The Graphene Market is poised to grow from USD 620 million in 2020 to USD 1,479 million by 2025. Applications of graphene are increasing in the automotive & transportation, aerospace, construction, electronics, and military & defense end-use industries, due to its exceptional properties. The increasing demand of graphene from automotive & transportation end-use industry drives the graphene market.
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The automotive & automotive & transportation is the largest end-use industry of graphene in terms of value. Graphene has various applications in the automotive industry. When mixed with rubber, it increases both the durability and grip of tires. Graphene can be used as an additive in composites for making body panels. It increases the structural properties of composites to make body parts stronger and lighter and also can help in increasing the mechanical as well as thermal performance of vehicles. As the automotive industry is moving towards e-mobility and looking to reduce vehicle weight and increase the performance of batteries, graphene plays an important role in achieving these goals.
China is the largest market for graphene in the world, in terms of both value and volume. The trend is expected to be the same during the forecast period. The country is home to some of the major application industries such as composites and electronics. The growing demand from the automotive & transportation, electronics, and aerospace industry in the region is propelling the market for graphene in China. With Germany, the US, Spain, and India being the most affected countries, the entire supply chain in the graphene industry is disrupted globally. The lockdown of international borders has reduced the growth of the graphene market in Europe and North America.
Graphene is segmented based on type into bulk graphene and monolayer graphene. The bulk graphene type holds the largest share in the global graphene market. The bulk graphene type of graphene includes graphene nanoplatelets (GNPs), graphene oxide, reduced graphene oxide, and other forms of graphene. Increasing applications of Bulk graphene finds wide applications in composites applications is expected to drive the demand.
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The graphene market is segmented on the basis of applications into composites, energy storage & harvesting, electronics, paints & coatings, catalyst, and tire. The composites segment holds the largest share in the global graphene market, owing to wide-scale applications of graphene-based composites in automotive & transportation and aerospace end-use industries.
The major manufacturers profiled in this report include US), Graphenea SA (Spain), Avanzare Innovacion Tecnologica S.L. (Spain), Global Graphene Group (US), Directa Plus S.p.A. (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, JCNANO Tech Co., Ltd. (China) and others.
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