1. Global Mxene Material Market Revenue Analysis by Region
In the Americas, the value increased from 2.26 M USD in 2018 to 12.35 M USD in 2023, with a growth rate that fluctuated over the years. Asia-Pacific mxene material market witnessed a rise from 3.03 M USD in 2018 to 16.97 M USD in 2023, showing a relatively stable growth trend. Europe’s value grew from 1.58 M USD in 2018 to 6.78 M USD in 2023. The Middle East & Africa had a more modest increase from 0.17 M USD in 2018 to 0.61 M USD in 2023.
Table Global Mxene Material Value (M USD) by Regions 2018-2023
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Americas | 2.26 | 3.41 | 4.82 | 7.24 | 9.86 | 12.35 |
Asia-Pacific | 3.03 | 4.38 | 6.28 | 9.60 | 13.20 | 16.97 |
Europe | 1.58 | 2.25 | 3.04 | 4.31 | 5.58 | 6.78 |
Middle East & Africa | 0.17 | 0.22 | 0.29 | 0.42 | 0.51 | 0.61 |
Total | 7.04 | 10.26 | 14.43 | 21.57 | 29.16 | 36.70 |
In 2018, the Americas accounted for 32.13%, Asia-Pacific held 43.03%, Europe had 22.48%, and the Middle East & Africa had 2.36%. Over the years, the Americas’ share fluctuated around 33%-34%, with a slight decrease in 2023 to 33.64%. Asia-Pacific’s share remained relatively stable above 43% and reached 46.24% in 2023. Europe’s share steadily declined from 22.48% to 18.46% by 2023. The Middle East & Africa’s share decreased marginally from 2.36% to 1.66% during this period. This data showcases the evolving competitive landscape and regional dominance trends within the global Mxene material market over these five years.
Table Global Mxene Material Value Market Share by Regions 2018-2023
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Americas | 32.13% | 33.23% | 33.44% | 33.58% | 33.82% | 33.64% |
Asia-Pacific | 43.03% | 42.71% | 43.49% | 44.48% | 45.28% | 46.24% |
Europe | 22.48% | 21.90% | 21.08% | 20.00% | 19.14% | 18.46% |
Middle East & Africa | 2.36% | 2.17% | 1.99% | 1.94% | 1.76% | 1.66% |
Total | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
2. Global Mxene Material Market Consumption Analysis by Region
In terms of consumption volume, the Americas saw an increase from 11.8 Kg in 2018 to 56.5 Kg in 2023. Asia-Pacific had the highest consumption, growing from 37.2 Kg in 2018 to 213.1 Kg in 2023. Europe’s consumption rose from 8.5 Kg in 2018 to 35.0 Kg in 2023, and the Middle East & Africa’s consumption increased from 1.3 Kg to 4.8 Kg over the same period. Regarding market share, Asia-Pacific dominated, with its share ranging from 63.25% in 2018 to 68.88% in 2023. The Americas’ share decreased from 20.02% in 2018 to 18.27% in 2023. Europe’s share declined from 14.48% in 2018 to 11.31% in 2023, and the Middle East & Africa’s share dropped from 2.24% in 2018 to 1.54% in 2023. Overall, these tables vividly depict the disparities and changes in Mxene material consumption across different regions during this period.
Table Global Mxene Material Consumption (Kg) by Regions 2018-2023
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Americas | 11.8 | 18.4 | 25.2 | 34.9 | 45.9 | 56.5 |
Asia-Pacific | 37.2 | 57.1 | 81.0 | 119.1 | 163.9 | 213.1 |
Europe | 8.5 | 12.6 | 16.8 | 22.2 | 28.7 | 35.0 |
Middle East & Africa | 1.3 | 1.9 | 2.4 | 3.3 | 4.0 | 4.8 |
Total | 58.8 | 89.9 | 125.4 | 179.5 | 242.5 | 309.4 |
Table Global Mxene Material Consumption Market Share by Regions 2018-2023
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Americas | 20.02% | 20.42% | 20.11% | 19.43% | 18.92% | 18.27% |
Asia-Pacific | 63.25% | 63.51% | 64.57% | 66.38% | 67.59% | 68.88% |
Europe | 14.48% | 14.00% | 13.43% | 12.37% | 11.84% | 11.31% |
Middle East & Africa | 2.24% | 2.06% | 1.89% | 1.82% | 1.65% | 1.54% |
Total | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
3. Americas Mxene Material Market Analysis
United States had the highest value, starting at 1.67 M USD in 2018 and reaching 9.75 M USD in 2023, with its market share fluctuating but generally remaining high, from 73.66% in 2018 to 78.98% in 2023. Canada’s value grew from 0.24 M USD to 1.17 M USD during this period, with a market share varying between 10.76% and 9.51%. Mexico’s value increased from 0.12 M USD to 0.42 M USD, and its market share decreased from 5.12% to 3.42%. The “Others” category also had a value increase from 0.24 M USD to 1.00 M USD, with a market share ranging from 10.47% to 8.09%.
