The scope of the recent study on the “Graphene Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type and Application” consists of the factors fueling market growth, revenue estimation, and market share analysis. It also includes the identification of significant market players and their key developments.
The graphene market is projected to grow from US$ 821.2 million in 2021 to US$ 7,555.8 million by 2028; it is expected to grow at a CAGR of 37.3% from 2021 to 2028.
Graphene is an allotrope of carbon atoms available in the form of a single layer or multilayer. The carbon atoms of graphene are arranged in a hexagonal manner.
By type, the graphene market is segmented into monolayer and bilayer, graphene nano-platelets, graphene oxide, and others. The monolayer and bilayer segment held the largest market share in 2020 due to the rising integration of monolayer and bilayer graphene in the industries. It provides excellent mechanical strength & electrical conductivity and has high electronic mobility. Therefore, the segment finds applications in many areas such as membranes, coatings, sensors, photocatalysis, and solar cells.
The global graphene market is further segmented into five main regions - North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM). In 2020, Asia Pacific had the largest share in the graphene market. The continued growth in graphene consumption due to the rise in industrialization, coupled with large-scale manufacturing, is fueling the graphene market growth. The rising electronics production by some major players of the electronics industry in the region is also driving the graphene market in Asia Pacific.
The global economy was hit hard due to the COVID-19 pandemic. Governments of various regions had taken possible steps to restrict the spread of SARS-CoV-2 by announcing country-wide lockdowns, which directly impacted the growth of industrial sectors. Many electronics and paints & coatings manufacturers faced challenges procuring graphene. Moreover, supply constraints have significantly raised the costs of graphene. The COVID-19 pandemic had significantly impacted manufacturing industries across the globe, with a huge decline in the production process. However, the market has recovered due to the rising demand for graphene.
The “Global Graphene Market Analysis to 2028” is a specialized and in-depth study of the chemicals & materials industry with a special focus on global market trend analysis. The report aims to provide an overview of the graphene market. The market is segmented on the basis of type, application, and geography. Based on type, the global graphene market is segmented into monolayer and bilayer, graphene nano-platelets, graphene oxide, and others. Based on application, the market is further segmented into composites; functional inks, paints and coatings; energy storage; electronics; polymer additives; RFID; and others. By geography, the graphene market is segmented into five main regions - North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America.
Reasons to Buy
The graphene market is projected to grow from US$ 821.2 million in 2021 to US$ 7,555.8 million by 2028; it is expected to grow at a CAGR of 37.3% from 2021 to 2028.
Graphene is an allotrope of carbon atoms available in the form of a single layer or multilayer. The carbon atoms of graphene are arranged in a hexagonal manner.
By type, the graphene market is segmented into monolayer and bilayer, graphene nano-platelets, graphene oxide, and others. The monolayer and bilayer segment held the largest market share in 2020 due to the rising integration of monolayer and bilayer graphene in the industries. It provides excellent mechanical strength & electrical conductivity and has high electronic mobility. Therefore, the segment finds applications in many areas such as membranes, coatings, sensors, photocatalysis, and solar cells.
The global graphene market is further segmented into five main regions - North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM). In 2020, Asia Pacific had the largest share in the graphene market. The continued growth in graphene consumption due to the rise in industrialization, coupled with large-scale manufacturing, is fueling the graphene market growth. The rising electronics production by some major players of the electronics industry in the region is also driving the graphene market in Asia Pacific.
Impact of the COVID-19 Pandemic on Graphene Market
The global economy was hit hard due to the COVID-19 pandemic. Governments of various regions had taken possible steps to restrict the spread of SARS-CoV-2 by announcing country-wide lockdowns, which directly impacted the growth of industrial sectors. Many electronics and paints & coatings manufacturers faced challenges procuring graphene. Moreover, supply constraints have significantly raised the costs of graphene. The COVID-19 pandemic had significantly impacted manufacturing industries across the globe, with a huge decline in the production process. However, the market has recovered due to the rising demand for graphene.
