Global Graphene Market (by Material, Application, & Region): Insights and Forecast with Potential Impact of COVID-19 (2022-2027)

Global Graphene Market (by Material, Application, & Region): Insights and Forecast with Potential Impact of COVID-19 (2022-2027)


Market Insight:

Graphene is the thinnest and strongest substance on the planet, with exceptional thermal and electrical conductivity. Graphene is a two-dimensional substance made up of a single sheet of carbon atoms in a honeycomb lattice arrangement.

Graphene is classified into three types: 1) pure graphene (monolayer), which is a single atom thick, 40 times stronger than diamond, and 200 times stronger than steel; 2) bi-layer graphene, which has qualities similar to pure graphene; and 3) few-layer graphene. Because of graphene's outstanding heat conductivity, electrical conductivity, mechanical strength, and huge surface area, its uses are commonly regarded to be limitless. These qualities have the ability to change the properties of other materials, such as composites, concrete, elastomers, and plastics. The global graphene market is expected to be worth US$198.39 million in 2023, progressing at a CAGR of 25.56% over the forecasted period.

Segment Covered:
  • By Material: On the basis of material, the report provides the bifurcation of the graphene market into four segments: Graphene Oxide, Reduced Graphene Oxide, Graphene Nanoplatelets, and Others. Reduced graphene oxide segment is expected to be the fastest growing segment in the forecasted period. The product is widely used when a big amount is needed for commercial uses like energy storage. The use of reduced graphene oxide is expanding in fields like research, batteries, biomedicine, supercapacitors, and printable graphene electronics. The product is also utilized in field effect transistors (FETs), which are chemical and biological sensors. Consequently, it is anticipated that the product's availability in a variety of applications would foster the growth during the anticipated period.
  • By Application: In terms of application, the report identifies four segments of the global graphene market: Composites, Electronics, Energy and Others. Graphene composites dominated the market, owing to their diverse applications in aerospace, automotive, coatings, metals, and plastics. By combining the potential of graphene with already-existing products, composite materials are created. In order to improve the quality and performance of sporting equipment for cycling, skiing, and other sports, graphene-based composites are used. Furthermore, due to its qualities like UV resistance, lightweight, and flexibility, the product's demand is growing in the composites application segment.
Geographic Coverage:

According to this report, the global graphene market is divided into four regions: North America, Asia Pacific, Europe, and ROW. The countries covered in North America region are the US, Canada, and Mexico, while Europe includes Germany, The UK, France, Italy, Spain and Rest of the Europe. Moreover, China, Japan, India, Australia, South Korea, and Rest of the Asia Pacific are included in the Asia Pacific region.

North America accounted for the maximum share of the global market. The production of graphene in North America is growing, as the material is increasingly being used in a variety of industries and applications. North America is home to several companies that are involved in the production of graphene and graphene-based products, including those in the US and Canada. The production of graphene in North America is driven by factors such as the increasing demand for materials with unique properties, the growing awareness of the environmental benefits of using graphene, and advances in manufacturing techniques.

The Asia Pacific market is expected to expand significantly during the forecast period. Favorable government policies, funding, and research will all contribute to the growth of the local market during this time. Additionally, the region's market is anticipated to be driven by the presence of large manufacturers and consumers as well as the increase in production across a number of sectors, including the automotive, defense, marine, and aerospace industries.

Top Impacting Factors:

