ENG
Graphene Market: Global Industry Analysis and Forecast (2023-2029) by Material Outlook, Application Outlook, and Region.
Graphene Market size was valued at US$ 1.06 Billion in 2022 and the Graphene Market revenue is expected to grow at 11.47% through 2023 to 2029, reaching nearly US$ 2.28 Billion.
Format : PDF | Report ID : SMR_109
Graphene Market Overview:
Graphene is a carbon allotrope made up of a single sheet of atoms organised in a honeycomb lattice nanostructure in two dimensions. The name comes from the words "graphite" and the suffix -ene, which refers to the fact that the graphite allotrope of carbon has a lot of double bonds. A -bond connects each atom in a graphene sheet to its three closest neighbours, and each atom contributes one electron to a conduction band that spans the entire sheet. Carbon nanotubes, polycyclic aromatic hydrocarbons, and (partially) fullerenes and glassy carbon all have this form of bonding.
Graphene is a semimetal with remarkable electronic properties that are best characterised by theories for massless relativistic particles due to these conduction bands. Charge carriers in graphene have a linear, rather than quadratic, energy-to-momentum relationship, and bipolar field-effect transistors can be built with graphene.
Graphene Market Dynamics:
The graphene market is being driven by an increase in R&D efforts:
Graphene has been termed as a "wonder substance" by scientists because of its unique features. A vast number of colleges, research institutes, and businesses are concentrating on graphene materials research and development in order to commercialize graphene and develop cost-effective production techniques. For new uses, continuous research and development is underway to make graphene more efficient and flexible.
Graphene demand is expected to be driven by increased demand from the automotive and transportation end-use industries:
In terms of volume, the automotive and transportation industry is the graphene market's largest application industry. Graphene can be used in a variety of automotive applications, including composite structural components, vehicle batteries, tyres, and anti-braking systems, to name a few. The graphene market is likely to be driven by rising demand from these applications throughout the forecasted period.
The difficulty of mass production is a key market limitation:
The manufacturing method of graphene is cost-intensive and time-consuming; thus, mass production of high-quality, defect-free graphene remains a challenge for all graphene manufacturers. It's tough to maintain quality while scaling up graphene production at the same time. The qualities of graphene, such as electrical conductivity, transparency, thermal conductivity, and impermeability, are harmed when flaws on the graphene monolayer carbon network occur, lowering graphene quality.
The CVD procedure is adopted to produce high-quality monolayer and few-layer graphene, however mass manufacturing with the CVD approach is problematic. These considerations limit the mass production in the graphene market, resulting in greater production costs.
A key difficulty in the graphene sector is the lack of standardization:
The graphene market is still in its early stages of growth, with few laws and standards in place. Several companies are creating various forms of graphene materials, which has resulted in a great deal of industry diversification and confusion. As a result of this issue, there is now fictitious graphene on the market, which is difficult to spot at the product stage. As a result, several incidents of low-quality graphene from vendors have arisen, eroding end-user confidence. Some institutes are working on creating graphene quality testing methods.
For example, researchers from the National University of Singapore (NUS) have developed a method for determining graphene quality on a worldwide scale that is both systematic and dependable. The International Organization for Standardization (ISO) issued ISO/TR 19733:2019 in 2019, which specifies matrix properties and measurement methodologies for graphene and similar 2-D materials. The Graphene Flagship Standardization Committee (GFSC) has announced the launch of a standardization certificate for graphene products used in industry and research.
Graphene Market Key Advancements:
In July 2021, Thomas Swan & Co. Limited sold significant assets linked to a patented graphene processing technique to Mason Graphite Inc. through its subsidiary Black Swan Graphene Inc. The manufacturing efficiency of the company will improve as a result of this factor.
In March 2021, to increase the market for PureGRAPH graphene products in the Americas, First Graphene Ltd teamed with Gerdau S.A. In Brazil, South America, and the United States, Gerdau S.A. will be the only distributor for First Graphene's product line.
