Global Graphene Market is valued at USD 174.33 Million in 2021 and expected to reach USD 1726.71 Million by 2028 with a CAGR of 38.76% over the forecast period.
Increasing demand for lightweight, flexible and renewable materials with long life span are expected to remain the major key driver for the growth of global graphene market.
Graphene is a two dimensional carbon allotrope, arranged in a honeycomb crystal matrix due to which it is extremely flexible and much stronger than products like steel and diamond. Graphene possesses a unique combination of properties such as high mechanical strength, thermal conductivity, barrier properties to liquid and gases, lubricating properties, electrical conductivity and energy storage, which gives a potential to replace current materials in a wide range of applications. The demand for faster, better and cheaper electronic devices has increased to a greater extent in recent years. Graphene has been considered as newfangled material which has a great potential to alter the future electronics. The anticipation over graphene results from its unique physical and conductive properties. Growing research & development, increasing demand for flexible & high performing products from different sectors is expected to foster the market growth in forecast period.
Global graphene market report is segmented on the basis of product type, end-users and by regional. Based upon product type is market is segmented into graphene oxide (GO), mono-layer & bi-layer graphene, few layer graphene (FLG), graphene nano platelets (GNP) and others. On the basis of end-users global graphene market is segmented into energy, aerospace, biomedical & life sciences, electronics, defense and others (sensors, catalyst, coating, filtration and adhesive). Electronics was the major end-user segment, accounting for a market share of 42.45% in terms of revenue in 2017.
Some major key players for global graphene market are
The regions covered in this graphene market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Graphene is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Expanding demand for printed electronics, growing focus on R&D activities and requirement of nanotechnology in electronic goods industry are some key factors driving the market growth. However, graphene requires special management due to its inflammable nature regulatory compliance is hampering the market growth. In addition, lack of mass production and high priced equipment are few factors preventive the growth for global graphene market. New product developments and collaborations and agreements are the key strategies adopted by the manufacturers. For Instance, in 2017, Team Group, a Taiwan based manufacturer of memory solutions and accessories, announced a new product to its T-Force gaming product line. The CARDEA ZERO M.2 PCI-E solid-state drive consists of Graphene copper foil cooling on its SSD Unit.
North America is expected to Dominated the Graphene Market
North America is likely to dominate in future, due to the growing usage of graphene in touch screens and the necessity in printed electronics industry. The United States has witnessed a constant increase in the use of graphene over the recent years, due to the major growth of the electronics market. Asia Pacific is likely to observe the fastest growth over the coming years. China is the main contributor and the major source of graphite and other materials used for Graphene extraction to the Graphene market in Asia-Pacific. Latin America and Middle East and Africa are projected to showcase significant growth in forecast period.
North America
Europe
Asia-Pacific
Middle East and Africa
Report Analysis |
Details |
Historical data |
2018 - 2021 |
Forecast Period |
2022 - 2028 |
Market Size in 2021: |
USD 174.33 Million |
Base year considered |
2021 |
Forecast Period CAGR %: |
38.76% |
Market Size Expected in 2028: |
USD 1726.71 Million |
Tables, Charts & Figures: |
175 |
Pages |
200 |
Companies/Key Players |
Advanced Graphene Products, Angstron Materials, Applied Graphene Materials plc, Directa Plus, First Graphene Ltd., G6 Materials, Grafoid Inc., Graphenea, Haydale Graphene Industries, plc, NanoGraphene Inc., NanoXplore Inc., Samsung SDI Co., Ltd., Thomas Swan & Co. Ltd., Versarien plc, XG Sciences, Others |
Segments Covered |
By Form Type, By Application, By End Use Industry |
Regional Analysis |
North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa |
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