Graphene Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Graphene Market is segmented by Product Type (Graphene Sheets and Films, Nanoribbons, Nanoplatelets, Graphene Oxide, and Other Product Types), End-user Industry (Electronics and Telecommunication, Bio-medical and Healthcare, Energy, Aerospace and Defense, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for Graphene in revenue (USD million) for all the above segments.

Market Snapshot

Graphene Market - Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >70 %

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Market Overview

The graphene market was valued at USD 127.12 million in 2020, and the market is projected to register a CAGR of over 70% during the forecast period (2021-2026).

Researchers and graphene manufacturers around the world are insisting on graphene as a potential material in aiding to win the battle against the pandemic. The explanations for such potential could be found in graphene’s inherent characteristics, like antibacterial/antiviral properties, which are favorable qualities for manufacturing medical sensors and devices. In the past, graphene has been extensively used for manufacturing medical sensors due to its microbial repellency. The properties of graphene can be harnessed in the medical industry in various ways, and fighting COVID-19 could be one of these. For instance, LIGC Applications, a protective masks producer, introduced Guardian G-Volt - face masks with a graphene filtration system that can be sterilized and safely re-used. The mask is having been equipped with an in-built graphene filtration system which is said to be 99% effective against particles over 0.3 micrometers and 80% effective against anything smaller.

  • Over the medium term, rising demand for printed electronics is likely to boost the market demand. The major component for printed electronics is conductive or semi-conductive ink. The printing speed is faster for graphene-based inks, which led to the increased focus on graphene-based inks for printed electronics and has become one of the major applications of graphene.
  • Various factors, like the lack of commercial production and consumer awareness along with limited application scope, are expected to hinder the growth of the market studied.
  • Asia-Pacific dominated the market, holding a share of around 60%. This was primarily due to the rising demand from the electronics and telecommunication and healthcare industries.

Scope of the Report

Graphene is a true 20th-century material. The research activity and patenting activity has originated in the early years of 2000. With gradual recognition of the potential of carbon-based graphene materials, several researchers have started actively participating in the research of graphene materials in several applications. The graphene market is segmented by product type, end-user industry, and geography. By product type, the market is segmented into graphene sheets and films, nanoribbons, nanoplatelets, graphene oxide, and other product types. By end-user industry, the market is segmented into electronics and telecommunication, bio-medical and healthcare, energy, aerospace and defense, and other end-user industries. The report also covers the market size and forecasts for the graphene market in 16 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

Product Type
Graphene Sheets and Films
Nanoribbons
Nanoplatelets
Graphene Oxide
Other Product Types
End-user Industry
Electronics and Telecommunication
Bio-medical and Healthcare
Energy
Aerospace and Defense
Other End-user Industries (Water Treatment, etc.)
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Spain
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Electronics and Telecommunication Industry to Dominate the Market

  • Electronics and telecommunications is the largest end-user industry for graphene and its derivative products. Graphene is used in a wide range of applications in both electronic and telecommunication industries.
  • In electronics and telecommunications, graphene is used for various applications, including unbreakable touchscreens, transistors, supercharged batteries (enhanced lithium-ion batteries), optical electronics, printed electronics, and conductive inks, among others.
  • Over the last few years, widespread research into the properties and applications of graphene has been observed, and the material has been proposed as a potential replacement for silicon in many electronics applications.
  • Graphene has several useful properties that include high mechanical strength, very high electron mobility, and superior thermal conductivity.
  • Conventional battery electrode materials (and prospective ones) are significantly improved when enhanced with graphene. Graphene can make batteries that are light, durable, and suitable for high-capacity energy storage, as well as shorten charging times while extending the battery’s lifetime.
  • In addition, graphene is set to modernize the smartphone industry by replacing existing touchscreen technology. Graphene is considerably cheaper than the materials used in most modern smartphones and is much more agile. Graphene is used on a commercial scale in optoelectronics, specifically touchscreens (for smartphones, tablets, desktop computers, and televisions), liquid crystal displays (LCD), and organic light-emitting diodes (OLEDs).
  • The global consumer electronics industry has been growing rapidly across the world over the years, owing to the consistently increasing demand for cellular phones, portable computing devices, gaming systems, and other personal electronic devices. The Indian electronics market is expected to reach USD 400 billion by 2025. Additionally, India is expected to become the fifth-largest consumer electronics and appliances industry in the world by 2025. The number of smartphone users in China is growing rapidly. The number of smartphone users in China was 712.8 million in 2018, and it is expected to reach 868.2 million by 2023.
  • Overall, the various potential applications of graphene in electronics and telecommunications are projected to increase the consumption of graphene at an exponential rate during the forecast period.
Graphene Market - Segmentation

