Graphene Market Analysis and Long-Term Predictions 2024 - 2031 | Graphensic AB, BGT Materials Limited

Market Overview:

The Graphene Market is estimated to be valued at USD 233.8 Mn in 2024 and is expected to reach USD 813.8 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 19.5% from 2024 to 2031.

Market Dynamics:

The global graphene market is expected to witness significant growth over the forecast period, owing to rising demand for graphene in various end-use industries such as electronics, aerospace, defense, healthcare and automotive. Graphene possesses high thermal conductivity and possesses electrical properties that make it suitable for usage in touchscreens, conductive inks, OLED screens and logic chips. Additionally, graphene is finding increasing applications as a supercapacitor material in energy storage devices due to its high surface area and electrical conductivity. These properties make it an ideal material for manufacturing batteries, fuel cells and photovoltaic cells. The increasing R&D on production of graphene at lower costs is also expected to support the market growth during the forecast period.

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Two Major Market Drivers for the Graphene Market

Increasing Application Potential in Electronics and Semiconductor Industries

Graphene has the potential to revolutionize the electronics industry due to its excellent conductivity and strength properties which make it suitable for applications such as flexible displays, printed circuit boards, conductive inks, touchscreens, solar cells, and batteries. Its high conductivity even allows transistors built using graphene to switch at terahertz speeds. Many companies are investing heavily in R&D to commercialize graphene-based devices and components for consumer electronics, data storage, 5G communications, and other applications.

One Major Market Opportunity for the Graphene Market

Growing Investment and Partnerships Driving Commercialization Progress

Given graphene's potential, investments in graphene technology and commercialization have grown significantly. Both private sector companies and governments are investing heavily in scalable production methods, application development, and partnerships. For example, the European Union invested over 1 billion Euros in the Graphene Flagship program, while the US allocated $650 million towards national networking in emerging technologies including graphene. Significant funding and collaborations between academia and industry are accelerating the progression of graphene from labs to commercial applications. This growing ecosystem offers opportunities for wider market penetration.

One Major Market Trend in the Graphene Market

Shift Towards Value-Added Application Areas

While bulk production for composites and coatings still presents challenges, focus in the graphene market has shifted towards value-added applications fully utilizing its unique properties. Rapid development is ongoing in areas like flexible/wearable electronics, batteries/energy storage, water filtration/desalination membranes, biomedical devices, and sensors. Commercial graphene products targeting niche application segments with technical advantages over alternatives have started emerging. This trend of prioritizing higher-value specialized applications suitable for early adoption will be a major market driver over the forecast period. Mass production of graphene for commodity uses will remain dependent on achieving further cost reductions but value-added segments are likely to see quicker growth.

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Top Companies Included in This Report:

• Graphensic AB
• BGT Materials Limited
• Graphenea SA
• Graphene Square Inc.
• ACS Material LLC
• Chongqing Moxi Technology Co.
• Ltd
• Grolltex Inc.
• CealTech AS
• Thomas Swan & Co. Ltd
• and XG Sciences Inc.

Market Segmentation:

Based on Product Type:

• By Product Type: Graphene Nanoflakes, Graphene Oxide, CVD (Chemical Vapour Deposition) Films, Others

Based on Applications:

• By Application: Composites, Conductive Films & Inks, Energy, Transistors, Others

Key Regions/Countries Classified as Follows:

» North America (U.S., Canada, Mexico)

» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)

» South America (Brazil, Argentina, Rest of SA)

» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

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Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.

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