Research&Technology
The report “Graphene Market by Type (Bulk Graphene and Monolayer Graphene), Source, Application, End-use Industry (Automotive & Transportation, Aerospace & Defense, Electronics, and Construction) and Region – Global Forecast to 2029″, size is expected to reach USD 2.94 billion by 2029 from USD 1.00 billion in 2024, at a CAGR of 24.0% from 2024 to 2029.
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- 358 Market data Tables
- 57 Figures
- 295 Pages and in-depth TOC on “Graphene Market – Global Forecast to 2029”
Some of the prominent key players are:
- Graphenea S.A (Spain)
- First Graphene (Australia)
- NanoXplore Inc. (Canada)
- Avanzare Innovacion Technologica S.L. (Spain)
- Global Graphene Group (US)
- Directa Plus S.P.A (Italy)
- Haydale Graphene Industries Plc (UK)
- ACS Material (US)
- The Sixth Element (Changzhou) Materials Technology Co. Ltd. (China)
- Xiamen Knano Graphene Technology Co., Ltd. (China)
- Universal Matter, Inc. (Canada)
Driver: Growing demand in key end-use industries
The rapid growth in demand of graphene from key end-use industries significantly drives the graphene market due to numerous interrelated factors. The increasing adoption of graphene in the automotive industry is due to the strength to weight ratio of graphene, which enhances fuel efficiency and performance. Moreover, expanding global automotive production, especially of electric vehicles, leads to growing demand of graphene. Graphene is critical in improving battery performance and reducing overall vehicle weight, which makes it is a crucial material for automotive manufacturers that are aiming to meet stringent emission regulations and consumer preferences for eco-friendly automotives.
Bulk Graphene segment is expected to grow with highest CAGR in the Graphene Market during the forecasted period.
The Graphene Market is segmented based on type into Bulk Graphene and Monolayer Graphene. The increasing popularity of bulk graphene on the market may be attributed to a number of interconnected reasons, mostly due to its properties and the expanding areas of its usage within different sectors.
Bulk graphene can find many applications due to its unique properties such as a high strength to weight ratio that allows it to be used in lightweight applications that contain high strength materials. This is significant in sectors such as aerospace and automotive where such features can help in the optimization of fuel efficiency and performance.
Bulk graphene has excellent electrical and thermal conductivity; therefore, it can be used in batteries, sensors, conductive coatings and a variety of other electronic applications.
It is also gaining traction as a filler material in composite systems. It may improve mechanical properties like tensile strength and impact resistance, while enabling the use of lighter formulations. This is provoking its use in several industries that make use of high-tech composite materials such as construction, automotive and aerospace industries.
Asia Pacific region is expected to registered highest CAGR both in terms of value and volume during forecasted period
The Graphene Market has been studied in North America, Europe, Asia Pacific, South America and Middle East and Africa.
The Asia Pacific Graphene Market is experiencing explosive growth, due to strong demand of graphene and graphene-based materials in various end-use industries. Advancements in technologies, rapid urbanization, growing investments, and government initiatives is driving the demand for graphene in electronics, aerospace & defense, and automotive & transportation end-use industries in this region. Countries like China, Japan, and India are witnessing significant growth in these industries. Governments in the region, especially China, are implementing policies that encourage investment in advanced materials like graphene. These policies include research funding as well as incentives for companies that use graphene-based materials in end-use industries.
