2D Materials Market to be Dominated by Pharmaceuticals Application Through 2028

Rising demand for graphene type to drive the Global 2D Materials Market in the forecast period

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.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global 2D Materials Market.”

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.

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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