Graphene Market Report
RA06210
Graphene Market, by Product (Graphene Nanoplatelets, Graphene Oxide, Others), Application (Electronics, 71, Energy, Others): Global Opportunity Analysis and Industry Forecast, 2020-2027
Graphene Overview
A single layer of carbon atoms organised in a hexagonal lattice make up the two-dimensional allotrope of carbon known as graphene. It has remarkable mechanical, electrical, and thermal qualities and is very thin and light. Andre Geim and Konstantin Novoselov of the University of Manchester originally discovered and characterised graphene in 2004, for which they were given the 2010 Nobel Prize in Physics.
Global Graphene Market Analysis
The global graphene market size was $178.5 million in 2022 and is predicted to grow at a CAGR of 19.4%, by generating a revenue of $1,046.7 million by 2032.
COVID-19 Impact on Global Graphene Market
Due to lockdowns and social distancing measures, many research laboratories and facilities had to restrict their activities or temporarily close. Due to the resulting slowdown in graphene research and development activities, prospective improvements and applications were postponed. The pandemic caused a substantial decline in various industries, which had an impact on the market for goods and materials based on graphene. For instance, the market for composites and coatings based on graphene was hampered by production cuts in the car industry and decreased consumer expenditure.
The demand for electronic devices like smartphones, tablets, and wearables is expected to rise as the economy strengthens. Graphene is increasingly in demand in the next generation of electronic devices due to its unique properties, including as high electrical conductivity and flexibility.
Advancements in Research and Development to Drive the Market Growth
The knowledge and understanding of graphene's properties and prospective uses are constantly developing as a result of research and development efforts. The market is continually evolving and growing as researchers make new discoveries and devise creative methods to use graphene. High electrical conductivity, thermal conductivity, mechanical strength, flexibility, and transparency are just a few of graphene's remarkable qualities. These characteristics make it very appealing for a variety of applications, including composite materials, medicinal equipment, electronics, and energy storage. The need for graphene is being driven by the capacity to improve performance and develop novel solutions.
High Production Costs to Restrain Market Growth
Graphene manufacturing on a large scale is currently quite expensive. Chemical vapour deposition (CVD), one of the procedures used to create graphene, can be expensive and call for specialised tools. Due to the high production costs, it is not widely commercialised and is not affordable. High-quality graphene production on a wide scale and with consistent quality remains a difficult task. Meeting industry standards requires ensuring homogeneity and scalability across production batches. Additionally, in order to cut waste and boost cost-effectiveness, the yield of high-quality graphene during production operations needs to be improved.
Electronics and Flexible Displays to Drive Excellent Opportunities
Electronic applications benefit greatly from graphene's excellent electrical conductivity, flexibility, and transparency. The development of speedier, more energy-efficient, and flexible devices could change the electronics industry. Examples include wearable electronics, flexible screens, and transistors based on graphene. It may be useful for batteries and supercapacitors to use graphene as an energy storage medium. Materials based on graphene can boost energy density, speed up charging, and prolong battery life. The adoption of renewable energy sources can be sped up, and widespread usage of electric vehicles can be made possible through improvements in graphene-based energy storage technologies. The creation of high-speed communication equipment and components is a good fit for graphene due to its high-frequency performance and great electrical conductivity. Future wireless communication technologies and the development of 5G networks may both benefit from the use of graphene.
Global Graphene Market Share, by Product, 2022
The graphene nanoplatelets sub-segment accounted for the highest share in 2022. When compared to other types of graphene, including graphene oxide or graphene flakes, Graphene Nanoplatelets (GNP)s offer improved processability. Due to their platelet-like form, they can be easily disseminated in a variety of matrices, including polymers, metals, and composites. It is now simpler to incorporate GNPs into current manufacturing techniques and materials thanks to this improved processability. GNPs have the ability to serve as reinforcements in composite materials. The tensile strength, stiffness, and impact resistance of composite materials are improved by GNPs' high aspect ratio and mechanical strength. They are appealing for use in fields where lightweight and high-performance materials are desired, such as aerospace, automotive, and construction. Collaborations among producers of graphene nanoplatelets, researchers, and consumers are essential for promoting the use and commercialization of GNPs. Collaborations increase the market potential of GNPs by facilitating information exchange, technology development, and customization for particular applications.
