Graphene Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Graphene Market
The graphene market size was valued at USD 432.7 billion in 2023, and the market is now projected to grow from USD 570.3 billion in 2024 to USD 5193.2 billion by 2032, exhibiting a CAGR of 31.8% during the forecast period of 2024-2032.
A vast number of industries took a drastic forceful hit during the COVID period. But the graphene market certainly did not take any damage and proliferated with its sales soaring above the skies. Defense against COVID-19 has involved the development and application of graphene-based protective gear, medication delivery systems, biosensors, and therapy systems. These factors affected the graphene market growth.
Applications with Electronics and semiconductors are best suited for it because of its extraordinarily high electrical and thermal conductivity and lightweight design. The graphene market has been anticipated to proliferate more in the coming years due to the another major reason which is this product’s special attribute of withstanding super voltages as it mechanical durability is top-notch Because more industries are embracing electrification, this is probably going to have an impact on growth. These particular growth driving factors have been recorded to attribute the graphene market share.
As an electrolyte-gated material, graphene is an active chemical sensor. The photon flux is calculated by a graphene-based photodetector. Through the conversion of photon energy into electrical current, one can determine the photon flux. Photoelectric sensor market shares many characteristics with the market for transparent conductor indium-tin-oxide (ITO) replacements.
Comprehensive Analysis of Graphene Market
The market is divided into graphene oxide (GO), graphene nanoplatelets (GNP), and other categories based on the product. The market is divided into several end-use industries, including electronics, automotive, aerospace & military, energy, and others.
Asia Pacific is expected to be the leading region of this particular product market and is anticipated to to grow over the forecasted period and also will continue to hold the largest market share. The factors helping this region in expanding the business is the existence of significant manufacturers, increased production in all the industries.
Intense competition exists between market participants and regional and multinational firms that possess vast supply chains, regulatory expertise, and distribution networks. Graphenea (U.S.), ACS Material (U.S.), XG Sciences (U.S.), Global Graphene Group (U.S.), and Haydale Graphene Industries plc (U.K.)
In July 2023, The development of radiator heaters with less power consumption based on graphene ink was launched by Haydale and Cadent.
Segmentation Table
Attribute Details
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 14.6% from 2024 to 2032
Unit Value (USD Billion) and Volume (Units)
Segmentation By Type
Light Quadricycle (L6e)
Heavy Quadricycle (L7e)
By Application Type
Household
Commercial
By Propulsion Type
Internal Combustion Engine
Electric
By End-use
Golf
Leisure
Industrial
Others
By Price Range
Low
Medium
High
By Component
Wheels & Tires
Powertrain/Drivetrain
Body & Chassis
Suspension System
Others
By Geography
North America (By Type, Application Type, Propulsion type, End-use Type)
U.S. (By Type, Application Type, Propulsion type, End-use Type)
Canada (By Type, Application Type, Propulsion type, End-use Type)
Mexico (By Type, Application Type, Propulsion type, End-use Type)
Europe (By Type, Application Type, Propulsion type, End-use Type)
U.K. (By Type, Application Type, Propulsion type, End-use Type)
Germany (By Type, Application Type, Propulsion type, End-use Type)
France (By Type, Application Type, Propulsion type, End-use Type)
Itlay (By Type, Application Type, Propulsion type, End-use Type)
Russia (By Type, Application Type, Propulsion type, End-use Type)
Spain (By Type, Application Type, Propulsion type, End-use Type)
Sweden (By Type, Application Type, Propulsion type, End-use Type)
Belgium (By Type, Application Type, Propulsion type, End-use Type)
Finland (By Type, Application Type, Propulsion type, End-use Type)
Rest of Europe (By Type, Application Type, Propulsion type, End-use Type)
Asia Pacific (By Type, Application Type, Propulsion type, End-use Type)
China (By Type, Application Type, Propulsion type, End-use Type)
Japan (By Type, Application Type, Propulsion type, End-use Type)
India (By Type, Application Type, Propulsion type, End-use Type)
South Korea (By Type, Application Type, Propulsion type, End-use Type)
Rest of the Asia Pacific (By Type, Application Type, Propulsion type, End-use Type)
Rest of the World (By Type, Application Type, Propulsion type, End-use Type)
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