2-D Materials Market Size

Global 2-D Materials Market Overview

2-D Materials Market Size was valued at USD 2.6 Billion in 2023. The 2-D Materials market industry is projected to grow from USD 2.71 Billion in 2024 to USD 3.62 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.69% during the forecast period (2024 - 2032). Increased technological advancements in the electronics market and growing demand for user-friendly devices are the key market drivers enhancing the market growth.Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

2-D Materials Market Trends

• 
  

  Expanding in electronics and photonics is driving the market growth

  
  

The rising 2-D in electronics and photonics drives market CAGR for 2-D materials. 2-D materials exhibit exceptional electrical, optical, and mechanical properties, making them ideal candidates for next-generation electronic devices and photonics applications. Graphene, in particular, has garnered immense attention due to its exceptional electrical conductivity, high carrier mobility, and transparency. It holds promise for applications in flexible electronics, transparent conductive films, and high-speed transistors. Other 2-D materials like MoS2, hBN, and phosphorene are also being explored for their unique properties and potential applications, including photodetectors, optoelectronics, and sensors. Higher performance, miniaturization, and energy efficiency drive the increasing adoption of 2-D materials in electronics and photonics. As the demand for advanced electronic devices and high-speed communication systems continues to rise, 2-D materials offer a pathway for innovation and progress. Moreover, integrating 2-D materials with existing technologies, such as silicon-based electronics, enables the development of hybrid systems with enhanced functionality and improved performance.

Initially, the synthesis of 2-D materials was limited to the laboratory scale, hindering their commercial viability. However, significant progress has been made in developing scalable production methods, enabling large-scale manufacturing. One notable breakthrough is the development of chemical vapor deposition (CVD) techniques, which allow the synthesis of high-quality 2-D materials on a large scale. CVD techniques enable the growth of uniform and defect-free monolayers of various 2-D materials, opening up new possibilities for their integration into commercial applications. Additionally, researchers are exploring alternative methods, such as liquid-phase exfoliation and plasma-enhanced synthesis, which offer unique advantages in terms of cost-effectiveness and scalability. The implications of advancements in production techniques and scalability are manifold. Firstly, it reduces the cost of 2-D materials, making them more accessible for widespread adoption. Secondly, the availability of high-quality 2-D materials facilitates the exploration of new applications and encourages collaborations between material scientists, device manufacturers, and end-users. Finally, improved scalability paves the way for integrating 2-D materials into existing manufacturing processes, enhancing performance and functionality in various industries.

The third major trend in the 2-D materials market revolves around emerging energy storage and conversion opportunities. With the growing focus on sustainable energy solutions, the demand for efficient energy storage and conversion technologies has intensified. 2-D materials present exciting prospects in this domain due to their unique electrochemical, catalytic, and optical properties. Graphene, for instance, has demonstrated excellent performance in energy storage devices, such as supercapacitors and lithium batteries. Its large surface area, high electrical conductivity, and mechanical strength enhance energy storage and faster charging capabilities. Other 2-D materials like MXenes and metal chalcogenides have also shown promise for energy storage applications. In addition to energy storage, 2-D materials hold potential for energy conversion devices, including solar cells, fuel cells, and water-splitting systems. Their ability to absorb light across a broad spectrum and their tunable bandgaps and catalytic properties make them attractive candidates for efficient energy conversion. Ongoing research and development efforts aim to improve the efficiency, stability, and cost-effectiveness of 2-D material-based energy devices, paving the way for their commercialization shortly.

The 2-D materials market is experiencing significant growth, driven by advancements in production techniques, expanding application scopes in electronics and photonics, and emerging energy storage and conversion opportunities. These trends reshape various industries, offering new possibilities for innovation and technological breakthroughs. As research and development efforts continue, it is expected that the commercial adoption of 2-D materials will accelerate, leading to transformative changes in numerous sectors and contributing to a more sustainable and advanced future, driving the 2-D Materials market revenue.

2-D Materials Market Segment Insights

2-D Materials Materials Insights

The 2-D Materials market segmentation, based on materials, includes graphene, TMDCs, black phosphorus, and boron nitride. The graphene category generated the most income. It possesses exceptional electrical conductivity, high carrier mobility, and mechanical strength. Graphene finds applications in electronics, energy storage, composites, and biomedical fields.

