Graphene Market to Expand at A CAGR of 31.8% by 2032|Companies- Haydale Graphene Industries plc, Graphenea, ACS Material
The global graphene market was valued at USD 432.7 million in 2023 and is expected to increase from USD 570.3 million in 2024 to USD 5,193.2 million by 2032, with a compound annual growth rate (CAGR) of 31.8% during the forecast period. The U.S. graphene market is also anticipated to experience substantial growth, reaching approximately USD 401.4 million by 2030. Graphene is a carbon allotrope made up of a monolayer of atoms arranged in a 2D honeycomb lattice nanostructure. Increasing number of R&D activities for sensors made from graphene is expected to drive the market growth. With high thermal and electrical conductivity, there has been an increase in demand for the product. Fortune Business Insightsโข shares this information in its report titled "Graphene Market, 2024-2032."๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ - https://www.fortunebusinessinsights.com/enquiry/sample/graphene-market-102930
๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ
โถ Haydale Graphene Industries plc (U.K.)
โถ Graphenea (U.S.)
โถ ACS Material (U.S.)
โถ XG Sciences (U.S.)
โถ Global Graphene Group (U.S.)
โถ Applied Graphene Materials (U.K.)
โถ Grolltex Inc (U.S.)
โถ Directa Plus S.p.A (Italy)
โถ NanoXplore Inc. (Canada)
โถ Thomas Swan & Co. Ltd. (K.)
โถ First Graphene (Australia)
โถ Talga Group (Australia)
โถ Graphite Central (U.S.)
๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ
๐๐๐ ๐ญ๐จ ๐๐๐๐ ๐๐ฎ๐ ๐ญ๐จ ๐๐๐ฆ๐๐ง๐ ๐๐ซ๐จ๐ฆ ๐๐๐ซ๐จ๐ฌ๐ฉ๐๐๐ ๐๐ง๐ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฌ
On the basis of product, the market is segmented into Graphene Oxide (GO), Graphene Nanoplatelets (GNP), and others. Graphene Nanoplatelets (GNP) held the majority part in 2022 owing to increasing demand for lightweight composite materials in the aerospace and automotive industries. Several R&D activities are being performed to commercialize GNP production. Graphene Oxide (GO) is also expected to show a significant growth due to growing demand for nanotechnology in the electronics and semiconductor industries.
๐๐๐ญ ๐ ๐๐ฎ๐จ๐ญ๐- https://www.fortunebusinessinsights.com/enquiry/get-a-quote/graphene-market-102930
๐๐๐ซ๐จ๐ฌ๐ฉ๐๐๐ & ๐๐๐๐๐ง๐ฌ๐ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐๐๐๐ ๐๐ฌ ๐ญ๐ก๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐ข๐ฌ ๐๐ฌ๐๐ ๐ญ๐จ ๐๐ฆ๐ฉ๐ซ๐จ๐ฏ๐ ๐ญ๐ก๐ ๐ ๐ฎ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ๐ข๐ญ๐ฒ ๐จ๐ ๐๐จ๐๐ญ๐ข๐ง๐ ๐ฌ
Based on end-use industry, the market is segmented into electronics, aerospace & defense, automotive, energy, and others. Graphene in the aerospace industry is used to improve the functionality of coatings and composites used in planes, drones, helicopters, and spaceship manufacturing. The automotive industry also requires improvement in vehicle dimensional stability.
Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ
๐๐ซ๐จ๐ฐ๐ข๐ง๐ ๐๐๐ง๐๐ญ๐ซ๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐ญ๐ก๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ญ๐จ ๐๐ซ๐ข๐ฏ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก
Growing penetration of the product in the electronics industry is expected to drive the graphene market growth. The product is known for its high thermal and electrical conductivity and lightweight nature and it is used in electronics applications. Owing to its high mechanical resilience, it has the capability to take on higher voltages. This is likely to influence growth as industries are embracing a greater degree of electrification. It is one of the strong alternatives for indium tin oxide, which is used in touch screens of smartphones and tablet computers as a transparent conductor and electrode in OLEDs and solar cells.
However, negative environmental impact of the product is anticipated to hinder market development.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง- https://www.fortunebusinessinsights.com/graphene-market-102930
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐๐ฌ๐ข๐ ๐๐๐๐ข๐๐ข๐ ๐ญ๐จ ๐๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฎ๐ ๐ญ๐จ ๐ญ๐ก๐ ๐๐ซ๐๐ฌ๐๐ง๐๐ ๐จ๐ ๐๐๐ซ๐ ๐-๐ฌ๐๐๐ฅ๐ ๐๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐๐ง๐ ๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐๐ซ๐ฌ
Asia Pacific is also set to dominate the graphene market share during the forecast period due to favorable policies by the governments, academic research, and funding. The market was valued at USD 113.2 million in 2022 owing to the presence of large-scale manufacturers and consumers and the rise in production in various industries such as automobile, defense, marine, and aerospace.
North America is expected to have prominent growth due to high demand from aerospace and energy industries. Demand for eco-friendly, strong, efficient, and lightweight goods is also expected to drive market growth. There is increasing installation of GO in batteries and solar cells for better performance.
The Latin America market is anticipated to have a moderate growth due to demand from the automotive sectors for products such as graphene-based batteries in anti-crash systems, vehicles, tires, and more.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ซ๐ ๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ง๐ ๐ฐ๐ข๐ญ๐ก ๐๐ง๐ญ๐๐ซ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐๐ฑ๐ญ๐๐ง๐ฌ๐ข๐ฏ๐ ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐๐ญ๐ฐ๐จ๐ซ๐ค๐ฌ
The key market players are Haydale Graphene Industries plc, NanoXplore Inc., Applied Graphene Materials, Graphenea, Directa Plus S.p.A, ACS Material, XG Sciences, Global Graphene Group, Grolltex Inc, and others. These players have been competing with international and regional players with extensive distribution networks, regulatory know-how, and suppliers. In July 2021, AGM launched a series of eco-friendly GNP dispersions enable coatings, paints, and composite material for developing sustainability in their various product formulations.
๐๐๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ
๐๐ฎ๐ฅ๐ฒ ๐๐๐๐: Thomas Swan & Co. Ltd. completed a joint venture transaction with Mason Graphite Inc. to launch a new company called Black Swan Graphene (BSG) to establish a large-scale commercial production facility in Quรฉbec, Canada.
๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ-
Graphite Market- https://www.fortunebusinessinsights.com/graphite-market-105322
Nanocomposites Market- https://www.fortunebusinessinsights.com/nanocomposites-market-104041
U.S. Graphene Market- https://www.fortunebusinessinsights.com/u-s-graphene-market-108296
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