Global Graphene Market Size, Share & COVID-19 Impact Analysis, By Product (Graphene Oxide, Graphene Nanoplatelets (GNP), & Others), End-use Industry (Electronics, Aerospace & Defense, Energy, Automotive, and Others), By Region (North America, Europe, APAC, and Others), and Segment Forecasts, 2024 – 2032
  • Published Date: Jan, 2024
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  • Pages: 200
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  • Table of Contents
  • Segmentation
  • Methodology
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The global graphene market size was valued at US $ 333.7 Million in 2023 and is expected to reach US $ 2,957.9 Million by 2032 growing at a CAGR of 31.6% during the forecast period 2024 – 2032.

The market is expected to be driven by the growing electronics industry in emerging economies and high penetration in composite applications. The graphene industry is also expected to witness significant growth on account of increasing demand from research institutes and multinational companies for the purpose of research and development.

Graphene in electrolyte-gated configurations forms the basis for active chemical sensors. Synthetic top-gate insulators comprised of graphene are available at a concentration range of 2 – 3 mmol, having a thickness between one nanometre and five. Unlike ALD TGFETs it is the highest capability.

Essentially, the transparent conductor ITO substitute market can be considered one and the same as that for photoelectric sensors. Due to its transparency and high electrical conductivity, it is a desired material for the construction of clear electrodes in photovoltaic cells and photoconductive detectors.

Over the medium term, graphene aiding the aerospace industry and rising demand for printed electronics are expected to drive the market. However, the drawbacks associated with graphene hinder the market's growth. The development of graphene nanodevices for DNA sequencing and the adoption of graphene into photodetectors are expected to act as opportunities for the market studied. The Asia-Pacific region has the highest market share and is expected to dominate the graphene market during the forecast period.

The Graphene Trend Analysis

It has high thermal and electrical conductivity, very light, making it an excellent material for electronics application purposes. The electrons in diamond form of this carbon allotrope move much faster under an electric field compared to the ones used in common electronics like silicon based semiconductors. The unique traits mentioned above make it produce faster, energy-efficient devices compared to traditional options.

This material has high mechanical resiliency and thus can withstand high voltage values. Since industries are now employing more and more electric systems, it will have some effect on growth.

The most durable substitute for ITO graphene film is one of them. The most commonly used industrial product for this purpose is indium tin oxide. It is incorporated into the touchscreens of smartphones and tablet computers, as well as OLEDs and solar cells. The increasing demand for touchscreen products and technologies will probably trigger the growth of the graphene market.

Segmentation Analysis of the Graphene Market

By Product

They are further classified under graphene nanoplates (GNP), graphene oxide (GO) and other divisions.

In 2022, the largest market share belonged to the GNP segment, and it is projected that this will be maintained until 2030. The advanced nanoparticles are found to be beneficial for use in medical devices, energy, composites, coatings, and conductive inks. The use of light-weighted composites components with hard surfaces, high strengths, and rigidity will drive market expansion due to its application in the aerospace and automotive industries. They take many R&D efforts so their GNP products can be brought into the market.

The demand for nanotechnology in the semiconductors and Electronics industry will cause a remarkable increase in growth rate for GO in the forecast period. In addition, increasing use of GO in different end-use industries including healthcare, automotive, construction, aerospace & defence, fabric, and electrical is expected to be another major factor for market growth between 2015 and forecast period.

By End use Industry

Its customers are from different industries that include energy, aerospace & defence, electronics, automotive, etcetera.

The aerospace industry is being transformed by graphene which improves the performance of associated composites and coatings such as those utilized for construction of space crafts, airplanes, helicopters and drones. It helps boost their mechanical characteristics making them lighter, fuel-economic and less emission consuming towards its life span. The product possesses high electrical conductivity hence it used in manufacturing damage tolerant and lightweight helicopter and aircraft structures.

The global automobile industry faces additional challenges in relation to safety, low-carbon emissions as well as improving energy efficiency. This will increase the three-dimensional integrity of the vehicles thus creating a prospective market segment for the auto industry. Composites and coatings are manufactured in a light weight, safe and long-lasting vehicle using them product. Instead of being replaced by carbon fibre, steel or aluminium, it may serve as a means of enhancing the dimensional stability of automobiles.

Regional Analysis of the Graphene Market

At the moment Asia-Pacific had the largest graphene market share, and was estimated to retain the leadership through the forecasting period as a result of beneficial governance policies, capital allocation and academic studies aimed at promoting the market within the region. Also notable is the rapid growth of large-scale multinationals, consumers, and output in both general industries such as automotive, defence, marine, and aerospace.

With a high demand of strong, low weight, efficient and eco-friendly products, such a market in North America has seen tremendous growth in its operations to cater for aerospace and energy industries demands. The market revenue for this sector of the industry would also grow as GO was increasingly used in solar cells and batteries for better performance of these products over time.

The European market will witness impressive growth over the forecast period as a result of mounting research & development investments, which might enable it to remain leading.

The use of GO across sensors, capacitors, semiconductors, and transistors for Latin America is supposed to experience tremendous growth during the forecast period.

Top Key Players

  1. Haydale Graphene Industries plc (U.K.)
  2. Graphenea (U.S.)
  3. ACS Material (U.S.)
  4. XG Sciences (U.S.)
  5. Global Graphene Group (U.S.)
  6. Applied Graphene Materials (U.K.)
  7. Grolltex Inc (U.S.)
  8. Directa Plus S.p.A (Italy)
  9. NanoXplore Inc. (Canada)
  10. Thomas Swan & Co. Ltd. (U.K.)
  11. First Graphene (Australia)
  12. Talga Group (Australia)
  13. Graphite Central (U.S.)

