Graphene Market to Reach USD 2,172.2 Million by 2029 | Extensive 216 Page Research Report

Key companies covered in graphene market are Haydale Graphene Industries plc, Graphenea, ACS Material, XG Sciences, Global Graphene Group, Applied Graphene Materials, Grolltex Inc, Directa Plus S.p.A, NanoXplore Inc., Thomas Swan & Co. Ltd., First Graphene, Talga Group, Graphite Central and more players profiled.

Pune, India, Sept. 25, 2023 (GLOBE NEWSWIRE) -- The global graphene market size was valued at USD 337.0 Million in 2022 and is projected to grow from USD 432.7 million in 2023 to USD 2,957.9 million by 2030, exhibiting a CAGR of 31.6% during the forecast period.

This information is provided by Fortune Business Insights, in its report titled, “Graphene Market, 2023-2030.”

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List of Key Players Mentioned in the Graphene Market Report:

  • 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.)

Competitive Landscape:

Partnerships among Companies to Secure their Brand Values in Global Market

Prominent players in the market are constantly opting for effective strategies to promote their products and establish their positions in the market. One such strategy is to launch new products by partnering with other companies to extend their reach to end-users.

Key Industry Development:

July 2022: Graphenea and Grapheal joined forces to quicken study on biosensors with GraphLAB, a graphene-based product. GraphLAB is a next-gen assessment method for protein disease and screening detection.

Report Scope & Segmentation:

Report Coverage Details
Forecast Period 2023-2030
Forecast CAGR 31.6 %
2030 Value Projection USD 2,957.9 Million
Market Size in 2023 USD 432.7  Million
Historical Data 2020-2022
No. of Pages 216
Report Coverage Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends
Segments Covered
  • By Type
  • By Application
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Graphene Market Growth Drivers Aerospace & Defense Segment to Hold a Significant Share Owing to Extensive Adoption of Material
Increasing Demand from the Biomedical Industry to Boost Market Growth

Browse Detailed Summary of Research Report with TOC:

COVID-19 Impacts:

Increasing Demand from the Biomedical Industry to Boost Market Growth

The development of graphene technology and its applications accelerated radically during COVID-19 due to its exceptional properties, including flexibility, conductivity, antibacterial, and antivirus efficacy. Graphene-based protective equipment, drug delivery, bio-sensors, and treatment systems were developed and utilized to fight against COVID-19.

However, in contrary to healthcare and biomedical sectors, electronics and energy sectors experienced a negative impact from COVID-19 owing to the logistics lowdown, decline in demand, and restricted accessibility to raw materials for production.


GO Segment to Gain Momentum Due to Increasing Applications from Various End-use Industries

Based on product, the market is segmented into graphene oxide (GO), graphene nanoplatelets (GNP), and others.
GNP accounted for the largest market share in 2021 and is expected to continue its dominance until 2029.

Aerospace & Defense Segment to Hold a Significant Share Owing to Extensive Adoption of Material

In terms of end-use industry, the market is classified into electronics, aerospace & defense, automotive, energy, and others.

Graphene is revolutionizing the aerospace industry as it improves the functionality of the coatings and composites used in planes, drones, helicopters, and spaceships manufacturing.

Geographically, the market is segregated into North America Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Report Coverage:

The report offers a detailed study of the market and a keen examination of the major segments of the market. It provides an in-depth analysis of key players and their insightful strategies to spur market growth for monetary gains. It also shares tangible insights, which guide business owners with their investment perspective.

Drivers and Restraints:

Growing Product Penetration in the Electronics Industry to Aid Growth

Owing to it exceptionally high thermal and electrical conductivity and its lightweight nature, it is preferably suitable for electronics applications. The electrons in this allotrope of carbon have higher mobility, and therefore speed up more when applied on an electric field, as compared to semiconductors that are extensively employed in electronic devices, including silicon. Owing to these properties, it produces more proficient devices that function faster than traditional substitutes while using less power.
Regional Insights:

Asia Pacific to Dominate Backed by Favorable Government Policies

Asia Pacific held the largest graphene market share and is anticipated to dominate the market during the forecast period, owing to favorable policies by the government, academic research, and funding in the region.

The market in the North America region is estimated to witness significant growth, owing to growing demand from the aerospace and energy industries, as well as high demand for eco-friendly, strong, efficient, and lightweight goods, driving the graphene market growth in the region.

The market in Europe is anticipated to witness a significant growth rate and may continue its dominance during the forecast period owing to increasing investments in R&D activities.

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Detailed Table of Contents:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Data Sources
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
    • Market Trends
  • Key Insights
    • Key  Emerging Trends
    • Latest Technological Advancements
    • Insights on Regulatory Scenario
    • Porters Five Forces Analysis
    • Key Industry Developments
    • Qualitative Analysis: Nitrogen-doped Graphene
    • Qualitative Analysis of Graphene Oxide and Graphene Nanoplatelets
  • Qualitative Insights – Impact of COVID-19 on Global Graphene Market
    • Supply Chain Challenges
    • Challenges & Opportunities in COVID-19 outbreak
    • Steps taken by Government/Companies to overcome this impact
  • Global Graphene Market Analysis, Insights and Forecast, 2019-2030
    • By Product (Value)
      • Graphene Oxide
      • Graphene Nanoplatelets (GNP)
      • Others
    • By End-use Industry (Value)
      • Electronics
      • Aerospace & Defense
      • Energy
      • Automotive
      • Others
    • By Region (Value)
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East & Africa

TOC Continued...!

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Graphene Market