Graphene Market Size and Share

Graphene Market (2025 - 2030)
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Graphene Market Analysis by Mordor Intelligence

The graphene market size is estimated at USD 1.66 billion in 2025 and is expected to reach USD 9.28 billion by 2030, expanding at a 41.22% CAGR between 2025-2030. This steep ascent signals that commercial‐scale production hurdles are receding, moving graphene decisively from the laboratory into mainstream industrial supply chains. Increased process yields, falling unit costs, and closer integration with downstream users now underpin sustained demand from high‐growth niches such as batteries, aerospace composites, and biomedical devices. Asia-Pacific remains the centre of gravity: the region held 46% of 2024 revenue and is growing at a 44.69% CAGR thanks to dense electronics clusters, active government funding, and tight coupling between material producers and end-product manufacturers. Fragmentation is increasing as companies carve out vertical positions around specialty uses; intellectual-property control over graphene-enhanced battery chemistries, for example, is already a decisive competitive lever.

Key Report Takeaways

  • By product type, nanoplatelets led with 57% revenue share in 2024; the segment is forecast to expand at a 47.63% CAGR through 2030, in the graphene market.
  • By application, composites retained 36% of the graphene market share in 2024, while energy storage is projected to grow at 45.2% CAGR to 2030, within the graphene market.
  • By end-user industry, electronics and telecommunications captured 56% of 2024 revenue; biomedical and healthcare are advancing at a 49.07% CAGR to 2030. 
  • By geography, Asia-Pacific controlled 46% of 2024 sales; the region is slated to post the quickest 44.69% CAGR during the outlook period, inforcing the region’s leadership in the graphene market.

Segment Analysis

By Product Type: Nanoplatelets Drive Scale Effects

Graphene nanoplatelets captured 57% of 2024 sales and are on track for a 47.63% CAGR to 2030, cementing their status as the workhorse of the graphene market. Their thin but wide morphology disperses easily in polymers, metals, and asphalt, delivering strength and barrier gains at low loadings. Volume growth is lowering unit prices, which further reinforces demand momentum. Avadain’s proprietary large-thin-defect-free flake process, licensed to a chemical partner for mid-2025 production, is expected to widen supply and support aerospace and battery developers seeking predictable performance batches.

Sheets and films, and graphene oxide (GO) each trail nanoplatelets but fill essential niches. GO’s hydrophilicity suits biomedical hydrogels that accelerate chronic-wound healing, as shown in double-cross-linked dressings that respond to elevated glucose levels. CVD-grown multilayer films, though costlier, unlock quantum transport phenomena valuable for high-speed transistors and next-generation sensors. Demand for three-dimensional foams is also rising where electromagnetic shielding and thermal interface performance are critical; hybrid graphene-foam elastomers have exhibited around 75 dB attenuation across microwave bands.

Graphene Market
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By Application: Energy Storage Poised to Surpass Composites

Composites retained the largest 36% slice of 2024 revenue, given wide use in automotive, sporting goods, and civil engineering. Nevertheless, energy storage and harvesting are advancing at the fastest 45.2% CAGR as battery and capacitor makers harness graphene’s high surface area, conductivity, and mechanical stability. The graphene market size for energy storage applications is projected to escalate rapidly as lithium-sulfur and niobium chemistries transition from pilot lines to early commercial runs.

Printed and flexible electronics form another high-growth pocket. Inkjet-printed graphene traces enable foldable circuits and antenna arrays with sub-50 µΩ-cm resistivity, while transparent electrodes outperform indium tin oxide on bending endurance. Coatings and paints continue to carve share in anticorrosion niches, especially where saltwater or high humidity shortens legacy coating life. Collectively, these diverse demand streams cushion the graphene market against sector-specific slowdowns and speed overall volume ramp-up.

By End-User Industry: Biomedical Growth Challenges Electronics Leadership

Electronics and telecommunications contributed 56% of 2024 spending, reflecting smartphone, server, and network hardware reliance on graphene’s thermal and electrical benefits. Yet, biomedical and healthcare boast the highest 49.07% CAGR through 2030. Graphene microelectrode arrays now entering human studies enable single-neuron resolution while maintaining biocompatibility, vital for brain-computer interfaces and neuroprosthetics. Start-ups are also integrating graphene field-effect transistors into disposable test strips that detect cancer biomarkers at femtomolar levels, opening pathways to care settings.

