Global Graphene Market generated a revenue of USD 73 million in 2020, and is estimated to reach USD 545 million in 2028, exhibiting a CAGR of 28.5% over the forecast period (2021-2028), due to the growing demand for printed electronics.

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Key Drivers and Emerging Trends

Growth in the graphene market is driven by the increasing adoption of graphene batteries in wearable electronics and additive in composite materials owing to the lightweight and exceptional strength. Increasing investment by government and private companies to improve product features and simplify the production process, will offer enormous opportunities to the market. For instance, in February 2022, the Kerala government entered into a partnership between Tata Steel Limited and Digital University of Kerala, Centre for Materials for Electronics Technology (C-MET) for the development of a graphene innovation center. The lightweight, faster charging, effectiveness, enhanced electrical & thermal conduction, higher electron mobility, permeability, heat resistance, and strength has augmented their application in automotive and consumer electronics, which is projected to expand the market growth. Moreover, the growing application of graphene in touch screens and commercialization of graphene will bolster the market size. However, high cost of raw material and the complicated production processes due to the heavy machinery & equipment needed for the production of graphene products will restrain the global graphene market size.

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End-Use Industry Segment Analysis

Automotive end-use industry is estimated to hold a major share in the market due to the grand emerging need for a clean and sustainable fuel. Increasing investment in research and development and growing demand for enhanced battery performance in automotive will augment the market growth.
Consumer Electronics industry is estimated to witness a faster CAGR over the upcoming years owing to its growing deployment in the production of laptops, computers, and microchips due to its cost-efficiency, strength, durability, and conductivity.

Type Segment Analysis

Lithium-ion graphene battery type is likely to dominate the graphene market during the upcoming years. With the increasing demand for lithium-ion graphene batteries as compared to the traditional batteries due to their exceptional features including low maintenance, lightweight, durability, and higher energy-density, the demand for lithium-ion batteries across consumer electronics, automotive, and industrial applications has increased, driving the market growth.

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Regional Analysis

Asia-Pacific is expected to grow at a higher CAGR during the forecast period, owing to the rapid industrialization, automation of residential areas, expansion of automobile industry, and growing awareness about the advantages of graphene batteries.

North American graphene market is estimated to witness a higher CAGR owing to their growing deployment across automotive and aerospace & defense industries to manufacture lightweight cars and aerospace components with enhanced safety. Increasing investment in the advanced electronics field due to emerging customer demands, will further boost the market growth.

Top Market Players

Various notable players in the market includes Graphenea S.A., XG Sciences, Vorbeck Materials, Graphene Laboratories, CVD Equipment Corp., Haydale Ltd., ACS Materials LLC., Angstron Material, Graphene Nanochem PLC. and Grafoid Inc. among others.

Key Developments:

• • In 2022, Haydale Graphene Industries PLC entered into a partnership with Vittoria SpA, a performance bicycle tire producing company, for the co-development and supply of functionalized graphene nanomaterial for addition to the rubber of bicycle tires. Haydale received an order for 1 ton of functionalized graphene in this respect. The two companies have finalized the terms to produce functionalized graphene in Thailand near the Vittoria factories in the medium term.
  • In 2022, Graphene Manufacturing Group Ltd and Amec Foster Wheeler PLC entered into a non-binding Letter of Intent for GMG’s leading graphene manufacturing expansion projects. This agreement will help GMG in scaling up and automating its proprietary natural gas to the graphene manufacturing process.

Segments covered in the Report:

The Global Graphene Market has been segmented by type, by application and key geographies. Based on type the market comprises of Monolayer Graphene, few-layer Graphene, Multi-layer Graphene, Graphene Nanoplatelets, Reduced Graphene Oxide, Graphene Oxide.The research report “Global graphene market” provides in-depth analysis of the global graphene market based on type, application and major geographies for the forecast period from 2021 to 2028. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the global graphene market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

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Key questions answered in this research report:
1- At what pace is global graphene market growing? What will be growth trend in future?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global graphene market?
4- What are the various application areas and how they are poised to grow?

Market Segmentation

• By Type

• Monolayer Graphene
• Few-layer Graphene (FLG)
• Multi-layer Graphene (MLG)
• Graphene Nanoplatelets (GNP)
• Reduced Graphene Oxide (rGO)
• Graphene Oxide (GO)

• By Application

• Electronics
• Composites
• Energy
• Healthcare
• Others

Global Graphene Market by Region

• North America Graphene Market (Option 1: As a part of the free 25% customization)
  • By Type
  • By Application
  • US Market All-Up
  • Canada Market All-Up
• Europe Graphene Market (Option 2: As a part of the free 25% customization)
  • By Type
  • By Application
  • UK Market All-Up
  • Germany Market All-Up
  • France Market All-Up
  • Spain Market All-Up
  • Rest of Europe Market All-Up
• Asia-Pacific Graphene Market (Option 3: As a part of the free 25% customization)
  • By Type
  • By Application
  • China Market All-Up
  • India Market All-Up
  • Japan Market All-Up
  • Rest of APAC Market All-Up
• RoW Graphene Market (Option 4: As a part of the free 25% customization)
  • By Type
  • By Application
  • Brazil Market All-Up
  • South Africa Market All-Up
  • Saudi Arabia Market All-Up
  • UAE Market All-Up
  • Rest of world (remaining countries of the LAMEA region) Market All-Up

Leading Market Players
• Graphenea S.A.
• XG Sciences
• Vorbeck Materials
• Graphene Laboratories
• CVD Equipment Corp.
• Haydale Ltd.
• ACS Materials LLC.
• Angstron Material
• Graphene Nanochem PLC.
• Grafoid Inc.