Based on Material Outlook:
With a revenue share of more than 42% in 2020, the graphene nanoplatelets material segment dominated the graphene market. The lightweight, mechanical characteristics, and improved thermal and electrical conductivities of graphene nanoplatelets, as well as the low cost and simple manufacturing technique, are projected to boost the segment's growth. Graphene nanoplatelets improve the material's mechanical and tribological capabilities while also boosting its barrier qualities and thermal conductivity.
To improve mechanical behaviour, chemical resistance, and longevity, graphene nanoplatelets are added to polymer matrices. As a result, graphene market growth is expected to be driven by rising demand for graphene nanoplatelets.
Detailed analysis of each segment mentioned in the scope table is covered in the SMR’s report.
Graphene Market Regional Insights:
Thanks to increasing product demand across industries such as automotive, marine, military, and aerospace, Asia Pacific dominated the graphene market and accounted for over 35% of global revenue in 2020. Also, the region's developing industrial sector is expected to drive market growth in the Asia Pacific region. Another important driver of the regional industry is China's growing industrial sector. Rising product demand from this industry would eventually result in a faster market growth rate.
A large number of small and medium-scale manufacturers can be found in the North American region. Because distributors and suppliers are responsible for maintaining a loyal client base for their manufacturers, these manufacturers have a large distribution and supplier network, which plays an important part in the value chain. Companies in Europe are rapidly providing a variety of cost-effective methods to enable large-scale, comprehensive graphene manufacturing. Also, rising government and industry investments are expected to drive demand for graphene-based products, resulting in North America graphene market growth.
The report includes a PORTER, PESTEL analysis as well as the possible influence of microeconomic market determinants. External and internal elements that are expected to have a favorable or negative impact on the firm have been examined, providing decision-makers with a clear future vision of the industry. The research also aids in comprehending the Graphene market dynamics and structure by studying market segments and forecasting market size. The research is an investor's guide since it depicts the competitive analysis of major competitors in the Graphene market by product, price, financial situation, product portfolio, growth plans, and geographical presence.
Major breakthroughs in the Graphene industry are discussed, as well as organic and inorganic growth plans. Various companies are focusing on organic growth strategies such as new product releases, product approvals, and other items such as patents and events. Inorganic growth strategies used in the industry included acquisitions, partnerships, and collaborations.
Graphene Market Scope:
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Graphene Market Scope |
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Market Size in 2022 |
USD 1.06 Bn. |
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Market Size in 2029 |
USD 2.28 Bn. |
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CAGR (2023-2029) |
11.47 % |
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Historic Data |
2017-2021 |
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Base Year |
2022 |
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Forecast Period |
2023-2029 |
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Segment Scope |
By Technology
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By Application
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Regional Scope |
North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America |
Graphene Market Players
• 2D Carbon Graphene Materials Co. Ltd.
• ACS Material
• Applied Graphene Materials
• China Carbon Graphite Inc.
• Elcora Advanced Materials
• Global Graphene Group
• Grafoid Inc.
• Graphenano
• G6 Materials
• Graphenea SA
• Haydale Graphene Industries
• Morsh
• NanoXplore Inc.
• Thomas Swan & Co. Ltd.
• Vorbeck Materials
• Xolve Inc.
• Others
Frequently Asked Questions
China region have the highest growth rate in the Graphene Market.
2D Carbon Graphene Materials Co. Ltd., ACS Material, Applied Graphene Materials, China Carbon Graphite Inc., Elcora Advanced Materials, Global Graphene Group, Grafoid Inc., Graphenano, G6 Materials, Graphenea SA, Haydale Graphene Industries, Morsh, NanoXplore Inc., Thomas Swan & Co. Ltd., Vorbeck Materials, Xolve Inc., and Others are the top players in the Graphene market.
The Asia Pacific region held almost 35% of the overall market share.