Growth Drivers
  • Growing Electronics Industry
  • Surging Demand From Construction Activities
  • Use of Graphene in Sports Equipment and Clothes
  • Growing Applications of Graphene in Medical Sector
Challenges
  • Lack of standardization
  • Limited Availability of High-quality Graphene
Trends
  • Increasing Demand for Electric Vehicles
  • Growing Graphene Applications in the Aerospace Industry
  • New Production Methods and Increasing Number of Filed Patents
  • Increasing Role of Graphene in the Decarbonisation
  • Driver: Surging Demand From Construction Activities
Graphene is a material that has many potential applications in the construction sector. One potential way that graphene could be used to enhance concrete and reduce the amount of steel rebar and cement required is by adding graphene to the concrete mix. Graphene is an extremely strong and durable material, and adding it to concrete could potentially improve the strength and durability of the concrete. This could allow for the use of less steel rebar in construction projects, as the reinforced concrete would be able to withstand greater stresses and loads without the need for additional reinforcement. Additionally, the use of graphene could also potentially reduce the amount of cement required in the concrete mix, as the graphene would help to improve the overall strength and durability of the concrete. This could lead to cost savings for construction projects, as well as reduced emissions of CO2 from the production of cement.
  • Challenge: Limited Availability of High-quality Graphene
There is currently a dearth of high-quality graphene with consistent and reliable properties. Despite recent improvements in graphene production techniques, it is still difficult to produce high-quality graphene, and many graphene samples have varying quality and performance. This limited availability of high-quality graphene is a major challenge for the growth of the graphene market, as it makes it difficult for manufacturers to obtain a consistent and reliable supply of graphene for use in their products. In addition, the lack of consistency in the quality of graphene can make it difficult for researchers to conduct experiments and obtain reproducible results, which can hinder the advancement of graphene research and development.
  • Trend: Increasing Demand for Electric Vehicles
The incorporation of graphene into composite load-bearing structures to increase strength and toughness while reducing weight is the primary potential application in the automotive industry. Graphene is extremely beneficial in extending the life of lithium-ion batteries while also reducing the overall weight of the battery assembly. As a result, the demand for graphene in the production of electric vehicles is increasing, which is expected to boost market demand in the near future. The addition of a touchscreen display and other "smart" features increases the motivation for developing a graphene dashboard. Most touchscreens today are made of indium tin oxide, which is both expensive and rigid. Graphene is a much less expensive and more versatile option. Touchscreens in vehicles are subjected to a variety of stresses, including traumatic stress in the event of an accident. As a result, it is critical to consider a touchscreen display's overall physical durability. Furthermore, the growing popularity of graphene due to its superior properties is propelling the Graphene market over the forecast period.

The COVID-19 Analysis:

The COVID-19 pandemic has had a profound impact on the graphene market. The pandemic has caused many businesses to shut down or reduce their operations, which has led to a decrease in demand for many products, including those made with graphene. Additionally, the supply chain disruptions caused by the pandemic have made it more difficult for manufacturers to obtain the raw materials and other inputs needed to produce graphene-based products.

Despite the short-term challenges posed by the pandemic, the post COVID outlook for the graphene market looks positive. The increasing demand for high-tech products and the growing need for sustainable and renewable energy solutions are expected to drive the growth of the graphene market in the coming years. Governments around the world are also investing in research and development of graphene-based technologies, which is expected to further support the growth of the market.

Analysis of Key Players:

Global graphene market is moderately concentrated, with many companies and research institutions working on developing graphene-based technologies and products. Graphene was regarded as a newly discovered substance between 2010 and 2015. Numerous graphene-focused businesses have been established as a result of its seemingly limitless applications. The industry is now at a phase where commercialization and scalable production are key. Globally, there are more than 300 graphene producers. The players are likely to compete on factors such as the quality and price of their graphene products, as well as their ability to innovate and bring new graphene-based products to market. The key players in the global graphene market are:
  • Haydale Graphene Industries Plc.
  • Directa Plus SpA
  • Applied Graphene Materials
  • NanoXplore Inc
  • Global Graphene Group
  • Thomas Swan & Co. Ltd.
  • G6 Materials Corp
  • ACS Material, LLC
  • Grolltex, Inc.
  • BGT Materials
  • Graphenea Inc.
Due to the concentration of key players in developed regions, regional partnerships and distribution agreements have become major strategic initiatives for a number of key players. For instance, Graphene Manufacturing Group Ltd and Amec Foster Wheeler PLC signed a non-binding Letter of Intent in March 2022 to collaborate on GMG's major graphene manufacturing expansion projects.


