MXene Market - Forecast(2024 - 2030)

The global MXene Market is analyzed to be $26.4 million and is projected to reach $121.5 million in 2027, growing with a CAGR of 29.24 % during 2022-2027. The MXene market is segmented by material, by form, by layer, and by application in this report. The market is also segmented by geography, which include North America, South America, Europe, and Asia-Pacific.

 

MXene Market is segmented by material such as Carbon, Nitrogen, Aluminum, Silicon, Germanium, Titanium, Molybdenum, and others. Carbon segment, in particular, generated more than half of total revenue in the 2021 MXene market owing to it various applications in industrial fields such as energy-related materials, electromagnetic shielding/absorbent, bio-parts, and composite materials.

By form, the majority of market share in 2021 is from the powder segment, and it is also analyzed to grow at a higher rate owing to the presence of major players providing wide range of MXenes powder for various application. For example, they can be used in nano-adsorption, biosensors, ion sieving, catalysis, lithium-ion batteries, supercapacitors, lubrication and many other fields where electrical conduction is required at high temperatures.

In terms of layer, the multi-layered stacked MXenes segment dominated the market share in 2021. Multi-layered MXenes have been used to develop a mechanically robust conductive coating that can maintain performance under heavy stretching and bending. MXene multilayer coatings also can be deposited onto flexible polymer sheet, stretchable silicones, nylon fiber, glass and silicon.

MXene Market is segmented by its various application such as Supercapacitor, Battery, Catalyst, Biomedical, Water Purification, Optoelectronics, Electromagnetic Shielding, Gas Sensors, Conductive Coating, and Others. The battery segment is analyzed to hold the dominance and to grow steadily during the forecast period owing to the various desirable attributes including large and tunable interlayer spaces, excellent hydrophilicity, extraordinary conductivity, compositional diversity, and abundant surface chemistries. 

MXene Market Segment Analysis - By Geography/Country 

The report comprises of the region wise study of the global market including North America, South America, Europe, and Asia-Pacific. Among them, North America region accounted for the dominant market share in 2021 based on key institutes and a series of MXene R&D activities in the region providing MXenes for many applications. 

The growing usage of MXene in biomedical application is set to aid the market growth. Many researchers have concentrated on the biomedical applications of two-dimensional materials, such as hexagonal boron nitrides (h-BN), graphene and its derivatives, transition metal oxides (TMOs), layered double hydroxides (LDHs), and MXenes, due to the rapid development of biomedicine and the alluring physiochemical properties of these materials. MXenes have more functional groups on their surface than other 2D materials, which makes modification easier. Additionally, MXenes have hydrophilicity, full metal atomic layers, and programmable composition, which together with their hydrophilicity make them perfect for biomedical applications. The main applications of MXenes in biomedical field include bioimaging, antibacterial, biosensing, drug delivery, tissue engineering, and various therapeutic methods owing to its various benefits. For example, MXenes have strong light absorption and conversion ability in near infrared, so they can be used for tumor ablation, which is called photothermal therapy that can reach deep in tissues of the bodies, be specific to cancer cells, and has less harm to human body. This is set to drive the MXene market in the future.

Major companies in the global MXene Market profiled in this report include American Elements, Drexel Nanomaterials Institute, Nanochemazone, The Graphene Council, The Manufacturing Futures Institute, Murata Manufacturing Co., Ltd., Carbon-Ukraine Ltd, Japan Material Technologies Corporation, Vienna University of Technology, Beijing Beike New Material Technology Co., Ltd. And others. Technology launches, acquisitions, partnerships and R&D activities are key strategies adopted by the key players in the MXene market. 

The base year of the study is 2021, with forecast done up to 2027. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. These provide the key market participants with the necessary business intelligence and help them understand the future of the MXene market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, and MXene manufacturing method analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the key global MXene Market players, to define, describe and analyze the sales value, market share, SWOT analysis and development plans in upcoming years.

By Material: Carbon, Nitrogen, Aluminum, Silicon, Germanium, Titanium, Molybdenum, and Others
By Form: Powder, Wet Paste
By Layer: Multi-Layered Stacked Mxenes, Single/Few Layered Mxenes
By Application: Supercapacitor, Battery, Catalyst, Biomedical, Water Purification, Optoelectronics, Electromagnetic Shielding, Gas Sensors, Conductive Coating, and Others.
By Region: North America, South America, Europe, Asia-Pacific