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Graphene Oxide Market: Global Industry Analysis and Forecast (2024-2030)
Graphene Oxide Market size was valued at USD 2.01 Bn. in 2023 and the Graphene Oxide revenue is expected to grow at a CAGR of 32% from 2024 to 2030, reaching nearly USD 14.22 Bn. by 2030.
Format : PDF | Report ID : SMR_1909
Graphene Oxide Market Overview:
Graphene oxide (GO) is the oxidized form of graphene. It is a single-atomic-layered material that is formed by the oxidation of graphite which is cheap and readily available. Graphene oxide is easy to process since it is dispersible in water and other solvents. Reduced graphene oxide is used in electronic devices, energy storage devices, (bio)sensors, biomedical applications, supercapacitors, membranes, catalysts, and water purification. As an electronic device, rGO is used in field-effect transistors (FETs) as chemical sensors and biosensors
The report focuses on the Graphene Oxide market size, segment, competitor landscape, recent status, and development trends. Additionally, the report highlights market developments, market drivers, and restraints that exert a significant impact on the global market. By examining critical factors like cost structure, sales price, gross margin, and net profit margin, market participants gain a better understanding of the market. The report contains both qualitative and quantitative studies on the Graphene Oxide Market, as well as an in-depth analysis of the strategies employed by top competitors. The research also recognizes and examines major business tactics employed by leading market participants like M&A, partnerships, teamwork, and deals.
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Graphene Oxide Market Dynamics:
Driving Forces behind the Growth of the Graphene Oxide Market
Increasing demand for Graphene Oxide (GO) Sales products and services, fuelled by factors such as population growth, urbanization, and changing consumer preferences, are driving the market. The continuous advancements in technology and materials used in the manufacturing process of Graphene Oxide have significantly boosted the Graphene Oxide Market. A rapidly increasing list of graphene production techniques has been developed to enable graphene's use in commercial applications. Additionally, customization has become increasingly popular among motorcycle enthusiasts, driving the market through the forecast period.
Challenges and Opportunities in Integrating Graphene Oxide (GO) Sales Solutions
Significant infrastructure investments, including grid upgrades and storage facilities, are needed to support the integration of Graphene Oxide (GO) Sales solutions into existing energy systems. Surrounding government policies and regulations, such as changes in subsidies or tax incentives, create instability for investors and hamper market growth.
In addition, Disruptions in the supply chain, such as shortages of critical materials or components, affect the availability and cost of Graphene Oxide (GO) Sales solutions, impacting market growth.
Graphene Oxide Market Segment Analysis:
By End Use, the Automotive segment held the largest share of the Graphene Oxide Market in 2023. Graphene has very varied characteristics and offers diverse applications for the automotive sector. Graphene’s high conductivity and visual transparency make it a valuable material that is used in several types of user interfaces, which typically consist of liquid-crystal displays (LCDs) and touchscreens. These kinds of interfaces have been increasingly showing up in the dashboards of new vehicles.
A touchscreen interface is fast becoming just as important to drivers and passengers as driving performance, comfort, and safety features. Currently, the main applications of the process are focused on the manufacture of materials for construction, transport, and consumables, for example, vehicle construction, thermal insulation, cable ducts, covers and grids for water treatment plants, beam profiles, building facades, windows, bridges, stairs, among others.
Graphene Oxide Market Regional Insight:
North America is the dominant region for the Graphene Oxide Market. The market for graphene in the North American region has been growing in use in high composites, which are widely employed in the aerospace, automotive, and defense industries to produce lightweight automobiles and aircraft components, respectively, without sacrificing safety. The United States, which is the most technologically advanced and industrially developed country in the region, accounts for more than half of the North American market.
Asia Pacific is expected to grow rapidly through the forecast period for the Graphene Oxide Market. China is the main contributor and the major source of graphite and other materials used for Graphene extraction to the Graphene market in Asia-Pacific. China has one of the largest production bases for electronics. It offers tough competition to the existing upstream producers, such as South Korea, Singapore, and Taiwan. Electronic products such as smartphones, OLED TVs, and tablets have the highest growth rates in the consumer electronics segment of the market in terms of demand. In China, retail sales of household appliances and consumer electronics in China amounted to almost CNY 61 billion (USD 8.52 billion) in April 2023.
