Graphene Market

Global Graphene Market generated a revenue of USD 73 million in 2020, and is estimated to reach USD 545 million in 2028, exhibiting a CAGR of 28.5% over the forecast period (2021-2028), due to the growing demand for printed electronics.

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Key Drivers and Emerging Trends

The factors driving the growth of graphene market increasing industrialization and growing adoption of graphene across energy, defense, electronics, and aerospace industries, owing to their high mechanical strength and permeability. Further, with the increasing demand for electric vehicles, graphene market is forecast to propel. This is primarily because of the growing deployment of graphene in EVs to expand the lifespan of lithium-ion batteries and minimize the overall weight of the battery. Other factors, which include increase in research and development (R&D) activities to improve the thermal and electrical conductivity and the growing use of graphene for lightweight sports equipment, are anticipated to guide the market further. Further, the expansion of aircraft part manufacturing sector has strengthened the Graphene Market Size, owing to its growing demand for durable materials with low-density and lower electrical conductivity will expand the market growth. However, the lack of consistent standards concerned with the production and quality of graphene and graphene-based products is predicted to restrain the Global Graphene Market.

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Type Segment Analysis

Lightweight, exceptional thermal and electrical conductivity, and mechanical properties of graphene nanoplatelets are forecast to pave the way for graphene nanoplatelets material segment. Thus, the graphene nanoplatelets material segment will expand at a faster CAGR over the upcoming years. Further, their ability to improve the mechanical behavior and increase the thermal conductivity will augment the segment’s growth.

Application Segment Analysis

Electronics application segment is estimated to hold a larger share over the upcoming years, owing to the remarkable properties of graphene such as high conductivity of heat and electricity, exceptional strength, thus, making it suitable for the production of memory chips and smartphones.
The aerospace & defense segment is predicted to witness a faster CAGR during the forecast period, because of the increasing deployment of ++, which are used in the manufacturing of aircraft components. It lowers the weight of the aircraft without disturbing the safety aspects or weight bearing capacity of components.

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Regional Analysis

Asia Pacific is anticipated to witness a faster growth over the forecast period, owing to the growing demand for graphene across industries, such as automotive, marine, defense, and aerospace. In addition, the expansion of industrial sector and manufacturing sector in China will further expand the market growth. North America is expected to grow at a higher CAGR over the upcoming years, due to the increasing research & development activities. Increasing development of research institutes and universities and increasing collaboration with product manufacturers to develop next-gen graphene for aerospace & defense and electronic industries are expected to propel the graphene market.

Top Market Players

Various notable players in the market includes Graphenea S.A., XG Sciences, Vorbeck Materials, Graphene Laboratories, CVD Equipment Corp., Haydale Ltd., ACS Materials LLC., Angstron Material, Graphene Nanochem PLC. and Grafoid Inc. among others.

Key Developments:

• • In 2022, Haydale Graphene Industries Plc merged with performance bicycle tire producing company, Vittoria SpA, on the co-development and supply of functionalized graphene nanomaterial for addition in the rubber of bicycle tires. In this respect, Haydale has received an order for 1 ton of functionalized graphene. The two companies have also finalized terms to produce functionalized graphene in Thailand near the Vittoria factories in around mid-term.
  • On March 2022, Graphene Manufacturing Group Ltd and Amec Foster Wheeler plc signed a non-binding Letter of Intent for GMG’s major graphene manufacturing expansion projects. Under this agreement, Wood will support GMG in scaling up and automating its proprietary natural gas to the graphene manufacturing process.

Segments covered in the Report:

The Global Graphene Market has been segmented by type, by application and key geographies. Based on type the market comprises of Monolayer Graphene, few-layer Graphene, Multi-layer Graphene, Graphene Nanoplatelets, Reduced Graphene Oxide, Graphene Oxide.The research report “Global graphene market” provides in-depth analysis of the global graphene market based on type, application and major geographies for the forecast period from 2021 to 2028. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the global graphene market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

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Market Segmentation

Global Graphene Market by Type

• • Monolayer Graphene
  • Few-layer Graphene (FLG)
  • Multi-layer Graphene (MLG)
  • Graphene Nanoplatelets (GNP)
  • Reduced Graphene Oxide (rGO)
  • Graphene Oxide (GO)

Global Graphene Market by Application

• • Electronics
  • Composites
  • Energy
  • Healthcare
  • Others

Global Graphene Market by Region

• • North America Graphene Market (Option 1: As a part of the free 25% customization)

    • By Type
    • By Application
    • US Market All-Up
    • Canada Market All-Up

  • Europe Graphene Market (Option 2: As a part of the free 25% customization)

    • By Type
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Graphene Market (Option 3: As a part of the free 25% customization)

    • By Type
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Graphene Market (Option 4: As a part of the free 25% customization)

    • By Type
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Leading Market Players

• • Graphenea S.A.
  • XG Sciences
  • Vorbeck Materials
  • Graphene Laboratories
  • CVD Equipment Corp.
  • Haydale Ltd.
  • ACS Materials LLC.
  • Angstron Material
  • Graphene Nanochem PLC.
  • Grafoid Inc.