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Global Graphene Scope 2025, Forecast To 2034

25 Mar, 2025

What Has Been the Progress and Growth of the Graphene Market in Recent Years?

The graphene market has seen considerable growth due to a variety of factors.
• The graphene market has seen exponential growth in recent years. It is projected to grow from $1.32 billion in 2024 to $1.62 billion in 2025, at a compound annual growth rate (CAGR) of 22.8%.
The growth is driven by increased adoption in electronics and semiconductors, growth in energy storage applications, expansion into healthcare and biomedical sectors, the rise of graphene-based composites in aerospace and automotive industries, and the development of eco-friendly graphene products.

What Is The Expected Growth In The Graphene Market Size Evolve over the Forecast Period?

The graphene market is expected to maintain its strong growth trajectory in upcoming years.
• The graphene market is predicted to experience significant growth in the coming years, reaching $3.64 billion by 2029 at a CAGR of 22.4%.
This growth is driven by environmental concerns, industry collaborations, market expansion, improved supply chains, and demand. Key trends include a rise in the use of graphene in electronics, energy storage, healthcare, aerospace, automotive industries, and sustainable products.

What Main Forces Are Fueling Expansion In The Graphene Market?

The growing demand for graphene in the automotive sector is expected to boost the graphene market. Graphene’s strength and lightweight characteristics make it ideal for improving vehicle fuel efficiency and performance. It is used in various automotive components, including batteries, structural materials, and heat management solutions. In June 2024, the International Energy Agency reported that global electric vehicle (EV) sales exceeded 14 million in 2023, with significant growth in battery production expected by 2030. The rising demand for graphene from the automotive sector is contributing to the growth of the graphene market.

What Are The Primary Segments In The Global Graphene Market?

The graphene market covered in this report is segmented –
1) By Product: Graphene Nanoplatelets, Graphene Oxide, Reduced Graphene Oxide, Monolayer Graphene, Bulk Graphene, Other Products
2) By Application: Paints And Coatings, Electronic Components, Composites, Batteries, Solar Panels, Other Applications
3) By End-Use: Automotive, Medical, Aerospace, Defense, Concrete Industry, Tires, Other End-Users Subsegments:
1) By Graphene Nanoplatelets: Exfoliated Graphene Nanoplatelets, Surface-Modified Graphene Nanoplatelets
2) By Graphene Oxide: Single-Layer Graphene Oxide, Multi-Layer Graphene Oxide,
3) By Reduced Graphene Oxide: Reduced Graphene Oxide (rGO), Chemically Reduced Graphene Oxide, Thermally Reduced Graphene Oxide
4) By Monolayer Graphene: CVD (Chemical Vapor Deposition) Monolayer Graphene, Exfoliated Monolayer Graphene
5) By Bulk Graphene: Graphene Foams, Graphene Sheets, Graphene Nanostructures
6) By Other Products: Graphene Composites, Graphene-Based Films, Graphene Coatings, Graphene-Based Supercapacitors

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Which Emerging Market Trends Are Altering The Graphene Industry?

Key players in the graphene market, including the Graphene Research and Development Hub, are adopting innovative strategies such as incubation, commercialization, and intensive research and development in India to expand their footing in graphene-based technology. The Hub is intended to bring together industry stakeholders and researchers specializing in graphene and other layered materials, providing a conducive environment for innovation, networking, and knowledge sharing facilitated by digital and hybrid events. For instance, S. Krishnan, Secretary to the Ministry of Electronics and Information Technology (MeitY) – a department of the Union Government of India, inaugurated the nation's first-ever Graphene Innovation Centre and an Excellence Centre for Intelligent IoT Sensors in Kerala in January 2024. Collaborating with Digital University Kerala and Tata Steel, these centres house state-of-the-art amenities for nurturing innovation, research, development, and testing. They are crucial in driving advancements in IoT sensor technology and materials research, fostering collaboration and skill growth within these sectors in India.

Who Are the Key Players In The Graphene Market?

Major companies operating in the graphene market are:
• NanoXplore Inc.
• Ningbo Morsh Technology Co. Ltd.
• Nanjing XFNANO Materials Tech Co. Ltd.
• Thomas Swan & Co. Ltd.
• Directa Plus S.P.A.
• Versarien plc
• AMO GmbH
• Avanzare Innovacion Tecnologica S.L.
• Grafoid Inc.
• Vorbeck Materials Corp.
• 2D Carbon Graphene Material Co. Ltd
• ACS Material
• Graphene Laboratories Inc.
• GRAPHENE SQUARE INC.
• Graphenea
• Graphmatech AB
• HAYDALE GRAPHENE INDUSTRIES PLC
• Nanotech Energy Inc.
• Talga Group
• Universal Matter Inc.
• XG Sciences
• Zentek Ltd.
• Global Graphene Group
• BGT Materials Ltd.
• Cheap Tubes

What Is The Most Dominant Region In The Graphene Market?

Asia-Pacific was the largest region in the graphene market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the graphene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.