Graphene Market Trends

Statistics for the 2023 & 2024 Graphene market trends, created by Mordor Intelligence™ Industry Reports. Graphene trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Graphene Industry

Electronics and Telecommunication Segment to Dominate the Market

  • Graphene and its derivatives are extensively used in the electronics and telecommunications industry. This sector harnesses graphene for a myriad of applications, such as unbreakable touchscreens, transistors, enhanced lithium-ion batteries, optical electronics, printed electronics, and conductive inks.
  • Graphene has several useful properties, including high mechanical strength, electron mobility, and superior thermal conductivity.
  • The electronics industry stands as one of the largest and fastest-growing sectors globally. In the digital age, electronic devices play a pivotal role. The demand for these gadgets is set to surge, solidifying their status as a key economic driver globally.
  • Inorder to meet the growing demand, various companies have invested in the setting up electronic manufacturing plants in recent times. Some of the notable investments include:
    • In August 2023, in a strategic move, Taiwanese chip giant TSMC pledged USD 3.8 billion for its inaugural European factory, to be based in Germany. This investment follows significant support from the state, with the USD 11 billion facility corresponding to Europe's initiative to localize its supply chains.
    • In June 2024, STMicroelectronics NV announced its intention to invest EUR 5 billion (USD 5.4 billion) in a chip manufacturing and packaging facility in Catania, Italy. This multi-year project is receiving partial funding from the European Union’s Chips Act. The Italian government is set to provide STMicro with EUR 2 billion in subsidies.
  • Furthermore, various governments have started various initiatives inorder to develop the electronic product manufacturing. For instance, In May 2024, ​The UK government unveiled plans to establish the UK Semiconductor Institute. Designed as a central hub for researchers, academics, and both public and private entities, this independent institute will play a pivotal role in executing the government's ambitious national strategy.
  • All such factors are expected to drive the consumption of graphene in the electronics and telecommunication industry.
Graphene Market - Consumer Electronics Production, Value in USD Million, Global, 2019-2023

Asia Pacific to Dominate the Market

  • Asia-Pacific leads the graphene market, driven by swift industrialization and a surge in graphene-based application patents. As a result, graphene oxide is set for significant growth.
  • China has one of the world’s largest electronics production bases and offers tough competition to the existing upstream producers, such as South Korea, Singapore, and Taiwan. Electronic products, such as smartphones, OLED TVs, and tablets, have the highest growth rates in the consumer electronics segment of the market in terms of demand. 
  • In the electronics industry, the usage of graphene has been growing at a rapid pace owing to its various technological advantages. Some of the notable investments in recent times include: 
    • In January 2024, researchers from China and the United States jointly created a new type of stable semiconductor graphene, which performs ten times higher than silicon and 20 times larger than the other two-dimensional semiconductors.
  • The Medical device manufacturing and healthcare industry is another major consumer of graphene in recent times. There has been growing investments in the medical device production in recent times. For instance: 
    • In May 2024, Omron Healthcare, a Japanese company, announced that it would establish a medical device manufacturing plant in Tamil Nadu, India for USD15.5 million
    • In July 2023, the Shenzen Institute of Advanced Technology commenced mass production of its newly developed magnetic resonance imaging (MRI) technology.
  • All these factors are expected to drive the demand of graphene in the Asia-Pacific region. 
Graphene Market, Growth Rate, by Region, 2024-2029

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