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 165 market data Tables and 47 Figures spread through 203 Pages and in-depth TOC on "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"
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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.
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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.
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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).
NanoXplore Inc. (Canada)
NanoXplore Inc. holds a prominent position top graphene coating manufacturer and supplier within various applications, including corrosion-resistant, scratch-resistant, flame retardant and others. With operations in significant regions like Europe, North America and Latin America in the graphene coating market, the company continues to have a global footprint. NanoXplore has big plans for the future. They want to make five times more graphene and battery materials, reaching 20,000 tons per year in five years. The company lays a great emphasis on carrying out acquisitions as a key part of its strategic growth plan, which helps it gain a competitive edge in the graphene coating industry. For instance, in September 2022 company acquired assets of XG Sciences; Silicon-graphene anode materials.
Market Highlights Global Ceramic Coating Market is estimated to be valued at USD 12.5 Billion by 2027 and register a CAGR of 5.0% during the forecast period.The Global Ceramic Coating Market is projected to witness a surging growth in the coming assessment period owing to the widespread use of ceramic coatings in diverse end-use industries, such as automotive, aerospace & defense, chemicals, and healthcare.
The growth is mainly attributed to the growth of the automotive industry, especially in emerging economies, such as China, India, and Mexico, due to an increase in production of automotive, rising adoption of electric vehicles, booming population, and growth in per capita spending of individuals.
In the healthcare industry, ceramic coatings are widely used in surgical instruments, prosthetic limbs & hips, dental reconstruction, vascular stents, and personal hygiene products.
Segmental Analysis According to MRFR analysis, the Global Ceramic Coating Market has been segmented based on Material Type, Technology, End-Use Industry, and Region.Based on material type, the global ceramic coating market has been segmented into oxide, silica, alumina-magnesia, carbide, nitride, and others.
The segment is expected to witness the fastest growth with a CAGR around 6% in the study period owing to its exceptional properties such as low thermal conductivity, good wear and corrosion resistance, and cost efficiency compared to other ceramic coatings.Based on technology, the global market has been segmented into thermal spray, chemical vapor deposition, physical vapor deposition, and others.
The high market share is mainly due to its outstanding compatibility with any material and is widely used technology to deploy ceramic coatings on diverse end-use applications.
Industry InsightsThe global graphene market was valued at USD 23.7 million in the year 2015 and is estimated to grow at a CAGR of 36.7% over the forecast period.
Its superior properties such as high electron mobility and permeability has resulted in making it one of the most important materials in the energy, composite and electronic sectors.
Graphene is also used in making laptop circuit boards and personal computers apart from touch screens for mobile phones and tablets.
It can also be used as a semiconductor on account of its low thickness.
Composites have applications in numerous industries which consist of engineering materials, aerospace and medical implants.
By adding small proportions of nanoplatelets, polymers such as plastic or rubber can be made conductive.
A detailed study by Fact.MR on the Architectural Coatings market provides an in-depth evaluation of various growth drivers, trends, and opportunities, the prevailing regulatory landscape in various regions, and the competitive scenario amidst the COVID-19 pandemic.
The manufacturers in the coating binders market are shifting their focus from solvent-based coatings to water-based coatings.
The report provides insight into the major drivers and key restraining factors, emerging trends, and sources of new revenue streams over the assessment period.
It provides insights into key trends and favorable macroeconomic frameworks in prominent revenue-generating regions.
It provides a detailed scenario of the existing demand and consumption patterns of various key product types.
The in-depth assessment of various growth dynamics of the Coating Binders market and insights on market estimations help all market participants to stay ahead in the curve of growth with a worldwide economic impact of COVID-19.
The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
