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Graphene Market Size to Register a Robust CAGR of 24% in 2023-2031 Driven by Rising Demand for Graphene Composites

is divided into monolayer and bilayer, graphene nano-platelets, graphene oxide, and others. The monolayer and bilayer segment held the largest market share in 2023.By application, the market is segmented into composites, functional inks, paints & coatings, energy storage, electronics, polymer additives, RFID, and others. The electronics segment held the largest share of the market in 2023.The graphene market is segmented into five major regions: North America, Europe, APAC, Middle East and Africa, and South and Central America.

Competitive Strategy and Development

Key Players: A few major companies operating in the graphene market are The Sixth Element (Changzhou) Materials Technology Co., Ltd.; Global Graphene Group; NanoXplore Inc.; Graphenea; Directa Plus S.p.A.; AVANZARE INNOVACION TECNOLOGICA S.L.; Thomas Swan and Co. Ltd.; Perpetuus Advanced Materials PLC; 2D Carbon Graphene Material Co., Ltd.; and HAYDALE GRAPHENE INDUSTRIES PLC. These players engage in collaborations, acquisitions, expansions, and other strategic investments to strengthen their market position.Trending Topics: Growing demand for graphene in advanced coatings and protection and increasing adoption in energy storage are emerging trends in the global graphene market.

Global Headlines on Graphene

Commercial launch of Edge-Oxidized GrapheneContinued expansion into China and Vietnam with new distribution agreementsTC Microchips announces on the brink of graphene-based chip breakthrough

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Conclusion

The graphene market is driven by factors such as a wide range of applications in various end-use industries. These industries include aerospace, automotive, coatings, additive manufacture, composites, concrete & cement, conductive ink, electrochemical, electronics, energy generation, energy storage, lubricants, magnets, and medical. Graphene is used to produce lighter and impact-resistant aircraft & helicopter structures. Due to the high electrical conductivity of graphene, it is possible to create deicing systems integrated into wings. Further, graphene is used to manufacture building materials, such as paints and coatings. Due to its superior electrical and thermal conductivity, graphene can help produce various conductive paints. Moreover, 2D graphene materials with an sp2 carbon atom structure possess exceptional electrical conductivity and can be used in light and electric energy storage and conversion applications. Further, graphene applications in biomedicine are categorized into several major areas, such as transport (delivery) systems, sensors, tissue engineering, and biological agents.

Increased use of graphene in energy storage applications is an emerging trend in the market. Graphene-based nanomaterials have many promising applications in energy-related areas. Graphene improves energy capacity and charge rate in rechargeable batteries. In pharmaceutical nanotechnology, graphene-based materials have recently received more attention due to their unique chemical structure and physicochemical properties. Many research projects focus on developing applications for graphene and scale-up manufacturing processes and methods. In addition, a growing number of businesses are investing in graphene application-focused developments.

The report from The Insight Partners provides several stakeholders—including raw material manufacturers, graphene manufacturers, distributors/suppliers, end-use industries, and others—with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities.

Related Report Titles:

Graphene Composites Market Outlook, Geography, Dynamics, and Strategic Insights by 2031Graphite Market Challenges, Key Vendors, Drivers, Trends and Forecast by 2031Expanded Graphite Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity AnalysisGraphene Nanoplatelets Market Statistics, Trends, Size, Share, Analysis, Key Players by 2031

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