Graphene Market Size Worth $1.6 Billion By 2028 | CAGR 43.2%: Grand View Research, Inc.
SAN FRANCISCO, Jan. 27, 2022 /PRNewswire/ -- The global graphene market size is expected to reach USD 1.6 billion by 2028, registering a CAGR of 43.2% over the forecast period, according to a new report by Grand View Research, Inc. The growing research activities in graphene-based energy storage technologies coupled with the rising use of graphene in membrane separation are projected to benefit the market growth.
Key Insights & Findings from the report:
- The graphene nanoplatelets material segment dominated the market in 2020owing to the high demand on account of superior characteristics including high strength and permeability
- The composites application segment accounted for the maximum revenue share in 2020 and is projected to grow at a significant CAGR from 2021 to 2028
- Increasing use of graphene-based composites in applications including batteries, construction, aerospace, automotive, coatings, metals, and plastics is projected to propel the segment growth
- The electronics sector is estimated to reach USD 455 million by 2028 on account of high product demand in semiconductors, bendable phones, and other electronics
- Asia Pacific accounted for the largest revenue share due to the growing demand across various sectors including automobile, marine, defense, and aerospace
- China is expected to emerge as a promising market and is expected to grow at a considerable CAGR from 2021 to 2028 on account of favorable government support to promote investments in the manufacturing sector
Read 145 page market research report, "Graphene Market Size, Share & Trends Analysis Report By Material (Graphene Oxide, Graphene Nanoplatelets), By Application (Electronics, Composites), By Region (APAC, Europe), And Segment Forecasts, 2021 - 2028", published by Grand View Research.
Key application areas of graphene include electronics, biomedical technologies, energy storage, composites & coatings, and water & wastewater treatment. Growing focus on miniaturization is one of the primary factors driving graphene research across the globe. Graphene exhibits the potential to revolutionize the semiconductor industry owing to its conductivity and extremely thin nature.
Lack of viable, cost-effective mass production technology happens to be the major bottleneck restraining the full-fledged adoption of graphene. There have been continuous efforts for research and development to enhance the quality of the materials produced and develop superior graphene nanoplatelets and graphene oxide films. A major share of key players is concentrated in developed regions, hence regional partnership and distribution agreements are the key strategic initiatives adopted by market participants. In 2020, Applied Graphene Materials was one of the major manufacturers that signed several distribution agreements with various other regional players to establish its market presence.
Market Segmentation:
Grand View Research has segmented the global graphene market on the basis of material, application, and region:
- Graphene Material Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)
- Graphene Nanoplatelets
- Graphene Oxide
- Reduced Graphene Oxide
- Others
- Graphene Application Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)
- Electronics
- Composites
- Energy
- Others
- Graphene Regional Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- Spain
- Italy
- Asia Pacific
- China
- India
- Japan
- Rest of the World
List of Key Players of Graphene Market
- Angstron Materials, Inc.
- ACS Material, LLC
- BGT Materials Ltd.
- CVD Equipment Corp.
- Directa Plus S.p.A
- Grafoid Inc
- Graphenea
- Graphene NanoChem
- NanoXplore, Inc.
- G6 Materials Corp.
- XGSciences
- Thomas Swan & Co. Ltd.
- 2D Carbon Graphene Material Co., Ltd.
- Haydale Graphene Industries plc
- Applied Graphene Materials (AGM)
Check out more studies related to graphene materials and applications, published by Grand View Research:
- Graphene Nanoplatelets Market – The global graphene nanoplatelets market is expected to witness prolific growth at a CAGR of 37.6% till 2025. Graphene nanoplatelets are advanced nanoparticles based on carbon with a unique morphology.
- Graphene Electronics Market – The global graphene electronics market is anticipated to grow significantly over the forecast period. Graphene, 2D versatile allotrope of carbon, has densely packed carbon atoms in a single plane. It has superior optical, electrical, chemical and semiconductor properties.
Browse through Grand View Research's coverage of the Global Nanoparticles Industry.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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SOURCE Grand View Research, Inc.
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