Report Overview

Japan graphene market is flourishing at a high rate because of the rapid switch from carbon fiber to graphene for the development of new materials. Moreover, due to its superior characteristics, such as high electrical conductivity, heat resistance, etc., Japan’s graphene market is growing by leaps and bounds.

Japan Graphene Market- Industry Trends & Forecast Report 2027

The growing demand for graphene in Japan’s semiconductor and electronics industries substantially drives the Japan graphene market, which is estimated to grow at a CAGR of 17.0% by 2027. The growth of graphene market in Japan is due to the rapid shift from carbon fiber to graphene for the development of new materials due to its superior characteristics, such as electrical conductivity, heat resistance, etc. Furthermore, the wide application of graphene in various industries, such as automotive and transportation, electronics, military, and defense, etc., is also driving the Japan Graphene market.

Japan Graphene Market- Overview

The graphene is a bilayer structure consisting of a hexagonal lattice of carbon atoms. This material is gaining enormous popularity due to its remarkable strength. Graphene is 200 times stronger than steel and is an excellent conductor of heat and electricity. Furthermore, this material can absorb light at all visible wavelengths with a high degree of efficiency. As a result, it is widely employed in anti-corrosion coatings and paints, efficient and precise sensors, electronics, flexible displays, solar panels, and other applications.

Japan Graphene Market Forecast and Trends

Growth Drivers

High Concentration of Automotive Manufacturers

The automobile industry in Japan is dominated by global giants such as Suzuki Motor, Nissan, Mitsubishi, and Honda. To meet the growing demand for automobiles, these companies are significantly expanding their production capacities. The increasing automobile production is therefore boosting graphene demand in Japan. Graphene serves as sensor material in vehicles powered by combustion engines. It is also used in thermoelectric elements that can recover waste heat from the motor. Thus, the flourishing Japanese automotive industry is contributing to the growth of the Japan graphene market.

Growing Construction Activities in Japan

Since Japan is an emerging economy, it is investing heavily in infrastructure construction. As construction activities continue to grow, Graphene is likely to see a surge in demand. Graphene is commonly used as a waterproofing layer in construction. Graphene can also aid in preventing freezing and melting in structures that are exposed to extremely cold temperatures. Furthermore, graphene additive is a liquid-based solution that preserves concrete and cement's color. These characteristics of Graphene are driving the growth of the Japan graphene market.

Restraints

Negative Influence of Graphene on Organism’s Health

Graphene's side effects on the human body are major restraining factors for the Japan graphene market. Research has shown that graphene materials cause dose-dependent toxicity in animals and cells. It negatively affects the liver, causes kidney injury, lung granulomas, and decreases cell viability. Furthermore, graphene can also cause inflammation and cancer. There are health risks associated with graphene, which limits its adoption and hinders the market growth.

Impact of COVID-19 on Japan Graphene Market

Japan graphene market was negatively halted by the sudden outbreak of the COVID-19 pandemic. The graphene market is mainly driven by manufacturing industries, such as electronics, automotive, and transportation. Therefore, their operations were completely halted when the government imposed a lockdown to stop the spread of the virus. The result was a complete decline in demand for graphene in Japan, incurring huge losses for manufacturers. The market is expected to rebound quickly in the post-COVID-19 period, as demand for electronics such as smartphones is increasing and industrial activities are resuming.

Japan Graphene Market - By Type

Based on types, the Japan graphene market is segmented into bulk graphene and monolayer graphene. Bulk graphene, also known as graphene nanoplatelets (GNPs), accounts for the largest market share because of its wide application in various industries, such as composites and coatings, energy, medical devices, etc. Due to its properties such as high elasticity and flexibility, hardness and resistance, electrical and thermal conductivity, etc., this material is also seeing a growing demand in the aerospace and automotive industries.

Japan Graphene Market - By Application

Based on applications, the Japan graphene market is categorized into composites, energy harvesting & storage, paints, coatings & inks, electronics, catalyst, tire, and others. Among these, the electronics segment holds the largest share in the Japan graphene market because of its high electrical conductivity, elasticity, flexibility, and hardness. The presence of global electronic giants in Japan, such as Fujitsu, Panasonic, NTT Docomo, Sony, Fujifilm, Hitachi, etc., is expected to fuel the growing demand for graphene in Japan during the forecast period.

Japan Graphene Market - By End-User

Based on end-users, the Japan graphene market is segmented into automotive & transportation, aerospace, electronics, military & defense, construction, and others. The electronics segment accounts for the largest market share. Graphene is utilized as a covering on current touch screens for tablets and phones to increase their performance. Computer circuits can also be made using this material. With the increasing penetration of smartphones and other devices and expanding manufacturing capacities, graphene demand is expected to surge in the forecast period.

Japan Graphene Market - Competitive Landscape

The leading players in the Japan graphene market are OCSiAl, Graphene Platform Corporation, Osaka Gas, AirMembrane Corporation, Tracxn, NanoGraf Corporation, Adeka, IBM Labs, Kaneka InALA - Incubation Alliance, and other prominent players.

Japan graphene market is fragmented, with the presence of several industry participants. However, because the market is still in its early stages, it is open to new entrants. To boost product penetration among small and medium-sized businesses, the companies concentrate on enhancing their distribution and supply chains. They also spend a lot of money on research and development to increase the quality of their graphene products. In addition, competitive techniques such as partnerships, mergers, acquisitions, joint ventures, and so on are common in this industry.

Recent Developments

• In August 2021, Japanese giant Daikin Industries Ltd. became a shareholder of the world’s largest producer of graphene nanotubes, OCSiAl, for developing graphene nanotube applications as a next-generation additive.
• In July 2021, Tirupati Graphite PLC, a London-based graphite and graphene producer, announced its preliminary agreement with Japan’s Hanwa Co., to expand its product portfolio in Japan.

Scope of the Report

By Type

• Bulk Graphene
• Monolayer Graphene

By Application

• Composites
• Energy Harvesting & Storage
• Paints, Coatings & Inks
• Electronics
• Catalyst
• Tire
• Other

By End User

• Automotive & Transportation
• Aerospace
• Electronics
• Military & Defense
• Construction
• Others