The global 2D materials market is expected to reach $4,000.0 million by 2031, growing at a CAGR of 25.3% from $526.1 million in 2022. The demand for 2D materials is driven by industries such as composite and coatings, energy storage devices, electronics, semiconductors, pharmaceuticals, automobiles, and others. The adoption of 2D materials in the healthcare industry and the use of non-graphene 2D materials like Mxene and Hexagonal boron nitride are expected to further drive market growth. However, high production costs may hinder growth in the future.
The market for 2D materials is in the growth phase, with increasing demand from industries like fuel cell vehicles and electronics. The market is also benefiting from the expanding nanomaterials market, driven by applications in photovoltaics and sports equipment.
Key players in the market include NanoXplore, Cabot Corporation, Thomas Swan & Co. Ltd., Ossila Ltd, ACS Material LLC, American Elements, and others. The market is segmented by end users, with composite and coatings accounting for the largest market share in 2021.
Recent developments in the market include NanoXplore’s acquisition of XG Sciences’ assets, enhancing its capabilities in graphene and battery materials.
Drivers for market growth include the adoption of 2D materials in energy storage, healthcare, and electronics industries, while limitations include the lack of large-scale production of high-quality graphene and high production costs.
The report provides detailed insights into market dynamics, business strategies, corporate strategies, and opportunities in the 2D materials market. It also covers applications, products, regions, competitive benchmarking, and company profiles.
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