Graphene Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2022-2027

Report Code: CMR 84809 Report Format: PDF + Excel

Graphene Market Overview

The graphene market size is estimated to reach US$1.5 billion by 2027 after growing at a CAGR of around 21.0% from 2022 to 2027. The graphene is an allotrope of carbon, like fullerenes and consists of single layer atoms and has same type of bonding as seen in carbon nanotubes. It has various applications in polymer additives, electronic batteries, composites, RFID, and others. The graphene-based polymer composites are used for medical implant developments, biosensors, and others. Furthermore, the graphene industry is experiencing major drive due to growing usage for batteries, which is used in electric vehicles and various electronic sectors. The high demand for graphene in various industries such as automotive, electronics, aerospace, and others owing to excellent properties such as fire resistance, high electrical conductivity, lightness, and stable power absorption will propel growth during the forecast period.

COVID-19 Impact

The COVID-19 pandemic has negatively impacted and hampered the growth in the graphene market. The graphene has a wide range of applications in electronics, aerospace, and other sectors. The worldwide disruptions such as logistics disturbances, supply and demand gap, and manufacturing halt will affect the growth in the market. Moreover, the electronics industry experienced major impact and delays due to lockdown restrictions and disruptions across the globe during covid-19 outbreak. The logistics slowdown and halted productions led to major decline in the electronics industry. The unavailability of workforce and raw materials created delay in manufacturing. Furthermore, various electronic manufacturers temporarily stopped the productions in covid-19 due to disturbed supply chain and difficulties in distribution channels. According to the UN reports, the sales of electronic items and electrical equipment saw a 30% fall in low-income nations, and around 5% decline in high-income nations during first three quarters of 2020. The decline in electronics sector led to fall in the applications for graphene such as batteries, electronic composites, and others. Thus, the demand for graphene industry experienced a major fall during the covid-19.

Report Coverage

The report: “Graphene Market Report – Forecast (2022-2027)” by IndustryARC covers an in-depth analysis of the following segments of the graphene market and provides graphene industry outlook.

By Type: Graphene Oxide, Graphene Nanoplatelets, Graphene Sheets and Films, Monolayer Graphene, Few layer Graphene, Multi-layer Graphene, and Others.
By Fabrication Method: Liquid Phase and Thermal Exfoliation, Chemical Vapor Deposition, Silicon Carbide Synthesis, and Others.
By Application: Composites, Sensors, Batteries, RFID, Energy Storage, Coatings, Polymer Additive, and Others.
By End Use Industry: Electronics (Electronic Components, Printed Electronics, Optical Electronics, and Others), Automotive (Passenger Vehicles, Electric Vehicles, and Commercial Vehicles), Aerospace (Aircrafts, Drones Manufacturing, and Others), Healthcare (Biomedical Devices, Wearable Healthcare Monitoring, and Others), and Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa).

Key Takeaways

  • The global graphene market size will increase due to rising demand for various end-use industries such as automotive, electronics, aerospace, and others due to its superior properties such as high electrical and thermal conductivity, lightness, and others.
  • The Asia Pacific region dominates the global graphene market due to high growth opportunities from electric vehicles and demand for aerospace, automotive, and electronic industrial base.
  • The demand for graphene nanoplatelets will grow due to increasing application in composites, electronics, power storage, and others during the forecast period.

Figure: Graphene Market Revenue, 2021-2027 (US$ Billions)

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Graphene Market Segment Analysis – By Type

By type, the graphene nanoplatelets segment is expected to grow by over 22.7% during the forecast period. The high demand for the nanoplatelets is influenced by its increasing application in the market. It offers superior properties such as thermal and electrical conductivity, stiffness, and others for applications majorly in the electronics industry. Moreover, the rising adoption of graphene nanoplatelets in the battery electrodes, thermal management system, conductive inks, and others is propelling the demand in the graphene market. Furthermore, opportunities for graphene nanoplatelets to replace the carbon nanotubes, carbon fiber, and others in the electronic composites will offer major growth opportunities in the market. Thus, with increasing demand for graphene nanoplatelets in various end-use industries, majorly electronics, the global graphene market will grow in the coming years. 

Graphene Market Segment Analysis – By Application

By application, the batteries segment is expected to account for the largest graphene market share in 2021 and is expected to grow by around 19.6% during the forecast period. The demand for graphene is high for electronic applications, majorly the batteries, which is influenced by growing demand for light and high capacity batteries in electronics and automotive sector. The graphene nanocomposites offer high conductivity and high surface area, which is ideal for lithium-ion batteries demanding high energy and storage capacities, good stability, and longer span. The batteries are used in the electric vehicles, cranes, and various electronic devices such as smartphones, tablets, electronic wearable, and others. The graphene anode is incorporated in the lithium-ion batteries to offer high energy storage as well as better charge rate and longevity. According to the U.S. Energy Information Administration (EIA), around 163 large-scale batteries storage system was operating in the U.S in 2019, showing an increase of 28% compared to previous year. Thus, with growing application demand for batteries in various end-use industries, majorly for the electronics, the graphene market will experience major growth during the forecast period. 

