Press release
Graphene Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Graphene
What Is the Expected Graphene Market Size During the Forecast Period?
The graphene market size has grown significantly in recent years. It will increase from $1.32 billion in 2024 to $1.62 billion in 2025, at a compound annual growth rate (CAGR) of 22.8%. This growth is driven by the increased adoption of graphene in electronics and semiconductors, the expansion of energy storage applications, its use in healthcare and biomedical sectors, the rise of graphene-enhanced composites in aerospace and automotive industries, and the development of sustainable, eco-friendly graphene-based products.
The graphene market is poised for exponential growth, reaching $3.64 billion by 2029 at a CAGR of 22.4%. Growth drivers include environmental concerns, industry collaboration, market expansion, and supply chain optimization. Trends in the market include greater adoption in electronics and semiconductors, growth in energy storage applications, healthcare and biomedical applications, the rise of graphene-enhanced composites in aerospace and automotive, and eco-friendly graphene products.
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What Are the High-Growth Segments in the Graphene Market?
The graphene market covered in this report is segmented -
1) By Product: Graphene Nanoplatelets, Graphene Oxide, Reduced Graphene Oxide, Monolayer Graphene, Bulk Graphene, Other Products
2) By Application: Paints And Coatings, Electronic Components, Composites, Batteries, Solar Panels, Other Applications
3) By End-Use: Automotive, Medical, Aerospace, Defense, Concrete Industry, Tires, Other End-Users
Subsegments:
1) By Graphene Nanoplatelets: Exfoliated Graphene Nanoplatelets, Surface-Modified Graphene Nanoplatelets
2) By Graphene Oxide: Single-Layer Graphene Oxide, Multi-Layer Graphene Oxide,
3) By Reduced Graphene Oxide: Reduced Graphene Oxide (rGO), Chemically Reduced Graphene Oxide, Thermally Reduced Graphene Oxide
4) By Monolayer Graphene: CVD (Chemical Vapor Deposition) Monolayer Graphene, Exfoliated Monolayer Graphene
5) By Bulk Graphene: Graphene Foams, Graphene Sheets, Graphene Nanostructures
6) By Other Products: Graphene Composites, Graphene-Based Films, Graphene Coatings, Graphene-Based Supercapacitors
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What Key Drivers Are Expected to Influence Future Graphene Market Growth?
The automotive industry's demand for graphene is driving the graphene market. Graphene's lightweight, high-strength properties make it ideal for improving fuel efficiency and performance in electric and traditional vehicles. It's used in batteries, structural components, and thermal management systems. According to the International Energy Agency, global EV sales surpassed 14 million in 2023-a 35% year-over-year increase-and battery output is expected to reach 9 TWh by 2030. As a result, the automotive sector is accelerating the adoption of graphene technologies.
Which Companies Hold the Largest Share Across Different Graphene Market Segments?
Major companies operating in the graphene market are NanoXplore Inc., Ningbo Morsh Technology Co. Ltd., Nanjing XFNANO Materials Tech Co. Ltd., Thomas Swan & Co. Ltd., Directa Plus S.P.A., Versarien plc, AMO GmbH, Avanzare Innovacion Tecnologica S.L., Grafoid Inc., Vorbeck Materials Corp., 2D Carbon Graphene Material Co. Ltd, ACS Material, Graphene Laboratories Inc., GRAPHENE SQUARE INC., Graphenea, Graphmatech AB, HAYDALE GRAPHENE INDUSTRIES PLC, Nanotech Energy Inc., Talga Group, Universal Matter Inc., XG Sciences, Zentek Ltd., Global Graphene Group, BGT Materials Ltd., Cheap Tubes
What Graphene Market Trends Are Gaining Traction Across Different Segments?
Leading corporations in the graphene industry are focusing on the creation of revolutionary solutions like the Graphene Research and Development Hub, aimed at promoting the advancement of graphene-based technologies in India through research, development, incubation, and commercialization. The hub acts as a unified platform for connecting graphene researchers with industry stakeholders through a network of layered materials, fostering digital and hybrid events to spur knowledge sharing and innovation. For example, in January 2024, India's first Graphene Innovation Centre and a Centre of Excellence in Intelligent IoT Sensors in Kerala were inaugurated by S. Krishnan, Secretary of the Ministry of Electronics and Information Technology, an Indian ministry affiliated with the Union Government. These centers, established in partnership with Digital University Kerala and Tata Steel, house comprehensive infrastructure for carrying out research, innovation, incubation, and testing. They play a pivotal role in catalyzing advanced materials research and IoT sensor technology within India and encouraging collaboration and skill enhancement within the industry.
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What Are the Emerging Geographies for The Graphene Market Growth?
Asia-Pacific was the largest region in the graphene market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the graphene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Graphene Market?
2. What is the CAGR expected in the Graphene Market?
3. What Are the Key Innovations Transforming the Graphene Industry?
4. Which Region Is Leading the Graphene Market?
Why This Report Matters:
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Efficient Research: Quickly identify market growth, leading players, and major segments.
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