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Graphene Market Key News, Price Trend, 2021 Size Outlook, Share Value and Industry Forecast to 2028
As per a report Published by Fortune Business Insights™ The global graphene industry size is expected to gain momentum by reaching USD 2,864.1 million by 2027 while exhibiting an astounding CAGR of 39% between 2020 and 2027. This is attributable to the increasing demand for sustainability solutions and the rising aviation sectors across the globe. This information is published by Fortune Business Insights, in its latest report, the report further mentions that the market stood at USD 225.1 million in 2019 and is projected to rise in the forthcoming years.

Increasing Adoption of Graphene Products amid COVID-19 to Favor Growth

The novel coronavirus has led to disruptions amongst several global economies owing to a complete halt in operations and activities to contain the spread of the disease. There has been a spike in the demand for antibody-conjugated graphene sheets that accurately detect the virus and are adopted for population screening. Owing to multiple benefits provided by the product, it is being extensively adopted across several industrial applications that are expected to contribute to the growth of the graphene market.

Graphene is primarily a single layer of carbon atoms that are tightly bound in a hexagonal honeycomb mesh. They are widely adopted in several industrial applications such as automotive, energy & power, and aerospace. They further possess several attributes such as light-weight, high tensile strength, and good conductor of heat. Additionally, they provide sustainable solutions to an array of applications that propels their demand across several industries globally.


REGIONAL INSIGHTS

Europe to Remain at the Forefront; Increasing Demand for Electric Vehicles to Aid Growth

Among all the regions, the graphene market leaders in Europe is expected to remain dominant and hold the highest position in the global graphene market during the forecast period. This dominance is attributable to the increasing demand for electric vehicles owing to stringent environmental regulations in the region. North America stood at USD 63.2 million in 2019 and is expected to experience an exponential growth in the forthcoming years. This is ascribable to factors such as the presence of several small and medium scale graphene manufacturers in countries such as the U.S. between 2020 and 2027.

COMPETITIVE LANDSCAPE

Collaboration between Major Companies to Consolidate Their Market Positions

The graphene market is highly fragmented by the presence of major companies such as XG Sciences, Grolltex, Inc, Graphenea, Inc, and AMO GmbH, among others. These companies are collaborating with each other to improve the quality of products and strengthen their position to gain a competitive edge in the global marketplace. Other key players are adopting strategies such as partnership, the introduction of a new product, and merger and acquisition that is anticipated to favor the global graphene market growth in the forthcoming years.

Industry Development:

January 2020: The Graphene Flagship announced its collaboration with other leading industries in Europe to commercialize graphene-enabled products. The collaboration is expected to include EURO 92 million co-funded by the companies that is aimed at promoting the products across several industrial applications such as automotive, energy, and aerospace.

Source: https://www.fortunebusinessins....ights.com/graphene-m

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Protective Clothing Market to Watch Post-COVID
As per study by Fortune Business Insights™, the global protective clothing industry is anticipated to be driven by the rising government norms worldwide to maintain workplace safety, especially in the manufacturing, food processing, construction, healthcare, and chemical industries. Also, the increasing cases of accidental injuries and mortalities would affect the market positively. The study further states that the protective clothing market size was USD 12.48 billion in 2019 and is projected to reach USD 34.31 billion by 2027, exhibiting a CAGR of 14% during the forecast period.

Regional Analysis-

North America to Dominate Fueled by Strict Laws by OSHA Regarding Workers’ Safety

The market is regionally categorized into the Middle East and Africa, Latin America, Asia Pacific, Europe, and North America. Out of these, North America procured USD 4,677.9 million revenue in 2019. It is set to dominate throughout the forecast period. This growth is attributable to the rising number of stringent norms put forward by the Occupational Safety and Health Administration (OSHA) to ensure workers’ safety. The organization has formed certain safety standards associated with industrial disasters, such as manufacturing machinery failures, fires, and others. Asia Pacific would grow rapidly backed by the rising rates of occupational accidents in the developing countries, such as South Korea, India, and China.

Segment-

Rising Usage of Protective Clothing to Prevent Injuries will Drive the Chemicals Segment

Based on end use, the market is fragmented into oil & gas, firefighters, chemical, pharmaceutical, and others. Amongst these, the chemical segment is expected to procure the largest share owing to the increasing usage of protective clothing in the chemical industry for preventing injuries caused by hazardous chemicals, such as cleaning agents, degreasers, and paints. Besides, workers in several industries are nowadays exposed to various types of toxic chemicals. The oil & gas segment, on the other hand, held 13.5% protective clothing market share in 2019.

Competitive Landscape-

Key Manufacturers Aim to Enhance Portfolio through Acquisitions

A large number of manufacturers and distributors are mainly focusing in the development of more sustainable and recyclable materials for a wide range of industries. They are also adopting the set of norms provided by the government agencies worldwide. In addition to that, they are following the strategy of mergers and acquisitions to broaden their product portfolio & serve their consumers better.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessins....ights.com/protective

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