Graphene Oxide Market Competitive Landscape:
- In February 2024, Panasonic Energy Co., Ltd., a Panasonic Group Company, announced it had signed a binding off-take agreement with the leading battery materials and technology company NOVONIX Limited ("NOVONIX"; Queensland, Australia) for the supply of synthetic graphite, the main component of the anodes of lithium-ion batteries used in electric vehicles (EVs).
- In March 2023, Universal Matter UK Limited, a wholly-owned subsidiary of Universal Matter Inc., announced the acquisition of Applied Graphene Materials UK Limited and Applied Graphene Materials LLC, the principal operating subsidiaries of Applied Graphene Materials PLC. Through the acquisition, the company has strengthened its market presence.
- In February 2023, Global Graphene Group announced that Honeycomb Battery Company, an advanced battery technology subsidiary of Global Graphene Group, Inc., signed a business combination agreement with Nubia Brand International Corp. to develop battery materials. Honeycomb Battery Company is expected to use graphene produced by the Global Graphene Group.
Graphene Oxide Market Scope:
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Graphene Oxide Market |
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Market Size in 2023 |
USD 2.01 Bn. |
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Market Size in 2030 |
USD 14.22 Bn. |
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CAGR (2024-2030) |
32% |
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Historic Data |
2018-2022 |
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Base Year |
2023 |
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Forecast Period |
2024-2030 |
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Segments |
By Product Graphene Nanoplatelets Graphene Oxide Reduced Graphene Oxide Monolayer Graphene Bulk Graphene Others |
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By Application Paints & Coatings Electronic Components Composites Batteries Solar Panels Others |
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By End-Use Automotive Medical Aerospace Defence Concrete Industry Tires Others |
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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, Egypt, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America |
Graphene Oxide Market Key Players:
- Graphenea
- Thomas Swan & Co. Ltd.
- Haydale Graphene Industries plc
- Angstron Materials
- ACS Material LLC
- Abalonyx AS
- Versarien plc
- Directa Plus
- Graphene Laboratories Inc.
- Applied Graphene Materials plc
- Ningbo Morsh Technology Co., Ltd.
- Graphene NanoChem
- Advanced Graphene Products
- G6 Materials
- 2D Carbon Graphene Material Co., Ltd.
- BGT Materials Limited, Ltd.
- CVD Equipment Corporation
- Zentek Ltd.
- Reade Advanced Materials
- Goodfellow
- Nanotech Energy
- Graphene Production
- Cheap Tubes
- Other
Frequently Asked Questions
Disruptions in the supply chain, such as shortages of critical materials or components, affect the availability and cost of Graphene Oxide (GO) Sales solutions, impacting market growth.
The Market size was valued at USD 2.01 Billion in 2023 and the total Market revenue is expected to grow at a CAGR of 32% from 2024 to 2030, reaching nearly USD 14.22 Billion.
The segments covered in the market report are by Product, Applications and End- Use.
