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Graphene Market Size, Share Global Analysis Report, 2022 – 2028
Graphene Market By Type (Bulk Graphene, Monolayer Graphene), By Application (Composites, Paints, Coatings & Inks, Energy Storage & Harvesting, Electronics, Catalyst, Tires, Others), By End-use Industry (Automotive & Transportation, Aerospace, Electronics, Military & Defense, Others), and By Region - Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast 2022 – 2028
Industry Insights
[205+ Pages Report] According to Facts and Factors, the global graphene market was valued at USD 572.90 Million in 2021 and is predicted to increase at a CAGR of 16.25% to USD 1371.9 Million by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.
Market Overview
Graphene is a carbon allotrope with a single atom thickness that is organized in a honeycomb-shaped lattice. In addition, rising product penetration in various applications including energy storage, semiconductors, and sensors, as well as rising purchasing power, are likely to boost graphene market growth. The major driver responsible for the growth of the market is the high demand for consumer electronics such as tablets and mobile phones. Additionally, research and development (R&D) activities to improve the thermal and electrical conductivity properties, along with the immense consumption of graphene for manufacturing lightweight sports equipment, are projected to drive the market over the upcoming years.
Most main competitors are situated in developed regions, and market participants' primary strategic initiatives are regional partnerships and distribution agreements. Rapid industrialization and the rising global need for lightweight, flexible, and renewable materials are major drivers driving the market's growth. Furthermore, Nanotechnology's incorporation into the electronics industry is also helping to drive market growth. However, in the projected years, the complexity of mass production and the lack of a band gap are likely to be major restrictions on graphene market expansion during the forecast period.
Impact of COVID - 19
With a variety of small and large competitors in the market, the global graphene market is competitive. This lethal virus has wreaked havoc around the globe, particularly in Europe and North America. Companies throughout the world have shut down their businesses and production facilities to prevent the virus from spreading further. Furthermore, during the covid-19 outbreak, the electronics industry was severely impacted and faced significant delays because of global lockdown restrictions and disruptions.
The electronics industry suffered a significant drop because of the logistics bottleneck and suspended production. The unavailability of the workforce and raw materials created delays in manufacturing. Furthermore, due to a disrupted supply chain and distribution channel challenges, several electronic firms briefly halted manufacturing in Covid-19. The global Graphene market is segregated based on end-users, application, type, and region.
Segmentation Analysis
The global Graphene market is segregated based on end-users, application, type, and region.
In terms of Applications, in 2021, the electronic category holds a significant share in the market during the forecast period. Expanding use in electrical gadgets, electric vehicles, semiconductors, and other applications has resulted in significant growth potential for the graphene industry. This end-user category presents the graphene market with various prospects to expand as electronic companies invest in reaping the potential benefits of graphene in the years ahead. In addition, the invention of graphene-powered EMI shielding protects against EMI/RFI leaks and inhibits internal RFI/EMI leakage.
In Terms of End Users, the Aerospace and Defense sector holds the largest share in the market due to its wide range of applications in aircraft, helicopters, spaceships, and others. Graphene provides excellent benefits such as high strength, low-density, low electrical conductivity, and others in the aircraft body, thereby boosting the growth opportunities. In airplanes, graphene has several advantages, including high strength, low density, and low electrical conductivity. In the aircraft body, graphene offers exceptional features such as high strength, low density, low electrical conductivity, and others, enhancing growth prospects.
In the aircraft industry, graphene provides strength, flexibility, and durability. In addition, the use of graphene in the production of drones is generating significant market development. In airplanes or drones, graphene or fullerene material coatings make them light and strong for transporting payloads. As a result, it expands the graphene market by offering a variety of applications and chances for growth.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 572.90 Million |
Projected Market Size in 2028 |
USD 1371.9 Million |
CAGR Growth Rate |
16.25% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Angstrom Materials Inc., ACS Material LLC, BGT Materials Ltd., CVD Equipment Corp., Direct Plus Spa, Graford Inc., Graphene Nanohm, Nano Xplore Inc., G6 Materials Corp., Thomas Swan & Co. Ltd., 2D Carbon Graphene Material Co. Ltd., Hay dale Graphene Industries plc, Applied Graphene Materials (AGM), and Others |
Key Segment |
By Type, Application, End-use Industry, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Regional Landscape
In 2021, the Asia-Pacific region is expected to dominate the graphene market. The driving factors of the Asia-Pacific market include the presence of large graphite mines in China, ongoing research on graphene in India, China, Japan, Korea, & Taiwan, and the huge scope of electronics applications in this region. Advanced technology and R&D, with increasing demand from the consumer end, are the major factors responsible for the growth of the market during the forecast period.
Moreover, the global graphene market is competitive with the presence of various small and large players in the market. Multinational companies are dominating the global graphene market. Also, the dominance of China and India in graphite production is another major factor driving the growth of the graphene market in the region.
List of Key Players in the Global Graphene Market:
- Angstrom Materials, Inc.
- ACS Material, LLC
- BGT Materials Ltd.
- CVD Equipment Corp.
- Direct Plus Spa
- Graford Inc.
- Graphene Nanohm
- Nano Xplore, Inc.
- G6 Materials Corp.
- Thomas Swan & Co. Ltd.
- 2D Carbon Graphene Material Co., Ltd.
- Hay dale Graphene Industries plc
- Applied Graphene Materials (AGM)
The global graphene market is segmented as follows;
By Type Segment Analysis
- Bulk Graphene
- Monolayer Graphene
By Application Segment Analysis
- Composites
- Paints, Coatings, and Inks
- Energy Storage & Harvesting
- Electronics
- Catalyst
- Tires
- Others
By End-use Industry Segment Analysis
- Automotive & Transportation
- Aerospace
- Electronics
- Military & Défense
- Others
By Regional Segment Analysis
- North America
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Content
Industry Major Market Players
- Angstrom Materials, Inc.
- ACS Material, LLC
- BGT Materials Ltd.
- CVD Equipment Corp.
- Direct Plus Spa
- Graford Inc.
- Graphene Nanohm
- Nano Xplore, Inc.
- G6 Materials Corp.
- Thomas Swan & Co. Ltd.
- 2D Carbon Graphene Material Co., Ltd.
- Hay dale Graphene Industries plc
- Applied Graphene Materials (AGM)
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