Market Size of Graphene Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 0.79 Billion |
| Market Size (2029) | USD 4.84 Billion |
| CAGR (2024 - 2029) | 43.64 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Graphene Market Analysis
The Graphene Market size is estimated at USD 0.79 billion in 2024, and is expected to reach USD 4.84 billion by 2029, growing at a CAGR of 43.64% during the forecast period (2024-2029).
COVID-19 negatively impacted the market in 2020 and 2021. The resumption of operations in major end-user industries significantly recovered in 2022.
- Over the medium term, graphene aiding the aerospace industry and rising demand for printed electronics are expected to drive the market.
- However, the drawbacks associated with graphene hinder the market's growth.
- The development of graphene nanodevices for DNA sequencing and the adoption of graphene into photodetectors are expected to act as opportunities for the market studied.
- The Asia-Pacific region has the highest market share and is expected to dominate the graphene market during the forecast period.
Graphene Industry Segmentation
Graphene is the first 2D carbon substance found in the world. It has a wide variety of applications. It is fire-resistant, an excellent conductor, highly flexible, and 200 times stronger than steel. It is also an excellent catalyst due to its wide surface area and adsorption power. 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 for graphene in 17 countries across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD).
| Product Type | |
| Graphene Sheets and Films | |
| Nanoribbons | |
| Nanoplatelets | |
| Graphene Oxide | |
| Other Product Types |
| End-user Industry | |
| Electronics and Telecommunication | |
| Bio-medical and Healthcare | |
| Energy | |
| Aerospace and Defense | |
| Other End-user Industries |
| Geography | ||||||||
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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.
Graphene Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Graphene Aiding the Aerospace Industry
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1.1.2 Rising Demand for Printed Electronics
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1.2 Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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1.5 Price Trends
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1.6 Technological Landscape - Quick Snapshot
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1.7 Production Analysis
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 Product Type
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2.1.1 Graphene Sheets and Films
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2.1.2 Nanoribbons
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2.1.3 Nanoplatelets
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2.1.4 Graphene Oxide
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2.1.5 Other Product Types
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2.2 End-user Industry
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2.2.1 Electronics and Telecommunication
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2.2.2 Bio-medical and Healthcare
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2.2.3 Energy
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2.2.4 Aerospace and Defense
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2.2.5 Other End-user Industries
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 ASEAN Countries
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2.3.1.6 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Spain
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2.3.3.6 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle East and Africa
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Graphene Market Size FAQs
How big is the Graphene Market?
The Graphene Market size is expected to reach USD 0.79 billion in 2024 and grow at a CAGR of 43.64% to reach USD 4.84 billion by 2029.
What is the current Graphene Market size?
In 2024, the Graphene Market size is expected to reach USD 0.79 billion.