1. Executive Summary
2. Introduction
2.1 Graphene: An Overview
2.1.1 Properties of Graphene
Table 1: Properties of Graphene
2.1.2 Existing Graphene Production Methods
Table 2: Existing Graphene Production Methods
2.2 Graphene Segmentation: An Overview
2.2.1 Graphene Segmentation
Table 3: Graphene Segmentation
3. Global Market Analysis
3.1 Global Graphene Market: An Analysis
3.1.1 Global Graphene Market: An Overview
3.1.2 Global Graphene Market by Value
Table 4: Global Graphene Market by Value; 2017-2021 (US$ Million)
Table 5: Global Graphene Market by Value; 2022-2027 (US$ Million)
3.1.3 Global Graphene Market by Material (Graphene Oxide, Reduced Graphene Oxide, Graphene Nanoplatelets, and Others)
Table 6: Global Graphene Market by Material; 2021 (Percentage, %)
3.1.4 Global Graphene Market by Application (Composites, Electronics, Energy and Others)
Table 7: Global Graphene Market by Application; 2021 (Percentage, %)
3.1.5 Global Graphene Market by Region (North America, Asia Pacific, Europe, and rest of the World (ROW))
Table 8: Global Graphene Market by Region; 2021 (Percentage, %)
3.2 Global Graphene Market: Material Analysis
3.2.1 Global Graphene Market by Material: An Overview
3.2.2 Global Graphene Oxide Market by Value
Table 9: Global Graphene Oxide Market by Value; 2017-2021 (US$ Million)
Table 10: Global Graphene Oxide Market by Value; 2022-2027 (US$ Million)
3.2.3 Global Reduced Graphene Oxide Market by Value
Table 11: Global Reduced Graphene Oxide Market by Value; 2017-2021 (US$ Million)
Table 12: Global Reduced Graphene Oxide Market by Value; 2022-2027 (US$ Million)
3.2.4 Global Graphene Nanoplatelets Market by Value
Table 13: Global Graphene Nanoplatelets Market by Value; 2017-2021 (US$ Million)
Table 14: Global Graphene Nanoplatelets Market by Value; 2022-2027 (US$ Million)
3.2.5 Global Other Graphene Materials Market by Value
Table 15: Global Other Graphene Materials Market by Value; 2017-2021 (US$ Million)
Table 16: Global Other Graphene Materials Market by Value; 2022-2027 (US$ Million)
3.3 Global Graphene Market: Application Analysis
3.3.1 Global Graphene Market by Application: An Overview
3.3.2 Global Graphene Composites Market by Value
Table 17: Global Graphene Composites Market by Value; 2017-2021 (US$ Million)
Table 18: Global Graphene Composites Market by Value; 2022-2027 (US$ Million)
3.3.3 Global Graphene Electronics Market by Value
Table 19: Global Graphene Electronics Market by Value; 2017-2021 (US$ Million)
Table 20: Global Graphene Electronics Market by Value; 2022-2027 (US$ Million)
3.3.4 Global Graphene Energy Market by Value
Table 21: Global Graphene Energy Market by Value; 2017-2021 (US$ Million)
Table 22: Global Graphene Energy Market by Value; 2022-2027 (US$ Million)
3.3.5 Global Other Graphene Applications Market by Value
Table 23: Global Other Graphene Applications Market by Value; 2017-2021 (US$ Million)
Table 24: Global Other Graphene Applications Market by Value; 2022-2027 (US$ Million)
4. Regional Market Analysis
4.1 North America Graphene Market: An Analysis
4.1.1 North America Graphene Market: An Overview
4.1.2 North America Graphene Market by Value
Table 25: North America Graphene Market by Value; 2017-2021 (US$ Million)
Table 26: North America Graphene Market by Value; 2022-2027 (US$ Million)
4.1.3 North America Graphene Market by Region (The US, Canada, and Mexico)
Table 27: North America Graphene Market by Region; 2021 (Percentage, %)
4.1.4 The US Graphene Market by Value
Table 28: The US Graphene Market by Value; 2017-2021 (US$ Million)
Table 29: The US Graphene Market by Value; 2022-2027 (US$ Million)
