Graphene Oxide Market Estimated To Garner USD 854.7 Million By 2029

Research Nester published a report titled Graphene Oxide Market: Global Demand Analysis & Opportunity Outlook 2029″ which delivers detailed overview of the global graphene oxide market in terms of market segmentation by type, application, end-use industry, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

Graphene is the strongest material in the world, as well as one of the lightest, most conductive and transparent in nature. Graphene oxide has endless potential applications, in almost every industry, such as electronics, medicine, and aviation among others. As graphene is expensive and relatively hard to produce, great efforts are made to find effective yet inexpensive ways to make and use graphene derivatives or related materials. Graphene oxide (GO) is one of those materials and is a single-atomic layered material, made by the powerful oxidation of graphite, which is cheap and abundant. The global graphene oxide market accounted for USD 81.0 Million in 2020 and is estimated to garner USD 854.7 Million by the end of 2029 by growing at a CAGR of 30.3% over the forecast period i.e., 2021-2029

The global graphene oxide market is segmented by end-use industry into automotive & transportation, electronics, aerospace & defense, construction, textile, healthcare, and others. Among these segments, the electronics segment is anticipated to hold the largest market revenue of USD 161.2 Million by the end of 2029. Further, based on application, the market is segmented into composites, paints, coatings & inks, energy storage & conversions, electronics & photonics, mask & other PPEs, catalyst, rubber, tires & other elastomers, and others, out of which, the energy storage & conversions segment is anticipated to hold the largest market share throughout the forecast period and garner a revenue of USD 140 Million by the end of 2029.

Geographically, the global graphene oxide market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, out of which, the market in North America is estimated to hold leading market share throughout the forecast period and further attain a revenue of USD 336.5 Million by the end of 2029, up from USD 33.2 Million in 2020. The growth of the market in this region can be attributed to the US government’s growing initiatives to upgrade the healthcare sector, especially after the COVID-19 outbreak.

However, the high production cost & difficulty in mass production is anticipated to operate as key restraint to the growth of global graphene oxide market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global graphene oxide market which includes company profiling of NanoXplore Inc., Global Graphene Group, Graphenea, Inc., Avanzare Innovacion Tecnologica S.L., Directa Plus S.p.A., Cheap Tubes, BGT Materials Limited, The Sixth Element Materials Technology Co. Ltd., Garmor Tech, ACS Material, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global graphene oxide market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

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