Global Graphene Market, By Type (Powder, Dispersion, and Others); By Applications (Electrical & Electronics, Composites, Energy, Biomedical, and Others); By Region (North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America) Trend Analysis, Competitive Market Share & Forecast, 2017-2027

Published:
May 2021
Report Code:
BWC20338
Available Format:
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Pages:
163

global graphene market report

The Global Graphene Market- Industry Trends & Forecast Report 2027

The global graphene market was worth USD 610.3 million in 2020 and is further projected to reach USD 1,834.2 million by 2027, at a CAGR of 15.3% during the forecast period (2021-2027). The growth of the graphene market is primarily supported by the growing adoption of graphene in various applications such as electrical & electronics, composites, energy, and others. Furthermore, graphene is widely used in a variety of applications because it is considered the world's most robust material and is used to improve the mechanical properties of other materials. The aforementioned are the key factors driving the growth of the graphene market globally.

Source: BlueWeave Consulting

 

Global Graphene Overview

Graphene is a carbon allotrope which is also the world's strongest material and thinnest compound in the chemistry of elements. It is lightweight but extremely strong and tough. Graphene is the subject of extensive research in the fields of nanotechnology and high technology. The single-layer monomer of carbons atoms is tightly bound in a hexagonal honeycomb lattice to form graphene. It is also thought to be the best conductor of electricity and the most conductive metal of heat at room temperature. Graphene is currently gaining traction in the automobiles, aerospace, and defense sectors. The graphene market is expected to expand during the forecast period as a result of ongoing product development and significant public and private investments to leverage the product's properties for a variety of applications.

Global Graphene Market Trend

Growth Drivers

Growing Usage of Graphene in Different Applications Such as Energy Storage

Graphene is viewed by research organizations as a versatile material for both high-tech and low-tech applications. This is primarily due to the increasing application in the end-user industry. The increasing adoption of graphene in applications such as biomedical, energy, paints, and others are driving the growth of the global graphene market. Graphene offers excellent properties such as high electron mobility and high thermal and electrical conductivity. Due to the properties mentioned above, it is finding opportunities in the energy resources. Graphene is widely used to produce supercapacitors or ultra-capacitors as they offer high surface area. The graphene coating on the supercapacitor plates aids in the formation of double layers, besides optimizing and effectively storing a large amount of energy. The factors cited above are some of the key factors driving the market growth.

Because fossil fuels are expected to be depleted in the coming years, various energy storage alternatives are finding opportunities in the market. The market for battery hybridization with supercapacitors is expanding at an unprecedented rate. In the upcoming years, electric vehicles are likely to dominate the automotive market owing to the increasing government initiatives and regulatory rules and regulations regarding pollution emissions. Furthermore, a hybrid model of graphene in batteries can replace traditional lithium-ion batteries in electric vehicles, driving market growth even further.

Increasing Demand from the Automotive and Transportation Industry

Graphene is widely used in the automotive and transportation industry. Graphene has long been regarded as the most revolutionary material. Because of its properties such as high tensile strength and light components, graphene is used in the production of the outer body of automotive vehicles. Graphene in body panels also serves as an embedded antenna in applications such as decking panel heaters and sensors. Gas sensors, for example, are used to optimize engine operation by monitoring air inlets and outlets.

The automotive and transportation industries are among the fastest-growing  industries in the world. China is the world's largest automotive manufacturer and the leading car manufacturer. In 2019, approximately 92 million vehicles were manufactured worldwide, with 67 million cars and 25 million commercial vehicles. According to the European Automobile Manufacturers Association, the European automobile industry is a global player, exporting high-quality "Made in Europe" goods and contributing to the EU's USD 74 billion trade surplus.

Restraints

High Cost of Production

The cost of production is regarded as the most important factor in determining the price of the product manufactured by the company. The cost of production may include the cost of raw materials, labor, transportation, and the manufacturing process used for the product. Though carbon is the fourth most abundant substance found on earth, graphene's manufacturing cost is comparatively high. Graphene has a high potential in a variety of applications, but the high cost of production is limiting the global graphene market's growth. The current cost of producing graphite is estimated to be around USD 100 per gram.

Impact of COVID-19

Various businesses around the world have been slowed by the pandemic. Several supply chains, logistics, raw material suppliers, mining laborers, and others have been impacted by the COVID-19. The pandemic has also impacted the growth of the global graphene market. As a result of the lockdown, several industries had to halt the production of graphene.The automotive sector, where graphene finds its most prominent application, also saw a downfall in sales volume. Nevertheless, the automotive industry has proven to be extremely resilient.

