Global Graphene Market By Material, By Application, By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Graphene Market Overview:

The Graphene Market size is expected to be worth around USD 59.04 billion by 2032 from USD 1.2 billion in 2021, growing at a CAGR of 42.5% during the forecast period from 2022 to 2032.

The market is expected to grow due to increasing demand for graphene in the following industries: electronics, biomedical technology, composites and coatings, water & wastewater treatment, and energy storage. Graphene has the ability to increase the energy and charge rates of modern-day rechargeable battery packs.

Graphene can also be used to prolong the life of lithium-ion battery cells and reduce their overall weight. Consequently, graphene’s increasing use in the Electric Vehicle (EV), the industry will drive market growth.

Global Graphene Market Scope:

Material Analysis

With a market share of over 43%, the graphene nanoplatelets segment was the leader in 2021. Graphene nanoplatelets have a number of key properties that will benefit the market growth, including their lightweight, mechanical properties, and superior thermal conductivities. This is in addition to the low cost and simple manufacturing process.

Graphene nanoplatelets enhance the material’s mechanical and tribological properties, as well as its thermal conductivity and barrier properties.
To enhance the mechanical behavior and chemical resistance of polymer matrices, graphene nanoplatelets can be added. Consequently, graphene nanoplatelets are expected to grow in demand.

Many applications include transparent conductive films for smartphones, supercapacitors and optoelectronic devices, flexible electronic devices, and medical devices. Graphene dioxide is widely used. Its outstanding properties, including its superior thermal and electric conductivity, transparency, and permeability, as well as its strength, play a significant role in driving the graphene demand. When large quantities of graphene are required for industrial applications such as energy storage, reduced graphene oxide is used. It can be produced by chemical, thermal, or electrochemical processes. It is important to use reduced graphene oxide because it improves quality.

Application Analysis

Composites accounted for 42% of the global revenue share in 2021. Composite materials can be made by combining graphene and existing products. Composites made from graphene are used to improve the performance and quality of sports equipment such as skiing and cycling. Graphene is used in increasing numbers as an additive to resin matrices. This allows for improved mechanical properties such as strength, durability, fire resistance, and UV resistance. It is also used in aircraft wings to reduce their weight and increase fuel efficiency. Another important application market is the energy sector.

This is due to the broad range of applications of graphene-based parts in energy storage and generation. Graphene coatings can be used in different batteries, conductors, or generators to increase energy efficiency and overall performance.

Graphene’s thinness and conductivity have benefited semiconductors. Graphene-based devices are low in manufacturing costs which encourages their use in IoT networks and wearable healthcare monitoring. It has multiple benefits that can be used to enhance many technologies in the electronics sector.

Key Market Segments:

By Material

• Graphene Nanoplatelets
• Graphene Oxide
• Reduced Graphene Oxide
• Others

By Application

• Electronics
• Composites
• Energy
• Others

Market Dynamics:

The demand for graphene-based carbon composites will grow due to the growing demand for aircraft bodies that are low in density, low in electrical conductivity, durable, strong, and long-lasting. Supercapacitors offer a better alternative to batteries, and they have much higher power densities. They can also work at very low temperatures.

The graphene market is growing steadily at an almost constant rate worldwide. Graphene is used in many areas, including automotive and transportation. There are many parts that can be used in the automotive industry, including tires, anti-braking systems, and composite structural parts. These accessories also help to increase graphene market growth. The Asia-Pacific region contributes to the fastest-growing graphene market

The graphene market has seen a rise in research and development activities, thanks to outstanding researchers and government agencies. The increase in the automotive industry and aerospace industry has led to the growth of the graphene market in Latin America, the Middle East, and Africa. Graphene-based supercapacitors have a superior capability to deliver short bursts, which could be useful for the development of electric supercars. The product demand is expected to grow exponentially. Unified standards for the production and quality of graphene and graphene-based products are expected to be a significant roadblock to product adoption on a commercial scale. High costs associated with product manufacturing also limit the market growth rate.

Regional Analysis

The Asia Pacific dominated this market and contributed 34% of global revenue due to high product demand across all industries (automotive, marine, military, and aerospace). The thriving industrial sector in the area is anticipated to fuel market expansion. The market is also significantly influenced by China’s manufacturing industry. This industry is anticipated to grow more quickly. There are several small- and medium-sized manufacturers in the North American continent.

The value chain for this manufacturer includes a sizable distribution and supply network. Distributors and suppliers are in charge of upholding a committed clientele. Numerous European businesses are providing affordable methods that enable extensive, large-scale graphene synthesis. Increasing government and corporate investments in graphene-based goods will also fuel market expansion.

Key Regions and Countries covered in the report:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

The global market is extremely concentrated and is mainly concentrated in developed regions such as North America or Europe. There are many Chinese suppliers and manufacturers. The market will grow due to the increasing efforts of multinational corporations and research institutions in R&D. Research institutes are the primary customers of companies. These companies will see an increase in industrial sales over the next few decades due to high product demand from the aerospace, automotive, and electronics industries.

Market Key Players:

• Angstron Materials, Inc.
• ACS Material, LLC
• BGT Materials Ltd.
• CVD Equipment Corporation
• Directa Plus SpA
• XG Sciences, Inc.
• Mono-layer & bi-layer graphene
• Grafoid Inc.
• AMO GmbH
• Vorbeck Materials
• Xiamen Knano Graphene
• HAYDALE GRAPHENE INDUSTRIES PLC
• NanoXplore Inc.
• Haydale Limited
• Graphenea SA
• Graphene NanoChem
• Other Key Players