Authored By: Sarah
11 Jul 2024

 Graphene Market to grow by USD 773.01 million between 2023-2027

According to a research report “ Graphene Market” by Product (Graphene nanoplatelets, Graphene oxide, Reduced graphene oxide, Others) End-user (Electronics, Energy, Composites, Automotive, Others) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2027 published by Technavio, the market size is estimated to grow by USD 773.01 million at a CAGR of  34.07% during the forecast period. In the billion-dollar construction industry, where 8% of global CO2 emissions originate from cement production, the need for eco-friendly, high-performance, and cost-effective green building materials is paramount. One such promising substance is graphene, which can significantly enhance concrete's properties. Graphene-based materials, through various modification techniques like doping, noncovalent functionalization, covalent functionalization, and hybridization, offer increased durability and reduced cement usage. This research into graphene and its application in modern construction materials is a significant business trend..

Browse market data tables, figures, and in-depth TOC on “Graphene Market” by Product (Graphene nanoplatelets, Graphene oxide, Reduced graphene oxide, Others) End-user (Electronics, Energy, Composites, Automotive, Others) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2027.

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By Product, the Graphene nanoplatelets segment is projected to dominate the market size in 2024.

In the realm of technology innovation, graphene emerges as a game-changer. For mobile devices, its application as a coating for touch screens promises enhanced responsiveness. In the realm of computing, graphene's use in circuitry leads to unprecedented speed. Furthermore, graphene's potential extends to catalyzing the development of new electronics, including microchips and transistors. Businesses are actively investing in the production of conductive graphene inks, paving the way for advanced circuit printing techniques.

By End-user, Electronics  segment is expected to hold the largest market size for the year 2024.

In the realm of advanced materials, graphene nanoplatelets (GNPs) emerge as a game-changer. These two-dimensional carbon structures, comprised of single or multilayered graphite planes, boast desirable properties such as high electrical conductivity, strength, thermal conductivity, and a large specific surface area. GNPs are essentially graphitic stacks, approximately one to two nanometers thick, offering superior barrier properties compared to plain graphene. This unique trait enables GNPs to be effortlessly dispersed into existing materials, thereby enhancing the resulting composite's overall performance in the graphene market.

APAC is forecasted to hold the largest market size by region in 2024.

In the dynamic graphene market landscape, the surging demand for this versatile material is primarily driven by its application in various sectors, including construction, automotive, electronics, aerospace, electrical, steel, and others. Notably, the burgeoning demand for electric and hybrid vehicles in Asia-Pacific countries, such as China, India, and Japan, is significantly increasing the consumption of graphene for manufacturing lithium-ion batteries. This trend is projected to propel the growth of the regional graphene market during the forecast period. China, being a major producer of graphene in the region, is leading the way with its extensive use of graphene powder in battery conductive additives, lithium battery materials, and special coatings, and graphene film for thermally conductive films, flexible displays, and sensors.

The Graphene Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • 2D Carbon Graphene Material Co. Ltd.
  • ACS Material
  • Advanced Graphene Products SA
  • Applied Graphene Materials PLC
  • CVD Equipment Corp.
  • Directa Plus PLC
  • First Graphene Ltd.
  • G6 MATERIALS Corp.
  • Global Graphene Group
  • Grafoid Inc.
  • Graphene Platform Corp.
  • Grolltex Inc.
  • Haydale Graphene Industries plc
  • Nanograf Corp.
  • NanoXplore Inc.
  • Thomas Swan and Co. Ltd.
  • Vorbeck Materials Corp.
  • XG Sciences Inc.
.

For insights on company offerings- Request a sample report!

Research Analysis Overview

The graphene market encompasses a wide range of applications, including paints, batteries, and various industries such as medical, transportation, and industrial automotive. Graphene oxide and reduced graphene oxide are key components in this market, derived from the carbon allotrope, graphene. These materials offer exceptional conductivity, flexibility, and mechanical properties, making them valuable in energy storage, biomedical technologies, and wastewater treatment. Graphene nanoplatelets and carbon nanotubes are other forms of graphene that contribute to the market's growth. Monolayer and bulk graphene are essential for producing high-quality graphene materials for various applications. In the transportation sector, graphene is used in coatings for spaceship manufacturing, planes, helicopters, and drones, enhancing their performance and durability. Quality testing is crucial in the graphene market to ensure authenticity and purity. The rise of fake graphene has led to increased scrutiny and the development of rigorous testing methods. Graphene's unique properties make it a wonder material with vast potential in numerous industries, including energy storage, conductivity, and flexibility.

Market Research Overview

The Graphene Market encompasses various applications in the Defense, Energy, and Electronics sectors. Graphene, an allotrope of carbon, is renowned for its lightweight nature, thermal conductivity, and electrical conductivity, making it an ideal material for Transparent conductors in Touchscreen technologies, Solar cells, OLEDs, and Tablet computers. In the Electronics sector, Graphene Nanomaterials (GFN), including Graphene oxide and Reduced Graphene Oxide, are utilized in Conductive inks, Capacitors, Batteries, and Semiconductors. Graphene's properties also extend to the Medical industry, where it is used in Biomedical technologies for Drug delivery solutions, Protective equipment, and Bio-sensors. Graphene's antiviral and antibacterial efficacy adds value to its applications in the Medical field. Government research institutes are actively involved in Nanotechnology research on Graphene and its derivatives for use in Solar Panels, Energy Storage, Inks, Coatings, Paints, Composites, and Monolayer Graphene vs Bulk Graphene. Quality testing is crucial to ensure the authenticity of Graphene products and to differentiate real Graphene from Fake graphene. Graphene's applications span across various industries, including Aerospace, where it is used in Spaceship manufacturing, Planes, Helicopters, and Drones, and Industrial automotive, such as Tires and Catalysts. The versatility of Graphene and its derivatives continues to fuel the growth of the Graphene Market.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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