Table Americas Mxene Material Value (M USD) by Countries (2018-2023)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
United States | 1.67 | 2.55 | 3.69 | 5.60 | 7.69 | 9.75 |
Canada | 0.24 | 0.35 | 0.44 | 0.67 | 0.97 | 1.17 |
Mexico | 0.12 | 0.17 | 0.23 | 0.31 | 0.37 | 0.42 |
Others | 0.24 | 0.34 | 0.47 | 0.66 | 0.84 | 1.00 |
Total | 2.26 | 3.41 | 4.82 | 7.24 | 9.86 | 12.35 |
Table Americas Mxene Material Value Market Share by Countries (2018-2023)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
United States | 73.66% | 74.79% | 76.39% | 77.37% | 77.94% | 78.98% |
Canada | 10.76% | 10.23% | 9.19% | 9.22% | 9.86% | 9.51% |
Mexico | 5.12% | 4.92% | 4.68% | 4.27% | 3.71% | 3.42% |
Others | 10.47% | 10.05% | 9.75% | 9.15% | 8.50% | 8.09% |
Total | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
4. Asia Pacific Mxene Material Market Analysis
China led with a value that grew from 1.90 M USD in 2018 to 10.77 M USD in 2023, maintaining a significant market share ranging from 62.78% in 2018 to 63.45% in 2023. South Korea’s value increased from 0.28 M USD to 1.50 M USD, with its market share fluctuating around 9% or so. Japan’s value rose from 0.49 M USD to 3.01 M USD, and its market share varied between 16.22% and 17.71%. India’s value expanded from 0.11 M USD to 0.65 M USD, accompanied by a market share change from 3.74% to 3.85%. Australia and Southeast Asia also witnessed value growth and corresponding market share fluctuations.
Table Asia-Pacific Mxene Material Value (M USD) by Countries (2018-2023)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
China | 1.90 | 2.78 | 3.99 | 6.09 | 8.45 | 10.77 |
South Korea | 0.28 | 0.39 | 0.54 | 0.82 | 1.15 | 1.50 |
Australia | 0.08 | 0.12 | 0.16 | 0.23 | 0.30 | 0.35 |
Japan | 0.49 | 0.72 | 1.06 | 1.66 | 2.25 | 3.01 |
India | 0.11 | 0.16 | 0.23 | 0.36 | 0.50 | 0.65 |
Southeast Asia | 0.10 | 0.13 | 0.17 | 0.26 | 0.32 | 0.40 |
Others | 0.06 | 0.08 | 0.11 | 0.18 | 0.23 | 0.30 |
Total | 3.03 | 4.38 | 6.28 | 9.60 | 13.20 | 16.97 |
Table Asia-Pacific Mxene Material Value Market Share by Countries (2018-2023)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
China | 62.78% | 63.56% | 63.65% | 63.48% | 63.99% | 63.45% |
South Korea | 9.17% | 8.82% | 8.67% | 8.57% | 8.68% | 8.82% |
Australia | 2.65% | 2.70% | 2.57% | 2.43% | 2.29% | 2.04% |
Japan | 16.22% | 16.42% | 16.92% | 17.26% | 17.07% | 17.71% |
India | 3.74% | 3.55% | 3.62% | 3.75% | 3.81% | 3.85% |
Southeast Asia | 3.34% | 3.01% | 2.77% | 2.66% | 2.45% | 2.34% |
Others | 2.09% | 1.94% | 1.80% | 1.83% | 1.71% | 1.80% |
Total | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
5. Europe Mxene Material Market Analysis
Germany had a value that grew from 0.33 M USD in 2018 to 1.53 M USD in 2023, with its market share hovering around 21%-23%. France’s value increased from 0.28 M USD to 1.19 M USD, maintaining a share within 17%-18%. The UK’s value rose from 0.31 M USD to 1.31 M USD, and its market share fluctuated between 19% and 20%. Italy’s value expanded from 0.13 M USD to 0.60 M USD, accompanied by a share change within 8%-9%. Spain’s value grew from 0.12 M USD to 0.49 M USD, and its share varied around 7%. Russia’s value increased from 0.11 M USD to 0.34 M USD, with a share range of 5%-7%.
