Introduction to Asia-Pacific (APAC) 2D Materials Market
The Asia-Pacific 2D materials market (excluding China) is projected to reach $756.0 million by 2031 from $95.2 million in 2022, growing at a CAGR of 25.9% during the forecast period 2022-2031. Along with the growing need from end-use sectors including energy storage devices, electronics, semiconductors, composite and coatings, pharmaceuticals, automotive, and others, it is projected that the market for 2D materials would expand. Additionally, it is predicted that the global market for 2D materials will continue to grow throughout the projected period of 2022–2031, driven primarily by the growing use of 2D materials in the healthcare sector and the growing use of non-graphene 2D materials like Mxene, TMDCs, hexagonal boron nitride, and others. However, it is projected that in the near future, the high cost of production would impede market expansion.
Market Introduction
The 2D materials industry in Asia-Pacific (APAC) is expanding. The region’s fuel cell vehicle market is expected to grow as a result of rising fuel cell adoption rates as well as increased focus on pollution prevention and decarbonization. Furthermore, the strong demands from end-user industries and the expanding requirement for transparent conductive films (TCF) in the electronics industry would likely lead to increased demand in the APAC market. The market for 2D materials is anticipated to continue growing as a result of the growing nanomaterials market in Asia-Pacific. Interestingly, applications in sports equipment and photovoltaics in the area are driving demand for 2D materials.
Market Segmentation:
Segmentation 1: by End User
- Composite and Coatings
- Energy Storage Devices
- Electronics
- Semiconductor
- Pharmaceuticals
- Automobiles
- Others
Segmentation 2: by Material Type
- Graphene
- Black Phosphorous
- Transition Metal Dichalcogenides
- Mxene
- Hexagonal boron nitride
- Others
Segmentation 3: by Country
- Japan
- India
- South Korea
- Australia
- Rest-of-Asia-Pacific and Japan
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader to understand the different material types involved in 2D materials. Moreover, the study provides the reader with a detailed understanding of the Asia-Pacific 2D materials market based on the end user (composite and coatings, energy storage devices, electronics, semiconductors, pharmaceuticals, automobiles, and others). 2D materials are gaining traction in end-user industries on the back of sustainability concerns and their high durability properties. They are also being used for controlling greenhouse gas (GHG) emissions.
Growth/Marketing Strategy: The Asia-Pacific 2D materials market has seen major development by key players operating in the market, such as business expansions, partnerships, collaborations, mergers and acquisitions, and joint ventures. The favored strategy for the companies has been product developments, business expansions, and acquisitions to strengthen their position in the Asia-Pacific 2D materials market.
Competitive Strategy: Key players in the Asia-Pacific 2D materials market analyzed and profiled in the study involve 2D materials manufacturers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the Asia-Pacific 2D materials market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts, analyzing company coverage, product portfolio, and market penetration.
Some of the prominent established names in this market are:
- 6Carbon Technology
- Nitronix Nanotechnology Corporation
- 2D Water