The Graphene Market is to Touch $2.1 Billion by 2030; driven by increasing advancements in technology and the rising demand for high-performance materials across various industries. The expanding applications of graphene in sectors such as electronic

The Graphene Market size is estimated to reach $2.1 Billion by 2030, growing at a CAGR of 21% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Graphene Market – By Type: (Graphene Oxide, Graphene Nanoplatelets, Graphene Sheets and Films, Monolayer Graphene, Few-layer Graphene, Multi-layer Graphene, and Others.), By Fabrication Method: (Liquid Phase and Thermal Exfoliation, Chemical Vapor Deposition, Silicon Carbide Synthesis, and Others). By Application: (Composites, Sensors, Batteries, RFID, Energy Storage, Coatings, Polymer Additive, and Others). By End Use Industry: (Electronics (Electronic Components, Printed Electronics, Optical Electronics, and Others), Automotive (Passenger Vehicles, Electric Vehicles, and Commercial Vehicles), Aerospace (Aircrafts, Drones Manufacturing, and Others), Healthcare (Biomedical Devices, Wearable Healthcare Monitoring, and Others), and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

The increasing adoption of advanced materials and technological innovations in various applications are key drivers of market expansion for the Graphene industry during the forecast period. 

Asia Pacific Dominated the Market in 2023

By Geography, the Asia Pacific segment is the fastest-growing region in the graphene market for the year 2023 and will grow by over 29% during the forecast period. There is a growth in applications for graphene in electric vehicles, consumer electronics, aerospace, and others in this region. The Asia Pacific region is the largest producers of electronic goods, which tends to boost the demand of graphene for various electronic devices, electric vehicle batteries, and others. Thus, with high demand for graphene, including graphene-based polymer composites, optical electronics, consumer electronics, wearable, and others, and flourishing end-use industries such as automotive, aerospace, and others, the graphene industry will grow during the forecast period.

The Graphene market is witnessing robust growth due to the diverse types of graphene available. Graphene Oxide, Graphene Nanoplatelets, Graphene Sheets and Films, and others cater to various industrial needs, each offering unique properties and applications. For instance, Graphene Oxide is gaining traction in biomedical applications due to its biocompatibility and ease of functionalization. Meanwhile, Graphene Nanoplatelets are preferred in composite materials for enhancing mechanical properties. This diversity allows industries like electronics, automotive, and healthcare to tailor their material choices to specific applications, thereby expanding the market reach. As new graphene types are developed, they will likely introduce additional opportunities for innovation and market penetration.

Innovations in fabrication methods are playing a critical role in the growth of the Graphene market. Techniques like Chemical Vapor Deposition (CVD) and Silicon Carbide Synthesis are enabling the production of high-quality graphene at scale. These methods ensure that the properties of graphene are optimized for various applications, from electronics to energy storage. Liquid Phase and Thermal Exfoliation methods are also making strides by providing cost-effective solutions for producing graphene on a commercial scale. Enhanced fabrication techniques contribute to the consistent quality of graphene, making it a reliable choice for industries. As these methods continue to evolve, they are expected to lower production costs and increase accessibility, further driving market expansion.

Scope of the Report: 

Recent Developments:

·         In December 2022, Haydale launched its graphene-enhanced prepreg to deliver cost-efficient composite tooling with extended tooling life, improved surface quality, and enhanced thermal conductivity.

·         In August 2022, NanoXplore acquired XG Sciences, a chemicals company. The acquisition included a significant portion of XG Sciences' assets, including the company's participation in the battery material space.

 

Graphene Market: Competitive Landscape

 

Key companies profiled in the Graphene Market are NanoXplore (XG Sciences, Inc), Global Graphene Group, Perpetuus Advanced Materials PLC and others.