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MXene Market

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.<br>

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MXene Market

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  1. MXENE MARKET Page . 1 | Web . www.industryarc.com Mail – sales@industryarc.com

  2. Choosing the Right Consulting Partner is Choosing the Choosing the Right Consulting Partner is Choosing the Growth Path OUR EXPERTISE - END TO END CONSULTING Energy and Power Life sciences and Healthcare IT & Consulting Consumer & Retail Electronics Chemicals and Materials

  3. TABLE OF CONTENTS Topics Slide No Chapter 01: MXENE Market Overview - 004 Chapter 02: MXENE Market Executive Summary - 011 Chapter 03: MXENE Market Comparative Analysis - 016 Chapter 04: MXENE Market Forces - 024 Chapter 05: MXENE Market Strategic Analysis - 031 Chapter 06: MXENE Market - By Material - 037 Chapter 07: MXENE Market - By Form - 047 Chapter 08: MXENE Market - By Layer - 050 Chapter 09: MXENE Market – By Application - 053 Chapter 10: MXENE Market – By Geography - 064 Chapter 11: MXENE Market - Entropy - 083 Chapter 12: MXENE Market Company Profiles - 085

  4. CHAPTER - 1 MXENE MARKET OVERVIEW

  5. 1. MARKET OVERVIEW Overview • MXene, a kind of two-dimensional material of early transition metal carbides and carbonitrides, have emerged as a unique class of layered-structured metallic materials with attractive features, as good conductivity comparable to metals, enhanced ionic conductivity, hydrophilic property derived from their hydroxyl or oxygen-terminated surfaces, and mechanical flexibility. • The growing research and development on mxene coupled with its wide usage in various application is a major factor propelling its market growth.. Market Classification Source: IndustryARC Analysis and Experts Insight

  6. MXENE MARKET – RESEARCH METHODOLOGY

  7. MARKET OVERVIEW: RESEARCH METHODOLOGY (1/4) Data Analysis Preliminary Research • After the corroboration of data, the team of analysts moves toward understanding how the market has evolved over the years • The overall market size is gathered after analysing various segments and verticals of the market • An impact analysis is also carried out to fathom the factors that would possibly affect the market in the next few years • Bottom-up approach along with statistical modelling based on the various factors was applied while estimating value for each of the segments. It was estimated through primary as well as secondary sources across major countries and regions. • Defined market scope • Key points such as market trends, performance and market dynamics for the MxeneMarket are identified, which are then used to estimate the market to the best extent. 1 6 Verification Data Gathering • A number of secondary sources have been utilized for data gathering. • Various trade bodies and associations were taken into consideration to understand the dynamics of the market. • Dedicated for thorough check of all data points that have been incorporated and rechecked against various data sources • Key data points are collected from paid secondary databases and successively validated from primary sources. • The market shares are further validated through expert interviews with key industry players, with respect to specific segments 2 5 3 4 Data Synthesis Forecast Methodology • The time series forecasting methodology is applied based on the overall industry growth along with the assessment of micro and macro factors prevalent in the industry • The forecasting model is an iterative tool and is backed by historical trends of the market along with a regressive mathematical model that assesses the value based on factors such as capital expenditure, service cost, and so on. • At this stage, the micro and macro factors prevalent in each region are analysed and various patterns in historical data are identified and compared with the current scenario. • Companies are identified and a detailed analysis is carried out on the Mxene related products provided by the companies.

  8. RESEARCH METHODOLOGY: SECONDARY SOURCES (2/4) Secondary Sources: Mxene Market (Partial List) Secondary Sources: Company financials, magazines, journals, press releases, paid databases, in-house data repository, company websites, Manufacturer’s Associations, journals and white papers.

  9. RESEARCH METHODOLOGY : PRIMARY SOURCES (3/4) Primary Sources: Mxene Market (Partial List)

  10. SOURCES (4/4) Breakdown of Primary Interviews, By Designation, % Breakdown of Primary Interviews, By Country, % Total No of Primaries Conducted: 50

  11. CHAPTER - 02 MXENE MARKET EXECUTIVE SUMMARY

  12. 2. EXECUTIVE SUMMARY (1/4) Mxene Market Revenue, By Material, 2021 and 2027 (%) 2021 2027 Mxene Market Revenue, By Form, 2021 and 2027 (%) 2021 2027 • The Mxene market is analyzed to be $26.4m in 2021 and is projected to reach $121.5m in 2027, growing at a CAGR of 29.24% during the forecast period 2022-2027. • By Material, Carbon segment accounted for the dominant market share in 2021. This is mainly owing to the wide usage of carbon for the manufacture of mxene owing to its various advantages including strong electronegativity, metallic conductivity, excellent mechanical characteristics, and an abundance of surface groups. • Powder segment is also analyzed to grow at a higher rate owing to the presence of major players providing wide range of mxene powder for various application. For instance, Nanochemzone provides, mxene in the powder form for various application such as battery and supercapacitors.