Table Europe Mxene Material Value (M USD) by Countries (2018-2023)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Germany | 0.33 | 0.47 | 0.67 | 0.95 | 1.26 | 1.53 |
France | 0.28 | 0.39 | 0.54 | 0.75 | 0.99 | 1.19 |
U.K. | 0.31 | 0.43 | 0.60 | 0.85 | 1.10 | 1.31 |
Italy | 0.13 | 0.19 | 0.26 | 0.37 | 0.49 | 0.60 |
Spain | 0.12 | 0.17 | 0.23 | 0.33 | 0.42 | 0.49 |
Russia | 0.11 | 0.15 | 0.21 | 0.30 | 0.28 | 0.34 |
Others | 0.31 | 0.43 | 0.54 | 0.76 | 1.05 | 1.32 |
Total | 1.58 | 2.25 | 3.04 | 4.31 | 5.58 | 6.78 |
Table Europe Mxene Material Value Market Share by Countries (2018-2023)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Germany | 20.75% | 21.10% | 21.90% | 22.10% | 22.59% | 22.51% |
France | 17.49% | 17.55% | 17.61% | 17.46% | 17.74% | 17.53% |
U.K. | 19.66% | 19.32% | 19.64% | 19.66% | 19.74% | 19.40% |
Italy | 8.52% | 8.48% | 8.53% | 8.63% | 8.71% | 8.84% |
Spain | 7.33% | 7.52% | 7.67% | 7.61% | 7.44% | 7.22% |
Russia | 6.66% | 6.75% | 6.90% | 7.01% | 4.96% | 5.04% |
Others | 19.59% | 19.27% | 17.75% | 17.53% | 18.81% | 19.46% |
Total | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
6. Middle East and Africa Mxene Material Market Analysis
Egypt’s Mxene Material market value ascended gradually from 0.01 M USD to 0.04 M USD, yet its market share diminished from 7.27% in 2018 to 6.33% in 2023. Turkey’s value climbed steadily from 0.03 M USD to 0.14 M USD, with its market share ascending from 20.45% to 23.62%. South Africa’s value grew from 0.01 M USD to 0.05 M USD, albeit with a market share decline from 8.17% to 7.60%. The GCC countries’ value expanded notably from 0.06 M USD to 0.23 M USD, and their market share surged from 33.46% to 37.06%.
Table Middle East & Africa Mxene Material Value (M USD) by Countries (2018-2023)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Egypt | 0.01 | 0.02 | 0.02 | 0.03 | 0.03 | 0.04 |
Turkey | 0.03 | 0.05 | 0.06 | 0.09 | 0.12 | 0.14 |
South Africa | 0.01 | 0.02 | 0.02 | 0.03 | 0.04 | 0.05 |
GCC | 0.06 | 0.08 | 0.10 | 0.15 | 0.19 | 0.23 |
Others | 0.05 | 0.07 | 0.08 | 0.11 | 0.14 | 0.15 |
Total | 0.17 | 0.22 | 0.29 | 0.42 | 0.51 | 0.61 |
Table Middle East & Africa Mxene Material Value Market Share by Countries (2018-2023)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Egypt | 7.27% | 7.17% | 7.11% | 6.68% | 6.39% | 6.33% |
Turkey | 20.45% | 20.92% | 22.03% | 22.52% | 22.72% | 23.62% |
South Africa | 8.17% | 7.92% | 8.11% | 7.91% | 7.72% | 7.60% |
GCC | 33.46% | 34.40% | 35.65% | 36.24% | 36.44% | 37.06% |
Others | 30.64% | 29.59% | 27.10% | 26.66% | 26.73% | 25.39% |
Total | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