2-D Materials Application Insights

The 2-D Materials market segmentation, based on application, includes semiconductors, aerospace, consumer electronics, healthcare, and energy. The consumer electronics segment dominated the market. Materials like graphene, transition metal dichalcogenides (TMDs), and black phosphorus have gained popularity in this segment due to their excellent electrical conductivity, high carrier mobility, and optical properties. These materials find applications in transistors, integrated circuits, sensors, photodetectors, light-emitting diodes (LEDs), and solar cells.

Figure 1: 2-D Materials Market, by Application, 2022 & 2032 (USD Billion)Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

2-D Materials Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American 2-D Materials market area will have significant growth this market, due to the advanced research infrastructure and a strong focus on technological innovation. In addition, the region's well-established electronics and semiconductor industries have been key drivers for adopting 2-D materials in various applications. The United States has been in front of 2-D materials research, with several academic institutions and companies actively developing and commercializing these materials.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: 2-D MATERIALS MARKET SHARE BY REGION 2022 (USD Billion) Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe's 2-D Materials market accounts for the second-largest market share. The region strongly emphasizes research and development, with numerous collaborations between academia and industry to explore the potential of 2-D materials. The European Union has also invested in several initiatives and projects to accelerate the growth of the 2-D materials market. Additionally, a robust European automotive sector has contributed to the increasing use of 2-D materials in energy storage and lightweight materials. Further, the German 2-D Materials market held the largest market share, and the UK 2-D Materials market was the rapid-growing market in the European region.

The Asia-Pacific 2-D Materials Market will dominate the CAGR from 2023 to 2032. The countries have made substantial investments in research and development activities related to 2-D materials and have established advanced manufacturing capabilities. The region's thriving semiconductor, electronics, and energy sectors are expected to fuel the demand for 2-D materials further. Moreover, China’s 2-D Materials market held the largest market share, and the Indian 2-D Materials market was the significant-growing market in the Asia-Pacific region.

2-D Materials Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the 2-D Materials market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the 2-D Materials industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the 2-D Materials industry to benefit clients and increase the market sector. The 2-D Materials industry has offered some of the most significant medical advantages in recent years. Major players in the 2-D Materials market, including 2-D tech (UK), ACS materials (US), Planar Tech (US), Garmor (US), Thomas-swan (UK), Nitronix (US), and others, are attempting to raise market demand by investing in research and development operations.

NanoXplore, founded in 1995, and located in Montreal, Quebec, is a Canadian graphene company that manufactures and supplies high-volume graphene powder to be used in industrial markets. The company provides standard and custom graphene-enhanced plastics and composite products to its customers in transportation, packaging, pipe, film, electronics, and other industries. The company's manufacturing facilities are also spread in North America and Europe. The carbon technology includes graphene production, compounding, plastic forming, and composites product. In September 2022, NanoXplore purchased XG Sciences' assets. This procurement greatly enhances its intangible assets associated with graphene and battery materials augmented by graphene, and it also expedites the industry's entry into the rechargeable batteries material market.

The International Business Machines Corporation (IBM), also known as Big Blue, founded in 1911, located in Armonk, New York, USA, is an American international technology corporation that specializes in computer hardware, software, and middleware and provides consulting services in areas of mainframe computers to nanotechnology. It is the biggest industrial research organization in the world. In June 2021, IBM launched the new 2D materials-based keyboard for the ThinkPad X1 Carbon.

Key Companies in the 2-D Materials market include

• 
  

  2-D tech (UK)

  
  


• 
  

  ACS materials (US)

  
  


• 
  

  Planar Tech (US)

  
  


• 
  

  Garmor (US)

  
  


• 
  

  Thomas-swan (UK)

  
  


• 
  

  Nitronix (US)

  
  

2-D Materials Industry Developments

November 2021: The team of people from Singapore has come across an electric current 2D material sensor that helps detect breast cancer cells. This ultra-sensitive sensor can detect an electric signal of cancer cells. It is the first research to use 2D materials to detect electrical signals of breast cancer cells. These materials are gaining traction from various sectors due to their extraordinary electronic properties.

July 2020: Apple introduced a new 2D materials-based processor for the iPhone 12.

2-D Materials Market Segmentation

2-D Materials Materials Outlook

• 
  

  Graphene

  
  


• 
  

  TMDCs

  
  


• 
  

  Black Phosphorus

  
  


• 
  

  Boron Nitride

  
  

2-D Materials Application Outlook

• 
  

  Semiconductor

  
  


• 
  

  Aerospace

  
  


• 
  

  Consumer Electronics

  
  


• 
  

  Healthcare

  
  


• 
  

  Energy

  
  

2-D Materials Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America