Press release
Graphene Market Size is Projected to Reach USD 2,155 million, Grow at a CAGR of 15.7%, Global Growth, Recent Trends, Business Strategies and Forecast to 2029
Graphene Market Overview:Graphene is used as an additive in composites to enhance mechanical properties, including electrical and thermal conductivity, durability, flexibility, stiffness, weight reduction, and fire resistance. Graphene can also reduce interlaminar shear failure and eliminate microcracking issues within the composite laminate. Thus, the rising demand for graphene composites in end-use industries is driving the market.
The global Graphene market size is projected to grow from USD 580 million in 2020 to USD 2,155 million by 2029; it is expected to register a CAGR 15.7% during the forecast period 2022-2029.
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Graphene Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are ACS Material LLC, Angstron Materials Inc., CVD Equipment Corporation, Grafoid Inc., G6 Materials Corp., Graphene NanoChem PLC, Graphenea S.A., Haydale Graphene Industries Plc, and Others
Recent Development
On Nov 2021, Graphene Manufacturing Group Ltd GMG has announced a partnership agreement with Robert Bosch Australia Pty Ltd (BOSCH) to develop and build a graphene aluminumm-ion battery (G+AI battery) production unit.
In July 2021, Mason Graphite Inc. has signed an agreement with Black Swan Graphene, to purchase strategic assets related to a patented graphene processing technology from Thomas Swan & Co. Limited, thereby, is likely to enhance the company's graphene businees.
In October 2020, The Sixth Element (Changzhou) Materials Technology Co.,Ltd has announced to invest USD 58 million to expand its Nantong Graphene plant. Moreover, by 2022, the annual production capacity of the Nantong site is likely to reach around 1,500 tons of graphene oxide and 450 tons of graphene. Earlier, in May 2020, the company had completed the first stages of the expansion, which had added around 150 tons per annum of Graphene and 500 tons per annum of graphene oxide to its production capacity. Such expansion is likely to enhance the company's graphene business, in the coming years.
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Graphene Market Segmentation:
Graphene Market by Product Type, 2020-2029, (In USD Million), (Kilotons)
Bulk Graphene
Monolayer Graphene
Graphene Market by Application, 2020-2029, (In USD Million), (Kilotons)
Composites
Paints, Coatings, And Inks
Energy Storage & Harvesting
Electronics
Catalyst
Tires
Others
Growth Factors:
Increasing demand from the Graphene industries
The growing use of Graphene in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Graphene Market
Graphene Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Key Graphene Market Trends
- The report identifies, determines, and forecasts the Global Graphene Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Graphene Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Graphene Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Graphene Market.
Frequently Asked Questions
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