Graphene Market Size, Share & Trends Analysis Report By Product (Graphene Oxide, Graphene Nanoplatelets), By Application (Electronics, Composites, Energy), By Region, And Segment Forecasts, 2023

Quick Summary:

In an environment where innovation takes the helm, understanding the growth trends in the global graphene market holds paramount importance for high-level decision-making processes. The anticipated expansion of this market is primarily fueled by the burgeoning electronics industry in emerging economies, coupled with its widespread use in composites applications.

The incorporation of graphene in battery manufacturing, given its notable thermal and electrical conductivity alongside its unresponsive chemical presence, has also garnered considerable attention. Case in point, Anaphite, who is investing in improving EV batteries manufactured using graphene, reflecting the surge in Research & Development investments aimed at escalating graphene's role in batteries.

The energy sector emerges as a key application segment, reflecting increasing reliance on graphene-based components for enhanced energy storage and generation. The utilization of graphene, extending from de-icing paints to enhancing wind turbine efficiency, reinforces its growing significance. More importantly, the demand for graphene films is poised to increase, fostered by the need for protective coatings in electronic devices, signaling higher production capacity for graphene-based products.

The concentration of the global graphene industry appears to be mainly in developed regions like North America and Europe. Still, it does show a robust presence of suppliers and manufacturers in China. The propensity towards research and development rendered by multiple multinational corporations and manufacturers in developed countries undeniably contributes to the market dynamism. In conclusion, having an in-depth understanding of the movement in the global graphene market could be an imperative element in strategic decision-making processes in contemporary business scenarios.

The global graphene market size is expected to reach USD 3,752.9 million by 2030, expanding at 46.6% CAGR from 2023 to 2030. This growth can be attributed to the growing electronics industry in emerging economies and high penetration in composites application. Furthermore, the product has also caught the attention of manufacturers in the battery industry owing to its remarkable thermal & electrical conductivity and chemically inert nature.

The market is also witnessing increasing investments in research & development work for increasing the penetration of graphene in batteries. For instance, in 2022, Anaphite, a Bristol-based company, secured USD 4.3 million to invest in improving the EV batteries manufactured using graphene. The company is expected to use the material in lithium-ion batteries for manufacturing batteries for EVs (electric vehicles). Furthermore, the technology is expected to be ready for commercial EV manufacturing by 2028.

The energy sector is one of the key application segments owing to the rising application of graphene-based components for energy storage and energy generation. Graphene coatings are used in various batteries, conductors, and generators to improve energy efficiency and the overall performance of devices. The product is also used in the de-icing of paints and is responsible for improving wind turbine efficiency.

Graphene nanoplatelets and graphene films are two major products, primarily used in electronic goods and devices. The demand for graphene films is expected to gain momentum owing to the growing need for protective coatings on smartphones and flexible electronic devices. This has resulted in an increased production capacity of graphene-based products over the past few years.

Apart from graphite, other raw materials required for the production of graphene majorly depend on the type of manufacturing process used. Raw materials including copper, sulfuric acid, nitric acid, and hydrazine are either used by commercial manufacturers or research laboratories depending on the production process used. BASF SE, Moon & Star, and Glencore are some of the key raw materials suppliers.

The global graphene industry is highly concentrated and is majorly consolidated in developed regions such as North America and Europe. The market exhibits the presence of a large number of suppliers and manufacturers in China. The U.S., UK, Canada, and other developed countries have been major markets owing to the increasing efforts on research and development undertaken by several multinational corporations, research institutes, and manufacturers.

Graphene Market Report Highlights

Graphene oxide accounted for a revenue of USD 62.1 million in 2022. The product is increasingly used in a wide range of applications including transparent conductive films for various smartphones, supercapacitors, optoelectronic devices, flexible electronic devices, and medical devices. Its various superior characteristics including superior thermal and electrical conductivity, transparency, permeability, and strength play a major role in boosting its demand
The energy application segment is expected to grow at a CAGR of 35.5% over the forecast period. Electrochemical energy storage solutions are expected to drive the consumption of graphene in the energy sector over the forecast period. Furthermore, energy is a high-potential segment for the market, and continuous innovations in the development of the product are expected to help generate energy from renewable sources
North America is expected to grow at a CAGR of 43.6% over the forecast period. The market is witnessing growth in the composites sector owing to the rising demand from aircraft manufacturing and automobile industries. Large-scale aircraft manufacturers including Boeing are focused on lightweight composite materials such as graphene to improve the efficiency and performance of their aircrafts. The product is becoming increasingly popular owing to its superior characteristics and manufacturers are thus expected to increase product penetration in various applications
The graphene industry is a highly consolidated industry. The major share of key players is concentrated in the developed region, hence regional partnership and distribution agreements are the major strategic initiatives adopted by several key players. Furthermore, the market exhibits the presence of a large number of suppliers and manufacturers in China

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Frequently Asked Questions about the Global Graphene Market

What is the estimated value of the Global Graphene Market?

