Global Graphene Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Product (Graphene Oxide, Graphene Flakes, Graphene Sheets, Graphene Inks), By End-User Industry (Consumer Electronics, Energy And Power, Aerospace & Defense, Others), And By Geography - Forecasts From 2022 To 2027

The global graphene market was valued at US$3.213 billion in 2020 and is expected to grow at a CAGR of 36.88% over the forecast period to reach US$28.916 billion by 2027.

Graphene is the world’s strongest and thinnest material with high thermal and electrical conductivity. Increasing demand for flexible, lightweight, and renewable materials with a long-life span is the primary factor driving the growth of the global graphene market. Graphene is used for composites & coating materials, nanoplatelets, structural components of aircraft, nanotechnology in the electronic industry, and efficient and stronger weapons in the defence sector. The material is also utilized for making batteries, conductors, and generators to enhance energy efficiency and the overall performance of devices. Graphene can be combined with metals, polymers, and ceramics, to improve the conductivity and the thermal and pressure resistance of the composites. Graphene is still in the early phase of development and has not reached its full potential in most of its application areas. There have been continuous efforts in research and development to enhance the quality of graphene.

Market Drivers

The graphene market is witnessing an increase in new products owing to the rising demand from developing economies such as China, India, and Thailand. China is focusing on increasing the production of graphene and investing a huge amount of capital in the research and development of graphene nanoplatelets. Graphenea, a Spanish company, is engaged in developing and supplying graphene oxide to various research groups and large multinationals for their product development. Graphene oxide is growing due to its wide application scope in biomedical, solar cells, composites, batteries, supercapacitors, and biosensors, among others.

Segmentation

The graphene market has been segmented by product and end-user industry. Segmentation by product includes graphene oxide, graphene flakes, graphene sheets, and graphene inks. By end-user industry, the market has been segmented into consumer electronics, energy and power, aerospace & defense, and others. Graphene is a strong material that can be used to enhance the strength of other materials. Graphene-enhanced composite materials can be used in aerospace, building materials, mobile devices, and in many other applications. Graphene is a good conductive material for heat, and this advantage of graphene can be used for making LED, thermal foils for mobile devices, and thermal films. Graphene properties like being the thinnest material are driving the market for batteries and supercapacitors that can store more energy and help charge products even faster. Demand for the graphene market is growing due to various applications of graphene-like anti-corrosion coatings and paints, efficient and precious sensors, faster and efficient electronics, and many others.

By Geography

Regionally, the global automotive sensors market is classified into North America, South America, Europe, the Middle East, and Africa, and the Asia Pacific. The report also analyses 15 countries across these regions with a complete analysis and forecast along with prevailing market trends and opportunities that each of these countries presents for the manufacturers. North America is expected to be the growing market for graphene products due to the major utilization of graphene for research and development activities across various universities and institutes. The Asia Pacific region is expected to see the fastest growth in the graphene market due to increasing applications in consumer electronics and the aerospace industry here.

Major players in the global graphene market have been covered along with their relative competitive positions and strategies. The report also states recent deals and investments by different market players over the last year. The report consists of key products and services being offered along with the recent developments of these important players in the graphene market.

Key Developments

• July 2021: Thomas Swan & Co. Ltd. started a joint venture transaction with the Canadian-based graphene company, Mason Graphite Inc. to launch a new company by the name of Black Swan Graphene (BSG), aiming for the rapid expansion of bulk graphene production, large-scale commercial production and application development facility in Québec, Canada as per the press release by Thomas Swan & Co. Ltd in July 2021.
• June 2021: With Jiangsu Dingying New Materials Co Ltd, the University has agreed to a £1.19 million, six-year collaborative research agreement. Researchers at the University's School of Engineering's Institute for Materials and Processes will study how to best utilize two different types of graphene-based materials, including nanostructured membranes, to filter out impurities and extract valuable substances from effluent liquids and gases under this collaborative agreement as per the 2021 article by the University of Edinburgh.

Impact of COVID-19 on Graphene Market

There are a variety of small and major competitors in the graphene market, making it highly competitive. Throughout the world, the COVID virus caused havoc, particularly in Europe and the United States. Worldwide, firms ceased operations and shut down their production facilities to prevent the virus from spreading further. The outputs of developed and emerging economies contracted. Corporations avoided supply chain bottlenecks by reassessing the life cycle and identifying potential factors that will impact the operation, particularly those that are dependent on geographical locations. To address this global spread, numerous inventions and efforts have been made to expand currently used applications. The graphene industry is anticipated to actively participate in the development of various COVID-19 defense technologies and applications. However, as the market responds to and recovers from the coronavirus crisis, corporate leaders must anticipate risks and consider opportunities.

Global Graphene Market Scope:

Report Metric	Details
Market Size Value in 2020	US$3.213 billion
Market Size Value in 2027	US$28.916 billion
Growth Rate	CAGR of 36.88% from 2020 to 2027
Base Year	2020
Forecast Period	2022–2027
Forecast Unit (Value)	USD Billion
Segments Covered	Product, End-User Industry, And Geography
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered	Versarien PLC, Graphenea Inc., 2D Carbon Graphene Material Co., Ltd, 2D fab, 2D Materials Pte. Ltd., Abalonyx AS, ACS Material, LLC, Advanced Graphene Products
Customization Scope	Free report customization with purchase

 

The global graphene market has been segmented as below:

• By Product
  • Graphene Oxide
  • Graphene Flakes
  • Graphene Sheets
  • Graphene Inks
• By End-User Industry
  • Consumer Electronics
  • Energy and Power
  • Aerospace & Defense
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Taiwan
    • Thailand
    • Indonesia
    • Others

Frequently Asked Questions (FAQs)

Q1. What will be the global graphene market size by 2027?
A1. The global graphene market is expected to reach a market size of US$28.916 billion in 2027.

Q2. What factors are anticipated to drive the graphene market growth?
A2. Increasing demand for flexible, lightweight, and renewable materials with a long life span is the primary factor driving the graphene market growth.

Q3. What are the growth prospects for the graphene market?
A3. The graphene market is expected to grow at a CAGR of 36.88% over the forecast period.

Q4. What is the size of the global graphene market?
A4. Graphene Market was valued at US$3.213 billion in 2020.

Q5. Which region holds the largest market share in the graphene market?
A5. North America is expected to be the growing market for graphene products due to the major utilization of graphene for research and development activities across various universities and institutes.