Chapter 1 Scope of the Report
Chapter 2 Research Methodology
2.1. Research Process
2.2. Global Graphene Market: Target Audience
2.3. Global Graphene Market: Primary Research (As per Client Requirement)
2.4. Global Graphene Market: Secondary Research
Chapter 3 Executive Summary
Chapter 4 Competitive Landscape
4.1. Market Share Analysis, By Value, 2022-2029
4.1.1. Market Share Analysis, By Region, By Value, 2022-2029 (In %)
4.1.1.1. North America Market Share Analysis, By Value, 2022-2029 (In %)
4.1.1.2. Europe Market Share Analysis, By Value, 2022-2029 (In %)
4.1.1.3. Asia Pacific Market Share Analysis, By Value, 2022-2029 (In %)
4.1.1.4. South America Market Share Analysis, By Value, 2022-2029 (In %)
4.1.1.5. Middle East and Africa Market Share Analysis, By Value, 2022-2029 (In %)
4.1.2. Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.2.1. North America Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.2.1.1. USA Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.2.1.2. Canada Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.2.1.3. Mexico Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.2.2. Europe Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.2.2.1. UK Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.2.2.2. France Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.2.2.3. Germany Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.2.2.4. Italy Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.2.2.5. Spain Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.2.2.6. Sweden Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.2.2.7. Austria Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.2.2.8. Rest of Europe Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.2.3. Asia Pacific Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.2.3.1. China Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.2.3.2. India Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.2.3.3. Japan Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.2.3.4. South Korea Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.2.3.5. Australia Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.2.3.6. ASEAN Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.2.3.7. Rest of APAC Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.2.4. South America Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.2.4.1. Brazil Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.2.4.2. Argentina Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.2.4.3. Rest of South America Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.2.5. Middle East and Africa Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.2.5.1. South Africa Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.2.5.2. GCC Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.2.5.3. Egypt Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.2.5.4. Nigeria Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.2.5.5. Rest of Middle East and Africa Market Share Analysis, By Technology, By Value, 2022-2029 (In %)
4.1.3. Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.1.4. North America Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.1.4.1.1. USA Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.1.4.1.2. Canada Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.1.4.1.3. Mexico Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.1.4.2. Europe Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.1.4.2.1. UK Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.1.4.2.2. France Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.1.4.2.3. Germany Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.1.4.2.4. Italy Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.1.4.2.5. Spain Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.1.4.2.6. Sweden Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.1.4.2.7. Austria Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.1.4.2.8. Rest of Europe Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.1.4.3. Asia Pacific Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.1.4.3.1. China Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.1.4.3.2. India Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.1.4.3.3. Japan Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.1.4.3.4. South Korea Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.1.4.3.5. Australia Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.1.4.3.6. ASEAN Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.1.4.3.7. Rest of APAC Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.1.4.4. South America Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.1.4.4.1. Brazil Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.1.4.4.2. Argentina Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.1.4.4.3. Rest of South America Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.1.4.5. Middle East and Africa Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.1.4.5.1. South Africa Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.1.4.5.2. GCC Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.1.4.5.3. Egypt Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.1.4.5.4. Nigeria Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.1.4.5.5. Rest of Middle East and Africa Market Share Analysis, By Application, By Value, 2022-2029 (In %)
4.2. Stellar Competition matrix
4.2.1. Global Stellar Competition Matrix
4.2.2. North America Stellar Competition Matrix
4.2.3. Europe Stellar Competition Matrix
4.2.4. Asia Pacific Stellar Competition Matrix
4.2.5. South America Stellar Competition Matrix
4.2.6. Middle East and Africa Stellar Competition Matrix
4.3. Key Players Benchmarking
4.3.1. Key Players Benchmarking by Technology, Pricing, Market Share, Investments, Expansion Plans, Physical Presence and Presence in the Market.
