Graphene Market

Graphene Market Size:

The global graphene market size reached USD 290 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 7,820 Million by 2033, exhibiting a growth rate (CAGR) of 39.01% during 2025-2033. Improvements in various biomedical applications, advancements in the production of semiconductors for enhanced performance, and increasing demand for lighter and more durable construction materials are some of the key factors that are impelling the graphene market growth.

Graphene Market Analysis:

• Major Market Drivers: Advancements in graphene production techniques and rising investments in research and development (R&D) activities are some of the key factors offering a positive graphene market outlook report. In line with this, the increasing utilization of graphene in several sectors on account of its high conductivity and flexibility, is positively influencing the graphene market price.
• Key Market Trends: There is a rise in the adoption of wearable devices among individuals. The burgeoning construction sector is stimulating the market growth.
• Geographical Trends: Asia Pacific accounts for the majority of the market share due to the presence of key producers. Conversely, North America maintains a strong presence in the market, driven by robust research activities.
• Competitive Landscape: Some of the key market players in the graphene industry are ACS Material, LLC, Global Graphene Group, Inc., CVD Equipment Corporation, Grafoid Inc., G6 Materials Corp. (Graphene 3D Lab Inc.), Graphene NanoChem PLC, Graphenea Inc., Haydale Graphene Industries Plc, Vorbeck Materials Corp., XG Sciences Inc., among many others.
• Challenges and Opportunities: High production costs and scalability issues represent challenges in the market. Nonetheless, the development of graphene-based applications in sectors like healthcare, water purification, and renewable energy are offering opportunities in the market.
   

Graphene Market Trends:

Growing advancements in the production of semiconductors

Advancements in the production of semiconductors are offering a positive graphene market outlook. Graphene exhibits enhanced electrical conductivity and heat dissipation properties that help in increasing the performance of semiconductors. Apart from this, manufacturers in the graphene market are focusing on producing electronic devices faster and more energy efficient. They are also exploring various methods to incorporate graphene into transistors and other semiconductor components. The semiconductor industry sales totaled US$ 46.2 billion worldwide during February 2024, as reported by the Semiconductor Industry Association (SIA).

Rising improvements in biomedical applications

The integration of graphene into biosensing technologies is expanding the graphene market scope. Graphene-based materials are used for wound dressings and healing applications as they exhibit antimicrobial properties and can help fasten the wound healing process by maintaining a sterile environment. In line with this, advancements in biomedical applications are strengthening the graphene market demand in the medical sector. Furthermore, researchers and healthcare professionals are focusing on employing graphene-based biosensors to identify pathogens and health-related indicators. For instance, researchers at IIT Guwahati made crucial discoveries regarding the use of modified graphene oxide for biomedical applications. They introduced cost-effective experiments for modifying graphene oxide on 8 November 2023.

Increasing demand for lighter and durable construction materials

There is a rise in the application of graphene due to the burgeoning construction industry. It is utilized in building components, such as concrete, composites, and coatings, to strengthen infrastructure projects and prolong their lifespan. It benefits in improving the longevity and performance of building materials. Furthermore, construction projects are becoming more complex, thereby necessitating innovative solutions. According to the Invest India, the construction sector in India is anticipated to achieve US$ 1.4 Trillion by 2025.

Graphene Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with graphene market forecast at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on type, application, and end-use industry.

Breakup by Type:

• Mono-layer & Bi-layer Graphene
• Few Layer Graphene (FLG)
• Graphene Oxide (GO)
• Graphene Nano Platelets (GNP)
• Others
   

Graphene nano platelets (GNP) account for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the on the type. This includes mono-layer & bi-layer graphene, few layer graphene (FLG), graphene oxide (GO), graphene nano platelets (GNP), and others. According to the graphene market report, graphene nano platelets (GNP) represented the largest segment.

Graphene nano platelets (GNPs) are another type of nanomaterial that consist of stranded graphene sheets. These materials have a remarkable level of electrical conductivity, high thermal conductivity, mechanical strength, and flexibility. GNPS are utilized as conductive filler materials in a range of industries to manufacture products with enhanced electrical conductivity and mechanical qualities. They are incorporated into composite materials, like polymer composites and coatings, to improve mechanical strength, thermal conductivity, and electromagnetic shielding properties. Apart from this, many industry players are introducing products that are based on GNPs to reach a wider consumer base. On 5 May 2023, Gerdau Graphene declared the commercial availability of two new cutting-edge additives, such as NanoDUR and NanoLAV, for the paint and coatings industry. These additives are being developed with GNPs to offer superior performance improvements for water-based paints and coatings.

