Graphene Market: Dynamics, Sales Value and Volume, Trade, Production, Competitive Landscape | Regional Analysis 2024-2030

  • The Graphene Market size was valued at USD 216.42 Million in 2023 and the total Global Graphene revenue is expected to grow at a CAGR of 32.8% from 2024 to 2030, reaching nearly USD 1576.46 Million by 2030.

  • Format : PDF | Report ID : SMR_109

Graphene Market Overview:

 

The global graphene market is poised for significant growth driven by increasing applications in key sectors such as electronics, composites, batteries, etc. Graphene's exceptional properties, including high strength, conductivity, and flexibility, make it a sought-after material in industries aiming for lighter, stronger, and more efficient products. Increasing integration of graphene in the aerospace industry for lightweight and impact-resistant materials, as well as rising demand in printed electronics are expected to be the major factors driving the graphene industry growth. Ongoing advancements, particularly in graphene nanodevices for DNA sequencing and photodetectors, present lucrative opportunities for graphene market revenue size growth.

 

The Asia-Pacific region leads the global graphene market share and is expected to dominate throughout the forecast period, driven by rapid industrialization, substantial patent activity related to graphene applications, and robust demand from countries like China, Japan, and India. North America, East Asia, and Europe lead in graphene intellectual property generation, underscoring global efforts in research and development. While niche players currently dominate production and innovation, major corporations are beginning to invest in graphene applications, indicating a shift towards broader industrial adoption. China and India are expected to be the leading markets for graphene manufacturers as they are major producers and consumers of electronics. Additionally, favorable government initiatives like 'Make in India' and policies promoting domestic manufacturing and exports, thereby supporting regional market growth.

 

In Europe, particularly in Spain, the Graphene market is robust and growing, supported by top researchers and significant investments. The Spanish node of the EU's Flagship Project is highly active, with companies like Graphenea leading production efforts. Collaborations with major enterprises such as Philips, Varta, Nokia, and Airbus underscore the market's industrial integration and innovation. The upcoming construction of a large graphene-producing plant in Yecla, Murcia, highlights Spain's strategic push to bolster its production capabilities. This initiative reflects Europe's commitment to advancing graphene technologies, fostering a competitive landscape poised for substantial growth and technological advancement in various sectors.

 

Graphene Market

 

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Graphene Market Dynamics:

 

High Graphene Penetration Rate In The Electronics Industry To Drive Graphene Market

 

The adoption rate of graphene in the electronics industry has rapidly increased in recent years, thanks to its exceptionally high electrical & thermal conductivity and its lightweight nature. These versatile properties make it ideal for various electronic applications, surpassing traditional materials like silicon in performance and efficiency. As a result, the increased demand for graphene from the electronics industry driving the global graphene market growth. Graphene enables faster and more energy-efficient devices, reducing power consumption while enhancing speed and functionality in electronics such as smartphones, tablets, and OLEDs. Moreover, graphene's mechanical resilience allows it to withstand higher voltages, catering to the increasing electrification trends across industries.

 

In battery technology, graphene offers significant advancements as an anode material, extending battery life and capacity, crucial for applications in electric vehicles and renewable energy storage systems. Its potential in touchscreen technology is also substantial, potentially replacing indium tin oxide with a more durable and conductive alternative, thereby meeting the rising demand for responsive and robust touch interfaces.

 

Graphene's applications extend to integrated circuits, where it has demonstrated twice the speed of traditional silicon transistors and shows promise in creating faster and more efficient computing devices. Flexible memory devices using graphene oxide further exemplify its versatility, paving the way for bendable electronics and wearable technologies with enhanced performance and durability.

 

In solar power generation, graphene's ability to generate multiple electrons per photon of light revolutionizes photovoltaic efficiency, making solar panels more efficient, lightweight, and cost-effective. This potential extends the application of solar energy to diverse settings, from consumer electronics to building-integrated photovoltaics.

 

According to the MMR analysis, Graphene's future in the electronics industry promises transformative advancements due to its unparalleled conductivity, durability, flexibility, and transparency. It is poised to revolutionize devices, enabling high-speed data transmission, flexible screens, and superior energy storage solutions. Graphene's emergence underscores ongoing research and development efforts to harness its capabilities effectively. Manufacturers are exploring innovative production methods to scale up graphene production quickly and cost-effectively, crucial for widespread adoption across various electronic applications. This dual approach—leveraging graphene's unique properties while maintaining silicon's role—shapes the graphene market's trajectory towards growth, driven by increasing demand for more efficient and advanced electronic devices during the forecast period.