Key Industry Developments in the Graphene Market

  • December 2022- Therefore, Haydale’s graphene-enhanced prepreg is a product designed for low-cost composite tooling with higher thermal conduction, smoother surface appearance and extended durability.
  • July 2021- Together with Grapheal, Graphenea created a product named graph lab in order to speed up the research of biosensors based on graphenes. GRAPH LAB is a sophisticated evaluation tool for proteomics screening/profiling and disease detection.
  • July 2021- However, AGM came up with new dispersion compositions of the natural gum polymer (GNP), targeting sustainability. These dispersions will be used by coatings, paints, and composite material consumers so as to improve the green nature of different formulation items.
  • February 2020- Manufacturing of XG graphene-infused polyurethane engine covers started. These covers are currently on sale on all Ford and Lincoln light van boards and passenger car line-up. It has resulted in weight reduction by the rate of 10%, increased HDT by 30% and improved NVH acoustics performance up to 17%.
  • January 2020- The performance of ACS Materials’ Graphene/Silver Nanowire Composite TCF surpasses its TCF predecessors.

Report Components Details
Base Year 2022
Forecast Period 2021-2029
Quantitative Units Revenue in US $
Segments Covered By Product: Graphene Oxide, Graphene Nanoplatelets (GNP), Others; By End-use: Industry, Electronics, Aerospace & Defense, Energy, Automotive, Others
Countries Covered U.S. and Canada in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the APAC, Others include Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA), Brazil, Argentina, Mexico, and Rest of South America as part of South America
Market Players Covered Haydale Graphene Industries plc (U.K.), Graphenea (U.S.), ACS Material (U.S.), XG Sciences (U.S.), Global Graphene Group (U.S.), Applied Graphene Materials (U.K.), Grolltex Inc (U.S.), Directa Plus S.p.A (Italy), NanoXplore Inc. (Canada), Thomas Swan & Co. Ltd. (U.K.), First Graphene (Australia), Talga Group (Australia), Graphite Central (U.S.)

Table of Contents

  1. Introduction Of Global Graphene Market
    1. Overview of the Market
    2. Scope of Report
    3. Assumptions
  2. Executive Summary
  3. Research Methodology
    1. Data Mining
    2. Validation
    3. Primary Interviews
    4. List of Data Sources
  4. Global Graphene Market Outlook
    1. Overview
    2. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
    3. Porters Five Force Model
      1. Bargaining Power of Suppliers
      2. Threat of New Entrants
      3. Threat of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power among Buyers
    4. Value Chain Analysis
  5. Global Graphene Market, By Product
    1. Overview
    2. Graphene Oxide
    3. Graphene Nanoplatelets (GNP)
    4. Others
  6. Global Graphene Market, By End-use Industry
    1. Overview
    2. Electronics
    3. Aerospace & Defense
    4. Energy
    5. Automotive
    6. Others
  7. Global Graphene Market, By Region
    1. North America
      1. U.S.
      2. Canada
    2. Europe
      1. Germany
      2. U.K.
      3. France
      4. Rest of Europe
    3. Asia Pacific
      1. China
      2. Japan
      3. India
      4. South Korea
      5. Singapore
      6. Malaysia
      7. Australia
      8. Thailand
      9. Indonesia
      10. Philippines
      11. Rest of Asia Pacific
    4. Others
      1. Saudi Arabia
      2. U.A.E.
      3. South Africa
      4. Egypt
      5. Israel
      6. Rest of Middle East and Africa (MEA)
      7. Brazil
      8. Argentina
      9. Mexico
      10. Rest of South America
  8. Company Profiles
    1. Haydale Graphene Industries plc (U.K.)
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News
    2. Graphenea (U.S.)
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News
    3. ACS Material (U.S.)
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News
    4. XG Sciences (U.S.)
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News
    5. Global Graphene Group (U.S.)
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News
    6. Applied Graphene Materials (U.K.)
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News
    7. Grolltex Inc (U.S.)
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News
    8. Directa Plus S.p.A (Italy)
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News
    9. NanoXplore Inc. (Canada)
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News
    10. Thomas Swan & Co. Ltd. (U.K.)
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News
    11. First Graphene (Australia)
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News
    12. Talga Group (Australia)
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News
    13. Graphite Central (U.S.)
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News

Global Graphene Market Segmentation

Graphene by Product: Market Size & Forecast 2024-2032

  • Graphene Oxide
  • Graphene Nanoplatelets (GNP)
  • Others

Graphene by End-use Industry: Market Size & Forecast 2024-2032

  • Electronics
  • Aerospace & Defense
  • Energy
  • Automotive
  • Others

Graphene by Geography: Market Size & Forecast 2024-2032

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Major Players:

  • Haydale Graphene Industries plc (U.K.)
  • Graphenea (U.S.)
  • ACS Material (U.S.)
  • XG Sciences (U.S.)
  • Global Graphene Group (U.S.)
  • Applied Graphene Materials (U.K.)
  • Grolltex Inc (U.S.)
  • Directa Plus S.p.A (Italy)
  • NanoXplore Inc. (Canada)
  • Thomas Swan & Co. Ltd. (U.K.)
  • First Graphene (Australia)
  • Talga Group (Australia)
  • Graphite Central (U.S.)

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