Global Graphene Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report - Segmented By Product Type (Graphene Nanoplatelets, Graphene Oxide and Others), Application (Electronics, Composites, Energy and Others) and Region (North America, Latin America, Europe, Asia pacific and Middle East & Africa) - Industry Analysis (2024 to 2029)

Updated On: January, 2024
ID: 8845
Pages: 100

Global Graphene Market Size (2024 to 2029)

The size of the global graphene market was valued at USD 0.79 billion in 2023. The global market is predicted to be worth USD 6.94 billion by 2029 from USD 1.13 billion in 2024, growing at a CAGR of 43.64% from 2024 to 2029.

Graphene is a single, tightly packed layer of carbon atoms that is generally available in the form of a hexagonal honeycomb lattice, which is a combination of graphite and suffix lene. It is one layer of carbon that just as thick as one atom. Graphene will be found in various end-user industries such as aerospace, automotive, pharmaceuticals, energy, electronics, coatings, chemical, and others due to the wide range of applications that it has. It is an allotrope of carbon that includes graphite and diamond, which are very useful for the development of nanomaterial and high technology with industrial benefits that it has.

MARKET DRIVERS

The growth of the global graphene market is majorly driven by the rise in demand for renewable, lightweight, and flexible materials, thermal conductivity, heat, and pressure-resistant products, energy storage devices, increased awareness of printed electronics, requirements in aerospace, medical implants and rise in improvements and integrations of the electronics industry with nanotechnology, automotive and energy industries. Capital investments in R&D and an increase in production capacities are also boosting the growth of the graphene market.

Graphene is 200% stronger than the steel and relatively more robust than the diamond, which is making it an excellent supplement. Moreover, the superior conductivity of heat and electricity that the graphene has is making its way to memory chips, screens on mobile phone and laptops. Because of the durability, strength, conductivity, and toughness that it has are the reason for the growth of its usage, which leads to the growth of the global graphene market.

Additionally, qualities of graphene-like lightweight, exceptional toughness are propelling its usage in automotive and aerospace industries which are growing day by day on consumers like the desire of moving fast and light on roads. Graphene transmits around 97% of light through it which makes it a unique transparent element, is making electronics manufacturers of mobiles, laptops, and computers use it in them for the screens for also durability is fuelling the growth of the global graphene market. The increasing adoption in several end-user verticals is creating an immense growth opportunity for the key player in the worldwide graphene market.

With elevated thermal and electrical conductivity, graphene is the thinnest and strongest material in the world. All such features, coupled with many other properties such as high permeability and high mobility of electrons, have created enormous interest in this material and its applications. The material has been at the product lifecycle's introductory stage and is anticipated to see significant development throughout the forecast period in aspects of its implementations in the graphene market.

MARKET RESTRAINTS

The limitations that are diminishing the growth of the graphene market are the high cost of production, technical constraints in the production of commercial products, health, and environmental issues associated with the manufacturing of 2D graphene material, due to its highly non-flammable characteristic. 

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

43.64%

Segments Covered

By Application, Type, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

XG Sciences, Graphene Nanochem PLC, Bluestone Global Tech, Angstron Material, Inc., ACS Material, LLC. Vorbrck Materials, Haydale Limited, Graphene Laboratories & CVD Equipment Corporation.

 

SEGMENTAL ANALYSIS

Global Graphene Market Analysis By Application

The Research and Development segment is ruling the market, with 75% of overall graphene being applied in the field and prototype-making in different universities and research institutes. Units of Top technology brands like Samsung, IBM, Nokia, and others are among those who have adapted to the technology, resulting in the growth of the market. Another segment that is generating is Energy Storage and is likely to increase further in the forecast period with a CAGR of 93.2% due to high-speed charging ability and energy density.

Global Graphene Market Analysis By Product Type

Among all segments, the graphene nanoplatelets segment holds a significant share in the market, with two-thirds of the market revenue, and it is likely to grow further with a CAGR of 25.2% over the forecast period due to increasing demand for coating materials and composites made of graphene in aircraft manufacturing, the eco-friendly nature of the products, durability, efficiency, lower cost, and many applications.

REGIONAL ANALYSIS

Among all, North America is dominating the graphene market and is projected to grow at the highest CAGR and is likely to contribute up to $12.5 million to the global market by 2025. China, Germany, and France are importing aerospace components from North America. The US market is likely to expand its share value owing to the increase in demands for high-efficiency products, increased scope, and investment for R&D in electronics and rapidly growing aerospace, automotive, and energy sectors. Over the forecast period, the Asia-Pacific market segment is estimated to grow with a CAGR of 43% and can rise as a potential competitor to North America.

KEY PLAYERS IN THE GLOBAL GRAPHENE MARKET

XG Sciences, Graphene Nanochem PLC, Bluestone Global Tech, Angstron Material, Inc., ACS Material, LLC. Vorbrck Materials, Haydale Limited, Graphene Laboratories & CVD Equipment Corporation are some of the dominating players in the global graphene market.

RECENT HAPPENINGS IN THE MARKET

  • Directa Plus, which is a graphene production company, has acquired Setcar, and it will be operating to produce eco-friendly solutions. Also, it has collaborated with an Italian-based company to manufacture tires for trucks and buses, which are enhanced by graphene.
  • Fraunhofer Institute has organized a project called NanoEDGE BMBF to develop products for inkjet printing and to produce electrodes for direct skin contact. 
  • A new product launch has been announced: Graphenea, with a thickness of 4 nm, which can be applied in photonics, magnetic memory, freestanding membranes, and high-performance electronics.

DETAILED SEGMENTATION OF THE GLOBAL GRAPHENE MARKET INCLUDED IN THIS REPORT

This research report on the global graphene market has been segmented and sub-segmented based on product type, application and region.

By Product Type

  • Graphene Nanoplatelets
  • Graphene Oxide
  • Monolayer & Bi-Layer Graphene
  • Few Layers Graphene

By Application

  • RFID
  • Sensors
  • Energy Storage
  • Functional Ink
  • Composites
  • Polymer Additives
  • Research And Development

By Region 

  • North America 
  • Europe 
  • Asia Pacific 
  • Latin America 
  • Middle East & Africa 

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Frequently Asked Questions

What is the projected growth rate of the Global Graphene Market?

The Global Graphene Market is expected to grow from USD 0.79 billion in 2024 to USD 4.84 billion by 2029, with a remarkable CAGR of 43.64% during the forecast period.

What are the primary drivers of the Graphene Industry?

The growth of the Graphene Industry is primarily driven by the demand for renewable, lightweight, and flexible materials, advancements in thermal conductivity, increased awareness of printed electronics, and integration of graphene in various sectors like aerospace, automotive, and energy.

What are the major challenges facing the Graphene Industry?

Challenges in the Graphene Industry include high production costs, technical constraints in commercial product production, and health and environmental concerns associated with graphene manufacturing.

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