|Market Size in 2020||Market Forecast in 2028||CAGR (in %)||Base Year|
|USD 71.0 Million||USD 785.2 Million||35.0%||2019|
The Global Graphene market size accounted for USD 71.0 Million in 2020 and is expected to reach USD 785.2 Million by 2028, growing at a CAGR of around 35.0% between 2021 and 2028.
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Graphene is a substance that contains high electronic mobility, heat resistance, and permeability. It is a good conductor of electricity and heat. This quality of graphene surges the use of its use in consumer electronics, conductive inks, composites, flexible radio frequency devices, supercapacitors, coatings, sensors, etc. It exhibits unique properties such as ultra-thinness, super strength, versatility, extremely high conductivity, and cost.
Graphene is used in various application areas such as transport, medicine, defense, electronics, energy, and desalination. This factor is anticipated to spur market growth.
The global graphene market has witnessed a slight decline in the sales for short term due to the lockdown enforcement introduced by governments in order to contain COVID spreading. The restrictions imposed by various nations to contain COVID had stopped production resulting in disruption across the whole supply chain. However, the global markets are slowly opening to their full potential and theirs a surge in demand. The market would remain bullish in the upcoming year. The significant decrease in the global graphene market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.
The global graphene market is expected to witness a significant growth rate in the forecast period, primarily owing to the demand from the electronic and automobile industry in emerging economies. The automobile and electronic industry in developing countries such as India and China is expected to grow at a significant rate during the forecast period. Government policy and funding to R&D play a vital role in the development of the graphene industry. However, stringent rules and regulations related to health issues are expected to hinder the growth of the market.
Moreover, graphene is replacing the silicon chip in semiconductors, and graphene use in water filtration and desalination will be an opportunity for new growth in the industry.
|Report Attributes||Report Details|
|Report Name||Graphene Market Research Report|
|Market Size in 2020||USD 71.0 Million|
|Market Forecast in 2028||USD 785.2 Million|
|Compound Annual Growth Rate||CAGR of 35.0%|
|Number of Pages||110|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Key Companies Covered||Grafoid Inc., Samsung Electronics Co. Ltd., IBM Corporation, Graphene Laboratories Inc., Graphene Square, Graphenea S.A., Graphene Frontiers, SanDisk Corporation Skeleton Technologies, and Galaxy Microsystems, Ltd. among others.|
|Segments Covered||By Products, By Applications, And By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)|
|Countries Covered||North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
|Historical Year||2016 to 2020|
|Forecast Year||2022 - 2030|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
Based on applications, the global graphene market has been segmented into the composite, electronic, energy storage, transport, healthcare, and textile industry. Electronic accounted for the largest market share in 2016, owing to the extensive demand from various end-user industries such as automobile, energy, and composite, etc, storage medical implants; improve sports equipment.
Some of the major players in the global graphene market include
The global Graphene Market was valued at USD 71.0 Million in 2020.
The global Graphene Market is expected to reach USD 785.2 Million by 2028, growing at a CAGR of 35.0% between 2021 to 2028.
Some of the key factors driving the global Graphene Market growth are the demand from the electronic and automobile industry in the emerging economies and the development of automobile and electronic industry in developing countries such as India and China.
North America was the leading market of graphene in 2020. It accounted for more than 35% share of the total market in 2020. Furthermore, it is predicted to exhibit the great potential to surge the demand for graphene. Moreover, Asia Pacific is predicted to be the fastest growing market within the forecast period. In Asia Pacific, China was the largest producer of graphene due to the presence of abundant reserves in China.
Some of the major players of global graphene market are Grafoid, Inc., BASF SE, Toray Industries Inc, Braskem, Natureworks LLC, E.I. du Pont de Nemours, and Company, Corbion NV, Dow Graphene Oxidestics, Solvay SA, Evonik Industries, Novamont SPA among others.
Graphene is a substance that only exists in two dimensions and is made up of a single sheet of carbon atoms that are organized in a hexagonal lattice. It has a thickness of just one atom and is the strongest material that has ever been tested, with a breaking strength that is approximately 200 times greater than that steel.
This makes it the thinnest substance that has ever been identified. Because of its one-of-a-kind electrical, mechanical, and optical capabilities, graphene is an intriguing candidate for use in a diverse array of industries and fields, such as biomedicine, electronics, energy storage, and sensor technology. Because of its high surface area, high electrical conductivity, and high thermal conductivity, it is an attractive candidate for usage as a component in energy storage devices such as batteries, supercapacitors, and other similar products.
Its high sensitivity to changes in its environment makes it a promising material for use in sensors, and its excellent mechanical strength and flexibility make it a potential material for use in flexible electronics. In addition, its excellent mechanical strength and flexibility make it a potential material for use in flexible electronics.