Global Graphene Market Share, by Application, 2022
The composites sector accounted for the highest market size in 2022. With a mechanical strength that is around 200 times greater than steel, graphene is a fascinating material. The strength and stiffness of composite materials can be greatly increased while yet maintaining a lightweight profile by integrating graphene into them. In sectors like aircraft, automotive, and sports equipment where lightweight materials with high strength are highly desired, this driver is especially important. A superior electrical conductor is graphene. When graphene is included into composites, the material gains electrical conductivity. Applications including electrical components, electromagnetic shielding, and conductive coatings benefit from this property. Their wider acceptability could be aided by the creation and implementation of standards and laws specifically for graphene composites. End-users can feel confident using graphene composites, and their incorporation into current production procedures can be made easier by setting up industry-wide standards for their characterisation, testing, and quality control.
Global Graphene Market Share, by Region, 2022
The Asia-Pacific graphene market dominated the market share in 2022. The electronics, automotive, aerospace, and energy storage sectors are all expanding significantly in the Asia-Pacific area. Both established businesses and newcomers to the graphene market are based in the Asia-Pacific area. This highly competitive environment encourages creativity, propels scientific developments, and provides a broad spectrum of graphene-based goods and services to satisfy various market demands. This manufacturing ability enables effective production and scaling of materials based on graphene, which supports the expansion of the graphene market in the area. Environmental issues in the Asia-Pacific area include waste management, water scarcity, and air pollution. Potential solutions for these environmental problems include graphene-based products including air filters, water treatment membranes, and sustainable materials. Market expansion in the region is driven by consumer demand for graphene-based environmental solutions.
Competitive Scenario in the Global Graphene Market
Product development and geographic expansion are major strategies followed by the key players in the highly competitive global graphene market. July 2022: Vittoria SpA, a manufacturer of performance bicycle tyres, and Haydale Graphene Industries PLC worked together to create and supply functionalized graphene nanomaterial in addition to tyre rubber. In this regard, Haydale secured an order for 1 tonne of functionalized graphene. The two businesses also agreed on arrangements for the medium-term production of functionalized graphene in Thailand close to the Vittoria factory.
Some of the leading graphene market players are ACS Material, LLC, CVD Equipment Corp., BGT Materials Ltd., Directa Plus SpA, Grafoid Inc., Thomas Swan & Co. Ltd., Graphenea, Graphene Laboratories, Inc., 2D Carbon Graphene Material Co., Ltd., and NanoXplore, Inc.
| Aspect | Particulars |
| Historical Market Estimations | 2021 |
| Base Year for Market Estimation | 2022 |
| Forecast Timeline for Market Projection | 2023-2032 |
| Geographical Scope | North America, Europe, Asia-Pacific, and LAMEA |
| Segmentation by Product |
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| Segmentation by Application |
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| Key Companies Profiled |
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Q1. What is the size of the graphene market?
A. The size of the graphene market was over $178.5 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 19.4% during the forecast period.
Q2. Which are the major companies in the Graphene market?
A. 2D Carbon Graphene Material Co., Ltd. and Thomas Swan & Co. Ltd. are some of the key players in the global graphene market.
Q3. Which region, among others, possesses greater investment opportunities in the near future?
A. The Asia-Pacific region possesses great investment opportunities for investors to witness the most promising growth in the future.
Q4. What are the strategies opted by the leading players in this market?
A. Product development and geographic expansion are the two key strategies opted by the operating companies in this market.
Q5. Which companies are investing more in R&D practices?
A. 2D Carbon Graphene Material Co., Ltd. and Thomas Swan & Co. Ltd. are the companies investing more in R&D activities for developing new products and technologies.
