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
Key Industry Developments in the Graphene Market
| 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.) |
Discover exceptional experiences through testimonials from our satisfied customers.
"As for the experience of using your service, I overall enjoyed the interactions and the report. I thought your report reflects well the overall market trends and the key players.Your data on China, understandably, was partial at best, given the status of the industry and the regulatory compliance in China."
"Delighted with the affordable, in-depth report! Instant replies to queries made the project smooth. Met client expectations seamlessly with the invaluable insights provided. Highly recommend for quality and efficiency!"
