Graphene Oxide Global Market Report 2025

The graphene oxide market size has grown exponentially in recent years. It will grow from $0.21 billion in 2024 to $0.28 billion in 2025 at a compound annual growth rate (CAGR) of 30.4%. The growth in the historic period can be attributed to increasing collaborations between research institutions and industries, rising advancements in production techniques, growing awareness of the benefits of graphene oxide, increasing integration in next-generation batteries, and rising utilization in water purification.

The graphene oxide market size is expected to see exponential growth in the next few years. It will grow to $0.79 billion in 2029 at a compound annual growth rate (CAGR) of 30.1%. The growth in the forecast period can be attributed to increasing demand for energy storage devices, expanding applications in electronics and sensors, rising research and development activities, growing use in biomedical and pharmaceutical applications, and increasing demand for flexible and wearable electronics. Key trends in the forecast period include advancements in superhydrophobic surfaces, innovations in piezoelectric devices, integration in smart windows, developments in nanofiltration membranes, and advanced thermoplastic composites.

The increasing demand for electric vehicles (EVs) is expected to propel the growth of the graphene oxide market going forward. Electric vehicles refer to automobiles powered by electric energy stored in rechargeable batteries using electric motors, offering a cleaner and more energy-efficient alternative that reduces emissions and dependence on fossil fuels. The demand for electric vehicles is rising due to growing environmental concerns, prompting individuals and governments to adopt cleaner transportation and reduce carbon emissions. Graphene oxide supports electric vehicles by enhancing battery performance with higher energy storage and faster charging, while strengthening components and reducing weight to improve efficiency and durability. For instance, in April 2024, according to the International Energy Agency (IEA), electric car sales surpassed 17 million globally, marking an increase of over 25% and an additional 3.5 million vehicles sold compared to 2023. Therefore, the increasing demand for electric vehicles is driving the growth of the graphene oxide market.

Key companies operating in the graphene oxide market are focusing on innovative technologies such as enhanced hydrogen barriers to improve energy storage efficiency, material durability, and clean energy applications. Enhanced hydrogen barriers refer to advanced materials or coatings that significantly reduce hydrogen permeability, preventing leakage or diffusion while improving safety, efficiency, and durability in applications such as fuel cells, hydrogen storage, and energy systems. For instance, in October 2024, Graphmatech AB, a Sweden-based technology company, introduced its AROS Polyamide-Graphene composites to enhance hydrogen storage and transport, reducing hydrogen leakage by up to 83% compared to traditional materials, and secured a grant from the Swedish Energy Agency to develop a mobile production line for hydrogen-related materials, facilitating the creation and testing of new pressure vessels and pipes. This launch aims to accelerate the adoption of hydrogen technologies by improving storage efficiency, reducing leakage, and supporting scalable, safe, and cost-effective hydrogen infrastructure for clean energy applications.

In April 2023, Universal Matter UK Limited, a UK-based private limited company, acquired Applied Graphene Materials UK Limited for $1.3 million. The acquisition strategically enhances Universal Matter's capabilities by combining its proprietary graphene production technology, specifically the Flash Joule Heating process for upcycling carbon waste into graphene, with AGM’s dispersion platform technologies for advanced paints, coatings, and composites. Applied Graphene Materials UK Limited is a UK-based manufacturing and advanced materials company that produces graphene nanoplatelets.

Major players in the graphene oxide market are NanoXplore Inc., Dongguan Sat Nano Technology Material Co. Ltd, Stanford Advanced Materials Corporation, Thomas Swan & Co. Ltd., Otto Chemie Pvt. Ltd, Directa Plus S.p.A., Grafoid Inc., HAYDALE GRAPHENE INDUSTRIES PLC, LAYERONE AS, Applied Graphene Materials Plc, 2D Carbon Graphene Material Co., Graphene Laboratories Inc., GRAPHENE SQUARE INC, ACS Material LLC., AdNano Technologies Pvt. Ltd., Global Graphene Group Inc., First Graphene Limited, Graphenea Inc., Talga Group Ltd., Zentek Ltd, Cheap Tubes Inc., and Hongwu International Group Ltd.

Asia-Pacific was the largest region in the graphene oxide market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in graphene oxide report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the graphene oxide market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The intensifying U.S. tariffs and escalating trade tensions in spring 2025 are expected to have a significant impact on the chemicals sector, which is bearing a disproportionate burden, particularly from tariffs on petrochemicals and intermediates, where affordable domestic substitutes are often unavailable. Producers of specialty chemicals, heavily dependent on Chinese raw materials, are experiencing production disruptions. At the same time, fertilizer manufacturers are seeing profit margins eroded due to tariffs on phosphate imports. In response, companies are ramping up R&D into bio-based alternatives, forming procurement alliances to consolidate buying power, and shifting production to tariff-neutral nations such as Saudi Arabia.

The graphene oxide market research report is one of a series of new reports that provides graphene oxide market statistics, including graphene oxide industry global market size, regional shares, competitors with a graphene oxide market share, detailed graphene oxide market segments, market trends and opportunities, and any further data you may need to thrive in the graphene oxide industry. This graphene oxide market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Graphene oxide is a two-dimensional nanomaterial derived from graphite, consisting of single-atom-thick carbon layers arranged in a hexagonal lattice and functionalized with oxygen-containing groups such as hydroxyl, epoxy, and carboxyl. These functional groups make it hydrophilic and easily dispersible in water, enabling chemical modification and integration with other materials. Due to its high surface area, mechanical strength, and tunable electrical conductivity, graphene oxide finds extensive use in a variety of advanced technological applications.

The main product types of graphene oxide comprise graphene nanoplatelets, graphene oxide, reduced graphene oxide, monolayer graphene, and other product types. Graphene oxide is a chemically modified form of graphene containing oxygen functional groups that improve its dispersibility in water and other solvents, making it highly suitable for use in composites, coatings, and energy storage applications. These products are available in various forms, including powder, liquid, and others. The key applications include paints and coatings, electronic components, composites, batteries, and solar panels, and they serve end users such as automotive, medical, aerospace, defense, and others.

The graphene oxide market consists of sales of graphene oxide powder, few-layer graphene sheets, graphene oxide dispersions, functionalized graphene oxide, graphene oxide inks, and graphene oxide films. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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