Graphene Market, by Region, 2020
The “Global Graphene Market Analysis to 2028” is a specialized and in-depth study of the chemicals & materials industry with a special focus on global market trend analysis. The report aims to provide an overview of the graphene market. The market is segmented on the basis of type, application, and geography. Based on type, the global graphene market is segmented into monolayer and bilayer, graphene nano-platelets, graphene oxide, and others. Based on application, the market is further segmented into composites; functional inks, paints and coatings; energy storage; electronics; polymer additives; RFID; and others. By geography, the graphene market is segmented into five main regions - North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America.
Reasons to Buy
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the global graphene market, thereby allowing players to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals
Table of Contents
1. Introduction
3. Research Methodology
4. Graphene Market Landscape
5. Graphene Market - Key Market Dynamics
6. Graphene -Market Analysis
7. Global Graphene Market Analysis - By Type
8. Graphene Market Analysis - by Application
9. Graphene Market - Geographic Analysis
10. Impact of COVID-19
11. Company Profiles
12. Appendix
List of Tables
List of Figures
Executive Summary
The graphene market is projected to grow from US$ 821.2 million in 2021 to US$ 7,555.8 million by 2028; it is expected to register a CAGR of 37.3% from 2021 to 2028.Graphene is the structural element of carbon allotropes, including graphite, carbon nanotubes, and fullerenes. Graphene finds its application in various industries, such as electronics, biomedical, automotive, and construction, due to its superior tensile strength, mechanical properties, flexibility, and chemical stability. Graphene is a highly useful material without similar substitutes in the market, further leading to the consistent demand for the material over the future.
Based on type, the global graphene market is segmented into monolayer & bilayer, graphene nano-platelets, graphene oxide, and others. In 2020, the monolayer & bilayer segment accounted for the largest revenue share. Graphene nano-platelets segment is also expected to account for the fastest growing compound annual growth rate over the forecast period. Monolayer & bilayer graphene is largely used in the application of electronics. Since electronics is the dominating application in the graphene market, monolayer and bilayer graphene is the most utilized type.
Based on application, the global graphene market is segmented into composites; functional inks, paints and coatings; energy storage; electronics; polymer additives; RFID; and others. The electronics segment held the largest market share in 2020. Graphene is increasingly used in touch screens because it is thinner and stronger than any other material. It is used in transistors and other electronics applications as a replacement for silicone. Graphene can be used to produce batteries of less weight and low cost. The energy storage segment is expected to be the fastest-growing segment during the forecast period. Energy storage devices such as batteries and supercapacitors require graphene for enhancing the lifespan of those products. Thus, the increasing application of graphene is expected to drive the market in the near future.
In 2020, Asia Pacific held the largest revenue share of the global graphene market. In Asia Pacific, the electronics industry is the largest consumer of graphene. The increasing focus on research and development for graphene-related applications in the region is also the key factor driving the market. China accounts for the highest number of patents for graphene globally. The energy storage segment is the second-largest and fastest-growing segment in the Asia Pacific region. Industrial and manufacturing activities have increased in the past few years. This has resulted in a rising demand for graphene. Further, innovations in the electronics industry by major manufacturers in the region are expected to boost the growth of the graphene market.
The key market players in the global Graphene market include XG Sciences; The Sixth Element Materials Technology Co., Ltd; Global Graphene Group; NanoXplore Inc.; Graphenea, Inc.; Directa Plus S.p.A; AVANZARE INNOVACION TECNOLOGICA S.L.; Thomas Swan & Co. Ltd.; Morsh; and Perpetuus Advanced Materials PLC
The overall global graphene market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants involved in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the graphene market.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Xg Sciences
- The Sixth Element Materials Technology Co.Ltd
- Global Graphene Group
- Nanoxplore Inc.
- Graphenea
- Directa Plus S.P.A
- Avanzare Innovacion Tecnologica S.L.
- Thomas Swan & Co. Ltd.
- Morsh
- Perpetuus Advanced Materials plc
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 149 |
| Published | March 2022 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 821.2 Million |
| Forecasted Market Value ( USD | $ 7555.8 Million |
| Compound Annual Growth Rate | 37.3% |
| Regions Covered | Global |
