Graphene Market

Graphene Market

New York, January 2024: According to a new research study by Global Insight Services (GIS), the Graphene Market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 3.4 billion by 2033.

Graphene is a material that is made up of a single layer of carbon atoms. It is known for its strength and its ability to conduct electricity. Graphene has been used in a variety of applications, including electronics, sensors, and energy storage.

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Global Graphene Market: Market Drivers and Trends

A few key trends in graphene technology are worth mentioning.

There is a trend towards using graphene in flexible electronics. This is because graphene is extremely thin and flexible, making it ideal for use in bendable or foldable devices. Researchers are also exploring how to use graphene to create super-fast transistors and other electronic components. This is because graphene has extremely high electron mobility, meaning that it can carry electrical signals very quickly. There is also a trend towards using graphene to create new types of sensors. This is because graphene is very sensitive to a variety of different stimuli, such as light, heat, and pressure. This means that it can be used to create sensors that can detect a wide range of different environmental conditions.

There are a few key drivers of the graphene market. Firstly, graphene is an extremely strong material. It is about 200 times stronger than steel, making it ideal for a number of industrial applications. Secondly, graphene is also an excellent conductor of electricity and heat. This makes it suitable for a range of electronic applications. Finally, graphene is flexible and transparent, which makes it ideal for a number of optoelectronic applications.

Global Graphene Market: Market Restraints and Challenges

One of the key restraints for the graphene market is the high cost of production. Graphene is typically produced in small batches, making it difficult to achieve economies of scale. This, in turn, makes it difficult for companies to bring down the cost of production, making it a challenge for the market to expand.

Global Graphene Market Report Findings

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The Graphene Oxide (GO) segment is likely to hold the major share of the market in 2023

Based on type, the Graphene Market is segmented into Mono-layer & Bi-layer Graphene, Few Layer Graphene (FLG), Graphene Oxide (GO), and Graphene Nano Platelets (GNP). The Graphene Oxide (GO) segment is expected to dominate the market during the forecast period. It is a large-surfaced oxidized version of graphene that may be utilized as an electrode material in capacitors, batteries, and solar cells. It is used with various polymers and materials to improve composite material qualities including elasticity, conductivity, and tensile strength. These structures are being employed more and more in applications such as ion conductors, hydrogen storage, and Nano filtration membranes. Furthermore, graphene oxide is luminous, making it useful for bio sensing and disease detection, antimicrobial materials, and drug carriers. Furthermore, graphene oxide is used in the fabrication of several electrical devices, such as graphene-based field effect transistors (GFET). The increasing application of graphene oxide in numerous end-use industries is expected to drive market demand.

The composites segment is likely to hold the major share of the market in 2023

By application, the market is classified into Radio Frequency Identification (RFID), Composites, Sensors, Research & Development, Energy Storage, Functional Ink, Polymer Additives, Tire, Coatings, and Others. The composites segment dominated the market in terms of revenue and is expected to dominate the market during the forecast period. Graphene-based composites are employed in a variety of sectors, including construction, aerospace, and automotive, as well as coatings, metals, and plastics. Composite producers account for the majority of the near-term demand. Because of its ease of handling and greater capabilities, graphene is being pushed as a replacement for carbon nanotubes. Superior qualities of graphene include strength, flexibility, lightweight, and conductivity. Composites are created by combining graphene’s compatibility with current items. Graphene is being utilized more often as an addition in resin matrices and other materials to increase mechanical qualities like as thermal and electrical conductivity, durability, stiffness, flexibility, and fire and UV resistance. These factors are expected to drive composite demand in the next years.

The Asia Pacific region is accounted for the majority of market share in 2023

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific has the biggest market share in terms of Graphene Market value followed by North America. Because of the vast number of producers and customers. Increasing production volumes in different industries such as automobiles, marine, military, and aerospace are likely to propel the graphene industry in this region throughout the forecast period. Due to favorable government backing for industrial investments, China is likely to develop as a key market throughout the projection period. The government has put out strong plans to secure graphene research and development funding.

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Competitive Landscape

The key players studied in the global Graphene Market are Applied Graphene Materials (UK), Directa Plus (UK), Graphene NanoChem (UK), Haydale (South Korea), XG Sciences (US), Angstron Materials (US), ACS Material (US), Graphene 3D Lab (US), Graphenea (UK), and GrafTech International (US).

Global Graphene Market: Recent Developments

  • In December 2022, Haydale introduced graphene-enhanced prepreg to provide cost-effective composite tooling with increased surface quality and thermal conductivity..
  • In July 2022, Concrene Ltd. inked a deal with Thomas Swan. Concrene Ltd.’s Thomas Swan intended to employ graphene nanoplatelets in different concrete dispersions to make high-compressive strength concrete. The arrangement aims to broaden the application base of Thomas Swan products on a global basis.
  • In May 2022, Imkemex (headquartered in Mumbai, India) and Applied Graphene Materials began negotiations for an exclusive distribution arrangement. AGM intends to immediately extend its commercial reach to the region’s liquid resins, coatings, composites, and polymers businesses through this new relationship.
  • In July 2021, Graphenea and Grapheal collaborated to accelerate biosensor research with GraphLAB, a graphene-based product. GraphLAB is a next-generation protein disease and screening detection tool.
  • In July 2021, AGM introduced a novel new line of environmentally friendly GNP dispersions. These dispersions will allow users of coatings, paints, and composite materials to improve the sustainability of their varied product compositions.

Global Graphene Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global Graphene Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future global Graphene Market potential from 2022 to 2032 in terms of revenue ($ Million), and Volume (Units).
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global Graphene Market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Graphene Market industry.

Global Graphene Market Segmentation

By Type

  • Mono-layer & Bi-layer Graphene
  • Few Layer Graphene (FLG)
  • Graphene Oxide (GO)
  • Graphene Nano Platelets (GNP)

By Application

  • Radio Frequency Identification (RFID)
  • Composites
  • Sensors
  • Research & Development
  • Energy Storage
  • Functional Ink
  • Polymer Additives
  • Tire
  • Coatings
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
    • Sweden
    • Switzerland
    • Denmark
    • Finland
    • Russia
    • Rest of Europe
  • The Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Indonesia
    • Taiwan
    • Malaysia
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

Key Players