TheGlobal Graphene Nanoparticles Marketaccounted for 42.6 Million in 2021.
The rising demand for electronics from various sectors including automotive, medical, and industrial is seen to be driving the Global Graphene Nanoparticles Market. Exponential demand for op-amp from the radar navigation and defense electronics application sectors in developed countries such as France, Germany, and the U.K are generous contributions to the market growth. Furthermore, the presence of medical electronics and navigation instrument industries in the European and North American also upholds a considerable market share.
During the last few years, many prominent players have invested significant capital coupled with well-established infrastructure which has supported the growth of the market. The semiconductor industry has been facing a severe shortage of semiconductor chips which has created the demand-supply gap. Many companies have expanded the production capacity within a short period of time, which drives the demand for graphene nanoparticles across the globe. Moreover, technological advancement in the electronics sector also contributes to the market growth; For instance, in February 2017, Texas Instruments announced a modification in the op-amp architecture by fusing proprietary input to extend the precision of common-mode signals anywhere within its power rails.
North Americaheld major shares in the global market, owing to the growing production of consumer electronics, mobile communications, displays, next-generation LCDs, the Internet of things, and automotive electronics. The presence of major semiconductor manufacturers in China, Japan, South Korea, and others is boosting the regional market growth to some extent. According to the International Trade Administration (ITA), Korean imports of semiconductors grew by 3.52% from 2014 to 2015, from USD 35.3 billion to USD 36.7 billion. Market in the LAMEA region is primarily driven by factors such as high demand for lane changing assistance, automatic parking, and safety features. The emergence of the internet of things in the automotive sector also contributes to accelerating market growth. For instance, in March 2018, MAG robotic investment signed a contract with Emaar properties for the construction of an automated parking facility at Dubai Marina.Some of the prominent players operating in the global graphene nanoparticles market are - Angstron Materials Inc, XG Sciences, Inc., ACS Materials LLC, Group NanoXplore Inc., Applied Graphene Materials plc., CVD Equipment Corporation, Strem Chemicals, Inc., XG Sciences, Inc., Xiamen Knano Graphene Technology Corporation Limited, FGV Cambridge Nanosystems Ltd., Directa Plus PLC, and Haydale Graphene Industries Inc.,