4.1.5 The US Graphene Market by Material (Graphene Oxide, Reduced Graphene Oxide, Graphene Nanoplatelets, and Other Materials)
Table 30: The US Graphene Market by Material; 2021 (Percentage, %)
4.1.6 The US Graphene Oxide Graphene Market by Value
Table 31: The US Graphene Oxide Graphene Market by Value; 2017-2021 (US$ Million)
Table 32: The US Graphene Oxide Graphene Market by Value; 2022-2027 (US$ Million)
4.1.7 The US Graphene Nanoplatelets Market by Value
Table 33: The US Graphene Nanoplatelets Market by Value; 2017-2021 (US$ Million)
Table 34: The US Graphene Nanoplatelets Market by Value; 2022-2027 (US$ Million)
4.1.8 The US Reduced Graphene Oxide Market by Value
Table 35: The US Reduced Graphene Oxide Market by Value; 2017-2021 (US$ Million)
Table 36: The US Reduced Graphene Oxide Market by Value; 2022-2027 (US$ Million)
4.1.9 The US Other Graphene Materials Market by Value
Table 37: The US Other Graphene Materials Market by Value; 2017-2021 (US$ Million)
Table 38: The US Other Graphene Materials Market by Value; 2022-2027 (US$ Million)
4.1.10 Canada Graphene Market by Value
Table 39: Canada Graphene Market by Value; 2017-2021 (US$ Million)
Table 40: Canada Graphene Market by Value; 2022-2027 (US$ Million)
4.1.11 Mexico Graphene Market by Value
Table 41: Mexico Graphene Market by Value; 2017-2021 (US$ Million)
Table 42: Mexico Graphene Market by Value; 2022-2027 (US$ Million)
4.2 Asia Pacific Graphene Market: An Analysis
4.2.1 Asia Pacific Graphene Market: An Overview
4.2.2 Asia Pacific Graphene Market by Value
Table 43: Asia Pacific Graphene Market by Value; 2017-2021 (US$ Million)
Table 44: Asia Pacific Graphene Market by Value; 2022-2027 (US$ Million)
4.2.3 Asia Pacific Graphene Market by Region (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific)
Table 45: Asia Pacific Graphene Market by Region; 2021 (Percentage, %)
4.2.4 China Graphene Market by Value
Table 46: China Graphene Market by Value; 2017-2021 (US$ Million)
Table 47: China Graphene Market by Value; 2017-2021 (US$ Million)
4.2.5 Japan Graphene Market by Value
Table 48: Japan Graphene Market by Value; 2017-2021 (US$ Million)
Table 49: Japan Graphene Market by Value; 2022-2027 (US$ Million)
4.2.6 India Graphene Market by Value
Table 50: India Graphene Market by Value; 2017-2021 (US$ Million)
Table 51: India Graphene Market by Value; 2022-2027 (US$ Million)
4.2.7 Australia Graphene Market by Value
Table 52: Australia Graphene Market by Value; 2017-2021 (US$ Million)
Table 53: Australia Graphene Market by Value; 2022-2027 (US$ Million)
4.2.8 South Korea Graphene Market by Value
Table 54: South Korea Graphene Market by Value; 2017-2021 (US$ Million)
Table 55: South Korea Graphene Market by Value; 2022-2027 (US$ Million)
4.2.9 Rest of Asia Pacific Graphene Market by Value
Table 56: Rest of Asia Pacific Graphene Market by Value; 2017-2021 (US$ Million)
Table 57: Rest of Asia Pacific Graphene Market by Value; 2022-2027 (US$ Million)
4.3 Europe Graphene Market: An Analysis
4.3.1 Europe Graphene Market: An Overview
4.3.2 Europe Graphene Market by Value
Table 58: Europe Graphene Market by Value; 2017-2021 (US$ Million)
Table 59: Europe Graphene Market by Value; 2022-2027 (US$ Million)
4.3.3 Europe Graphene Market by Region (Germany, The UK, France, Italy, Spain and Rest of the Europe)
Table 60: Europe Graphene Market by Region; 2021 (Percentage, %)
4.3.4 Germany Graphene Market by Value
Table 61: Germany Graphene Market by Value; 2017-2021 (US$ Million)
Table 62: Germany Graphene Market by Value; 2022-2027 (US$ Million)
4.3.5 The UK Graphene Market by Value
Table 63: The UK Graphene Market by Value; 2017-2021 (US$ Million)
Table 64: The UK Graphene Market by Value; 2022-2027 (US$ Million)