4.4. Mergers and Acquisitions in Industry
4.4.1. M&A by Region, Value and Strategic Intent
4.5. Market Dynamics
4.5.1. Market Drivers
4.5.2. Market Restraints
4.5.3. Market Opportunities
4.5.4. Market Challenges
4.5.5. PESTLE Analysis
4.5.6. PORTERS Five Force Analysis
4.5.7. Value Chain Analysis
Chapter 5 Global Graphene Market Segmentation: By Technology
5.1. Global Graphene Market, By Technology, Overview/Analysis, 2022-2029
5.2. Global Graphene Market, By Technology, By Value, Market Share (%), 2022-2029 (USD Billion)
5.3. Global Graphene Market, By Technology, By Value, -
5.3.1. Graphene Nanoplatelets
5.3.2. Graphene Oxide
5.3.3. Reduced Graphene Oxide
5.3.4. Others
Chapter 6 Global Graphene Market Segmentation: By Application
6.1. Global Graphene Market, By Application, Overview/Analysis, 2022-2029
6.2. Global Graphene Market Size, By Application, By Value, Market Share (%), 2022-2029 (USD Billion)
6.3. Global Graphene Market, By Application, By Value, -
6.3.1. Electronics
6.3.2. Composites
6.3.3. Energy
6.3.4. Others
Chapter 7 Global Graphene Market Segmentation: By Region
7.1. Global Graphene Market, By Region – North America
7.1.1. North America Graphene Market Size, By Technology, By Value, 2022-2029 (USD Billion)
7.1.2. North America Graphene Market Size, By Application, By Value, 2022-2029 (USD Billion)
7.1.3. By Country – U.S.
7.1.3.1. U.S. Graphene Market Size, By Technology, By Value, 2022-2029 (USD Billion)
7.1.3.2. U.S. Graphene Market Size, By Application, By Value, 2022-2029 (USD Billion)
7.1.3.3. Canada Graphene Market Size, By Value, 2022-2029 (USD Billion)
7.1.3.4. Mexico Graphene Market Size, By Value, 2022-2029 (USD Billion)
7.2. Europe Graphene Market Size, By Value, 2022-2029 (USD Billion)
7.2.1. UK
7.2.2. France
7.2.3. Germany
7.2.4. Italy
7.2.5. Spain
7.2.6. Sweden
7.2.7. Austria
7.2.8. Rest of Europe
7.3. Asia Pacific Graphene Market Size, By Value, 2022-2029 (USD Billion)
7.3.1. China
7.3.2. India
7.3.3. Japan
7.3.4. South Korea
7.3.5. Australia
7.3.6. ASEAN
7.3.7. Rest of APAC
7.4. Middle East and Africa Graphene Market Size, By Value, 2022-2029 (USD Billion)
7.4.1. South Africa
7.4.2. GCC
7.4.3. Egypt
7.4.4. Nigeria
7.4.5. Rest of Middle East and Africa
7.5. South America Graphene Market Size, By Value, 2022-2029 (USD Billion)
7.5.1. Brazil
7.5.2. Argentina
7.5.3. Rest of South America
Chapter 8 Company Profiles
8.1. Key Players
8.1.1. BASF SE (Germany)
8.1.1.1. Company Overview
8.1.1.2. Technology Portfolio
8.1.1.3. Financial Overview
8.1.1.4. Business Strategy
8.1.1.5. Key Developments
8.1.2. 2D Carbon Graphene Materials Co. Ltd. (China)
8.1.3. ACS Material (United States)
8.1.4. Applied Graphene Materials (United Kingdom)
8.1.5. China Carbon Graphite Inc. (China)
8.1.6. Elcora Advanced Materials (Canada)
8.1.7. Global Graphene Group (United States)
8.1.8. Grafoid Inc. (Canada)
8.1.9. Graphenano (Spain)
8.1.10.G6 Materials (United States)
8.1.11. Graphenea SA (Spain)
8.1.12. Haydale Graphene Industries (United Kingdom)
8.1.13. NanoXplore Inc. (Canada)
8.1.14. Thomas Swan & Co. Ltd. (United Kingdom)
8.1.15. Vorbeck Materials (United States)
8.1.16. Xolve Inc. (Philippines)
8.1.17. Others
8.2. Key Findings
8.3. Recommendations
