Japan Graphene Market Size, Insights, Industry Trend, Forecasts to 2032
The Japan Graphene Market Size is anticipated to grow at a CAGR of 17.7% from 2022 to 2032. The graphene market in Japan is thriving due to the rapid transition from carbon fiber to graphene for the development of new materials. Furthermore, the graphene market in Japan is expanding rapidly due to its superior properties such as high electrical conductivity, heat resistance, and so on.
Graphene is a two-dimensional crystalline carbon structure consisting of a single layer of carbon atoms forming a honeycomb lattice or multiple connected layers of this honeycomb structure. Because of its incredible strength, this material is gaining huge popularity. Graphene is 200 times harder than steel and a superb heat and electricity conductor. Furthermore, this material has a high efficiency of light absorption at all visible wavelengths. As a result, it's used in anti-corrosion coatings and paints, efficient and precise sensors, electronics, flexible displays, solar panels, and a variety of other applications.
The increasing demand for graphene in Japan's semiconductor and electronics sectors propels the Japan graphene market, which is expected to expand at a CAGR of 17.7% by 2032. The rapid move from carbon fiber to graphene for the development of novel materials due to its superior features, such as electrical conductivity, heat resistance, and so on, is driving the growth of the graphene market in Japan. Furthermore, the widespread use of graphene in a variety of industries, including automotive and transportation, electronics, military and defense, and so on, is propelling the Japan Graphene market.
Japan Graphene Market Report Coverage
|Forecast Period 2022-2032 CAGR:||17.7% CAGR|
|Historical Data for:||2020 to 2022|
|No. of Pages:||120|
|Tables, Charts & Figures:||93|
|Segments covered:||By Type, By Application, By End User, Country Statistics (Demand, Price, Growth, Competitors, Challenges)|
|Companies Covered:||• OCSiAl • Graphene Platform Corporation • Osaka Gas • AirMembrane Corporation • Tracxn • NanoGraf Corporation • Adeka • IBM Labs • Kaneka InALA - Incubation Alliance • Others|
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This research report categorizes the market for the Japan graphene market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the graphene market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the graphene market.
Global giants such as Nissan, Suzuki Motor, Mitsubishi, and Honda dominate the Japanese automobile industry. These companies are significantly expanding their production capacities to meet the growing demand for automobiles. As a result of rising automobile production, graphene demand in Japan is increasing. In vehicles powered by combustion engines, graphene is used as a sensor material. It is also used in thermoelectric elements that recover motor waste heat. As a result, Japan's thriving automotive industry is contributing to the expansion of the Japan graphene market.
As an emerging economy, Japan is heavily investing in infrastructure construction. Graphene is likely to see an increase in demand as construction activities continue to expand. In the construction industry, graphene is commonly used as a waterproofing layer. Graphene can also help to prevent freezing and melting in structures exposed to very cold temperatures. Furthermore, graphene additive is a liquid-based solution that keeps the color of concrete and cement. These properties of graphene are driving the growth of the graphene market in Japan.
The adverse effects of graphene on the human body are major impediments to the Japanese graphene market. Graphene materials have been shown in studies to cause dose-dependent toxicity in animals and cells. It has a negative impact on the liver, causes kidney damage, lung granulomas, and reduces cell viability. Furthermore, graphene has been linked to inflammation and cancer. There are health risks associated with graphene, which limits its use and slows market growth.
The Japan Graphene Market share is classified into type, application, and end user.
- The bulk graphene segment is expected to grow at the highest pace in the Japan graphene market during the forecast period.
The Japan graphene market is segmented by type into bulk graphene and monolayer graphene. Among these, the bulk graphene segment is expected to grow at the highest pace in the Japan graphene market during the forecast period. The growth can be attributed to its wide application in various industries such as composites and coatings, energy, medical devices, and so on, bulk graphene, also known as graphene nanoplatelets (GNPs), commands the largest market share. This material is also in high demand in the aerospace and automotive industries due to its properties such as high elasticity and flexibility, hardness and resistance, electrical and thermal conductivity, and so on.
- The electronics segment is expected to grow at the fastest rate in the Japan graphene market over the forecast period.
Based on the application, the Japan graphene market is divided into composites, energy harvesting & storage, paints, coatings & inks, electronics, catalyst, tire, and other. Among these, the electronics segment is expected to grow at the fastest rate in the Japan graphene market over the forecast period. Its rapid growth can be attributed to its superior electrical conductivity, flexibility, elasticity, and hardness. The existence of global electronic gigantic companies such as Fujitsu, Panasonic, NTT Docomo, Sony, Fujifilm, Hitachi, and others in Japan is projected to contribute to the increasing demand for graphene throughout the projected period.
- The electronics segment is expected to account for the highest CAGR in the Japan graphene market during the forecast period.
The Japan graphene market is divided by end user into automotive & transportation, aerospace, electronics, military & defense, construction, and others. Among these, the electronics segment is expected to account for the highest CAGR in the Japan graphene market during the forecast period. To improve the performance of modern touch screens for tablets and phones, graphene is used as a covering. This material can also be used to make computer circuits. Graphene demand is expected to rise during the forecast period due to rising smartphone and other device penetration and expanding manufacturing capacity.
The report offers the appropriate analysis of the key organizations/companies involved within the Japan graphene market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Graphene Platform Corporation
- Osaka Gas
- AirMembrane Corporation
- NanoGraf Corporation
- IBM Labs
- Kaneka InALA - Incubation Alliance
Key Target Audience
- Market Players
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- In August 2021, Daikin Industries Ltd., a Japanese conglomerate, has become a shareholder of OCSiAl, the world's largest producer of graphene nanotubes, in order to develop graphene nanotube applications as a next-generation additive.
This study forecasts revenue at Japan, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Japan Graphene Market based on the below-mentioned segments:
Japan Graphene Market Size, By Type
- Bulk Graphene
- Monolayer Graphene
Japan Graphene Market Share, By Application
- Energy Harvesting & Storage
- Coatings & Inks
Japan Graphene Market Insights, By End User
- Automotive & Transportation
- Military & Defense
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