Expanding Capabilities and Increasing R&D Activities to Boost the Graphene Market

MarketsandMarkets Research Pvt. ltd.

Graphene Market was valued at USD 620 Million in 2020 and is projected to reach USD 1,479 Million by 2025

Chicago, June 09, 2022 (GLOBE NEWSWIRE) — Graphene is used in a variety of applications including composites, energy harvesting and batteries, electronics, sensors, paints and coatings, conductive inks, membranes and others. Graphene reduces the weight of composites and rubbers, increases energy efficiency of electrodes, increases material abrasion resistance, increases heat dissipation in rubbers.

The global graphene market size is expected to grow from USD 620 Million in 2020 to USD 1,479 Million by 2025, at a CAGR of 19.0% during the forecast period.

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In recent years, graphene manufacturers have strengthened their position in the global graphene market by adopting expansions, partnerships, agreements, new product/technology launches, joint ventures, contracts, and mergers and acquisitions. Ongoing R&D activities in the industry to commercialize graphene and create cost effective manufacturing technology for graphene. Growing R&D activities are expected to drive the graphene market over the forecast period.

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The key players in the graphene market are:

  • NanoXplore Inc. (USA),

  • Graphenea SA (Spain),

  • Avanzare Innovacion Tecnologica SL (Spain),

  • Global Graphene Group (USA),

  • Directa Plus SpA (Italy),

  • Changzhou Sixth Element Materials Technology Co., Ltd. (China),

  • Ningbo Morsh Technology Co., Ltd. (China), and more.

These companies focus on increasing production capacities and developing innovative graphene-based products for various end-use industries. Growing applications of graphene in various end-use industries such as automotive and transportation, aerospace, and electronics are expected to drive the market over the forecast period. For example, Graphenea SA has introduced two new graphene-based sensors named S11 and S12 as part of the GEFT sensing product line. The company has adopted this strategy to expand its business in the graphene-based sensor segment.

Scope of the Graphene Market Report

Report Metrics

Details

Years Considered for Study

2018–2025

Base year considered

2019

Forecast period

2020–2025

Units considered

Value (million USD), volume (kiloton)

Segments Covered

Type, application, end-use industry and region

Regions covered

Europe, North America, APAC, MEA and Latin America

Companies covered

NanoXplore Inc. (USA), Graphenea SA (Spain), Avanzare Innovacion Tecnologica SL (Spain), Global Graphene Group (USA), Directa Plus SpA (Italy), Haydale Graphene Industries Plc (Italy), Changzhou Sixth Element Materials Technology Co., Ltd. (China) and Ningbo Morsh Technology Co., Ltd. (China), Nanjing XFNANO Materials Co., Ltd., Xiamen Knano Graphene Technology Corporation Limited (China) and JCNANO Tech Co., Ltd. (China)

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This research report categorizes the graphene market based on type, application, end-use industry, and region.

By type:

  • Bulk Graphene

  • Monolayer Graphene

Per application:

  • Composite materials

  • Paints, coatings and inks

  • Energy storage and recovery

  • Electronic

  • Catalyst

  • Tires

  • Others

By end-use industry:

By region:

  • North America

  • Europe

  • APAC

  • AEM

  • Latin America

APAC is expected to account for the largest market share in the graphene market over the forecast period.

APAC accounted for the largest market share in the global graphene market in 2019. A number of graphene manufacturers in countries such as China, Japan, South Korea, India, and Australia are contributing to the growth of the regional market. These manufacturers focus on R&D activities in collaboration with various research institutes and universities for the development of graphene products. APAC has the largest number of manufacturers of motor vehicles, electric batteries and electronic components; these are the main applications where graphene is used. The presence of large end-use industries is driving the graphene market in the APAC region.

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