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Graphene Market Size (2024 - 2029)

The graphene market is projected to experience significant growth over the forecast period, driven by its applications in the aerospace industry and the increasing demand for printed electronics. Despite challenges posed by the inherent drawbacks of graphene, opportunities such as the development of graphene nanodevices for DNA sequencing and their integration into photodetectors are expected to propel the market forward. The Asia-Pacific region currently holds the largest market share and is anticipated to maintain its dominance throughout the forecast period.

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Market Size of Graphene Industry

Graphene Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 1.17 Billion
Market Size (2029) USD 6.59 Billion
CAGR (2024 - 2029) 41.22 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration High

Major Players

Graphene Market Major Players

*Disclaimer: Major Players sorted in no particular order

Graphene Market Analysis

The Graphene Market size is estimated at USD 1.17 billion in 2024, and is expected to reach USD 6.59 billion by 2029, at a CAGR of 41.22% during the forecast period (2024-2029).

  • During the COVID-19 pandemic, the demand for graphene experienced volatility from various industries. However, the demand for graphene has seen a rise from sectors such as healthcare and biomedical as various countries have lifted lockdowns.
  • The demand for graphene is majorly driven by its increased utilization from aerospace and electronics and communication industry.
  • However, the high cost of production and the competition from existing materials is likely to hamper the market growth.
  • The development of graphene nanodevices for DNA sequencing and adoption of graphene in photodetectors are expected to create growth opportunities for the market studied.
  • The Asia-Pacific region is expected to become the largest region consuming graphene. The fast-developing electronics & telecommunication industry in China, Japan, India, and South Korea is supporting the market.

Graphene Industry Segmentation

Graphene, is the world's first 2-D carbon substance. It has a wide variety of applications. Graphene is a fire-resistant, excellent conductor, highly flexible, and 200 times stronger than steel substance. With gradual recognition of the potential of carbon-based graphene materials, several researchers have started actively participating in the research of graphene materials in several applications. 

The graphene market is segmented by product type, end-user industry, and geography. By product type, the market is segmented into graphene sheets and films, nanoribbons, nanoplatelets, graphene oxide, and other product types. By end-user industry, the market is segmented into electronics and telecommunication, bio-medical and healthcare, energy, aerospace and defense, and other end-user industries. The report also covers the market size and forecasts in 16 countries across major regions. For each segment, the market sizing and forecasts are provided in value (USD).

By Product Type
Graphene Sheets and Films
Nanoribbons
Nanoplatelets
Graphene Oxide
Other Product Types
By End-user Industry
Electronics and Telecommunication
Bio-medical and Healthcare
Energy
Aerospace and Defense
Other End-user Industries
By Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Spain
Rest of Europe
South America
Brazil
Argentina
Colombia
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa
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Graphene Market Size Summary

The graphene market is poised for significant growth over the forecast period, driven by its increasing applications in various industries, particularly electronics and telecommunications. Graphene's unique properties, such as high mechanical strength, electron mobility, and superior thermal conductivity, make it an ideal material for innovations like unbreakable touchscreens, supercharged batteries, and conductive inks. The Asia-Pacific region, with its rapid industrialization and robust electronics sector, holds the largest market share. Countries like China and India are at the forefront, with China being a major hub for electronics production and India rapidly expanding its consumer electronics industry. The region's dominance is further supported by the growing demand for graphene-based applications in aerospace and defense, where graphene is used to create lighter and more durable materials.

Despite the promising growth prospects, the graphene market faces challenges due to certain drawbacks associated with the material. However, opportunities such as the development of graphene nanodevices for DNA sequencing and its integration into photodetectors present potential avenues for market expansion. The market is consolidated, with key players like NanoXplore Inc. and Global Graphene Group holding significant shares. Recent strategic moves, such as acquisitions and partnerships, have further strengthened the market presence of these companies. As the demand for electronic goods and advanced materials continues to rise, the graphene market is expected to experience substantial growth, with Asia-Pacific maintaining its leading position throughout the forecast period.

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Graphene Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Graphene Aiding the Aerospace Industry

      2. 1.1.2 Rising Demand for Printed Electronics

      3. 1.1.3 Other Drivers

    2. 1.2 Market Restraints

      1. 1.2.1 High Production Cost

      2. 1.2.2 Availability of Substitutes

      3. 1.2.3 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 By Product Type

      1. 2.1.1 Graphene Sheets and Films

      2. 2.1.2 Nanoribbons

      3. 2.1.3 Nanoplatelets

      4. 2.1.4 Graphene Oxide

      5. 2.1.5 Other Product Types

    2. 2.2 By End-user Industry

      1. 2.2.1 Electronics and Telecommunication

      2. 2.2.2 Bio-medical and Healthcare

      3. 2.2.3 Energy

      4. 2.2.4 Aerospace and Defense

      5. 2.2.5 Other End-user Industries

    3. 2.3 By Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 ASEAN Countries

        6. 2.3.1.6 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Spain

        6. 2.3.3.6 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Colombia

        4. 2.3.4.4 Rest of South America

      5. 2.3.5 Middle East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle East and Africa

Graphene Market Size FAQs

The Graphene Market size is expected to reach USD 1.17 billion in 2024 and grow at a CAGR of 41.22% to reach USD 6.59 billion by 2029.

In 2024, the Graphene Market size is expected to reach USD 1.17 billion.

Graphene Market Report Snapshots

Graphene Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)