Graphene Market

Global Graphene Market Size, Share, Trends & Forecast (2024 - 2029)

The Graphene Market size is estimated at USD 0.79 billion in 2024, expected to reach USD 4.84 billion by 2029, with a CAGR of 43.64% during 2024-2029.

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.

Graphene is 200% stronger than the steel and relatively more robust than the diamond, which is making it an excellent supplement to them. 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 business.

Driving Factors of Graphene Industry

Significant factors contributing to the growth of graphene market are 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.

Major Challenges in the Graphene Industry

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. 

Opportunities in the Graphene Industry

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.

Recent Developments

• Directa Plus, which is a graphene production company, has acquired Setcar, and it will be operating to produce eco-friendly solutions. Also, it has been collaborated with 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. 
• The 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.

REPORT COVERAGE

This Research Report Includes the following Segmentation & Sub-segmentation for the Graphene Market with Evaluated Size & Forecast until 2029.

Graphene Market Analysis – By Application

• RFID
• Sensors
• Energy Storage
• Functional ink
• Composites
• Polymer additives
• Research and development

Among all, Research and development segment is ruling the market, with 75% of overall graphene is 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 are 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.

Graphene Market Analysis – By Product Type

• Graphene Nanoplatelets
• Graphene oxide
• Monolayer & bi-layer graphene
• Few layers graphene

Among all, Graphene nanoplatelets market segment holds a significant share in the market among others with two-third 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 of coating materials and composites which are made of graphene in aircraft manufacturing, eco-friendly nature of the products, durability, efficiency, lower cost and many applications.

Graphene Market Analysis – By Region 

This Graphene Market research report includes the region analysis with their respective countries.

• North America Graphene Market includes U.S, Canada & Rest of NA

• Europe Graphene Market includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe

• Asia Pacific Graphene Market includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC

• Latin America Graphene Market includes Brazil, Mexico, Argentina, Chile & Rest of LATAM

• Middle East & Africa Graphene Market includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA

Among all, North America is dominating the graphene market and is projected to grow at the highest CAGR and likely to contribute up to $12.5 million to the global market by 2025. China, Germany, France are importing aerospace components from North America. The US market is likely to expand its share value owing to the increase in demands of high-efficiency products, increased scope, and investment for R&D in electronics, 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.

Companies listed in the Graphene Market as per the research report are XG Sciences, Graphene Nanochem PLC, Bluestone Global Tech, Angstron Material, Inc., ACS Material, LLC. Vorbrck Materials, Haydale Limited, Graphene Laboratories & CVD Equipment Corporation.