The Global Graphene Market was estimated to be valued at $175.9 Million in 2022.

What is the growth rate of the Global Graphene Market?

The growth rate of the Global Graphene Market is 46.6%, with an estimated value of $3752.9 Million by 2030.

What is the forecasted size of the Global Graphene Market?

The Global Graphene Market is estimated to be worth $3752.9 Million by 2030.

Who are the key companies in the Global Graphene Market?

Key companies in the Global Graphene Market include ACS Material, BGT Materials Limited, Ltd, CVD Equipment Corporation, Directa Plus S.p.A, Grafoid Inc, Graphenea, NanoXplore Inc, Haydale Graphene Industries plc, Applied Graphene Materials and 2D Carbon Graphene Material Co., Ltd.

Report Attribute	Details
No. of Pages	103
Published	March 2023
Forecast Period	2022 - 2030
Estimated Market Value ( USD ) in 2022	$ 175.9 Million
Forecasted Market Value ( USD ) by 2030	$ 3752.9 Million
Compound Annual Growth Rate	46.6%
Regions Covered	Global
No. of Companies Mentioned	15

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Research Methodology
1.3. Research Scope & Assumption
1.4. Information Procurement
1.4.1. Purchased Database
1.4.2. Internal Database
1.4.3. Secondary Sources & Third-Party Perspectives
1.4.4. Primary Research
1.5. Information Analysis
1.5.1. Data Analysis Models
1.6. Market Formulation & Data Visualization
1.7. Data Validation & Publishing
1.8. List of Data Sources

Chapter 2. Executive Summary
2.1. Market Outlook, 2022 (USD Million)
2.2. Segmental Outlook
2.3. Competitive Insights

Chapter 3. Graphene Market Variables, Trends, and Scope
3.1. Ancillary Market Outlook
3.2. Value Chain Analysis
3.2.1. Raw Material Trends
3.2.1.1. Graphite
3.2.2. Technology Overview
3.2.3. Manufacturing Process
3.2.3.1. Chemical exfoliation
3.2.3.2. Liquid phase exfoliation
3.2.3.3. Chemical vapor deposition (CVD)
3.3. Regulatory Framework
3.3.1. U.S. EPA (TSCA)
3.3.2. France-ANSES
3.4. Market Dynamics
3.4.1. Market driver analysis
3.4.1.1. Growing research activities in the graphene-based energy storage technologies
3.4.1.2. Growth of the electronic industry
3.4.2. Market restraint analysis
3.4.2.1. Lack of commercialization
3.5. Business Environment Analysis
3.5.1. Porter's Analysis
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrants
3.5.1.5. Competitive Rivalry
3.5.2. PESTEL Analysis by SWOT
3.5.2.1. Political Landscape
3.5.2.2. Environmental Landscape
3.5.2.3. Social Landscape
3.5.2.4. Technology Landscape
3.5.2.5. Economic Landscape
3.5.2.6. Legal Landscape
3.6. Market Disruption Analysis

Chapter 4. Graphene Market-Product Estimates & Trend Analysis
4.1. Key Takeaways
4.2. Product Movement Analysis & Market Share, 2022 & 2030
4.3. Graphene Market Estimates & Forecast, By Product (Ton) (USD Million), 2018 - 2030
4.4. Graphene Nanoplatelets
4.4.1. Graphene nanoplatelets market estimates and forecasts, 2018 - 2030 (Ton) (USD Million)
4.5. Graphene Oxide
4.5.1. Graphene oxide market estimates and forecasts, 2018 - 2030 (Ton) (USD Million)
4.6. Reduced Graphene Oxide
4.6.1. Reduced graphene oxide market estimates and forecasts, 2018 - 2030 (Ton) (USD Million)
4.7. Others
4.7.1. Other graphene products market estimates and forecasts, 2018 - 2030 (Ton) (USD Million)

Chapter 5. Graphene Market-Application Estimates & Trend Analysis
5.1. Key Takeaways
5.2. Application Movement Analysis & Market Share, 2022 & 2030
5.3. Graphene Market Estimates & Forecast, By Application (Ton) (USD Million), 2018 - 2030
5.4. Electronics
5.4.1. Graphene market estimates and forecasts for electronics application, 2018 - 2030 (Ton) (USD Million)
5.5. Composites
5.5.1. Graphene market estimates and forecasts for composites application, 2018 - 2030 (Ton) (USD Million)
5.6. Energy
5.6.1. Graphene market estimates and forecasts for energy application, 2018 - 2030 (Ton) (USD Million)
5.7. Others
5.7.1. Graphene market estimates and forecasts for other applications, 2018 - 2030 (Ton) (USD Million)