Graphene Market
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Geography Analysis

Asia-Pacific dominates the graphene market with 46% revenue in 2024 and the fastest 44.69% CAGR outlook. China’s upstream leadership in graphite feedstock and downstream battery assembly grants ecosystem advantages; state grants have underwritten multi-tonne GO expansion lines that feed domestic energy-storage integrators. South Korean groups are diversifying graphite supply from Africa while scaling silicon-rich anode capacity, which indirectly elevates graphene usage for conductivity additives.

North America is pursuing supply-chain resilience. A USD 20 million retrofit of a lithium-metal facility in California will start 200 MWh of graphene-enhanced lithium-sulfur cell output in late 2025, with a 10 GWh Nevada gigafactory planned for 2027. Federal procurement guidelines prioritising domestic content for defense electronics further incentivise local wafer-scale CVD capacity builds, strengthening the region’s position in the graphene market.

Europe benefits from deep academic expertise clustered around Manchester, Cambridge, and Aachen. Breakthroughs such as 100% room-temperature magnetoresistance in standard magnetic fields illustrate the region’s basic-science prowess and its continued contribution to the graphene market.

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Competitive Landscape

The graphene industry is highly fragmented. Electronics-grade CVD film capacity is limited to a handful of well-funded players who manage multimillion-dollar clean-room investments, whereas a larger field of regional firms supplies nanoplatelet and oxide powders. Vertical integration is emerging as a favoured hedge: battery start-ups are leasing or acquiring upstream synthesis technology to secure consistent quality and lock up intellectual-property advantages.

Graphene Industry Leaders

  1. First Graphene Ltd

  2. Graphenea

  3. Haydale Graphene Industries plc

  4. NanoXplore Inc.

  5. Talga Group

  6. *Disclaimer: Major Players sorted in no particular order
Graphene Market - Market Concentration
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Recent Industry Developments

  • January 2025: Perpetuus Advanced Materials introduced proprietary nano-engineered graphene masterbatch compounds for commercial, passenger, and industrial tire production.
  • December 2023: Graphene Manufacturing Group commissioned its natural-gas-to-graphene production plant in Richlands, Australia, with infrastructure sized for at least 20 additional production units.

Table of Contents for Graphene Industry Report

1. Introduction

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Graphene Aiding the Aerospace Industry
    • 4.2.2 Adoption of Graphene Anti-corrosion Coatings in Middle-East Desalination Infrastructure
    • 4.2.3 Expansion of Energy Storage Applications
    • 4.2.4 Growing Demand in Electronics and Semiconductors
    • 4.2.5 Commercialization of Graphene EMI-shielding Foams for European 5G Infrastructure
  • 4.3 Market Restraints
    • 4.3.1 High Production Cost
    • 4.3.2 Avalability of Substitutes
    • 4.3.3 High capex needs for large-area CVD graphene production lines
  • 4.4 Value Chain Analysis
  • 4.5 Porter's Five Forces
    • 4.5.1 Bargaining Power of Suppliers
    • 4.5.2 Bargaining Power of Buyers
    • 4.5.3 Threat of New Entrants
    • 4.5.4 Threat of Substitutes
    • 4.5.5 Degree of Competition