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region accounted for the largest share, accounting for around 60% of the total market, with most of the demand coming from China, and it is also expected to register the highest CAGR during the forecast period.
  • China has the world’s largest electronics production base and offers tough competition to the existing upstream producers, such as South Korea, Singapore, and Taiwan. Electronic products, such as smartphones, OLED TVs, and tablets, have the highest growth rates in the consumer electronics segment of the market in terms of demand. With the increase in the disposable incomes of the middle-class population, the demand for electronic products is projected to increase steadily in the future, thereby driving the market studied.
  • The electronics manufacturing industry is constantly expanding in China as a result of low cost and increasing demand for electronics products. With the increase in the disposable income of the middle-class population, the demand for electronic products is projected to grow in the near future.
  • The Chinese aerospace policy represents one of the most comprehensive attempts to enter the top levels of aerospace development and production. Under the plan, ‘Made in China 2025’, it is expected that China is likely to supply over 10% of homemade commercial aircraft to the domestic market by 2025. This is expected to propel the demand for graphene during the forecast period.
  • Furthermore, increasing solar projects in the country are, in turn, likely to boost the demand for graphene in PV cells at a rapid rate during the forecast period. For instance, in 2019 first half, according to CPIA, more than 30% of the solar cells are produced by Chinese manufacturers as compared to the previous year.
  • However, China, being a major manufacturing hub across the world, has been severely affected by the recent breakdown of COVID-19.
  • Both the electronics and aerospace sectors are likely to be severely affected in 2020, and they may recover slowly during the forecast period. The shutdown of air transport is likely to be a major factor in the decline of the graphene market in this sector.
  • Owing to the stalling of manufacturing activities across the country, the scenario is expected to affect the global economy very widely and also the demand in the market studied.
Graphene Market Regional Trends

Competitive Landscape

The graphene market is partially consolidated, among the top few players. With continuous and active research and the development of graphene for newer and emerging applications, a lot of new players are venturing into the market, leading to a fragmented market among the small but active players. Key players in the market include Global Graphene Group, Morsh, Sixth Element (Changzhou) Materials Technology Co., Ltd., XG Sciences, Inc., and Perpetuus Advanced Materials PLC, among others.

Recent Developments

  • In July 2021, Mason Graphite Inc. has signed an agreement with Black Swan Graphene, to purchase strategic assets related to a patented graphene processing technology from Thomas Swan & Co. Limited, thereby, is likely to enhance the company's graphene businees.
  • In October 2020, The Sixth Element (Changzhou) Materials Technology Co.,Ltd has announced to invest USD 58 million to expand its Nantong Graphene plant. Moreover, by 2022, the annual production capacity of the Nantong site is likely to reach around 1,500 tons of graphene oxide and 450 tons of graphene. Earlier, in May 2020, the company had completed the first stages of the expansion, which had added around 150 tons per annum of Graphene and 500 tons per annum of graphene oxide to its production capacity. Such expansion is likely to enhance the company's graphene business, in the coming years.
  • In December 2019, Perpetuus Advanced Materials PLC entered an agreement with XG Sciences Inc. to supply graphene to North American tire manufacturers.
  • In October 2019, XG Sciences and Terrafilum announced a joint development agreement to produce and market 3D printing filaments and coatings using graphene-based materials.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Rising Demand for Printed Electronics

      2. 4.1.2 Graphene Aiding in the War Against COVID-19

    2. 4.2 Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Price Trends

    6. 4.6 Technology Landscape

    7. 4.7 Production Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Graphene Sheets and Films

      2. 5.1.2 Nanoribbons

      3. 5.1.3 Nanoplatelets

      4. 5.1.4 Graphene Oxide

      5. 5.1.5 Other Product Types

    2. 5.2 End-user Industry

      1. 5.2.1 Electronics and Telecommunication

      2. 5.2.2 Bio-medical and Healthcare

      3. 5.2.3 Energy

      4. 5.2.4 Aerospace and Defense

      5. 5.2.5 Other End-user Industries (Water Treatment, etc.)

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 ASEAN Countries

        6. 5.3.1.6 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Spain

        6. 5.3.3.6 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 2D Carbon Graphene Materials Co. Ltd

      2. 6.4.2 ACS Material

      3. 6.4.3 Applied Graphene Materials PLC

      4. 6.4.4 China Carbon Graphite Inc.

      5. 6.4.5 Elcora Advanced Materials

      6. 6.4.6 Global Graphene Group

      7. 6.4.7 Grafoid Inc.

      8. 6.4.8 Graphenano

      9. 6.4.9 G6-Materials

      10. 6.4.10 Graphenea SA

      11. 6.4.11 Haydale Graphene Industries PLC

      12. 6.4.12 Morsh

      13. 6.4.13 NanoXplore Inc.

      14. 6.4.14 Perpetuus Advanced Material PLC

      15. 6.4.15 The Sixth Element (Changzhou) Materials Technology Co. Ltd

      16. 6.4.16 Thomas Swan & Co. Ltd

      17. 6.4.17 Versarien PLC

      18. 6.4.18 Vorbeck Materials

      19. 6.4.19 XGSciences

      20. 6.4.20 Xiamen Knano Graphene Technology Corporation Limited

      21. 6.4.21 Xolve Inc.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Usage of Graphene in Lithium-ion Batteries

    2. 7.2 Development of Single Crystal Graphene Sheet as a Substitute for Copper Foil

    3. 7.3 Increasing Use of Graphene in Touch Screens

**Subject to Availability

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Frequently Asked Questions

The Graphene Market market is studied from 2016 - 2026.

The Graphene Market is growing at a CAGR of >70% over the next 5 years.

The Graphene Market is valued at 127 Million USD in 2016.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Global Graphene Group, The Sixth Element (Changzhou) Materials Technology Co.,Ltd, XG Sciences, Inc., Perpetuus Advanced Materials PLC, Morsh are the major companies operating in Graphene Market.

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