Chapter 6. Graphene Market-Regional Estimates & Trend Analysis
6.1. Graphene Market: Regional Outlook
6.2. North America
6.2.1. North America graphene market estimates and forecasts, 2018 - 2030 (Ton) (USD Million)
6.2.2. U.S.
6.2.2.1. U.S. graphene market estimates and forecasts, 2018 - 2030 (Ton) (USD Million)
6.3. Europe
6.3.1. Europe graphene market estimates and forecasts, 2018 - 2030 (Ton) (USD Million)
6.3.2. U.K.
6.3.2.1. U.K. graphene market estimates and forecasts, 2018 - 2030 (Ton) (USD Million)
6.3.3. Spain
6.3.3.1. Spain graphene market estimates and forecasts, 2018 - 2030 (Ton) (USD Million)
6.4. Asia Pacific
6.4.1. Asia Pacific graphene market estimates and forecasts, 2018 - 2030 (Ton) (USD Million)
6.4.2. China
6.4.2.1. China graphene market estimates and forecasts, 2018 - 2030 (Ton) (USD Million)
6.4.3. India
6.4.3.1. India graphene market estimates and forecasts, 2018 - 2030 (Ton) (USD Million)
6.5. Rest of the World
6.5.1. Rest of the World graphene market estimates and forecasts, 2018 - 2030 (Ton) (USD Million)

Chapter 7. Graphene Market Supplier Intelligence
7.1. Kraljic Matrix/Portfolio Analysis
7.2. Engagement Model
7.3. Negotiation Strategies
7.4. Sourcing Best Practices
7.5. Vendor Selection Criteria
7.6. List of Raw Material Suppliers
7.7. List of Distributors
7.8. List of End-users

Chapter 8. Competitive Landscape
8.1. Key players’ recent developments & their impact on the industry
8.2. Company/Competition Categorization
8.3. Company market position analysis
8.4. Company Heat Map Analysis
8.5. Company Market Share Analysis, 2022
8.6. Strategy Mapping
8.7. Company Listing
8.7.1. ACS Material
8.7.1.1. Company Overview
8.7.1.2. Financial Performance
8.7.1.3. Product Benchmarking
8.7.1.4. Strategic Initiatives
8.7.2. BGT Materials Limited, Ltd
8.7.2.1. Company Overview
8.7.2.2. Financial Performance
8.7.2.3. Product Benchmarking
8.7.2.4. Strategic Initiatives
8.7.3. CVD Equipment Corporation
8.7.3.1. Company Overview
8.7.3.2. Financial Performance
8.7.3.3. Product Benchmarking
8.7.3.4. Strategic Initiatives
8.7.4. Directa Plus S.p.A
8.7.4.1. Company Overview
8.7.4.2. Financial Performance
8.7.4.3. Product Benchmarking
8.7.4.4. Strategic Initiatives
8.7.5. Grafoid Inc
8.7.5.1. Company Overview
8.7.5.2. Financial Performance
8.7.5.3. Product Benchmarking
8.7.5.4. Strategic Initiatives
8.7.6. Graphenea
8.7.6.1. Company Overview
8.7.6.2. Financial Performance
8.7.6.3. Product Benchmarking
8.7.6.4. Strategic Initiatives
8.7.7. NanoXplore Inc
8.7.7.1. Company Overview
8.7.7.2. Financial Performance
8.7.7.3. Product Benchmarking
8.7.7.4. Strategic Initiatives
8.7.8. Haydale Graphene Industries plc
8.7.8.1. Company Overview
8.7.8.2. Financial Performance
8.7.8.3. Product Benchmarking
8.7.8.4. Strategic Initiatives
8.7.9. Applied Graphene Materials
8.7.9.1. Company Overview
8.7.9.2. Financial Performance
8.7.9.3. Product Benchmarking
8.7.9.4. Strategic Initiatives
8.7.10. 2D Carbon Graphene Material Co., Ltd
8.7.10.1. Company Overview
8.7.10.2. Financial Performance
8.7.10.3. Product Benchmarking
8.7.10.4. Strategic Initiatives
8.7.11. Thomas Swan & Co. Ltd.
8.7.11.1. Company Overview
8.7.11.2. Financial Performance
8.7.11.3. Product Benchmarking
8.7.11.4. Strategic Initiatives
8.7.12. Graphene Laboratories, Inc.
8.7.12.1. Company Overview
8.7.12.2. Financial Performance
8.7.12.3. Product Benchmarking
8.7.12.4. Strategic Initiatives
8.7.13. Graphensic AB
8.7.13.1. Company Overview
8.7.13.2. Financial Performance
8.7.13.3. Product Benchmarking
8.7.13.4. Strategic Initiatives
8.7.14. Graphene Square, Inc
8.7.14.1. Company Overview
8.7.14.2. Financial Performance
8.7.14.3. Product Benchmarking
8.7.14.4. Strategic Initiatives
8.7.15. AMO GmbH
8.7.15.1. Company Overview
8.7.15.2. Financial Performance
8.7.15.3. Product Benchmarking
8.7.15.4. Strategic Initiatives