 

Rising Adoption In Healthcare Industry

 

As the demand for healthcare services continues to increase, it demands novel healthcare solutions. These solutions should be more effective, cost less, prevent and cure disease, and should be equally effective throughout the world. Graphene is paving the way for novel diagnosis and treatments, thanks to its unique properties, such as high surface area, electron mobility, and functionalization potential which are all favorable for biomedical technologies. For instance, the surface area of graphene makes an excellent platform for drug delivery and the conductivity makes for effective biosensors. The ability of graphene to be made into scaffolds whilst maintaining the inherent conductivity can be put to use in tissue engineering. New research has shown that graphene can be incorporated with a polymer to make very sensitive electromechanical sensors and that it can be used to make improved deep brain implants. Hence, the increasing adoption rate of graphene in biomedical applications driving the graphene market growth during the forecast period.

 

Moreover, graphene shows promise in implants and prosthetics, where its biocompatibility and electrical properties improve neural interfaces for better signal transmission between prosthetic devices and the nervous system, and in dental implants by reducing bacterial adhesion and improving durability. Diagnostic tools also benefit from graphene's conductivity and sensitivity, enabling the development of precise biosensors for detecting biomarkers and pathogens, potentially transforming point-of-care diagnostics. Despite challenges like ensuring long-term biocompatibility and scaling production methods, ongoing research and development efforts are addressing these hurdles to advance graphene's clinical applications. As demand grows for innovative healthcare solutions, graphene's versatility positions it as a pivotal technology in shaping the future of medical devices, diagnostics, and therapies, driving substantial growth in the graphene market within the healthcare sector all across the world.

 

Graphene industry2

 

Analysis of Factors Influencing Graphene Cost

The cost of graphene remains a significant barrier despite its vast potential across industries like electronics, aerospace, and biomedicine. Currently, graphene is priced between $100 to $400 per gram all across the world. Graphene's cost is intricately tied to its production methods and quality. Methods such as chemical vapor deposition (CVD) and novel chemical processes significantly impact production costs, with higher quality variants like CVD graphene commanding higher prices due to their suitability for advanced applications. Technological advancements and scaling up production are critical to reducing costs and expanding commercial viability. Innovations like plasma-based production methods and environmentally friendly chemical modifications show promise in driving down costs while enhancing quality and scalability. As demand from sectors like automotive, aerospace, and electronics grows, achieving cost-effective mass production becomes increasingly feasible.

 

Graphene Market Segment Analysis:

 

Based on the product type, Graphene Nanoplatelets and Graphene Oxide are the leading segments, among the others holding the largest market share of 32.48% and 26.84% respectively in the global graphene market in 2023. Thanks to its exceptional mechanical strength, high electrical conductivity, and lightweight nature, Graphene Nanoplatelets (GNP) are in high demand across various end-user industries. These properties make them ideal for enhancing the performance of composite materials, coatings, and energy storage devices. Their ability to improve material strength without adding significant weight appeals to industries such as aerospace, automotive, and electronics. In composites, GNPs enhance mechanical, electrical, and thermal characteristics, crucial for lightweight solutions in the automotive, aerospace, and construction sectors, enhancing fuel efficiency and durability.

 

In energy applications, GNPs improve electrode and battery performance, meeting the rising need for durable, high-capacity power systems in hybrid vehicles and consumer electronics. Moreover, GNPs excel in inks and coatings, offering superior electrical and thermal conductivity for applications like printed electronics, RFID tags, and heat management solutions. The diverse and demanding applications highlight GNPs as a pivotal material driving innovation and efficiency in modern industrial and consumer technologies all across the world. Additionally, nanoplatelets are relatively easier to integrate into existing manufacturing processes, contributing to their widespread adoption and high market demand. In addition, their cost-effectiveness and versatility make them preferred additives over traditional materials, fueling research and applications across diverse sectors globally.

 

Besides that, thanks to its versatile properties and wide-ranging applications across multiple industries, Graphene Oxide has also seen a substantial demand in recent years, supporting the graphene market revenue size. As an oxidized form of graphene, GO offers a large surface area and can be used effectively as an electrode material in capacitors, batteries, and solar cells, enhancing their performance. It also serves as a key additive in composite materials, improving elasticity, conductivity, and tensile strength when combined with polymers and other materials. GO's unique structure, consisting of flakes that form stable thin layers, enables applications in ion conductors, hydrogen storage, and nanofiltration membranes. Moreover, its fluorescent properties make it valuable in bio-sensing, disease detection, antibacterial materials, and drug delivery systems. These factors contribute to the rising demand for GO across electronics, biomedical, and industrial sectors globally.