Breakup by Application:

• Batteries
• Supercapacitors
• Transparent Electrodes
• Integrated Circuits
• Others
   

Batteries hold the largest share of the industry

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes batteries, supercapacitors, transparent electrodes, integrated circuits, and others. According to the graphene market report pdf, batteries accounted for the largest market share.

Graphene is used as an anode material in lithium-ion batteries. Its high electrical conductivity and large surface area enhance the capacity and charge-discharge efficiency of batteries. Graphene oxide and reduced graphene oxide are adopted as components of battery separators. These materials assist in enhancing the thermal and mechanical stability of the separator while maintaining good ionic conductivity. This also improves the safety and overall performance of the battery. Besides this, the rising utilization of batteries in vehicles is catalyzing the demand for graphene. As per the Association of European Automobile Manufacturers (ACEA), approximately 85.4 million motor vehicles were produced worldwide in 2022.

Breakup by End-Use Industry:

• Electronics and Telecommunication
• Bio-medical and Healthcare
• Energy
• Aerospace and Defense
• Others
   

 Electronics and telecommunication represent the leading market segment 

The report has provided a detailed breakup and analysis of the market based on the end-use industry. This includes electronics and telecommunication, bio-medical and healthcare, energy, aerospace and defense, and others. According to the report, electronics and telecommunication accounted for the largest market share.

The electronics and telecommunication sector uses graphene for making flexible and bendable electronic components, including wearable electronics, displays, and flexible sensors. Graphene-based sensors are sensitive to a variety of signals, such as temperature, pressure, and gas molecules. In addition, graphene antennas enhance the performance of wireless communication devices. They can also function over a wide array of frequencies and offer improved radiation efficiency. Furthermore, there is a rise in the adoption of wearable electronics owing to changing lifestyles of individuals. The global wearable electronics market is projected to grow to US$ 624.7 Billion by 2032, as claimed by the IMARC Group.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Asia Pacific leads the market, accounting for the largest graphene market share

The graphene market analysis report has also provided a comprehensive research of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.

Asia Pacific held the biggest market share due to the increasing focus on developing efficient semiconductor materials. Besides this, the rising demand for more efficient and longer-lasting energy storage solutions is contributing to the growth of the market. Apart from this, the increasing healthcare expenditure, along with the development of drug delivery, tissue engineering, and diagnostic devices, is supporting the growth of the market. For instance, the public expenditure on healthcare reached 2.2% of (GDP) in the financial year 2022, against 1.6% in 2021 in India, as reported by the India Brand Equity Foundation (IBEF).

Competitive Landscape:

• The graphene market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the graphene industry include ACS Material, LLC, Global Graphene Group, Inc., CVD Equipment Corporation, Grafoid Inc., G6 Materials Corp. (Graphene 3D Lab Inc.), Graphene NanoChem PLC, Graphenea Inc., Haydale Graphene Industries Plc, Vorbeck Materials Corp., XG Sciences Inc.
  
  (Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
   
• Key market players are heavily investing to expand the range of applications for graphene, which includes developing new manufacturing techniques, improving the quality of graphene products, and discovering novel uses for graphene in various industries. They are also diversifying their product portfolios to include a wider range of graphene-based materials and products. Major companies are working on scaling up their production processes through the development of large-scale production facilities and the optimization of manufacturing techniques. They are also forming strategic partnerships and collaborations with other organizations, including universities, research institutions, and other industry players to develop innovative graphene-based products. Haydale Graphene Industries announced its collaboration with Cadent Ltd to manufacture graphene ink-based low-power radiator heaters on 24 July 2023.

Graphene Market News:

• 24 January 2024: Black Swan Graphene Inc. introduced the establishment of a distribution and sales agreement with Thomas Swan & Co. Ltd. This agreement leverages the existing strategic partnership and ranks Thomas Swan as a value-added non-exclusive distributor and reseller of Black Swan's innovative graphene enhanced masterbatch (GEM) products in the polymer additive market.
• 22 August 2023: Haydale Graphene Industries Plc collaborated with PETRONAS to functionalize graphene for various product applications and accelerate the commercialization of graphene-based formulations in numerous industries.
• 19 August 2021: Applied Graphene Materials (AGM) launched a new range of eco-friendly graphene nanoplatelet dispersions that will enable paints, coatings and composite materials to improve the sustainability of their product formulations.

Graphene Market Report Scope:

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the graphene market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global graphene market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the graphene industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.