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1. RESEARCH METHODOLOGY
1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters
1.5. Market size estimation
1.5.1. Top-down approach
1.5.2. Bottom-up approach
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2. REPORT SCOPE
2.1. Market definition
2.2. Key objectives of the study
2.3. Report overview
2.4. Market segmentation
2.5. Overview of the impact of COVID-19 on Global Graphene Market
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3. EXECUTIVE SUMMARY
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4. MARKET OVERVIEW
4.1. Introduction
4.2. Growth impact forces
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.3. Market value chain analysis
4.3.1. List of raw material suppliers
4.3.2. List of manufacturers
4.3.3. List of distributors
4.4. Innovation & sustainability matrices
4.4.1. Technology matrix
4.4.2. Regulatory matrix
4.5. Porter’s five forces analysis
4.5.1. Bargaining power of suppliers
4.5.2. Bargaining power of consumers
4.5.3. Threat of substitutes
4.5.4. Threat of new entrants
4.5.5. Competitive rivalry intensity
4.6. PESTLE analysis
4.6.1. Political
4.6.2. Economical
4.6.3. Social
4.6.4. Technological
4.6.5. Environmental
4.7. Impact of COVID-19 on Graphene Market
4.7.1. Pre-covid market scenario
4.7.2. Post-covid market scenario
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5. Graphene Market, By Product
5.1. Overview
5.2 Graphene Nanoplatelets
5.2.1 Definition, key trends, growth factors, and opportunities
5.2.2 Market size analysis, by region, 2020-2027
5.2.3 Market share analysis, by country, 2020-2027
5.3 Graphene Oxide
5.3.1 Definition, key trends, growth factors, and opportunities
5.3.2 Market size analysis, by region, 2020-2027
5.3.3 Market share analysis, by country, 2020-2027
5.4 Others
5.4.1 Definition, key trends, growth factors, and opportunities
5.4.2 Market size analysis, by region, 2020-2027
5.4.3 Market share analysis, by country, 2020-2027
5.5 Research Dive Exclusive Insights
5.5.1 Market attractiveness
5.5.2 Competition heatmap
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6. Graphene Market, By Application
6.1. Overview
6.2 Electronics
6.2.1 Definition, key trends, growth factors, and opportunities
6.2.2 Market size analysis, by region, 2020-2027
6.2.3 Market share analysis, by country, 2020-2027
6.3 71
6.3.1 Definition, key trends, growth factors, and opportunities
6.3.2 Market size analysis, by region, 2020-2027
6.3.3 Market share analysis, by country, 2020-2027
6.4 Energy
6.4.1 Definition, key trends, growth factors, and opportunities
6.4.2 Market size analysis, by region, 2020-2027
6.4.3 Market share analysis, by country, 2020-2027
6.5 Others
6.5.1 Definition, key trends, growth factors, and opportunities
6.5.2 Market size analysis, by region, 2020-2027
6.5.3 Market share analysis, by country, 2020-2027
6.6 Research Dive Exclusive Insights
6.6.1 Market attractiveness
6.6.2 Competition heatmap
7. Graphene Market, By Region
7.1 North America
7.1.1 U.S
7.1.1.1 Market size analysis, By Product, 2020-2027
7.1.1.2 Market size analysis, By Application, 2020-2027
7.1.2 Canada
7.1.2.1 Market size analysis, By Product, 2020-2027
7.1.2.2 Market size analysis, By Application, 2020-2027
7.1.3 Mexico
7.1.3.1 Market size analysis, By Product, 2020-2027
7.1.3.2 Market size analysis, By Application, 2020-2027
7.1.4 Research Dive Exclusive Insights
7.1.4.1 Market attractiveness
7.1.4.2 Competition heatmap
7.2 Europe
7.2.1 Germany
7.2.1.1 Market size analysis, By Product, 2020-2027
7.2.1.2 Market size analysis, By Application, 2020-2027
7.2.2 UK
7.2.2.1 Market size analysis, By Product, 2020-2027
7.2.2.2 Market size analysis, By Application, 2020-2027
7.2.3 France
7.2.3.1 Market size analysis, By Product, 2020-2027
7.2.3.2 Market size analysis, By Application, 2020-2027
7.2.4 Spain
7.2.4.1 Market size analysis, By Product, 2020-2027
7.2.4.2 Market size analysis, By Application, 2020-2027
7.2.5 Italy
7.2.5.1 Market size analysis, By Product, 2020-2027