 

Graphene Market Regional Analysis:

 

Asia Pacific dominated the global graphene market with the highest market share of 43.68% in 2023 and is expected to grow at the fastest CAGR of 35.49% during the forecast period. High production of graphene in terms of volume, strong presence of graphene manufacturers, and significant graphene consumption rate are some of the major factors supporting the Asia Pacific graphene market share.  In addition, augmented research and development activities, favorable government initiatives, growing demand for advanced materials, and a surge in technological innovations are further expected to drive regional market growth. Asia-Pacific is a global manufacturing sector hub. Graphene finds extensive use in the electronic and automotive industry thanks to its excellent electrical and thermal conductivity properties. As a result, growing production volumes in various sectors including automobile, marine, defense, and aerospace are expected to increase the demand for graphene, thereby supporting the graphene market growth in Asia Pacific.

 

Top 10 Graphene Producing Countries (Annual Production in Metric Tons)

Rank

Country

Annual Production (MT)

Key Insights

1

China

6,30,000

China is the world's largest graphene producer, accounting for 70% of global production.

2

Brazil

95,000

Brazil's production increased by 5,000 MT since 2017, making it the second largest producer.

3

Canada

40,000

Consistent production, with potential growth due to Tesla's interest in Canadian graphite for Li-ion batteries.

4

India

35,000

India's production has remained steady at 35,000 MT since 2017, ranking fourth globally.

5

Mozambique

20,000

Significant growth from 300 MT to 20,000 MT, home to major miners Syrah Resources and Triton Minerals.

6

Ukraine

20,000

Consistent production since 2018, with Zavalyevskiy Graphite as the largest producer.

7

Russia

17,000

Steady production with plans to increase output through projects Dalgrafit and Uralgraphite.

8

Norway

16,000

Slight increase of 500 MT since 2017, with low-flake graphite stocks.

9

Pakistan

14,000

Consistent production since 2018, though graphene remains rare in the country.

10

Japan

7,000

Despite dominance in graphite, Japan's production has been impacted by environmental regulations.

 

China is expected to grow at a CAGR of 31.20% and hold its position as the leading country in the graphene market by 2030. This is due to favorable government support to promote investments in the manufacturing sector and ongoing research and development activities in the country. For example, On January 5, 2024, Chinese and U.S. scientists developed the first functional semiconductor made from graphene, marking a significant advancement in semiconductor technology. Researchers from Tianjin University and Georgia Institute of Technology overcame graphene’s lack of a natural bandgap, enabling its use in electronics. Their innovative method, involving quasi-equilibrium annealing, created a specialized layer on graphene to facilitate electron movement, surpassing silicon's capabilities. This breakthrough, published in Nature, highlights graphene's potential for reduced power consumption and enhanced processing speeds. This development positions China at the forefront of graphene-based chip technology, promising a future shift in the semiconductor industry and potentially boosting China's graphene market through increased research, innovation, and investment opportunities.

 

India is further expected to be a lucrative country for graphene manufacturers during the forecast period. On January 18, 2024, India's first graphene center, the India Innovation Centre for Graphene (IICG), was established at Maker Village Kochi by MeitY, the Union Government, the Government of Kerala, and Tata Steel Ltd. It aims to promote research, product innovation, and capacity building in graphene and 2D materials. Additionally, a Centre of Excellence in Intelligent Internet of Things (IIoT) Sensors was launched at the same location. Digital University Kerala and the Centre for Materials for Electronics Technology, Thrissur, are technical partners. These initiatives are expected to boost India's graphene market by fostering innovation, enhancing research capabilities, and creating a supportive ecosystem for startups, ultimately positioning India as a key player in the global graphene industry.

