting the exterior paintwork of the car from environmental elements, UV radiation, and chemical exposure, contributing to the longevity and appearance of the vehicle. Graphene coatings are used for thermal management applications, providing improved heat dissipation and reducing the risk of overheating in automotive and aerospace components. Graphene coatings are used to reduce the weight of aerospace components, contributing to improved fuel efficiency and reduced emissions. Graphene coatings are applied to the exterior surfaces of aerospace components, such as aircraft fuselages, wings, and tail sections, to provide protection against environmental elements, corrosion, and wear. The automotive and aerospace business is the backbone of the graphene coating industry, leading the way for other applications with its diverse appeal and enduring relevance.
Asia Pacific accounts for the largest market share and the highest CAGR in the global graphene coating market.
Asia Pacific region dominated the global graphene coating market in 2022 by holding the largest market share. Furthermore, this region is projected to experience the highest Compound Annual Growth Rate (CAGR) from 2023 to 2028. The Asia Pacific has emerged as a thriving and promising market for graphene coating, driven by the region’s substantial and rapidly expanding population. With approximately 60% of the world’s population residing in this region, the extensive utilization of graphene coating across various applications is quite notable. In addition, the region’s impressive economic expansion has supported the growing demand for graphene coating in a variety of industries, including automotive, electronics and aerospace, along with the development of industrial applications. Because of the region’s constantly changing consumer base and government backing for the automotive and aerospace sectors, Asia-Pacific plays a significant role in meeting the world’s demand for graphene coating.
Get Customized Reports: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=69854439
Market Players
Prominent companies in the graphene coating market include NanoXplore Inc. (Canada), Vorbeck Materials Corp (US), Universal Matter (Canada), Xiamen Knano Graphene Technology Co., Ltd (China), Graphenea Inc. (Spain), Grafoid Inc.(Canada), KISHO Corporation Co., Ltd. (Japan), Haydale Graphene Industries PLC (UK), Directa Plus S.p.A. (UK), Petroliam Nasional Berhad (PETRONAS) (Malaysia), Global Graphene Group (US), Deyang Encarbon Technology Co., Ltd. (China) and others.
Browse Adjacent Market: Advanced Materials Market Research Reports
Related Reports:
Automotive Coatings Market– Global Forecast to 2028
Graphene Market– Global Forecast to 2025
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/graphene-coating-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/graphene-coating.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/graphene-coating-market-worth-496-million-by-2028-exclusive-report-by-marketsandmarkets-301997707.html