1. Graphene Oxide Market: Research Methodology
2. Graphene Oxide Market: Executive Summary
3. Graphene Oxide Market: Competitive Landscape
3.1. Stellar Competition Matrix
3.2. Competitive Landscape
3.3. Key Players Benchmarking
3.4. Market Structure
3.4.1. Market Leaders
3.4.2. Market Followers
3.4.3. Emerging Players
3.5. Consolidation of the Market
4. Graphene Oxide Market Import Export Landscape
4.1. Import Trends
4.2. Export Trends
4.3. Regulatory Compliance
4.4. Major Export Destinations
4.5. Import-Export Disparities
5. Graphene Oxide Market: Dynamics
5.1. Market Trends by Region
5.1.1. North America
5.1.2. Europe
5.1.3. Asia Pacific
5.1.4. Middle East and Africa
5.1.5. South America
5.2. Market Drivers
5.3. Market Restraints
5.4. Market Opportunities
5.5. Market Challenges
5.6. PORTER’s Five Forces Analysis
5.7. PESTLE Analysis
5.8. Strategies for New Entrants to Penetrate the Market
5.9. Regulatory Landscape by Region
5.9.1. North America
5.9.2. Europe
5.9.3. Asia Pacific
5.9.4. Middle East and Africa
5.9.5. South America
6. Graphene Oxide Market Size and Forecast by Segmentations (by Value in USD Million)
6.1. Graphene Oxide Market Size and Forecast, by Product (2023-2030)
6.1.1. Graphene Nanoplatelets
6.1.2. Graphene Oxide
6.1.3. Reduced Graphene Oxide
6.1.4. Monolayer Graphene
6.1.5. Bulk Graphene
6.1.6. Others
6.2. Graphene Oxide Market Size and Forecast, by Application (2023-2030)
6.2.1. Paints & Coatings
6.2.2. Electronic Components
6.2.3. Composites
6.2.4. Batteries
6.2.5. Solar Panels
6.2.6. Others
6.3. Graphene Oxide Market Size and Forecast, by End-Use (2023-2030)
6.3.1. Automotive
6.3.2. Medical
6.3.3. Aerospace
6.3.4. Defence
6.3.5. Concrete Industry
6.3.6. Tires
6.3.7. Others
6.4. Graphene Oxide Market Size and Forecast, by Region (2023-2030)
6.4.1. North America
6.4.2. Europe
6.4.3. Asia Pacific
6.4.4. Middle East and Africa
6.4.5. South America
7. North America Graphene Oxide Market Size and Forecast (by Value in USD Million)
7.1. North America Graphene Oxide Market Size and Forecast, by Product (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. North America Graphene Oxide Market Size and Forecast, by Application (2023-2030)
7.2.1. Paints & Coatings
7.2.2. Electronic Components
7.2.3. Composites
7.2.4. Batteries
7.2.5. Solar Panels
7.2.6. Others
7.3. North America Graphene Oxide Market Size and Forecast, by End- Use (2023-2030)
7.3.1. Automotive
7.3.2. Medical
7.3.3. Aerospace
7.3.4. Defence
7.3.5. Concrete Industry
7.3.6. Tires
7.3.7. Others
7.4. North America Graphene Oxide Market Size and Forecast, by Country (2023-2030)
7.4.1. United States
7.4.2. Canada
7.4.3. Mexico
1. Europe Graphene Oxide Market Size and Forecast (by Value in USD Million)
1.1. Europe Graphene Oxide Market Size and Forecast, by Product (2023-2030)
1.1.1. Graphene Nanoplatelets
1.1.2. Graphene Oxide
1.1.3. Reduced Graphene Oxide
1.1.4. Monolayer Graphene
1.1.5. Bulk Graphene
1.1.6. Others
1.2. Europe Graphene Oxide Market Size and Forecast, by Application (2023-2030)
1.2.1. Paints & Coatings
1.2.2. Electronic Components
1.2.3. Composites
1.2.4. Batteries
1.2.5. Solar Panels
1.2.6. Others
1.3. Europe Graphene Oxide Market Size and Forecast, by End-Use (2023-2030)
1.3.1. Automotive
1.3.2. Medical
1.3.3. Aerospace
1.3.4. Defence
1.3.5. Concrete Industry
1.3.6. Tires
1.3.7. Others
1.4. Europe Graphene Oxide Market Size and Forecast, by Country (2023-2030)
1.4.1. UK
1.4.2. France
1.4.3. Germany
1.4.4. Italy
1.4.5. Spain
1.4.6. Sweden
1.4.7. Russia
1.4.8. Rest of Europe
2. Asia Pacific Graphene Oxide Market Size and Forecast (by Value in USD Million)
