Global Graphene Market – Industry Trends and Forecast to 2030

Graphene Market Analysis and Size

Graphene is an extremely conductive allotrope that consists of a single layer of carbon atoms and is surrounded by a single honeycomb lattice. They are exceedingly flexible and strong in nature. Graphene finds its application in various products such as sensors, batteries, semiconductors, displays, electronics, medicine, and others.

Data Bridge Market Research analyses that the graphene market which was USD  563.95 million in 2022, would rocket up to USD  8,622.19 million by 2030, and is expected to undergo a CAGR of 40.62% during the forecast period. “Graphene Nanoplatelets” dominates the product segment of the graphene market because the advanced nanoparticles are widely used in various application such as medical devices, energy, and coatings. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Graphene Market Scope and Segmentation

Market Definition

Graphene is a remarkable material that consists of a single layer of carbon atoms arranged in a two-dimensional honeycomb lattice. It is incredibly thin, lightweight, flexible, and transparent, yet it possesses exceptional strength, electrical conductivity, and thermal conductivity.

Global Graphene Market Dynamics

Drivers

• Unique Properties

Graphene possesses extraordinary properties, such as high electrical and thermal conductivity, mechanical strength, flexibility, and transparency. These unique characteristics make it an attractive material for a wide range of applications, driving the demand for graphene-based products.

• Electronic and Optoelectronic Applications

Graphene has the potential to revolutionize the electronics industry by enabling faster, more efficient, and flexible electronic devices. It can be used in transistors, flexible displays, touchscreens, photodetectors, and solar cells. The demand for high-performance electronic components and emerging technologies like 5G, the Internet of Things (IoT), and wearable devices are driving the graphene market.

Opportunities

• Electronics and Optoelectronics

Graphene's exceptional electrical conductivity and transparency make it well-suited for electronics and optoelectronics applications. It has the potential to revolutionize the semiconductor industry by enabling faster, more efficient, and flexible electronic devices. Opportunities exist in areas such as flexible displays, touchscreens, transistors, sensors, and photodetectors. 

Restraints/Challenges

• Cost of Production

The cost of graphene production is currently high, mainly due to the challenges associated with large-scale production and the use of specialized equipment and techniques. The cost needs to be reduced to make graphene more economically viable for various industries and applications.

• Integration Challenges

Integrating graphene into existing manufacturing processes and products can be complex. Graphene's unique properties often require modifications to existing production methods, which can involve significant investments and changes in manufacturing infrastructure. Overcoming these integration challenges is necessary for the seamless adoption of graphene-based solutions.

Recent Developments

• July 2022: Haydale Graphene Industries PLC collaborated with Vittoria SpA, a performance bicycle tire-producing company, on the co-development and supply of functionalized graphene nanomaterial in addition to the rubber of bicycle tires. Haydale received an order for 1 ton of functionalized graphene in this respect. The two companies also finalized terms to produce functionalized graphene in Thailand near the Vittoria factories in the medium term.

• March 2022: Graphene Manufacturing Group Ltd and Amec Foster Wheeler PLC signed a non-binding Letter of Intent for GMG’s major graphene manufacturing expansion projects. Under this agreement, Wood would support GMG in scaling up and automating its proprietary natural gas to the graphene manufacturing process.

Global Graphene Market Scope

The graphene market is segmented on the basis of product type, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Graphene Oxide
• Graphene Nanoplatelets
• Mono-layer and Bi-layer Graphene
• Graphene Sheets and Films
• Few Layer Graphene (FLG)
• Nanoribbons
• Others

Application

• Composites
• Paints
• Coatings and Inks
• Energy Storage and Harvesting
• Electronics
• Catalyst Tires
• Others

End-User

• Automotive and Transportation
• Aerospace
• Electronics
• Bio-medical and Healthcare
• Military and Defense
• Others

Global Graphene Market Regional Analysis/Insights

The graphene market is analyzed, and market size and volume information is provided by country, product type, application, and end user, as referenced above.

The countries covered in the market report are U.S., Canada and Mexico 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 Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America is expected to lead the graphene market because of the strong presence of small and medium-scale manufacturers. Asia-Pacific is expected to expand at a significant growth the over the forecast of 2021 to 2028 due to the strong presence of a large number of manufacturers and consumers and the rise in production in various sectors such as automobile, defense, marine, and aerospace.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Graphene Market Share Analysis

The graphene market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the graphene market.

Some of the major players operating in the graphene market are:

• Haydale Graphene Industries plc (U.K.)
• Applied Graphene Materials plc (U.K.)
• Suzhou Graphene Nanotechnology Co., Ltd. (China)
• Global Graphene Group (U.S.)
• Graphene NanoChem (U.K.)
• First Graphene (Australia)
• Elcora Advanced Materials (Canada)
• Graphene One (U.S.)

SKU-44919