Graphene oxide (GO) is a single-atomic layered material. The component is an oxidized form of graphene. It is cheap and readily available. The chemical is dispersible in water and other solvents. Graphene is a thin material that appears to be two-dimensional. As it is a poor conductor, the chemical is frequently sold in scattered powder or as a coating on substrates. Further, there is increasing demand for the product in several end-use industries such as electronics, aerospace, automotive & transportation, aerospace, construction, defense, textile, and healthcare. Growing demand for nanotechnology in the electronic product industry is estimated to expand the industry growth forward.
The outbreak of the COVID-19 pandemic impacted a variety of businesses around the world. Strict government regulations and harsh restrictions such as lockdowns and social distancing measures declined the product demand. The market witnessed a slowdown in import and export activities. Lack of labor or workers halted production activities. The shutdown of several industries globally hindered the product demand among consumers. As per Business Research Insights, the global market of graphene oxide is anticipated to hit USD 76 million by 2027, exhibiting a CAGR of 36.5% during the forecast period. The growing demand from the automotive sector is likely to aid the industry’s expansion.
Business Research Insights Identifies the Following as the Top 10 Leading Companies in the Global Graphene Oxide Industry:
1. Global Graphene Group
Global Graphene Group is an award-winning company. It is a leading material science technology and product solutions company focused on graphene. The company gained popularity in commercializing graphene raw materials and graphene-enabled applications, including nanocomposite. The company’s subsidiaries are Honeycomb, Angstron Materials, Nanotek Instruments, and Battery. It was founded in 2016.
2. Graphenea
Graphenea is a privately-held European company (based in Spain). The company focuses on the production of high-quality graphene for industrial applications. It produces both CVD graphene and graphene oxide materials. It offers graphene on several substrates. The company has developed a leading synthesis and transfer process. It was founded in 2010.
3. Abalonyx AS
Abalonyx specializes in graphene oxide. Its role is to develop rGOs with high conductivity for use in ink development. The Norway-based company has a strong production in R&D and is related to graphene oxide and its derivatives.
4. Garmor
The company has the vision to develop a new cost-effective and environment-friendly graphene oxide flakes production. It is situated in Florida with a strong customer base. The company increases its in-house capacity to 100 tons per year. It aims to manufacture and sell graphene across the world.
5. ACS Material
The goal of the company is to provide high-quality nanomaterial technical proposals, services, or products. The products include single-layer graphene, graphene oxide, carboxyl graphene, and graphene nanoplates. The company is committed to developing advanced nanomaterials.
6. Cheap Tubes
Cheap Tubes was founded in 2005 by Mike Foley. The mission of the company is to provide high-quality nanomaterials at low cost worldwide. The company gained popularity at a high rate for its strong supply chains. In 2014, the company moved to its new manufacturing facility in Cambridge port. Silver nanowires were the first product of the company.
7. The Sixth Element Materials
Founded in 2011, the company is the world-leading manufacturer of graphene-based products with strong R&D. It has new products for batteries, reinforced plastics, energy storage coatings, and adhesives. The company has a capacity of 1000 t/a. Further, it is ISO 9001 certified since September 2014 and holds EU-REACH registrations.
8. BGT Materials Limited (BGT)
BGT Materials Limited (BGT) is dedicated to developing graphene technology to enhance lives. It has pioneered high-quality and large-area production. The company has achieved strong commercialization of graphene-enhanced applications. It has a customized supply chain and great research & development programs.
9. E Way Technology
Established in April 2000, the company has improved manufacturing processes and high product quality. It has an advanced material department that manufactures graphene related products. It also consists of an electronic component department.
10. Nanoinnova
Nanoinnova claims to have used sustainable chemistry methodologies, which is responsible for its large product portfolio. The company has large energy storage devices and is engaged in the development of new biosensors. It was founded in 2010 and is located in Spain.
Growing Need for Nanotechnology to Foster Market Expansion
Increasing demand from multiple applications is likely to facilitate the adoption of the material. Growing R&D activities by colleges, research institutes, and business are responsible for facilitating market development. Further, the material extensively used in the automotive sector will surge the product demand. The properties associated with the product, such as renewable, flexible, lightweight, and long-lasting materials, have driven the market growth across the world.