Graphene Market Size, Share, Growth Analysis, By Product (Graphene Nanoplatelets, Graphene Oxide), By Application (Paints & Coatings, Electronic Components), By End User (Electronics, Medical), By Region -Industry Forecast 2024-2031
Report ID:
SQMIG15A2441 |
Region:
Global |
Published Date: November, 2024
Pages:
168
|Tables:
0
|Figures:
0
Graphene Market Insights
Global Graphene Market size was valued at USD 190 Million in 2022 and is poised to grow from USD 930 Million in 2023 to USD 9160 Million by 2031, growing at a CAGR of 38.64% in the forecast period (2024-2031).
Growing electronics industries in developing countries and strong penetration in composite applications have contributed to the graphene market growth. R&D needs from research institutes and international corporations will lead to high growth in the market. A fast-paced market that is at a high stage of growth. As R&D is a strong catalyst for developments, the market is seen to have a huge innovation potential. In turn, innovative applications continue to emerge in a never-ending cycle of proving previous established sectors and creating new ones. The market, on its side, operates under a multi-faceted regulatory framework that considers health, safety, and environmental parameters. National and international authorities do regulate production, processing, and application of graphene material. Such a high degree of regulation governs possible health risks and environmental effects coupled with responsible further development and use. Compliance with these laws should be more than rewarding to the participants in the market because it gives them a competitive advantage over their competitors. Some of the industries that may benefit incredibly from the introduction and use of graphene and its applicable products include energy storage, composites and coatings, water and wastewater treatment, and biomedical technologies. The graphene industry that is currently expected to have the most impact in increased adoption in the future is that of energy storage. Graphene-based batteries contain more rate and energy capacity than traditional lithium-ion batteries. In consequence, during the tenure of the proposed research work, the rising demand of energy storage products from both the solar, wind, and electric vehicle industries will be expected to prop forward research decisively.
Market Snapshot - (2024-2031)
Global Market Size
Largest Segment
Fastest Growth
Growth Rate
CAGR
To get more reports on the above market click here to Buy The Report
Graphene Market Segmental Analysis
The global graphene market is segmented into product, application, end user, region. By product, the market is bifurcated into graphene nanoplatelets and graphene oxide. Depending on the application, it is categorized into paints & coatings and electronic components. According to end user, electronics & telecom, bio-medical & healthcare, energy, and aerospace & defense. Regionally, it is studied across North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
Analysis by Product
Graphene oxide held the highest revenue share at 47.0% in 2023 and dominated the graphene industry. It is the oxidized version of graphene and has a large surface area that may be used as electrode material for solar cells, batteries, or capacitors. It is utilized to enhance the elasticity, conductivity, and tensile strength of composite materials by incorporating it with other polymers and materials. It is present as flakes that may be stretched, folded, and wrinkled to form a thin, sturdy structure. These architectures are increasingly being applied in applications such as ion conductors, hydrogen storage, and nanofiltration membranes. Graphene oxide is also fluorescent, which makes it suitable for use in drug carriers, antibacterial materials, biosensing, and disease detection. Graphene oxide is used in the production of several types of electrical devices, including graphene-based field effect transistors (GFETs). Increasing applications of graphene oxide in various end-use industries are anticipated to propel demand in the market.
Graphene nanoplatelets are due to their distinct properties and versatility are anticipated to record an explosive graphene market growth during the forecast period. Graphene nanoplatelets are superior to graphene oxide in that they have stronger mechanical strength and electrical conductivity for a wide range of applications. This way, energy-storage devices such as batteries and supercapacitors are used increasingly because of their possible higher performance from other materials. They can be further applied in heat dissipation applications since they are capable of raising thermal conductivity. Demand for graphene nanoplatelets is growing as various industries are preferring such materials that entail high performance, lightweight, and durability and, consequently are one of the main contributors to the emergent materials industry.
Analysis by End User
In 2023, the largest end-use sector driving the global market was the automotive sector, which was a testifying instance of the industry's rapid expansion into the global platform. The two reasons propelling this growth are the expanding disposable income and increasing buying power within the middle-class population in emerging nations. These regions will continue to become more urbanized and economically expanded, significantly raising the demand for cars. This is further driven by technological advancements in car manufacturing and design, including fuel economy through lightweight materials. Therefore, the demand for graphene and the like products will continue to rise in the near term because the global automobile industry is predicted to remain steady in the next decade.
During the graphene market forecast, the healthcare industry anticipated to grow; This industry would consider it as an almost revolutionary material for seriously pushing treatment to a different level- trying to combat some of the most severe diseases that have existed in humans ever such as cancer. Given the specific properties of graphene, it could be chemically modified for use in certain applications, most notably targeted treatments. For such, a patient might be injected with engineered graphene particles designed to only attach to cancer cells. Since graphene particles absorb infrared light, it is much easier to target and deliver radiation therapy directly at the tumor spot. Limiting harm to nearby healthy tissue makes such a focused strategy greatly reduce the side effects for cancer patients and open the way for more graphene usage in cutting-edge medical procedures.
To get detailed analysis on other segments, Request For Free Sample Report
Graphene Market Regional Insights
In 2023, Asia-Pacific accounted for a 32.9% graphene market share. As the region has numerous producers and customers, it is one of the major factors affecting the demand for graphene. Over the projection period, growth in production volumes in various sectors such as aerospace, military, marine, and automotive is expected to propel the graphene sector in this region. China with its beneficial government support for investments in the manufacturing sector is predicted to be an important market for all the companies projected over the forecasting years. Stringent government regulations have been proposed to ensure funding for graphene R&D.