Graphene Market Segment Analysis – By End-Use Industry

By end-use industry, the electronics segment holds the largest graphene market share of 25% in 2021. The high demand of graphene in the electronics segment is influenced by its superior properties such as electrical conductivity, thermal conductivity, lightness, and others. The graphene is used in batteries, touch screens, optical electronics, conductive inks, and others. The graphene-based photonic crystals are used in optoelectronics devices. The increasing applications for graphene in electronic devices, electric vehicles, semiconductors, and others have led to major growth opportunities for the graphene industry. Furthermore, the development of the graphene powered EMI shielding provides EMI/RFI protection and prevents internal RFI/EMI leaks. According to the Retailers Association of India (RAI), the electronics appliances and consumer electronics sales rose by 23.5% in the Q3 of year 2021, compared to the same period in the previous year. Thus, with growing demand of graphene for various electronic applications, the global graphene market will grow massively during the forecast period. 

Graphene Market Segment Analysis – By Geography

By Geography, the Asia Pacific segment is the fastest-growing region in the graphene market for the year 2021 and will grow by over 29% during the forecast period. There is a growth in applications for graphene in electric vehicles, consumer electronics, aerospace, and others in this region. The Asia Pacific region is the largest producers of electronic goods, which tends to boost the demand of graphene for various electronic devices, electric vehicle batteries, and others. According to the Japan Electronics and Information Technology Association (JEITA), the production for the electronics sector in Japan accounted to USD 95,319 million for the year 2021. Thus, with high demand for graphene, including graphene-based polymer composites, optical electronics, consumer electronics, wearable, and others, and flourishing end-use industries such as automotive, aerospace, and others, the graphene industry will grow during the forecast period.

Graphene Market Drivers

Increasing demand in automotive

The application demand of graphene in the automotive sector such as graphene-based batteries in vehicles, tires, anti-breaking systems, and others is increasing due to its superior properties such as thermal conductivity, electrical conductivity, tensile strength, and lightness. The graphene oxide based films are used in automotive to make them lighter and safe. The wide range of application of graphene in the automotive components will boost its growth and thereby drive the market. The graphene based polymer composites are used in automotive to offer lightweight, safety, and fuel efficiency. According to the International Organization of Motor Vehicles Manufacturers (OICA), the production for motor vehicles was 92,175,805 units for the year 2019. The growing automotive sector is propelling the growth for graphene applications, thereby adding to the graphene market size and growth in the coming years. 

Growing application demand in aerospace and defense sector

There is an increase in the demand for the graphene in the aerospace and defense industry due to its wide range of applications in aircraft, helicopters, spaceships, and others. The graphene provides excellent benefits such as high strength, low-density, low electrical conductivity, and others in the aircraft body, thereby boosting the growth opportunities. According to the India Brand Equity Foundation (IBEF), the aerospace sector in India is expected to reach around USD 70 billion worth by the year 2030. The graphene provides strength, lightweight, flexibility, and durability in the aerospace sector. Furthermore, the usage of graphene in drones manufacturing is offering major growth in the market. The graphene or fullerene material coatings in aircraft or drones make it light for transportation of loads and ensure strength. Thus, it adds to the graphene market size by providing various applications and growth opportunities.

Graphene Market Challenges

Hazardous environment impacts and standardization issues

The graphene oxide (GO) nanoparticles have shown various environmental threats and impacts, when released in lakes or streams from the industries as waste. The production for GO is increasing, which also increases the wastage in the environment. It can lead to toxic health effects for humans and environment. Furthermore, the standardization issue in the graphene industry is another challenge as various manufacturers produce different graphene types, which create confusions and diversification in the market. Furthermore, the International Organization for Standardization (ISO) published ISO/TR 19733:2019 offers guidelines for the measurement techniques and matrix properties for the graphene and other 2-D materials to reduce the lack of standardization in graphene productions. Thus, with harmful environment effects and lack of standardization in production, the graphene market will see major growth challenges.

Global Graphene Industry Outlook

The global graphene top 10 companies include:

  1. XG Sciences, Inc
  2. Global Graphene Group
  3. Morsh
  4. Perpetuus Advanced Materials PLC
  5. NanoXplore Inc.
  6. Graphenea SA
  7. Avanzare Innovacion Tecnologica S.L.
  8. Ningbo Morsh Technology Co., Ltd. 
  9. Directa Plus S.p.A.
  10. Changzhou Sixth Element Materials Technology Co., Ltd.

Recent Developments

  • In November 2021, the Graphene Manufacturing Group Ltd made an announcement regarding partnership with the BOSCH. This agreement was made to offer development in the graphene aluminum-ion battery productions.
  • In October 2020, The Sixth Element Materials Technology Co. Ltd, made an announcement of investment of USD 58 million for expanding the Nantong Graphene plant. This will boost the graphene business and growth of the company.
  • In October 2019, the XG Sciences and Terrafilum made an announcement of joint development agreement for the production of coatings and 3D printing filaments using graphene-based materials.

