Dublin, Dec. 17, 2024 (GLOBE NEWSWIRE) -- The "Graphene Market by Type (Bulk Graphene and Monolayer Graphene), Source, Application, End-Use Industry (Automotive & Transportation, Aerospace & Defense, Electronics, and Construction) and Region - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
The graphene market is estimated at USD 1.00 billion in 2024 and is projected to reach USD 2.94 billion by 2029, at a CAGR of 24% from 2024 to 2029.
Bulk Graphene dominated the type segment of graphene market in terms of value in 2023. This is due to the rapidly growing demand for bulk graphene due to its unique combination of extraordinary properties and potential applications across various industries. Bulk Graphene is preferred over monolayer graphene for various reasons, specifically due to production scalability, cost-effectiveness, and application versatility.
Graphite accounted for the largest share of the overall graphene market, by source, in terms of value.
Graphite is among the most available forms of carbon in found on the earth. Due to its abundance, graphite is one of the most readily available raw materials for mass production of graphene. Businesses involved in graphite mining have an upper hand as they are masters of the supply of this precious resource since they determine who can access the supply. The synthesis of graphene from graphite is comparatively easier, compared to other sources, through mechanical or chemical exfoliation methods. Graphite can be cleaved into monolayers, or few layers sheets based on simple techniques like sonification or chemical treatments.
Composite application led the application segment during the forecast period, in terms of value in the graphene segment.
Composite application is leading the application segment of the graphene market because of some truly persuasive factors that outline the distinctive benefits it offers in terms of material property modification and enrichment across industries.
Graphene enhanced composites possess attractive mechanical, electrical, and thermal properties. Graphene incorporation in materials can enhance these in almost every aspect-for strength, flexibility, conductivity, and durability. This makes graphene composites particularly appealing for industries which require lightweight yet stiff materials, like aerospace and automotive.
Electronics end-use industry is expected to have the fastest growth rate in terms of value, amongst all the end-use industries in the graphene market.'
Electronics end-use industry is expected to grow faster than all the other end-use industries where graphene is used. The outstanding electrical conductivity, high electron mobility, make it an ideal material for various electronic components. This capability allows for the development of faster and more efficient devices that may be critical in a market focused on performance and speed.
Constant research and development are increasing potential applications of graphene in electronics. Some of the recent innovations, like Graphene field-effect transistors (GFETs), promise to revolutionize semiconductor technology and thus offer superior performance compared to conventional silicon-based devices. While breakthroughs continue, the reception of graphene in new electronic technologies should gain greater momentum.
During the forecast period, graphene market in Asia Pacific region is projected to have the largest market share, in terms of value amongst all regions.
In terms of value, Asia Pacific accounted for the largest market share of the graphene market due to increasing demand for graphene across various sectors, especially in electronics and automotive industries.
The electronics sector is one of the growing areas, which graphene plays a vital role in the adoption of graphene in the Asia Pacific region. Graphene's unique properties such as strength to weight ratio, and excellent electrical conductivity are increasingly utilized in the automotive and aerospace sectors.
The competitive environment in Asia Pacific is characterized by numerous players investing heavily in R&D to enhance their product offerings. Companies such as Ningbo Morsh Technology Co., Ltd., First Graphene, and The Sixth Element (Changzhou) Materials Technology Co., Ltd. are expanding their market presence through strategic partnerships and collaborations, which further drives market growth.
The report provides a comprehensive analysis of company profiles:
Prominent companies include Graphenea S.A (Spain), First Graphene (Australia), NanoXplore Inc. (Canada), Avanzare Innovacion Technologica S.L. (Spain), Global Graphene Group (US), Directa Plus S.P.A (Italy), Haydale Graphene Industries Plc (UK), ACS Material (US), The Sixth Element (Changzhou) Materials Technology Co. Ltd. (China), Xiamen Knano Graphene Technology Co., Ltd. (China), Universal Matter, Inc. (Canada), Petroliam Nasional Berhad (Petronas, Malaysia), Thomas Swan & Co. Ltd. (England), and Danish Graphene ApS (Denmark).
The report provides insights on the following:
- Analysis of key drivers (Growing demand in key end-use industries and supportive government policies in major graphite-exporting countries for boosting graphene production), restraints (Difficulty in mass production and lack of energy band-gap in graphene materials), opportunities (Rising demand in energy storage applications due to exceptional properties and rising use in next generation electronics due to exceptional properties), and challenges (Lack of standardization in graphene industry and high production cost) influencing the growth of the graphene market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the graphene market.
- Market Development: Comprehensive information about lucrative markets - the report analyses the graphene market across varied regions.
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the graphene market
- Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 296 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value (USD) in 2024 | $1 Billion |
| Forecasted Market Value (USD) by 2029 | $2.94 Billion |
| Compound Annual Growth Rate | 24.0% |
| Regions Covered | Global |
Key Topics Covered:
Premium Insights
- Attractive Opportunities for Players in Graphene Market
- Graphene Market, by Type and Region
- Graphene Market, by Source
- Graphene Market, by End-use Industry
- Graphene Market, by Application
- Graphene Market, by Country
Market Dynamics
Drivers
- Growing Demand in Key End-use Industries
- Supportive Government Policies in Major Graphite-Exporting Countries for Boosting Graphene Production and Improving Revenue Streams
Restraints
- Difficulty in Mass Production
- Lack of Energy Bandgap in Graphene Materials
Opportunities
- Rising Demand in Energy Storage Applications due to Exceptional Properties
- Rising Use in Next-Generation Electronics (Flexible Electronics, Wearables, and Smart Textiles) due to High Conductivity and Flexibility
Challenges
- Lack of Standardization in Graphene Industry
- High Production Cost
Case Study Analysis
- First Graphene Designed Puregraph Mb-Eva Bitumen
- Avanzare Innovacion Tecnologica S.L. and Technalia Partnered to Create Design Strategies for Graphene Production
- Global Graphene Group Partnered with Taiwan-based Manufacturer to Develop Graphene-based Materials for Semiconductor Industry
Companies Profiled
- Graphenea
- First Graphene
- Nanoxplore Inc.
- Avanzare Innovacion Tecnologica
- Global Graphene Group
- Directa Plus S.P.A.
- Haydale Graphene Industries
- Acs Material
- The Sixth Element (Changzhou) Materials Technology Co.
- Xiamen Knano Graphene Technology Co.
- Universal Matter, Inc.
- Ningbo Morsh Technology Co.
- Thomas Swan & Co.
- Danish Graphene Aps
- Nanotech Energy
- Grolltex
- Otto Chemie
- Lhp Nanotech
- Ceylon Graphene Technologies
- Alfa Chemistry
- Carbon Rivers
- Talga Group
- Matexcel
- Graphite Central
For more information about this report visit https://www.researchandmarkets.com/r/7seqer
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