5. Market Size and Growth Forecasts (Value)

  • 5.1 By Product Type
    • 5.1.1 Graphene Sheets and Films
    • 5.1.2 Graphene Nanoplatelets (GNP)
    • 5.1.3 Graphene Oxide (GO)
    • 5.1.4 Nanoplatelets
    • 5.1.5 Others
  • 5.2 By Application
    • 5.2.1 Composites
    • 5.2.2 Energy Storage and Harvesting
    • 5.2.3 Printed and Flexible Electronics
    • 5.2.4 Biomedical and Healthcare
    • 5.2.5 Coatings and Paints
    • 5.2.6 Others
  • 5.3 By End-user Industry
    • 5.3.1 Electronics and Telecommunications
    • 5.3.2 Aerospace and Defense
    • 5.3.3 Energy and Power
    • 5.3.4 Biomedical and Healthcare
    • 5.3.5 Others (Automotive, Chemical, and Coatings)
  • 5.4 By Geography
    • 5.4.1 Asia-Pacific
    • 5.4.1.1 China
    • 5.4.1.2 Japan
    • 5.4.1.3 South Korea
    • 5.4.1.4 India
    • 5.4.1.5 ASEAN
    • 5.4.1.6 Rest of Asia-Pacific
    • 5.4.2 North America
    • 5.4.2.1 United States
    • 5.4.2.2 Canada
    • 5.4.2.3 Mexico
    • 5.4.3 Europe
    • 5.4.3.1 Germany
    • 5.4.3.2 United Kingdom
    • 5.4.3.3 France
    • 5.4.3.4 Italy
    • 5.4.3.5 Spain
    • 5.4.3.6 Nordic
    • 5.4.3.7 Rest of Europe
    • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Colombia
    • 5.4.4.4 Rest of South America
    • 5.4.5 Middle-East and Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 United Arab Emirates
    • 5.4.5.3 Turkey
    • 5.4.5.4 South Africa
    • 5.4.5.5 Egypt
    • 5.4.5.6 Rest of Middle-East and Africa

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share(%)/ Ranking Analysis
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
    • 6.4.1 ACS Material
    • 6.4.2 Cabot Corporation
    • 6.4.3 Directa Plus S.p.A.
    • 6.4.4 First Graphene Ltd
    • 6.4.5 G6 Materials Corp.
    • 6.4.6 Global Graphene Group
    • 6.4.7 Grafoid Inc
    • 6.4.8 Graphene Manufacturing Group Ltd
    • 6.4.9 Graphenea
    • 6.4.10 Haydale Graphene Industries plc
    • 6.4.11 NanoXplore Inc.
    • 6.4.12 Perpetuus Advanced Materials
    • 6.4.13 Talga Group
    • 6.4.14 The Sixth Element (Changzhou) Materials Technology Co.,Ltd
    • 6.4.15 Thomas Swan & Co. Ltd
    • 6.4.16 Universal Matter Inc
    • 6.4.17 Versarien plc
    • 6.4.18 Vorbeck Materials Corp.

7. Market Opportunities and Future Outlook

  • 7.1 Development of Graphene Nanodevices for DNA Sequencing
  • 7.2 Adoption of Graphene into Photodetectors
  • 7.3 White-space and Unmet-need Assessment
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Research Methodology Framework and Report Scope

Market Definitions and Key Coverage

Our study defines the graphene market as the annual revenue generated from the sale of pristine or functionalized single- to few-layer carbon sheets supplied in powder, film, dispersion, or masterbatch form for commercial use across all end-user sectors. Conductive inks, battery anodes, polymer composites, and thermal spreaders made with graphene additives are counted at their material value; downstream device revenues are excluded.

Scope exclusion: Research-grade samples sold in gram quantities for academic labs are outside the baseline.

Segmentation Overview

  • By Product Type
    • Graphene Sheets and Films
    • Graphene Nanoplatelets (GNP)
    • Graphene Oxide (GO)
    • Nanoplatelets
    • Others
  • By Application
    • Composites
    • Energy Storage and Harvesting
    • Printed and Flexible Electronics
    • Biomedical and Healthcare
    • Coatings and Paints
    • Others
  • By End-user Industry
    • Electronics and Telecommunications
    • Aerospace and Defense
    • Energy and Power
    • Biomedical and Healthcare
    • Others (Automotive, Chemical, and Coatings)
  • By Geography
    • Asia-Pacific
      • China
      • Japan
      • South Korea
      • India
      • ASEAN
      • Rest of Asia-Pacific
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • United Kingdom
      • France
      • Italy
      • Spain
      • Nordic
      • Rest of Europe
    • South America
      • Brazil
      • Argentina
      • Colombia
      • Rest of South America
    • Middle-East and Africa
      • Saudi Arabia
      • United Arab Emirates
      • Turkey
      • South Africa
      • Egypt
      • Rest of Middle-East and Africa

Detailed Research Methodology and Data Validation

Primary Research

Mordor analysts interview graphene producers, compounders, battery engineers, printed-electronics OEMs, and regional trade groups across Asia-Pacific, North America, and Europe. Dialogues uncover true average selling prices, capacity utilization, nanoflake quality grades, and adoption hurdles that are rarely documented, enabling us to cross-check secondary ratios and refine penetration curves.