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1. Graphene Market- Market Overview
    1.1 Definitions and Scope
2. Graphene Market - Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Fabrication Method
    2.3 Key Trends by Application
    2.4 Key Trends by End Use Industry
    2.5 Key Trends by Geography
3. Graphene Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Graphene Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Graphene Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Graphene Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Graphene Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Graphene Market – By Type (Market Size -$Million/Billion)
    8.1 Graphene Oxide
    8.2 Graphene Nanoplatelets
    8.3 Graphene Sheets and Films
    8.4 Monolayer Graphene
    8.5 Few layer Graphene
    8.6 Multi-layer Graphene
    8.7 Others
9. Graphene Market – By Fabrication Method (Market Size -$Million/Billion)
    9.1 Liquid Phase and Thermal Exfoliation
    9.2 Chemical Vapor Deposition
    9.3 Silicon Carbide Synthesis
    9.4 Others
10. Graphene Market – By Application (Market Size -$Million/Billion)
    10.2 Sensors
    10.3 RFID
    10.4 Energy Storage
    10.5 Coatings
    10.6 Polymer Additive
    10.6 Others
11. Graphene Market – By End Use Industry (Market Size -$Million/Billion)
    11.1 Electronics
        11.1.1 Electronic Components
        11.1.2 Printed Electronics
        11.1.3 Optical Electronics
        11.1.4 Others
    11.2 Automotive
        11.2.1 Passenger Vehicles
        11.2.2 Electric Vehicles
        11.2.3 Commercial Vehicles
    11.3 Aerospace
        11.3.1 Aircrafts
        11.3.2 Drones Manufacturing
        11.3.3 Others
    11.4 Healthcare
        11.4.1 Biomedical Devices
        11.4.2 Wearable Healthcare Monitoring
12. Graphene Market - By Geography (Market Size -$Million/Billion)
    12.1 North America
        12.1.1 USA
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Netherlands
        12.2.6 Spain
        12.2.7 Russia
        12.2.8 Belgium
        12.2.9 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 India
        12.3.4 South Korea
        12.3.5 Australia and New Zeeland
        12.3.6 Indonesia
        12.3.7 Taiwan
        12.3.8 Malaysia
        12.3.9 Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Colombia
        12.4.4 Chile
        12.4.5 Rest of South America
    12.5 Rest of the World
        12.5.1 Middle East
   Saudi Arabia
   Rest of the Middle East
        12.5.2 Africa
   South Africa
   Rest of Africa
13. Graphene Market – Entropy
    13.1New Product Launches
    13.2 M&As, Collaborations, JVs and Partnerships
14. Graphene Market – Industry/Competition Segment Analysis Premium
    14.1 Company Benchmarking Matrix – Major Companies
    14.2 Market Share at Global Level - Major companies
    14.3 Market Share by Key Region - Major companies
    14.4 Market Share by Key Country - Major companies
    14.5 Market Share by Key Application - Major companies
    14.6 Market Share by Key Product Type/Product category - Major companies
15. Graphene Market – Key Company List by Country Premium Premium
16. Graphene Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10
"*Financials would be provided on a best effort basis for private companies"



1.US Graphene Market Revenue, 2019-2024 ($M)
2.Canada Graphene Market Revenue, 2019-2024 ($M)
3.Mexico Graphene Market Revenue, 2019-2024 ($M)
4.Brazil Graphene Market Revenue, 2019-2024 ($M)
5.Argentina Graphene Market Revenue, 2019-2024 ($M)
6.Peru Graphene Market Revenue, 2019-2024 ($M)
7.Colombia Graphene Market Revenue, 2019-2024 ($M)
8.Chile Graphene Market Revenue, 2019-2024 ($M)
9.Rest of South America Graphene Market Revenue, 2019-2024 ($M)
10.UK Graphene Market Revenue, 2019-2024 ($M)
11.Germany Graphene Market Revenue, 2019-2024 ($M)
12.France Graphene Market Revenue, 2019-2024 ($M)
13.Italy Graphene Market Revenue, 2019-2024 ($M)
14.Spain Graphene Market Revenue, 2019-2024 ($M)
15.Rest of Europe Graphene Market Revenue, 2019-2024 ($M)
16.China Graphene Market Revenue, 2019-2024 ($M)
17.India Graphene Market Revenue, 2019-2024 ($M)
18.Japan Graphene Market Revenue, 2019-2024 ($M)
19.South Korea Graphene Market Revenue, 2019-2024 ($M)
20.South Africa Graphene Market Revenue, 2019-2024 ($M)
21.North America Graphene By Application
22.South America Graphene By Application
23.Europe Graphene By Application
24.APAC Graphene By Application
25.MENA Graphene By Application