  13. 2. EXECUTIVE SUMMARY (2/4) Mxene Market Revenue, By Layer, 2021 and 2027 (%) • By Layer, the multi-layered stacked mxenes segment dominated the market share in 2021. This segment generated a revenue of $23.76m in 2021, and is projected to reach $108.14m by 2027, growing at a CAGR of 29.00% during the forecast period 2022-2027. This is mainly owing to the growing usage of it owing to its various benefits such as relative simplicity and good controllability of the etching systems involving HF, they are the most commonly adopted. • The battery segment is also analyzed 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, making MXenes promising not only as electrode materials but also as other components in the cells of emerging batteries. 2021 2027 Source: IndustryARC Analysis, Expert Insights

  14. CHAPTER - 04 MXENE MARKET FORCES

  15. 4.1. DRIVERS - IMPACT ANALYSIS (1/3) Mxene Market - Drivers

  16. 4.1. DRIVERS - IMPACT ANALYSIS (2/3) Growing usage of mxene in biomedical application is analyzed 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. • In addition, as contrast agents, tumor location can be monitored in real-time through bioimaging while treating cancer. In addition, the modified MXenes can also carry anticancer drugs and release drugs in a targeted manner.

  17. CHAPTER - 05 MXENE MARKET STRATEGIC ANALYSIS

  18. 5.1. VALUE CHAIN ANALYSIS (1/2) Mxene Market, Value Chain Analysis • The value chain analysis deals with the comprehensive evaluation of each activity involved in the processing of any product and finally delivering it to the end users. Each stage across the value chain of the product or service is associated with creating some sort of monetary value. The value chain of a product or service, can offer the company to examine every activity across the value chain and identify the steps where elimination or modification is essential. • The value chain of the Mxene market involves various stages such as Raw Materials Supplier, Manufacturer, Research & Development by manufacturer, Regulatory Agencies, Supplier/Distributor and End Users. • Initially companies procure raw materials such as carbon, nitrogen, aluminium, silicon, germanium and many more from the suppliers present in the country. Then the raw materials are utilized by the manufacturer for the manufacturing of the product, research and development by manufacturer are carried out, regulatory agencies approval, suppliers/distributor and end-users. • Researchers at Drexel have been making MXene in small quantities – typically 1g or less – since they first synthesized the material in 2011. This layered nanomaterial, which looks like a powder in its dry form, starts as a piece of ceramic called a MAX phase. When a mixture of hydrofluoric and hydrochloric acid interacts with this MAX phase, it etches away certain parts of the material, creating the nanometer-thin flakes characteristic of Mxenes. Source: IndustryARC Analysis and Expert Insights

  19. 5.1. VALUE CHAIN ANALYSIS (2/2) Mxene Market, Value Chain Analysis • . • The value chain of mxene involves various stages in which the manufacturers employ rigorous techniques and do research and development to come up with the best product suitable for various end-users. • After that approval of products by the regulatory bodies and availability of the products through distributors . The distributor are selling the products and increases the profit margin. • Distributors are selling products directly to the end-users which help provide a reasonable profit to various companies. During all this process, the safety and efficacy are determined and then only the product is approved for marketing or commercialization. Source: IndustryARC Analysis and Expert Insights

  20. CHAPTER - 07 MXENE MARKET - BY FORM

  21. 7.1. POWDER (1/1) • MXenes are generally obtained through polycrystalline powder (size less than 38 microns) of chemical etching MAX phase compounds. They have been widely used in nano-adsorption, biosensors, ion sieving, catalysis, lithium-ion batteries, supercapacitors, lubrication and many other fields.’ • The powdered MXenes are also used in electronic devices as well as industrial application where electrical conduction is required at high temperatures. Hence, it is expected to boost the demand for MXenespoweder form in various industrial appliance which in turn is estimated to increase the market size. • Powder segment of MXene Market generated a revenue of $24.82 million in 2021 and is projected to reach a revenue of $113.00 million by 2027 growing at a CAGR of 29.01% during 2022-2027. Powder: MXene Market Revenue, 2021-2027 ($M) Source: IndustryARC Analysis, Expert Insights

  22. 7.2. WET PASTE (1/1) • Due to improved diffusivity, wet paste MXenes can be used in various applications including material resistance, thermal management, and metal substitution. • MXenes can be dispersed in organic solvents such as propylene carbonate, ethanol, DMF (dimethylformamide), DMSO (dimethyl sulfoxide) as well as a water solution. This property of MXene enabled introduction of various synthesis techniques such as formation of MXene composites, deposition requiring solution processing techniques, preparation of printing inks, etc. MXenes synthesized by the solution processing technique are stored as colloidal solutions or inks by dissolving in aqueous or organic solvents, and the stability of these solutions varies depending on the solvents. • Wet Paste segment of MXene Market generated a revenue of $1.58 million in 2021 and is projected to reach a revenue of $8.51 million by 2027 growing at a CAGR of 32.56% during 2022-2027. Wet Paste: MXene Market Revenue, 2021-2027 ($M) Source: IndustryARC Analysis, Expert Insights