High growth in North America is expected to be observed with increasing demands for composites in aerospace and automotive sectors. Graphene, a lightweight composite material, is also an area of focus for giant aircraft makers such as Boeing in an effort to boost the efficiency and productivity of aircraft. The US is the largest market in North America and is a significant exporter of goods based on graphene to other countries that are unable to produce graphene. As the industry is increasingly focusing on R&D activities, many collaborations have emerged between manufacturers and research institutes in recent times. The demand is anticipated to increase with the increasing number of end-use applications along with ongoing improvements.
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Graphene Market Dynamics
Drivers
Growing Electronics Demand
- Graphene has become the most sought-after material for its mechanical strength and electrical conductivity in the electronics world. Its use is increasingly being added to flexible screens, sensors, and batteries as demand for the market grows. Thus, graphene has become a material of interest for next-generation electronic devices owing to its enhancement of performance, energy, and durability. Thus, the graphene industry is being widely stimulated by this emerging trend toward miniaturization and high-performance devices.
Advances in Energy Storage
- The increased need for high-end energy storage technologies mainly in the areas of batteries and supercapacitors increases the demand for graphene. As compared to others, the large surface area and conductivity in graphene allow faster charging periods coupled with high energy capacities. The increased use of renewable energy sources has increased the demand for efficient energy storages technologies. Graphene-based energy system innovations are of importance in the pursuit of enhancing efficiencies and fulfilling the world's energy demands.
Restraints
Increased Production Expenses
- A major barrier facing the market is high production costs. Graphene possesses exceptional quality, but at the same time, synthesis can be expensive and complicated, involving processes such as liquid-phase exfoliation and chemical vapor deposition. Most manufacturers find it hard to get access to it, mainly for low-cost applications. Therefore, high production costs form some of the setbacks facing the market, thus limiting further growth and wider adoption, primarily for areas that have cost-effectiveness requirements that are high.
Regulatory Barriers
- Regulatory barriers might prevent the graphene market growth and its adoption by many firms. Graphene is a recently discovered material, and studies of its environment impact and the safety assessments are still under process. Developing and launching new products into the market is hindered by stringent regulations and long approval procedures, particularly for consumer goods and the medical sector. The uncertainty surrounding graphene-based products may bring limited promising prospects for the commercially available products, thereby limiting investment and innovation in this area.
Request Free Customization of this report to help us to meet your business objectives.
Graphene Market Competitive Landscape
The graphene market features an existing scenario of incumbent players and emerging entrepreneurs. The large-sized companies are spending significantly on R&D to innovate and invent the manufacturing process of graphene with the main aim being to sell their products at a low price but of high quality. In contrast, smaller companies tend to concentrate only on specific niches. However, larger players such as Haydale Graphene Industries and First Graphene can compete with scientific advancements and strategic partnerships. This energetic environment fosters cooperation and competition, driving innovation and business growth.
Top Player’s Company Profile
- Applied Graphene Materials
- 2D Carbon Graphene Material Co., Ltd.
- Thomas Swan & Co. Ltd.
- Graphene Laboratories, Inc.
- Graphensic AB
- GRAPHENE SQUARE INC
- AMO GmbH
- Talga Group
- ACS Material
- BGT Materials Limited, Ltd.
- CVD Equipment Corporation
- Directa Plus S.p.A.
- Grafoid Inc
- Graphenea
- NanoXplore Inc.
Recent Developments
- February 2023: Global Graphene Group Inc. and Honeycomb Battery Company, a subsidiary of Global Graphene Group Inc. with advanced battery technology, have agreed to a business combination deal that will produce battery materials. The Global Graphene Group is expected to provide graphene to Honeycomb Battery Company.
- July 2022: Thomas Swan and Concrene Ltd. agreed. Thomas Swan is planning to produce high-compressive strength concrete by using graphene nanoplatelets in different dispersions of concrete that are operated by Concrene Ltd. The deal was aimed at increasing the global application base for the products of Thomas Swan.
- May 2022: Applied Graphene Materials and Imkemex of Mumbai, India, initiated a new agreement for exclusive distribution. As a result, through this new partnership, AGM is to expand its sales directly into the local markets of liquid resins, coatings, composites, and plastics immediately.
Graphene Key Market Trends
- Advancement in R&D: One of the key graphene market trends is the advancement in R&D. To unlock all the possible applications of graphene, from electronics and energy to healthcare, more efforts and investments are being put into research by both academic institutions and commercial enterprises on this material. This innovation focus is therefore promoting collaborations between firms and research institutions in the development of new graphene-based materials and technologies. The market will thus expect new applications and higher commercialization of graphene goods with progress in R&D.
- Reusable Material Remedies: Graphene is increasingly being used in various industries as a sustainable material option. Graphene represents promise in the ongoing quest to turn waste into opportunity and to make materials use as efficient as possible, considering the raised awareness of environmental problems and the development of green alternatives. Its application in green composite materials, green technologies saving energy, and water cleansing is in line with the global wave towards sustainability. Graphene is becoming increasingly important as companies look for greener ways to do business.
Graphene Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, due to its remarkable properties and wide range of applications in the electronics, automobile, and healthcare industries, its market will multiply manifold. Yet, another reason for higher investments into graphene manufacturing and research is the increasing need for advanced materials that enable more functionality, sustainability, and economy of energy. However, its potential is yet to be completely realized and should be freed of problems such as high production costs and red tape. To address such problems in the wake of ongoing changes due to increased competition and new kinds of innovation, stakeholders require concentration on strategic alliances and teamwork. In all respect, the graphene market looks promising with numerous prospects for growth and technical improvement.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 190 Million |
| Market size value in 2031 | USD 9160 Million |
| Growth Rate | 38.64% |
| Base year | 2023 |
| Forecast period | (2024-2031) |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Graphene Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Graphene Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Graphene Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Graphene Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Graphene Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Graphene Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