7.2.5.2 Market size analysis, By Application, 2020-2027
7.2.6 Rest of Europe
7.2.6.1 Market size analysis, By Product, 2020-2027
7.2.6.2 Market size analysis, By Application, 2020-2027
7.2.7 Research Dive Exclusive Insights
7.2.7.1 Market attractiveness
7.2.7.2 Competition heatmap
7.3 Asia-Pacific
7.3.1 China
7.3.1.1 Market size analysis, By Product, 2020-2027
7.3.1.2 Market size analysis, By Application, 2020-2027
7.3.2 Japan
7.3.2.1 Market size analysis, By Product, 2020-2027
7.3.2.2 Market size analysis, By Application, 2020-2027
7.3.3 India
7.3.3.1 Market size analysis, By Product, 2020-2027
7.3.3.2 Market size analysis, By Application, 2020-2027
7.3.4 Australia
7.3.4.1 Market size analysis, By Product, 2020-2027
7.3.4.2 Market size analysis, By Application, 2020-2027
7.3.5 South Korea
7.3.5.1 Market size analysis, By Product, 2020-2027
7.3.5.2 Market size analysis, By Application, 2020-2027
7.3.6 Rest of Asia-Pacific
7.3.6.1 Market size analysis, By Product, 2020-2027
7.3.6.2 Market size analysis, By Application, 2020-2027
7.3.7 Research Dive Exclusive Insights
7.3.7.1 Market attractiveness
7.3.7.2 Competition heatmap
7.4 LAMEA
7.4.1 Brazil
7.4.1.1 Market size analysis, By Product, 2020-2027
7.4.1.2 Market size analysis, By Application, 2020-2027
7.4.2 Saudi Arabia
7.4.2.1 Market size analysis, By Product, 2020-2027
7.4.2.2 Market size analysis, By Application, 2020-2027
7.4.3 UAE
7.4.3.1 Market size analysis, By Product, 2020-2027
7.4.3.2 Market size analysis, By Application, 2020-2027
7.4.4 South Africa
7.4.4.1 Market size analysis, By Product, 2020-2027
7.4.4.2 Market size analysis, By Application, 2020-2027
7.4.5 Rest of LAMEA
7.4.5.1 Market size analysis, By Product, 2020-2027
7.4.5.2 Market size analysis, By Application, 2020-2027
7.4.6 Research Dive Exclusive Insights
7.4.6.1 Market attractiveness
7.4.6.2 Competition heatmap
8. Competitive Landscape
8.1 Top winning strategies, 2020-2027
8.1.1 By strategy
8.1.2 By year
8.2 Strategic overview
8.3 Market share analysis, 2020-2027
9. Company Profiles
9.1 Angstron Materials, Inc
9.1.1 Overview
9.1.2 Business segments
9.1.3 Product portfolio
9.1.4 Financial performance
9.1.5 Recent developments
9.1.6 SWOT analysis
9.2 Acs Material, Llc
9.2.1 Overview
9.2.2 Business segments
9.2.3 Product portfolio
9.2.4 Financial performance
9.2.5 Recent developments
9.2.6 SWOT analysis
9.3 Amo Gmbh
9.3.1 Overview
9.3.2 Business segments
9.3.3 Product portfolio
9.3.4 Financial performance
9.3.5 Recent developments
9.3.6 SWOT analysis
9.4 Bgt Materials Limited
9.4.1 Overview
9.4.2 Business segments
9.4.3 Product portfolio
9.4.4 Financial performance
9.4.5 Recent developments
9.4.6 SWOT analysis
9.5 Cvd Equipment Corporation
9.5.1 Overview
9.5.2 Business segments
9.5.3 Product portfolio
9.5.4 Financial performance
9.5.5 Recent developments
9.5.6 SWOT analysis
9.6 Directa Plus S.P.A
9.6.1 Overview
9.6.2 Business segments
9.6.3 Product portfolio
9.6.4 Financial performance
9.6.5 Recent developments
9.6.6 SWOT analysis
9.7 Grafoid, Inc
9.7.1 Overview
9.7.2 Business segments
9.7.3 Product portfolio
9.7.4 Financial performance
9.7.5 Recent developments
9.7.6 SWOT analysis
9.8 Graphenea Sa
9.8.1 Overview
9.8.2 Business segments
9.8.3 Product portfolio
9.8.4 Financial performance
9.8.5 Recent developments
9.8.6 SWOT analysis
9.9 Graphene Nanochem Plc
9.9.1 Overview
9.9.2 Business segments
9.9.3 Product portfolio
9.9.4 Financial performance
9.9.5 Recent developments
9.9.6 SWOT analysis
9.10 Group Nanoxplore, Inc
9.10.1 Overview
9.10.2 Business segments
9.10.3 Product portfolio
9.10.4 Financial performance
9.10.5 Recent developments
9.10.6 SWOT analysis
9.11 Graphene Laboratories, Inc.
9.11.1 Overview
9.11.2 Business segments
9.11.3 Product portfolio
9.11.4 Financial performance
9.11.5 Recent developments
9.11.6 SWOT analysis
9.12 Graphensic Ab.
9.12.1 Overview
9.12.2 Business segments
9.12.3 Product portfolio
9.12.4 Financial performance
9.12.5 Recent developments
9.12.6 SWOT analysis
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