Graphene Oxide Market Report 2026

The graphene oxide market size has grown exponentially in recent years. It will grow from $0.28 billion in 2025 to $0.36 billion in 2026 at a compound annual growth rate (CAGR) of 30.3%. The growth in the historic period can be attributed to academic research expansion, demand for lightweight materials, growth of nanotechnology research, early electronics applications, composite material innovation.

The graphene oxide market size is expected to see exponential growth in the next few years. It will grow to $1.03 billion in 2030 at a compound annual growth rate (CAGR) of 30%. The growth in the forecast period can be attributed to battery performance enhancement needs, electric vehicle material demand, scalable manufacturing investments, electronics miniaturization, renewable energy material adoption. Major trends in the forecast period include rising use in energy storage applications, growing adoption in advanced composites, expansion of conductive coatings demand, increasing integration in flexible electronics, higher focus on scalable production methods.

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 companies operating 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., Hongwu International Group Ltd.

Asia-Pacific was the largest region in the graphene oxide market in 2025. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the graphene oxide market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the graphene oxide market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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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