4.3.6 France Graphene Market by Value
Table 65: France Graphene Market by Value; 2017-2021 (US$ Million)
Table 66: France Graphene Market by Value; 2022-2027 (US$ Million)
4.3.7 Italy Graphene Market by Value
Table 67: Italy Graphene Market by Value; 2017-2021 (US$ Million)
Table 68: Italy Graphene Market by Value; 2022-2027 (US$ Million)
4.3.8 Spain Graphene Market by Value
Table 69: Spain Graphene Market by Value; 2017-2021 (US$ Million)
Table 70: Spain Graphene Market by Value; 2022-2027 (US$ Million)
4.3.9 Rest of Europe Graphene Market by Value
Table 71: Rest of Europe Graphene Market by Value; 2017-2021 (US$ Million)
Table 72: Rest of Europe Graphene Market by Value; 2022-2027 (US$ Million)
4.4 Rest of World Graphene Market: An Analysis
4.4.1 Rest of World Graphene Market: An Overview
4.4.2 Rest of World Graphene Market by Value
Table 73: Rest of World Graphene Market by Value; 2017-2021 (US$ Million)
Table 74: Rest of World Graphene Market by Value; 2022-2027 (US$ Million)
5. Impact of COVID-19
5.1 Impact of COVID-19
5.1.1 Impact of COVID-19 on Graphene Industry
5.1.2 Post-COVID Scenario
6. Market Dynamics
6.1 Growth Drivers
6.1.1 Growing Electronics Industry
Table 75: Global Electronics Industry Growth Rate; 2020-2022 (Perentage, %)
6.1.2 Surging Demand from Construction Activities
Table 76: Global Construction Market Size; 2021-2030 (US$ Trillion)
6.1.3 Increasing Use in Painting and Coating
6.1.4 Use of Graphene in Sports Equipment and Clothes
6.1.5 Increasing Use of Graphene Membranes
6.1.6 Growing Applications of Graphene in Medical Sector
6.1.7 Supportive Government Initiatives and Policies
6.2 Challenges
6.2.1 Lack of standardization
6.2.2 Limited Availability of High-quality Graphene
6.2.3 Lack of Infrastructure and Expertise
6.3 Market Trends
6.3.1 Increasing Demand for Electric Vehicles
Table 77: Global Share of Electric Vehicles; 2017-2021 (Percentage, %)
6.3.2 Growing Graphene Applications in the Aerospace Industry
Table 78: Global Number of Aircraft Fleet; 2020-2032 (Thousands)
6.3.3 New Production Methods and Increasing Number of Filed Patents
6.3.4 Increasing Role of Graphene in the Decarbonisation
7. Competitive Landscape
7.1 Global Graphene Market Players: A Financial Comparison
Table 79: Global Graphene Market Players: A Financial Comparison; 2021/2022
7.2 Global Graphene Market Players: End Market & Functionalization Process
Table 80: Global Graphene Market Players: End Market & Functionalization Process
8. Company Profiles
8.1 Applied Graphene Materials PLC
8.1.1 Business Overview
8.1.2 Operating Regions
Table 81: Applied Graphene Materials PLC Revenue by Regions; 2021 (Percentage, %)
8.1.3 Business Strategy
8.2 Directa Plus PLC
8.2.1 Business Overview
8.2.2 Operating Segments
Table 82: Directa Plus PLC Revenue by Segments; 2021 (Percentage, %)
8.2.3 Business Strategy
8.3 Haydale Graphene Industries PLC
8.3.1 Business Overview
8.3.2 Revenue by Types
Table 83: Haydale Graphene Industries PLC Revenue by Types; 2022 (Percentage, %)
8.3.3 Business Strategy
8.4 NanoXplore Inc.
8.4.1 Business Overview
8.4.2 Operating Regions
Table 84: NanoXplore Inc. Revenues From Region; 2022 (Percentage, %)
8.4.3 Business Strategy
8.5 G6 Materials Corp.
8.5.1 Business Overview
8.5.2 Business Strategy
8.6 Global Graphene Group
8.6.1 Business Overview
8.6.2 Business Strategy
8.7 Thomas Swan & Co. Ltd
8.7.1 Business Overview
8.8 ACS Material LLC
8.8.1 Business Overview
8.9 Graphenea Inc.
8.9.1 Business Overview
8.10 GrollTex LLC
8.10.1 Business Overview
8.11 BGT Materials Ltd.
8.11.1 Business Overview

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings