Graphene Market Regional Analysis

How is North America being Dominating in Graphene Industry?

North American accounts for approximately 36% of total revenues in the global graphene market in 2024, and is the global leader in the graphene market, due to the strong government investment in R&D focused on advanced materials and energy storage involving graphene, as part of the energy storage market, to fuel growth in supercapacitors and lightweight composites, among other areas involving advanced materials.

U.S. Graphene Market

Providing unique exfoliation technologies to produce graphene-enhanced composites as well as energy storage with graphene, NeoGraf Solutions (U.S.) is an example of a U.S. company working in the graphene space. In August 2023, NeoGraf announced an agreement with Morrow Battery to supply graphene for lithiumion cells, and continues to support advanced materials research in energy-grade graphene with government R&D programs from the U.S. DOE and DoD.

Canada Graphene Market

NanoXplore Inc. (Canada) is the largest producer of graphene by volume in Canada, selling inexpensive graphene powders for industrial applications (automotive, films, concrete, etc.). NanoXplore has plans to continue scaling its production capacity given research funding provided by the federal government and support from provincial funding (provincial policies and grants), for example, the Quebec pension fund.

Why Asia Pacific Fastest Growing Graphene Market in 2024?

The Asia Pacific is emerging as the fastest growing region with projected compound annual growth rates of nearly 37-40% through 2030-2033. Countries in the region, including China, Japan, South Korea, and India, support graphene research through government sponsorship, and are investing in and establishing multi-ton production lines. Initiatives such as China’s Made in China 2025 program and India’s semiconductor/display PLI schemes, along with additional funding for R&D from governments, will propel the region ahead of Europe and North America in rate of adoption.

China Graphene Market

Shenzhen XG Sciences (China) ranks first in APAC due to the Government-led Graphene Industry Innovation and Development Plan and has increased production capacity (having over 40% of global output and >70% share of production capacity) as a result. Shenzhen XG Sciences and Hubei Zhongke Graphene Technology expanded a collaboration, concentrating efforts on R&D around battery applications under this country-centered approach in 2023.

India Graphene Market

Miraculum Graphene Private Limited (India) and Platonic Nanotech (India) are significant suppliers with other support from the Government of India through the Graphene auditing program Aurora Program through MeitY and ₹94.85 Cr from the Kerala government. India established its I-GEIC-led India Innovation Centre for Graphene in 2023 with funding and numerous government-university partnerships to commercialise graphene technology.

South Korea Graphene Market

GrapheneAll dominates the South Korean graphene market, thanks to its ton-scale mass‑production capability using chemical exfoliation a project supported by a national R&D initiative from the Ministry of Science & ICT alongside KRICT and KAIST. It won the Minister’s Award in 2022 and patented reduced graphene manufacturing in 2024 under government programs.

Why Europe is second-largest share in Graphene Market?

Europe made up approximately 24-28 % of the 2024 market. The Graphene Flagship initiative with a €1 billion fund has the flagship EU funding program driving both academia and industry collaboration currently to commercialize graphene technologies in automotive, energy, biomedicine, and semiconductors.

Germany Graphene Market

Germany is leading in the graphene chip innovation market. Black Semiconductor (spun from Aachen University) raised €254.4 million (including €228.7 million in public funding from the German federal ministry and North Rhine-Westphalia under IPCEI ME/CT2) with the pilot production of graphene chip slated for completion in 2026 that will enhance Europe’s sovereignty in semiconductors.

Italy Graphene Market

BeDimensional based in Italy, spun from the Graphene Flagship and IIT, has scaled graphene made battery materials. They received a €20 million loan from the EIB and €5 million equity backing and their plant in Genoa the capacity to produce 3 t per year and aims to have 30 t by 2028, with the backing of the EU strategy for energy transition materials.

UK Graphene Market

The UK is moving forward with firms supported by the Graphene Flagship including Levidian's cow manure methane-based graphene (worth four tonnes a year at Worthy Farm) and InBrain with graphene brain implants developed in Barcelona and Manchester that are now undergoing UK clinical trials. The National Graphene Institute has also been reinforced by a £45 million government grant with a commercialisation pipeline.