 

Graphene Market Scope:

Graphene Market Scope

Market Size in 2023

USD 216.42 Million

Market Size in 2030

USD 1576.46 Million

CAGR (2024-2030)

32.8 %

Historic Data

2018-2022

Base Year

2023

Forecast Period

2024-2030

Segments Covered

By Product Type

Graphene Nanoplatelets

Graphene Oxide

Reduced Graphene Oxide

Monolayer Graphene

Bulk Graphene

Others

By End-User Industry

Electronics and Telecommunication

Bio-medical and Healthcare

Aerospace and Defense

Paints and Coatings

Automotive

Others

Regional Scope

North America- United States, Canada, and Mexico

Europe – UK, France, Germany, Italy, Spain, Sweden, Russia, and Rest of Europe

Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC

Middle East and Africa - South Africa, GCC, Rest of the Middle East and Africa

South America – Brazil, Argentina, Rest of South America

 

Key Players in the Graphene Market

 

  1. NanoXplore Inc.
  2. Graphenea SA
  3. Avanzare Innovacion Tecnologica S.L.
  4. Global Graphene Group
  5. Directa Plus S.p.A.
  6. Changzhou Sixth Element Materials Technology Co., Ltd.
  7. Ningbo Morsh Technology Co., Ltd.
  8. Applied Graphene Materials
  9. 2D Carbon Graphene Material Co., Ltd.
  10. Thomas Swan & Co. Ltd.
  11. Graphene Laboratories, Inc.
  12. Graphensic AB
  13. GRAPHENE SQUARE INC
  14. AMO GmbH
  15. Talga Group
  16. ACS Material
  17. BGT Materials Limited, Ltd.
  18. CVD Equipment Corporation
  19. Grafoid Inc
  20. HAYDALE GRAPHENE INDUSTRIES PLC
  21. Zentek Ltd.
  22. First Grahene
  23. G6 Materials
  24. Versarien
  25. ZEN Graphene Solutions
  26. Archer Materials


Frequently Asked Questions

Technological advancements, increasing demand for electronics, energy storage applications, sustainability benefits, favorable government initiatives, and substantial investments in research and development are some of the major factors driving the global graphene market growth.

1. Graphene Market: Research Methodology

2. Graphene Market Introduction
2.1. Study Assumption and Market Definition
2.2. Scope of the Study

3. Global Graphene Market: Executive Summary
3.1. Summary
3.2. Segment Size and Share Overview
3.3. Geography Size and Share Overview 

4. Global Graphene Market: Competitive Landscape
4.1. SMR Competition Matrix
4.2. Competitive Landscape
4.3. Key Players Benchmarking
4.3.1. Company Name
4.3.2. Headquarter
4.3.3. Product Segment
4.3.4. End-Users  Segment
4.3.5. Revenue (2023)
4.3.6. Total Production Capacity - 2023
4.3.7. Company Manufacturing Locations

4.4. Market Structure
4.4.1. Market Leaders
4.4.2. Market Followers
4.4.3. Emerging Players

4.5. Mergers and Acquisitions Details

5. Graphene Market: Dynamics
5.1. Graphene Market Trends 
5.2. Graphene Market Dynamics 
5.2.1. Graphene Market Drivers
5.2.2. Graphene Market Restraints
5.2.3. Graphene Market Opportunities
5.2.4. Graphene Market Challenges

5.3. PORTER’s Five Forces Analysis
5.4. PESTLE Analysis
5.5. Value Chain Analysis
5.5.1. Raw Material Trends
5.5.2. Manufacturing Process
5.5.3. Sales Channel Analysis

5.6. Regulatory Landscape by Region
5.6.1. North America
5.6.2. Europe
5.6.3. Asia Pacific
5.6.4. Middle East and Africa
5.6.5. South America

5.7. Key Opinion Leader Analysis for the Graphene Industry

6. Graphene Market: Quantitative Analysis
6.1. Global Graphene Production By Region
6.2. Global Import-Export/ Trade Analysis – By Value and Volume (2022-2023)
6.3. Price Trend Analysis

7. Graphene Market: Global Market Size and Forecast by Segmentation (by Value in USD Million and Volume Units) (2023-2030)
7.1. Graphene Market Size and Forecast, By Product Type (2023-2030)
7.1.1. Graphene Nanoplatelets
7.1.2. Graphene Oxide
7.1.3. Reduced Graphene Oxide
7.1.4. Monolayer Graphene
7.1.5. Bulk Graphene
7.1.6. Others

7.2. Graphene Market Size and Forecast, By End-User Industry  (2023-2030)
7.2.1. Electronics and Telecommunication
7.2.2. Bio-medical and Healthcare
7.2.3. Aerospace and Defense
7.2.4. Paints and Coatings
7.2.5. Automotive
7.2.6. Others

7.3. Graphene Market Size and Forecast, by Region (2023-2030)
7.3.1. North America
7.3.2. Europe
7.3.3. Asia Pacific
7.3.4. Middle East and Africa
7.3.5. South America

