Graphene Oxide Market

Graphene Oxide Market is expected to witness a CAGR of approximately 33.3% during the forecast period, 2023-2030.

Graphene Oxide Market Overview

Graphene Oxide is a single atomic layered material called the oxidized form of graphene which is obtained by extensive oxidation of graphite. It is readily dispersible in water and solvents, which makes the manufacturing process of graphene easier. It has a fluorescent property; as a result, it is used in anti-bacterial materials and disease detection applications. Graphene oxide is synthesized mainly by four processes: Staudenmaier, Hofmann, Brodie, and Hummers. It is used to manufacture solar cells, batteries, biosensors, supercapacitors, and low permeability materials.

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Major Graphene Oxide Market Drivers

The global demand of graphene oxide market is expected to boom at a higher rate in coming years as different manufacturing industries have started adopting graphene oxides. For instance, the energy and electronic industry have started using the graphene oxide in lithium-ion batteries, resulting in higher graphene oxide market growth.

Graphene oxide is the oxidized form of graphene, as a result, the graphene oxide market is dependent on the production of graphene. Looking at the strict environmental policies by the government, most of the industries are intending to shift towards renewables. Graphene oxide is a renewable, mouldable, and lightweight material which are increasing the demand and helping the global graphene oxide market to boom.

Further, the performance and lifespan of the lithium-ion batteries and solar cells biosensors can be improved with the adoption of graphene oxide. This can result in higher demand of graphene oxide, thus resulting in the potential growth of the global graphene oxide market in the coming few years. There has been a constant increase in demand for clean energy sources which is driving the demand for cost-efficient products with better throughput or efficiency.

Restraint in the Graphene Oxide Market

However, the technical limitation of commercial production and high-cost devices to produce graphene oxide are the factors halting the growth of the graphene oxide market. Moreover, the machines and equipment used in the production processes are costly.

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Application – Segment Analysis

Based on the application, the electronic device segment is projected to grow at a higher CAGR during the forecast period. This is mainly as graphene oxide is a perfect fit to produce solar cells and chemical sensors. It provides a high surface area, thus making it a good electrode material in the batteries and capacitors. Graphene based Field Effect Transistor (GFET) used as chemical sensor as well as biosensor detects catecholamine molecules and DNA is a popular application of graphene oxide in electronic device segment.

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Regional – Segment Analysis:

Based on the region, the Asia-Pacific region is expected to grow at a higher CAGR during the forecast period. China possesses the highest source of graphite, and exports various materials necessary in the production process of graphene oxide in the Asia-Pacific region. There have been many collaborations between top universities and research institutes for the research and development activities related to graphene oxide. For example, The ARC Graphene Research Hub is a vibrant and interdisciplinary research program involving 40 researchers working across at five universities, several companies, and strong international collaboration with graphene leaders in China. Thus, these are above factors driving the growth of Graphene Oxide market in the region.

Top Market Players

Various notable players operating in the market include ACS Material, The Sixth Element (Changzhou) Materials Technology Co., Ltd, BGT Materials Limited, Ltd., Cheap Tubes, E Way Technology Co., Ltd, Gamer Tech, Graphenea, Inc., Global Graphene Group, Metalgrass LTD, and Graphene Manufacturing Group Ltd., among others. 

Key Developments:

• • In 2021, Graphene Manufacturing Group Ltd. (GMG), an Australian-based company, merged with Cuspis Capital Ltd and becomes a public company. GMG manufactures graphene with a proprietary production process. It focuses on the solutions for energy storage and energy saving markets.

Segments covered in the Report:

The global Graphene Oxide market has been segmented based on Application, Form and regions. Based on Application, the market is segmented into electronic devices, medical, energy, composite materials, catalytic oxidation and others. Based on Form, the market is segmented into powdered-based Graphene Oxide and solution-based Graphene Oxide. 

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Report Coverage	Details
Market Revenues (2022)	USD Million
Market Base Year	2022
Market Forecast Period	2023-2030
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Application, By Form, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	ACS Material, The Sixth Element (Changzhou) Materials Technology Co.,Ltd, BGT Materials Limited, Ltd., Cheap Tubes, E Way Technology Co.,Ltd , GarmorTech, Graphenea, Inc., Global Graphene Group,  Metalgrass LTD, Graphene Manufacturing Group Ltd.; a total of 10 companies covered
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Graphene Oxide Market by Application

• • Electronic devices
  • Medical
  • Energy
  • Manufacturing
  • Others

Global Graphene Oxide Market by Form

• • Powdered based Graphene Oxide
  • Solution based Graphene Oxide

Global Graphene Oxide Market by Region

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

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

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

    • By Application
    • By Form
    • 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 Oxide Market (Option 3: As a part of the free 25% customization)

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

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

    • By Application
    • By Form
    • 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

Major Players Operating in the Graphene Oxide (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • ACS Material
  • The Sixth Element (Changzhou) Materials Technology Co. Ltd
  • BGT Materials Limited
  • Cheap Tubes
  • E Way Technology Co., Ltd
  • GarmorTech  
  • Graphenea Inc.
  • Global Graphene Group
  • Metalgrass LTD
  • Graphene Manufacturing Group Ltd.