The graphene market size is projected to reach US$ 8.58 billion by 2031 from US$ 1.53 billion in 2023. The market is expected to register a CAGR of 24% in 2023–2031.
Graphene is being used in many healthcare developments, such as wound-healing technology and artificial retinal vision. The National Graphene Institute, based at the University of Manchester, and the Catalan Institute of Nanoscience and Nanotechnology (ICN2) are two fundamental organizations working to explore and use the properties of graphene and related materials for usage in healthcare applications across Europe. The researchers are developing implantable devices utilizing graphene and other 2D materials for deep brain stimulation. Their primary focus is to produce neural interface devices. Graphene is used as an alternative material because its 2D structure offers low resistance and stability from passing high currents due to the uninterrupted transportation of electrons through the graphene structures, matrixes, and surfaces.
Graphene is a material composed of pure carbon, identical to graphite but with characteristics that make it incredibly light and strong. Its wide range of applications includes aerospace, automotive, coatings, additive manufacture, composites, concrete & cement, conductive ink, electrochemical, electronics, energy generation, energy storage, lubricants, magnets, and medical. Graphene is used to produce lighter and impact-resistant aircraft & helicopter structures. Due to the high electrical conductivity of graphene, it is possible to create deicing systems integrated into the wings. Further, graphene is used to manufacture building materials, such as paints and coatings. Due to its superior electrical and thermal conductivity, graphene can help produce various conductive paints. Moreover, 2D graphene materials with an sp2 carbon atom structure possess exceptional electrical conductivity and can be used in light and electric energy storage and conversion applications. Further, numerous graphene applications in biomedicine are categorized into several major areas, such as transport (delivery) systems, sensors, tissue engineering, and biological agents.
Graphene is a material consisting of carbon atoms arranged in hexagonal manner. The properties of graphene such as high thermal conductivity, electrical conductivity, elasticity, flexibility, transparency, resistance, and others broadens its scope of application in many industries. Graphene is widely used in electronics, energy storage, paints and coatings, composites and other application. Graphene is also used to enhance the performance efficiency of solar energy by adding it to solar panels. Graphene is a highly useful material without similar substitutes in the market, further leading to the consistent demand for the material over the future.
Composites are materials formed by combining two or more materials with varying properties to produce an end material with unique characteristics. Graphene composites are similarly produced that include graphene. The presence of graphene can create composites with excellent qualities and enhance the conductivity and strength of bulk materials. They enhance mechanical properties and dimensional stability and resist high temperatures, impacts, and flames. Graphene composites are widely used in medical implants, engineering materials for aerospace, building & construction, and renewables. Graphene and its derivatives can be functionalized and modified with several bioactive molecules. They can be combined with various biomaterials utilized in regenerative and reconstructive dentistry & medicine. The resultant graphene-modified composites exhibit enhanced mechanical properties and improved bioactivity.
There is increasing global demand for consumer electronics, such as tablets and mobile phones, owing to the growing purchasing power of consumers. Graphene is widely used in electronics due to its superior properties, including excellent thermal & electrical conductivity, transparency, permeability, and strength. Graphene is used in manufacturing crucial elements in electronic devices, such as microchips or transistors. Besides, it is used as a coating to enhance current touch screens for phones and tablets. It can also be used to make the circuitry for computers, making them incredibly fast. Further, graphene oxide is extensively used in various applications, including transparent conductive films for myriad smartphones, optoelectronic devices, supercapacitors, and flexible electronic devices. Also, graphene's unique properties of thinness and conductivity have led to its applications as a semiconductor.
Key segments that contributed to the derivation of the graphene market analysis are type and application.
The geographic scope of the Graphene Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
Asia Pacific has dominated the graphene market. The Asia Pacific graphene market is further segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Australia, Japan, India, China, South Korea, Singapore, Taiwan, and Indonesia have large manufacturing industries in diverse sectors, including chemical, construction, automotive, and electronics. The growing demand for graphene compounds from various end-use industries has contributed to the growth of the graphene market in the region. The advanced electronics & energy storage sectors of Japan, China, and South Korea will continue to boost graphene consumption in Asia Pacific. China will play an important role in the graphene industry in the future due to the rapid development of technologies, supportive policies and investment. For example, Tianneng battery, Xupai Power Co, and Chaowei Power Co in China launched graphene-enhanced lead-acid batteries.
The regional trends and factors influencing the Graphene Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Graphene Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 1.53 Billion |
| Market Size by 2031 | US$ 8.58 Billion |
| Global CAGR (2023 - 2031) | 24% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Graphene Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Graphene Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The graphene market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for speech and language disorders and strategies:
The “Graphene Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas: