According to TechSci Research report, “2D Materials Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F,” the Global 2D Materials Market is anticipated to upsurge at an impressive rate in the forecast period, 2024-2028. A significant factor fueling the growth of the Global 2D Materials Market is increasing demand from the pharmaceutical Industry. 2D materials are known or their great strength, low weight, flexibility, and excellent heat and electricity conductivity. For instance, graphene is a million times thinner than paper, almost transparent, and thought to be the world’s strongest substance. Additionally, increasing consumption of graphene-based goods with the standardization and demand for various other materials like energy storage devices & semiconductors, automobiles & airplanes, and others, will further fuels the growth of Global 2D Materials market.
In the upcoming era, Electric Vehicles (EVs) will play a pivotal role in driving sustainable development. Similarly, 2D materials will continue to hold significant importance in the realm of electronic and energy-saving devices, as well as semiconductor manufacturing. Consequently, they exhibit unique capabilities in areas such as batteries, alternative drivetrains, and propulsion.
2D Materials Market Overview
The 2D materials market is gaining rapid attention across multiple high-tech sectors due to the unique properties of materials that are only a few atoms thick. These materials, including graphene, transition metal dichalcogenides (TMDs), hexagonal boron nitride (h-BN), and others, offer exceptional electrical, thermal, and mechanical performance. Their lightweight nature and conductivity make them ideal for applications in electronics, energy storage, sensors, photonics, and biomedical devices.
Market Drivers
One of the primary drivers of the 2D materials market is the demand for next-generation electronic devices. 2D materials enable the development of ultra-thin, flexible, and high-performance components, especially in semiconductors and display technologies. The energy sector is another major contributor, with growing use of graphene and similar materials in batteries, supercapacitors, and solar cells due to their excellent conductivity and energy storage capabilities. Ongoing research and government funding in nanotechnology are also pushing the commercial development of 2D materials.
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Global 2D Materials Market is segmented based on type, application, region, and competitive landscape. On the basis of type, the market is classified into graphene, black phosphorous, silicone, transition metal dichalcogenides (TMDs), hexagonal boron nitride, and others. Graphene is projected to dominate the market during the forecast period of 2024-2028. Graphene-based supercapacitors exhibit exceptional charge-discharge properties, while TMDs have demonstrated efficiency in catalytic reactions within fuel cells and solar cells. Following closely are Hexagonal Boron Nitride (h-BN), Silicene, and Germanene. Hexagonal Boron Nitride (h-BN) is a 2D material comprising alternating boron and nitrogen atoms arranged in a hexagonal lattice. It acts as an insulator with excellent thermal conductivity, making it ideal for applications such as thermal management in electronics and as a protective coating. The h-BN is also utilized in combination with graphene to create heterostructures with unique properties. Silicene and Germanene, on the other hand, are the 2D counterparts of silicon and germanium, respectively. While sharing some similarities with graphene, they possess a buckled structure due to the heavier atoms. The unique band structures and compatibility with existing silicon-based technology make Silicene and Germanene promising for applications in electronics, spintronics, and quantum computing.
In terms of application, the market is segmented into pharmaceuticals, energy storage devices & semiconductors, automobiles & airplanes, and others. Pharmaceuticals are anticipated to hold the largest market share during the forecast period of 2024-2028. The use of 2D materials offers promising prospects for drug delivery systems. Their large surface area and ease of functionalization make them well-suited for carrying and releasing therapeutic agents. These materials can be modified to encapsulate drugs, protecting them from degradation and enabling controlled release at specific sites in the body.
Market Opportunities
There is considerable opportunity in integrating 2D materials into flexible electronics, wearable technology, and transparent conductive films. Emerging applications in quantum computing, biomedicine (such as drug delivery systems), and water purification are also opening new frontiers. The growing push for sustainable and efficient materials in aerospace and automotive sectors adds further potential, as 2D materials can enhance strength while reducing weight.
Market Challenges
The market faces challenges related to large-scale production, quality control, and integration into existing manufacturing processes. Producing defect-free, uniform 2D materials at commercial scale remains technically complex and costly. Additionally, the lack of standardization in materials and processes, as well as limited commercial readiness for some applications, may slow down adoption. Regulatory and environmental considerations for handling nanomaterials must also be addressed.
Major companies operating in the Global 2D Materials Market are:
- BASF SE
- NanoXplore Inc.
- Cabot Corporation
- Thomas Swan & Co. Ltd.
- Ossila Ltd
- Materials Pte Ltd
- Nitronix Nanotechnology Corporation
- Smart-elements GmbH
- ACS Material LLC
- Layer One – Advanced Materials
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“Asia Pacific region is expected to grow at the highest rate in the global 2D materials market during the forecast period due to its population which boosts the demand in the pharmaceutical industry. Based on the findings of GLOBOCAN 2020, a comprehensive study of global cancer statistics across 185 countries, cancer emerges as one of the most devastating diseases worldwide. It is responsible for approximately 19.3 million new cases and nearly 10 million fatalities in 2020. According to the World Health Organization (WHO) assessments, cancer stands as the leading or second-leading cause of death in 112 nations and the third or fourth leading cause in 23 out of 183 countries for individuals under the age of 70.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“2D Materials Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Type (Graphene, Black Phosphorous, Silicone, Transition Metal Dichalcogenides, Hexagonal Boron Nitride, Others), By Application (Pharmaceuticals, Energy Storage Devices & Semiconductors, Automobiles & Airplanes, and Others), By Region and Competition,” has evaluated the future growth potential of global 2D materials market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global 2D Materials Market.
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