8. North America Graphene Market Size and Forecast by Segmentation (by Value in USD Million and Volume Units) (2023-2030)
8.1. North America Graphene Market Size and Forecast, By Product Type (2023-2030)
8.1.1. Graphene Nanoplatelets
8.1.2. Graphene Oxide
8.1.3. Reduced Graphene Oxide
8.1.4. Monolayer Graphene
8.1.5. Bulk Graphene
8.1.6. Others

8.2. North America Graphene Market Size and Forecast, By End-User Industry (2023-2030)
8.2.1. Electronics and Telecommunication
8.2.2. Bio-medical and Healthcare
8.2.3. Aerospace and Defense
8.2.4. Paints and Coatings
8.2.5. Automotive
8.2.6. Others

8.3. North America Graphene Market Size and Forecast, by Country (2023-2030)
8.3.1. United States
8.3.2. Canada 
8.3.3. Mexico

9. Europe Graphene Market Size and Forecast by Segmentation (by Value in USD Million and Volume Units) (2023-2030)
9.1. Europe Graphene Market Size and Forecast, By Product Type (2023-2030)
9.2. Europe Graphene Market Size and Forecast, By End-User Industry (2023-2030)
9.3. Europe Graphene Market Size and Forecast, by Country (2023-2030)
9.3.1. United Kingdom
9.3.2. France
9.3.3. Germany
9.3.4. Italy
9.3.5. Spain
9.3.6. Sweden
9.3.7. Russia
9.3.8. Rest of Europe

10. Asia Pacific Graphene Market Size and Forecast by Segmentation (by Value in USD Million and Volume Units) (2023-2030)
10.1. Asia Pacific Graphene Market Size and Forecast, By Product Type (2023-2030)
10.2. Asia Pacific Graphene Market Size and Forecast, By End-User Industry (2023-2030)
10.3. Asia Pacific Graphene Market Size and Forecast, by Country (2023-2030)
10.3.1. China
10.3.2. S Korea
10.3.3. Japan
10.3.4. India
10.3.5. Australia
10.3.6. ASEAN
10.3.7. Rest of Asia Pacific

11. Middle East and Africa Graphene Market Size and Forecast by Segmentation (by Value in USD Million and Volume Units) (2023-2030)
11.1. Middle East and Africa Graphene Market Size and Forecast, By Product Type (2023-2030)
11.2. Middle East and Africa Graphene Market Size and Forecast, By End-User Industry (2023-2030)
11.3. Middle East and Africa Graphene Market Size and Forecast, by Country (2023-2030)
11.3.1. South Africa
11.3.2. GCC
11.3.3. Rest of ME&A

12. South America Graphene Market Size and Forecast by Segmentation (by Value in USD Million and Volume Units) (2023-2030)
12.1. South America Graphene Market Size and Forecast, By Product Type (2023-2030)
12.2. South America Graphene Market Size and Forecast, By Distribution Channel (2023-2030)
12.3. South America Graphene Market Size and Forecast, by Country (2023-2030)
12.3.1. Brazil
12.3.2. Argentina
12.3.3. Rest Of South America

13. Company Profile: Key Players
13.1. NanoXplore Inc. 
13.1.1. Company Overview
13.1.2. Business Portfolio
13.1.3. Financial Overview
13.1.4. SWOT Analysis
13.1.5. Strategic Analysis
13.1.6. Recent Developments

13.2. Graphenea SA 
13.3. Avanzare Innovacion Tecnologica S.L. 
13.4. Global Graphene Group 
13.5. Directa Plus S.p.A. 
13.6. Changzhou Sixth Element Materials Technology Co., Ltd.
13.7. Ningbo Morsh Technology Co., Ltd.
13.8. Applied Graphene Materials
13.9. 2D Carbon Graphene Material Co., Ltd.
13.10. Thomas Swan & Co. Ltd.
13.11. Graphene Laboratories, Inc.
13.12. Graphensic AB
13.13. GRAPHENE SQUARE INC
13.14. AMO GmbH
13.15. Talga Group
13.16. ACS Material
13.17. BGT Materials Limited, Ltd.
13.18. CVD Equipment Corporation
13.19. Grafoid Inc
13.20. HAYDALE GRAPHENE INDUSTRIES PLC
13.21. Zentek Ltd.
13.22. First Grahene
13.23. G6 Materials
13.24. Versarien
13.25. ZEN Graphene Solutions
13.26. Archer Materials

14. Key Findings

15. Analyst Recommendations

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