According to a recent market study published by Growth Market Reports, titled, "Global Graphene Market, by Form (Flake, Powder, and Paste), Type (Natural and Synthetic), Product Type (Monolayer Graphene, Multi-layer Graphene, and Others), End-use Industry (Electrical & Electronics, Wastewater Treatment, Automotive, Energy & Power, Aerospace & Defense, Pharmaceutical, and Others), Distribution Channel (Manufacturers and Wholesalers/Distributors), and Region (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa (MEA)): Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at USD 98.4 million in 2022 and is projected to expand at a growth rate of 38.9% by 2031.

As per Growth Market Reports industry analyst, Swati Muthe, the global graphene market is anticipated to register significant growth during the forecast period, 2023-2031. Graphene is a one-atom-thick layer of carbon atoms arranged in a hexagonal lattice. Graphene stands out for being tough, flexible, light, and with a high resistance. This material is 200 times more resistant than steel and five times lighter than aluminum. It has high thermal and electrical conductivity, elasticity, toughness, lightness, and resistance, making it suitable for applications in electrical & electronics, wastewater treatment, automotive, energy & power, aerospace & defense, and pharmaceutical industries.

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The primary and secondary research methodologies are used for keen observation and study of the graphene. The primary research methodology involves municipal agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews were conducted with the stakeholders across industry verticals at regular intervals in line with the ongoing studies and to be updated with the latest market trends & developments. Validation of the estimated market size and current & future trends are done by the key opinion leaders (KOLs). These KOLs are the CXO level people from key companies in the industry and possess experience of around 10-20 years in the industry. The secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights, and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports, and investor presentations are scanned to understand the competitive scenario, details & developments, and the overall competitive landscape. Regional government and statistical databases were analyzed for macro & microanalysis. Research publications and paid data are referred to obtain and validate the market estimations, budget, expenditure, and other statistical insights.

The outbreak of Coronavirus disease in 2019 (COVID-19) restrained the global economy, created global interdependence, and challenged the governments of various nations. The pandemic raised concerns among economies and businesses by shifting focus toward the online supply of consumer electronic gadgets and automotive components, creating manufacturing issues.

In January 2020, the WHO labeled the COVID-19 outbreak as a public health emergency of global concern, and in March 2020, it proclaimed this disease as a global pandemic. This deadly virus has become one of the major pandemics in human history. The COVID-19 outbreak is a public health emergency that affected almost every industry. The long-term effects of the pandemic are expected to affect the growth of various industries during the forecast period, especially across Eastern Europe, European Union, the US, and Eastern & Central Asia.

As of February 11, 2023, around 774,631,444 confirmed cases of COVID-19 were reported, and over 7,031,216 people have died from the disease. COVID-19 cases have been registered in more than 231 countries and territories. Many countries are economically weak, while others have poor healthcare systems that affect the economy and lives of people.

Key Takeaways from the Study:

  • Key players in the market include First Graphene; Global Graphene Group; NanoXplore Inc; Grafoid Inc; ACS Material; Talga Group; The Sixth Element (Changzhou) Materials Technology Co.,Ltd; and Modern Synthesis Technology.

  • Based on form, the flake segment held a major market share in 2022 and is projected to register a significant growth rate during the forecast period. Graphene flakes, one of the most popular forms of graphene, are used in many applications, such as conductive inks, nanofluids, supercapacitors, and composites. Synthesis of graphene flakes is a path to reach large-scale production, even if the cost of production and efficiency are required to be further improved.

  • On the basis of type, the synthetic segment held a large share of the market in 2022 and is expected to expand at a significant pace during the forecast period. Synthetic graphene refers to a variety of techniques for producing graphene synthetically, as opposed to naturally occurring graphite. The ways of extracting graphene from graphite result in reduced production costs and more control over the properties of the material as compared to conventional techniques. The graphene market is anticipated to expand due to the increasing demand for synthetic graphene owing to its numerous uses and reduced production costs.

  • Based on the product type, the monolayer graphene segment held a key share of the market in 2022 and is projected to expand at a significant CAGR during the forecast period. A flat, one-atom-thick sheet of sp2 carbon atoms densely packed in a honeycomb crystal structure, which is referred to as monolayer graphene. Applications of monolayer graphene include solar energy, supercapacitors, conductive graphene film, graphene computer memory, graphene optoelectronics, plasmonics, and nanophotonics. The rising adoption of monolayer graphene in numerous industries is expected to boost the segment during the forecast period.

  • Based on the end-use industry, the electrical & electronics segment held a key share of the market in 2022 and is projected to expand at a significant CAGR during the forecast period. Graphene is heavily used in batteries, capacitors, solar cells, computers, microchips, cellphones, laptops, and other electrical and electronic goods, due to its exceptional properties such as electrical and thermal conductivity, lightweight structure, and mechanical durability that enables it to tolerate high voltages. It replaces silicon and carbon nanotubes in several applications due to its beneficial properties, making it a vital component in the electronics industry.

  • Based on the distribution channel, the manufacturers segment held XX% market share in 2022 and is expected to hold XX% in 2031. The direct distribution channel of graphene does not use any intermediaries. Manufacturers sell products directly to the end consumers.

  • On the basis of region, Asia Pacific is expected to hold a significant market share during the forecast period due to the increasing demand for graphene from end-use industries, such as electrical & electronics, wastewater treatment, automotive, energy & power, aerospace & defense, and pharmaceutical, in countries such as China, India, South Korea, Japan, and Southeast Asia.

Report Scope:

Report Metric

Details

Market Value in 2022

USD 98.4 Million

Market Growth Rate (from 2023 to 2031)

38.9%

Historical Data

2016 & 2021

Base Year

2022

Forecast Period

2023 – 2031

Units Considered

Value (USD Million)

Market Segments

Form (Flake, Powder, and Paste), Type (Natural and Synthetic), Product Type (Monolayer Graphene, Multi-Layer Graphene, and Others), End-use Industry (Electrical & Electronics, Wastewater Treatment, Automotive, Energy & Power, Aerospace & Defense, Pharmaceutical, and Others), Distribution Channel (Manufacturers, Wholesalers/ Distributors), and Region (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa (MEA))

Key Companies Profiled

First Graphene; Global Graphene Group; NanoXplore Inc; Grafoid Inc; ACS Material; Talga Group; The Sixth Element (Changzhou) Materials Technology Co.,Ltd; and Modern Synthesis Technology

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: Raw material suppliers and Manufacturers

  • Demand Side: graphene manufacturing companies

  • Regulatory Side: Concerned government authorities and other regulatory bodies