Graphene Oxide Market Share

Asia Pacific Market Forecast

The Asia Pacific industry is expected to dominate majority revenue share of 39% by 2037. The growth of the market in the region can be attributed majorly to the rising need to treat wastewater and the alarming shortage of clean water in a few nations in the Asia Pacific region. India is among the most water-stressed in the world because it has 18 percent of the world's population but just 4 percent of the water resources. Moreover, India's current water treatment capacity is nearly 27%, and its current sewage treatment capacity is about 19 % and around 5% of capacity has been further added. Moreover, the treatment capacity of waste and sewage water in India is higher than the average capacity of other nations which is around 20%. Furthermore, the increasing efforts to boost the production of graphene in the region is expected to augment the Asia Pacific’s market growth. For instance, in order to boost the graphene supply, Chinese researchers have begun producing graphene from corn. This innovation could make graphene more affordable, and also considerably increase the material's supply. Moreover, the largest manufacturer of graphene nanotubes, OCSiAl, now has Daikin Industries Ltd. of Japan as a shareholder. A USD 2 billion cooperation deal between the two businesses has been signed to create, manufacture, and commercialize graphene nanotube solutions for fluoropolymers and next-generation Li-ion batteries.