Desk Research

We first map the supply pool through open datasets such as UN Comtrade trade codes for HS 382499 and HS 280300, patent families indexed in Questel, production statistics from the World Steel Association (for graphite feedstock clues), and policy trackers from agencies like the US DOE and the EU Graphene Flagship. Cost and capacity signals are verified through company 10-Ks, investor decks, and customs filings, while demand markers come from bodies such as IEA (battery metals outlook) and ACEA (EV build rates). Factiva screens help us trace new line start-ups in Asia. These sources, alongside D&B Hoovers and a few other paid databases, give us the foundational volumes and price corridors; many additional public references complement but are not exhaustively listed here.

Market-Sizing & Forecasting

A top-down construct starts with global graphite output and trade, which is then adjusted for graphene conversion yields and verified against shipment volumes shared confidentially by major producers. Bottom-up spot checks sampled ASP × volume for energy-storage foil, conductive ink, and nanocomposite pellets tighten totals. Key variables include flake thickness distribution, kilogram-per-MWh loading in Li-ion cells, composite resin mix ratios, and quarterly graphene price indices. A multivariate regression on EV battery gigawatt-hour growth, flexible display area additions, and graphene price elasticity produces the 2025-2030 trajectory; scenario analysis layers in technology breakthroughs or cost setbacks. Data gaps in niche uses are bridged by proxy ratios from closest substitute materials.

Data Validation & Update Cycle

Outputs undergo three-step peer review, anomaly checks against independent price trackers and variance thresholds, before senior sign-off. Reports refresh each year, with interim updates triggered by >10% cost moves, capacity announcements, or regulatory shifts; a fresh analyst pass precedes client delivery.

Why Mordor's Graphene Baseline Earns Decision-Maker Trust

Published values often diverge because firms choose different functional forms, price bases, or update cadences.

Key gap drivers include: some publishers rolling up downstream device value, others using static ASPs that ignore the 18% price slide seen in 2024, or applying uniform uptake rates despite regional EV battery gigawatt-hour disparities. Mordor's scope focuses strictly on material revenue, applies dynamic quarterly pricing, and benefits from annual refreshes.

Benchmark comparison

Market Size Anonymized source Primary gap driver
USD 1.66 B (2025) Mordor Intelligence -
USD 0.94 B (2025) Global Consultancy A Narrow product mix; excludes oxide films
USD 1.00 B (2024) Industry Association B Uses fixed 2022 prices; no regional weighting
USD 0.26 B (2024) Trade Journal C Counts only bulk powders; omits dispersion sales

These comparisons show that when scope, dynamic pricing, and regional demand differences are aligned, Mordor's balanced baseline sits at the midpoint of plausible outcomes, providing a dependable starting point for strategic choices.

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Key Questions Answered in the Report

How fast is the graphene market expected to grow?

The graphene market is projected to expand at a 41.22% CAGR from 2025-2030, reaching USD 9.28 billion by 2030.

Which region leads graphene consumption?

Asia-Pacific held 46% of global revenue in 2024 and is forecast to grow the quickest at 44.69% CAGR thanks to strong electronics and battery ecosystems.

Which product form dominates sales?

Graphene nanoplatelets are the leading product, delivering 57% of 2024 revenue and maintaining the fastest 47.63% CAGR outlook through 2030.

Why is graphene attractive for energy storage?

Lithium-sulfur cells, niobium-graphene batteries, and high-power supercapacitors benefit from graphene’s high conductivity, chemical stability, and large surface area, enabling higher energy density, rapid charging, and longer cycle life.

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