2.1. Asia Pacific Graphene Oxide Market Size and Forecast, by Product (2023-2030)
2.1.1. Graphene Nanoplatelets
2.1.2. Graphene Oxide
2.1.3. Reduced Graphene Oxide
2.1.4. Monolayer Graphene
2.1.5. Bulk Graphene
2.1.6. Others
2.2. Asia Pacific Graphene Oxide Market Size and Forecast, by Application (2023-2030)
2.2.1. Paints & Coatings
2.2.2. Electronic Components
2.2.3. Composites
2.2.4. Batteries
2.2.5. Solar Panels
2.2.6. Others
2.3. Asia Pacific Graphene Oxide Market Size and Forecast, by End-Use (2023-2030)
2.3.1. Automotive
2.3.2. Medical
2.3.3. Aerospace
2.3.4. Defence
2.3.5. Concrete Industry
2.3.6. Tires
2.3.7. Others
2.4. Asia Pacific Graphene Oxide Market Size and Forecast, by Country (2023-2030)
2.4.1. China
2.4.2. S Korea
2.4.3. Japan
2.4.4. India
2.4.5. Australia
2.4.6. Indonesia
2.4.7. Malaysia
2.4.8. Vietnam
2.4.9. Taiwan
2.4.10. Bangladesh
2.4.11. Pakistan
2.4.12. Rest of Asia Pacific
3. Middle East and Africa Graphene Oxide Market Size and Forecast (by Value in USD Million)
3.1. Middle East and Africa Graphene Oxide Market Size and Forecast, by Product (2023-2030)
3.1.1. Graphene Nanoplatelets
3.1.2. Graphene Oxide
3.1.3. Reduced Graphene Oxide
3.1.4. Monolayer Graphene
3.1.5. Bulk Graphene
3.1.6. Others
3.2. Middle East and Africa Graphene Oxide Market Size and Forecast, by Application (2023-2030)
3.2.1. Paints & Coatings
3.2.2. Electronic Components
3.2.3. Composites
3.2.4. Batteries
3.2.5. Solar Panels
3.2.6. Others
3.3. Middle East and Africa Graphene Oxide Market Size and Forecast, by End-Use (2023-2030)
3.3.1. Automotive
3.3.2. Medical
3.3.3. Aerospace
3.3.4. Defence
3.3.5. Concrete Industry
3.3.6. Tires
3.3.7. Others
3.4. Middle East and Africa Graphene Oxide Market Size and Forecast, by Country (2023-2030)
3.4.1. South Africa
3.4.2. GCC
3.4.3. Egypt
3.4.4. Nigeria
3.4.5. Rest of ME&A
4. South America Graphene Oxide Market Size and Forecast (by Value in USD Million)
4.1. South America Graphene Oxide Market Size and Forecast, by Product (2023-2030)
4.1.1. Graphene Nanoplatelets
4.1.2. Graphene Oxide
4.1.3. Reduced Graphene Oxide
4.1.4. Monolayer Graphene
4.1.5. Bulk Graphene
4.1.6. Others
4.2. South America Graphene Oxide Market Size and Forecast, by Application (2023-2030)
4.2.1. Paints & Coatings
4.2.2. Electronic Components
4.2.3. Composites
4.2.4. Batteries
4.2.5. Solar Panels
4.2.6. Others
4.3. South America Graphene Oxide Market Size and Forecast, by End-Use (2023-2030)
4.3.1. Automotive
4.3.2. Medical
4.3.3. Aerospace
4.3.4. Defence
4.3.5. Concrete Industry
4.3.6. Tires
4.3.7. Others
4.4. South America Graphene Oxide Market Size and Forecast, by Country (2023-2030)
4.4.1. Brazil
4.4.2. Argentina
4.4.3. Rest of South America
5. Company Profile: Key players
5.1. Graphenea
5.1.1.1. Company Overview
5.1.1.2. Financial Overview
5.1.1.3. Business Portfolio
5.1.1.4. SWOT Analysis
5.1.1.5. Business Strategy
5.1.1.6. Recent DevelopAutomotivets
5.2. Thomas Swan & Co. Ltd.
5.3. Haydale Graphene Industries plc
5.4. Angstron Materials
5.5. ACS Material LLC
5.6. Abalonyx AS
5.7. Versarien plc
5.8. Directa Plus
5.9. Graphene Laboratories Inc.
5.10. Applied Graphene Materials plc
5.11. Ningbo Morsh Technology Co., Ltd.
5.12. Graphene NanoChem
5.13. Advanced Graphene Products
5.14. G6 Materials
5.15. 2D Carbon Graphene Material Co., Ltd.
5.16. BGT Materials Limited, Ltd.
5.17. CVD Equipment Corporation
5.18. Zentek Ltd.
5.19. Reade Advanced Materials
5.20. Goodfellow
5.21. Nanotech Energy
5.22. Graphene Production
5.23. Cheap Tubes
5.24. Other
6. Key Findings
7. Industry Recommendation