China, where the first strain of COVID-19 was discovered, imposed a country-wide lockdown, requiring several industry players to adhere to government protocols. The EU is among the world's biggest producers of motor vehicles, and the sector represents the most significant private investor in research and development (R&D). The COVID-19 crisis has had an unprecedented effect on Europe's automotive industry. During the first half of 2020, the sector suffered 3.6 million vehicle production losses across the EU, totaling more than USD 100 billion.

Global Graphene Market: By Type

Based on type, the global graphene market is grouped into powder, dispersion, and others. In 2020, the powder segment accounted for the largest share in the graphene market. Powders are widely used in the electronic and electric industries for  manufacturing sensors, semiconductors, and superconductors. Furthermore, the powder form of graphene is easy to handle and is manufactured more cost-effectively than the other types of graphene present. These are the key factors driving the growth of the powder segment in the global graphene market.

Source: BlueWeave Consulting

 

Global Graphene Market: By Application

Based on application, the global graphene market is grouped into electrical & electronics, composites, energy, biomedical, and others. In 2020, the electrical & electronics segment accounted for the largest share in the graphene market. The significant use of graphene in the production of sensors, semiconductors, and superconductors drives the market growth of this segment. These sensors are further used in end-user industries such as aerospace & defense, energy, automotive, and transportation. The integration of graphene with semiconductors and further using it in the end-user sector propels the overall market growth.

 

 

Global Graphene Market: Regional Insights

Geographically, the global graphene market is categorized into North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America. The Asia-Pacific accounted for the largest share in the market in 2020 and is likely to dominate during the forecast period as well. China, India, Japan, and South Korea are the top graphene producers, contributing to the lion's share of the regional market. According to World Population Review, China is the world's largest manufacturer of automobiles, batteries, and semiconductors, which contributes to the growth of the global graphene market in this region. North America accounted for the second-largest share in the market owing to the rising expenditure in the healthcare sector.

Source: BlueWeave Consulting

Competitive Landscape

Some of the key players in the global graphene market include ACS Material LLC, Bluestone Global Tech, CVD Equipment Corporation, Graphene Nanochem PLC, Graphenea S.A., G6 Materials, Haydale Limited, Nanotek Instruments Inc., Vorbrck Materials, XG Sciences, and other prominent players. Because graphene has a high production cost, the key players are heavily investing in R&D to better optimize graphene production. The growing applications of graphene, as well as extensive R&D in this field, are creating lucrative opportunities for the market's key producers.

Recent Developments

·         In July 2020, CVD Equipment announced the collaboration with Dymax Corporation and Keyence Corporation of America to accelerate the development of CVDMs membrane oxygenation platform.

·         In February 2020, ACS Materials launched graphene transmission electron microscopy grids to prevent particles from slipping through microscopic holes.

Scope of the Report

Attribute

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Million

Market Coverage

U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Argentina, Japan, South Korea, Australia, China, India, UAE, South Africa, Saudi Arabia, Turkey

Product/Service Segmentation

By type, applications and region

Key Players

Key Players for the market are ACS Material LLC, Bluestone Global Tech, CVD Equipment Corporation, Graphene Nanochem PLC, Graphenea S.A., G6 Materials, Haydale Limited, Nanotek Instruments Inc., Vorbrck Materials, XG Sciences, and other prominent players

 

 

 

By Type

Ø  Powder

Ø  Dispersion

Ø  Others

By Application

Ø  Electrical & Electronics

Ø  Composites

Ø  Energy

Ø  Biomedical

Ø  Others

By Region

Ø  The Asia-Pacific

Ø  North America

Ø  Europe

Ø  The Middle East & Africa

Ø  Latin America

 

FAQs:

1.    What is the current size of the global graphene market?

Answer: The global graphene market has reached USD 610.3 million in 2020.

2.    What are the major factors driving the growth of the global graphene market?

Answer:  The major factors driving the growth of the global graphene market are growing usage of graphene in different applications such as energy storage and increasing demand from the automotive and transportation industry.

3.    Who are the key players in the global graphene market?

Answer:  The key players in the global graphene market are ACS Material LLC, Bluestone Global Tech, CVD Equipment Corporation, Graphene Nanochem PLC, Graphenea S.A., G6 Materials, Haydale Limited, Nanotek Instruments Inc., Vorbrck Materials, XG Sciences, and other prominent players.

4.    Which type accounted for the larger share in the global graphene market?

Answer:  Based on type, the powder segment accounted for the larger share in the global graphene market.

5.    Which region register the largest share in the global graphene market?

Answer: The Asia-Pacific caters the largest share in the global graphene market.

COVID-19

We've been tracking the direct impact of COVID-19 on this market, and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Contact our sales team for more details at

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