  23. CHAPTER - 09 MXENE MARKET – BY APPLICATION

  24. 9.1 SUPERCAPACITOR (1/1) • It is essential to look into novel supercapacitor electrode materials in order to advance the development of supercapacitors and their applications in contemporary electronics. Due to its distinct physicochemical characteristics, Ti3C2Tx MXene, a representative member of the emerging 2D MXenes, has demonstrated tremendous potential for supercapacitor electrodes. • The most recent developments in Ti3C2Tx-based supercapacitor electrodes with a focus on the critical part that Ti3C2Tx MXene plays in the remarkable electrochemical performance and associated mechanisms. • Due to their ultrahigh density and pseudocapacitive charge storage mechanism in sulfuric acid, MXene films are appealing for use in advanced supercapacitor electrodes. However, the rate capability and mass loading of MXene nanosheets are significantly impacted by their self-restacking. A promising electrode material for flexible, portable, and small storage devices is thus this free-standing, nanoporous, flexible MXene film. Supercapacitor: Mxene Market Revenue, 2021-2027 ($M) Source: IndustryARC Analysis, Expert Insights

  25. 9.2 BATTERY (1/1) • Over the past few years, research into battery technology of the future has increased. The absence of suitable electrode materials has been a major obstacle for these new batteries, severely restricting their ability to advance. • Due to their numerous advantageous properties, MXenes, a new class of 2D transition metal carbides, carbonitrides, and nitrides, are suggested as electrode materials for these developing batteries. These qualities make MXenes promising not only as electrode materials but also as other components in the cells of emerging batteries. They include large and tunable interlayer spaces, excellent hydrophilicity, extraordinary conductivity, compositional diversity, and an abundance of surface chemistries. • Some MXenes have emerged as very promising electrode materials for metal-ion batteries because of their low adsorption energy and low diffusion barrier for certain metal ions. MXenes are also used in lithium-sulfur batteries and alkaline metal batteries to preserve the integrity of the electrode structure and enhance the performance stability of the battery due to their distinct mechanical and structural characteristics. MXenes have thus been widely utilized in numerous new types of battery systems. Battery: Mxene Market Revenue, 2021-2027 ($M) Source: IndustryARC Analysis, Expert Insights

  26. CHAPTER – 10 MXENE MARKET – BY GEOGRAPHY

  27. 10.4 APAC (1/5) China China: Mxene Market Revenue, 2021-2027 ($M) • Adaptive optoelectronics and somatosensory soft robotics can both benefit from the development of a bioinspired phototropic MXene-reinforced soft tubular actuator that Tianjin University researchers created in 2022. Because of its high light-tracking accuracy, quick sensing, and continuous tracking, this artificially intelligent material that resembles a sunflower has long attracted the attention of researchers and engineers. • A bioinspired phototropic MXene-reinforced liquid crystal elastomer (LCEs) soft tubular actuator with omnidirectional self-orienting capability has now been designed and created by researchers at the School of Materials Science and Engineering of Tianjin University under the direction of Professor Feng Wei. LCEs have a wide range of beneficial characteristics, such as multi-stimuli responsiveness, mechanical characteristics akin to muscles, large and reversible actuation, as well as programmable shape-morphing performance, which gives it applications outside of materials. Additionally, the LCE soft tubular actuator is equipped with quick photothermal actuation and improved mechanical properties thanks to the polymerizable MXene nanomonomer. Source: IndustryARC Analysis, Expert Insights

  28. CHAPTER - 12 MXENE MARKET COMPANY PROFILES

  29. 12.2. DREXEL NANOMATERIALS INSTITUTE(1/2) Drexel Nanomaterials Institute: Product Portfolio • Drexel Nanomaterials Institute : Business Overview Note: Drexel Nanomaterial Institute is a research as well as a educational institute. Hence, financials are not disclosed in public domain. Research & Development: Mxenes discovered by the Drexel Institute finds its application in a wide range of things such as energy storage including sprayable electromagnetic interference shielding, which it was found to be the best performing synthetic material for this application per thickness of materials. Other applications that have been found are sprayable antennas, several biomedical applications,  water purification and beyond. Source: Company’s Website

  30. 12.2. DREXEL NANOMATERIALS INSTITUTE(2/2) Drexel Nanomaterials Institute: Developments

  31. Thank You! IndustryARC +1 614-588-8537/38 sales@IndustryARC.com Page - 31 | Web - www.industryarc.com Mail – sales@industryarc.com

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