Global Graphene Market Overview
Graphene Market accounted for USD 103.14 Million in 2020 and is estimated to be USD 628.53 Million by 2030 and is anticipated to register a CAGR of 19.8%.
Graphene is a single layer carbon atom known as carbon allotrope which is arranged in a hexagonal/honeycomb lattice. Graphene is one of the strongest materials but particularly thin. Graphene has excellent electrical properties such as high optical transparency, high carrier mobility, high mechanical strength, and excellent current-carrying capability. Due to these properties, graphene is being measured as one of the most prominent nanomaterial especially for electronic and optic applications. Further, it is widely used in various applications, such as RFID, sensors, composites, research & development, functional ink, energy storage, and polymer additives.
Global Graphene Market Drivers & Restraints
Expanding electronics & telecommunication industry
Graphene has a wide range of applications in both, electronic and telecommunication business. Electronics and telecommunications industry is one of the largest industry for graphene end-user and its derivative products. In telecommunications and electronics, graphene is used for various applications, comprising transistors, unbreakable touchscreens, printed electronics, supercharged batteries (enhanced lithium-ion batteries), optical electronics, and conductive inks, among others. Graphene is much stronger than steel and is comparatively harder than diamond. Additionally, being a major conductor of heat and electricity it finds application in memory chips as well as screens in laptops and mobile phones. It is normally used in the combined form to further boost its strength, durability, toughness, and conductivity.
Gaining popularity in the automotive and aerospace & defense industries
Graphene is also progressively gaining popularity in the automotive and aerospace & defense industries. It possesses excellent strength and toughness and is light in weight. Rising demand for safe and lighter vehicles is mainly to offer lucrative opportunities for the product to be used as an additive in composite materials. Furthermore, increasing attempts to strengthen vehicle structures as well as to enhance the crashworthiness has led a demand for the product in the manufacturing of lighter and greener cars. For example, Geneva Motor Show, Spania launched the world’s first supercar and integrated graphene into the car structure which decreases the overall weight of the vehicle, which, in turn, lower the fuel consumption and emits less emissions.
However, technical limitations and high price of equipment for commercial production are the major factors hampering growth of the target market.
Global Graphene Market Segmentations & Regional Insights
Graphene market is segmented based on product type, end-user, and region.
On the basis of product type, the graphene market is segmented into graphene sheets & films, nanoribbons, nanoplatelets, graphene oxide, and others. Based on end-user, the global market is classified into industry electronics & telecommunication, bio-medical & healthcare, energy, aerospace & defense, and others.
Regional Insights:
On region the graphene market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America estimates for largest revenue share in the graphene market. Growing adoption of graphene in automotive and aerospace & defense sectors is a major factor boosting growth in this region. The Europe graphene market is projected to register substantial growth and is likely to register a CAGR of X.X% in the coming years. The market in Asia Pacific is anticipated to witness highest growth for graphene and is expected to witness a CAGR of XX.X% over the forecast period. Presence of key players and rapid development in electronics sector in countries such as China, Japan, etc. are driving the growth in this region.
Graphene Market Report Scope:
Attribute |
Details |
Base year for estimation |
2020 |
Forecast period |
2020 – 2027 |
Market representation |
Revenue in USD Million & CAGR from 2020 – 2027 |
Market Segmentation |
By Product type- Graphene Sheets & Films, Nanoribbons, Nanoplatelets, Graphene Oxide, and Others By End-user– Reference Laboratories, Point-of-care Testing/In-house Testing, Veterinary Hospitals & Clinics, and Others |
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2027. For the purpose of this study, has segmented the graphene market report based on product type, end-user, and region.
Graphene Market, By Product Type:
- Graphene Sheets & Films
- Nanoribbons
- Nanoplatelets
- Graphene Oxide
- Others
Graphene Market, By End-user:
- Industry Electronics & Telecommunication
- Bio-medical & Healthcare
- Energy
- Aerospace & Defense
- Others
Graphene Market, By Region:
- North America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
- Mexico
- Brazil
- Asia Pacific
- Rest of Asia Pacific
- South Korea
- Japan
- India
- China
- Europe
- Rest of Europe
- Italy
- Russia
- France
- UK
- Germany
- U.S.
- Canada
- Middle East & Africa
Global Graphene Market Competitive Landscape & Key Players
The key players operating the graphene market includes Graphenea S.A., XG Sciences, Inc., Applied Graphene Materials plc, , Haydale Limited, Grafoid Inc., Nanjing XFNANO Materials Tech Co., Ltd., Graphene Frontiers LLC., ACS Materials LLCAdvanced Graphene Products Sp. z o.o., Applied Nanotech, Inc., and Xiamen Knano Graphene Technology Corporation Limited. Expansion of capacity is one of the key strategies developed by the industry payers to strengthen their market position. Graphenea S.A is the global player in the graphene market with presence in more than 60 countries worldwide. It has a widespread manufacturing capacity of circa 150,000 square centimeters of graphene anually.
Global Graphene Market Company Profile
- Graphenea S.A
- Xiamen Knano Graphene Technology Corporation Limited
- Applied Nanotech, Inc.
- Advanced Graphene Products Sp. z o.o.
- Haydale Limited
- ACS Materials LLC
- Nanjing XFNANO Materials Tech Co., Ltd.
- Graphene Frontiers LLC.
- Grafoid Inc.
- Applied Graphene Materials plc
- XG Sciences, Inc.
FAQs
Graphene market is segmented based on product type, end-user, and region.
Graphene has a wide range of applications in both, electronic and telecommunication business is a major factor driving growth of the global high performance composites market.
North America is expected to account major market share as compared to that of other regions.
The key players operating the graphene market includes Graphenea S.A., XG Sciences, Inc., Applied Graphene Materials plc, , Haydale Limited, Grafoid Inc., Nanjing XFNANO Materials Tech Co., Ltd., Graphene Frontiers LLC., ACS Materials LLCAdvanced Graphene Products Sp. z o.o., Applied Nanotech, Inc., and Xiamen Knano Graphene Technology Corporation Limited.