List of Tables
Table 1 Graphene market estimates and forecasts, by Product, 2018 - 2030 (Tons)
Table 2 Graphene market estimates and forecasts, by Product, 2018 - 2030 (USD Million)
Table 3 Graphene market estimates and forecasts, by Application, 2018 - 2030 (Tons)
Table 4 Graphene market estimates and forecasts, by Application, 2018 - 2030 (USD Million)

List of Figures
Fig. 1 Graphene Market Segmentation
Fig. 2 Information Procurement
Fig. 3 Primary Research Pattern
Fig. 4 Primary Research Process
Fig. 5 Market research approaches - Bottom-Up Approach
Fig. 6 Market research approaches - Top Down Approach
Fig. 7 Market research approaches - Combined Approach
Fig. 8 Market Snapshot
Fig. 9 Segmental Outlook
Fig. 10 Competitive Outlook
Fig. 11 Graphene market - Value chain analysis
Fig. 12 Graphene: Market Driver Impact Analysis
Fig. 13 Lithium Ion Battery Production Capacities (Gwh)
Fig. 14 Graphene: Market Restraint Impact Analysis
Fig. 15 Graphene Market: PORTER’s Analysis
Fig. 16 Graphene Market: PESTEL Analysis
Fig. 17 Graphene Market, by Product: Key Takeaways
Fig. 18 Graphene Market, by Product: Market Share, 2022 & 2030
Fig. 19 Graphene Nanoplatelets Market Estimates & Forecasts, 2018 - 2030 (Ton) (USD Million)
Fig. 20 Graphene Oxide Market Estimates & Forecasts, 2018 - 2030 (Ton) (USD Million)
Fig. 21 Reduced Graphene Oxide Market Estimates & Forecasts, 2018 - 2030 (Ton) (USD Million)
Fig. 22 Other Graphene Market Estimates & Forecasts, 2018 - 2030 (Ton) (USD Million)
Fig. 23 Graphene Market, by Application: Key Takeaways
Fig. 24 Graphene Market, by Application: Market Share, 2022 & 2030
Fig. 25 Graphene Market Estimates & Forecasts, for Electronics Application, 2018 - 2030 (Ton) (USD Million)
Fig. 26 Graphene Market Estimates & Forecasts, for Composites Application, 2018 - 2030 (Ton) (USD Million)
Fig. 27 Graphene Market Estimates & Forecasts, for Energy Application, 2018 - 2030 (Ton) (USD Million)
Fig. 28 Graphene Market Estimates & Forecasts, for Other Applications, 2018 - 2030 (Ton) (USD Million)
Fig. 29 Graphene market revenue, by region, 2022 & 2030, (USD Million)
Fig. 30 Regional marketplace: Key takeaways
Fig. 31 North America Graphene Market Estimates & Forecasts, 2018 - 2030 (Ton) (USD Million)
Fig. 32 U.S. Graphene Market Estimates & Forecasts, 2018 - 2030 (Ton) (USD Million)
Fig. 33 Europe Graphene Market Estimates & Forecasts, 2018 - 2030 (Ton) (USD Million)
Fig. 34 U.K. Graphene Market Estimates & Forecasts, 2018 - 2030 (Ton) (USD Million)
Fig. 35 Spain Graphene Market Estimates & Forecasts, 2018 - 2030 (Ton) (USD Million)
Fig. 36 Asia Pacific Graphene Market Estimates & Forecasts, 2018 - 2030 (Ton) (USD Million)
Fig. 37 China Graphene Market Estimates & Forecasts, 2018 - 2030 (Ton) (USD Million)
Fig. 38 India Graphene Market Estimates & Forecasts, 2018 - 2030 (Ton) (USD Million)
Fig. 39 Rest of the World Graphene Market Estimates & Forecasts, 2018 - 2030 (Ton) (USD Million)