There is increasing demand for consumer electronics, such as tablets and mobile phones, owing to the growing purchasing power of consumers. Graphene is widely used in electronics due to its superior properties, including excellent thermal and electrical conductivity, transparency, permeability, and strength. Graphene is used in manufacturing crucial elements in electronic devices, such as microchips or transistors. Besides, it is used as a coating to enhance current touch screens for phones and tablets. It can also be used to make the circuitry for computers, making them incredibly fast.
Further, graphene oxide is extensively used in various applications, including transparent conductive films for myriad smartphones, optoelectronic devices, supercapacitors, and flexible electronic devices. Also, graphene's unique properties of thinness and conductivity have led to its applications as a semiconductor.
According to IPC International, Inc., the electronic industry's global compound annual growth rate is at 3.7% from 2018 to 2023. Thus, the increasing demand for consumer electronics and the growing electronics & semiconductor industry across the region are expected to create lucrative growth opportunities for the graphene market.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East & Africa graphene market at a substantial CAGR during the forecast period.
Middle East & Africa Graphene Market Segmentation
The Middle East & Africa graphene market is analyzed on the basis of type, application, and country. Based on type, the market is segmented into monolayer and bilayer, graphene nano-platelets, graphene oxide, and others. In 2020, the graphene oxide segment held the largest share of the market. The graphene nano-platelets segment is expected to register a higher CAGR during the forecast period. Based on application, the market is segmented into composites, functional inks, paints & coatings, energy storage, electronics, polymer additives, RFID, and others. In 2020, the electronics segment held the largest market share. The energy storage segment is expected to register the highest CAGR in the market during the forecast period.
Based on country, the Middle East & Africa graphene market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. In 2020, South Africa held the largest market share and is further expected to grow at the fastest CAGR during the forecast period.
XG Sciences; The Sixth Element Materials Technology Co., Ltd; Directa Plus S.p.A; AVANZARE INNOVACION TECNOLOGICA SL; Thomas Swan & Co. Ltd.; Morsh; and Perpetuus Advanced Materials PLC are the leading companies in the Middle East & Africa graphene market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 63.81 Million |
| Market Size by 2028 | US$ 507.63 Million |
| CAGR (2021 - 2028) | 34.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East & Africa Graphene Market is valued at US$ 63.81 Million in 2021, it is projected to reach US$ 507.63 Million by 2028.
As per our report Middle East & Africa Graphene Market, the market size is valued at US$ 63.81 Million in 2021, projecting it to reach US$ 507.63 Million by 2028. This translates to a CAGR of approximately 34.5% during the forecast period.
The Middle East & Africa Graphene Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Graphene Market report:
The Middle East & Africa Graphene Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Graphene Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Graphene Market value chain can benefit from the information contained in a comprehensive market report.
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