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Graphene Market Analysis By Key Players, SWOT Analysis, Growth Factors, and Forecast till 2034

The graphene market is expected to have grown to an astounding valuation of US$ 3.85 billion by the end of 2034, with a compound annual growth rate (CAGR) of 43% between 2024 and 2034. According to this research analysis by market research and competitive intelligence supplier Fact.MR, growing emphasis on sustainability and extending graphene’s application scope are expected to primarily support graphene demand in the future.

Future prospects for graphene firms are expected to arise from the widespread application of graphene composites in various industry verticals, including aerospace and automotive. Global sales of graphene are expected to increase due to the growing demand for and availability of graphene batteries. Over the next ten years, it is anticipated that East Asia, South Asia, and Oceania would collectively account for a dominating percentage of global graphene sales.

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Although graphene is still not a material that is extensively used, its use is expanding quickly across a variety of industries due to its perceived sustainability. Since there are no dominant players in the highly fragmented competitive landscape, emerging graphene companies have the opportunity to succeed greatly by developing novel goods.

  • A Chinese start-up company called Caiqi Xin Cailiao, which specializes in material innovation, revealed in December 2022 that it intended to mass-produce graphene in the future. The company sought to profit on the increasing application of graphene in the fabrication of supercapacitors.

Key Takeaways from Market Study

  • In 2024, the global graphene market is projected to be valued at US$ 147.4 million.
  • From 2024 to 2034, the demand for graphene is expected to increase at a high-value CAGR of 43%.
  • By the end of 2034, the market is expected to reach US$ 3.85 billion.
  • Future market expansion is expected to be primarily hampered by the high cost of producing graphene.
  • Over the next ten years, the demand for graphene in North America is expected to rise at a 38.9% CAGR.
  • By the end of 2034, sales of bulk graphene are expected to exceed US$ 2.52 billion.
  • By 2024, China is expected to hold 59.4% of the market share in East Asia.

 “Growing adoption of clean energy and rising investments in R&D of graphene batteries will boost graphene demand over the years to come,” says a Fact.MR analyst.

Key Companies Profiled in This Report

  • Graphenea
  • Angstron Materials Inc.
  • ACS Material LLC
  • Grafoid Inc.
  • Haydale Graphene Industries Plc
  • BGT Materials Ltd.
  • Applied Graphene Materials
  • 2D Carbon Graphene Material Co. Ltd.
  • Graphene NanoChem
  • NanoXplore Inc.
  • Thomas Swan & Co. Ltd.
  • CVD Equipment Corp.
  • Directa Plus SpA
  • G6 Materials Corp.
  • XGSciences

Winning Strategy

To differentiate themselves in the highly competitive global industry and become market leaders, graphene manufacturers had to allocate significant resources towards the research and development of innovative goods. Well-established graphene enterprises ought to concentrate on acquiring promising start-ups in order to expedite their expansion within this sector.

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Country-wise Insights

It is sufficient to say that graphene enterprises have the freedom to invest anywhere in the world and that their investments will not be disappointed, as graphene’s potential applications will only continue to develop exponentially in the future. Germany, Japan, China, India, and the United States are expected to be some of the most profitable markets for graphene suppliers during the research and beyond.

What’s Helping Graphene’s Sales Growth in Europe?

“A Growing Circular Economy and Increasing Focus on Sustainability”

European countries are leading the worldwide push for sustainability, which is anticipated to have a beneficial effect on the demand for graphene in Europe and around the world. Sales of graphene are expected to rise over the next ten years and beyond as a result of increased investments in the creation of green technologies and the shift in the European region towards clean energy.

Concretene, a start-up company situated in the United Kingdom, declared in October 2023 that it had been granted US$ 1.57 million through three government grants. In order to produce concrete with a lower carbon footprint and a strength that is 30% to 50% more than ordinary concrete, the company is mixing graphene into it.

The European Union launched the Graphene Flagship, a scientific research program, in 2013 with a US$ 1.08 billion budget with the aim of promoting innovation and helping start-ups that use graphene.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global graphene market, presenting historical demand data for 2018 to 2023 and forecast statistics for 2024 to 2034.

The study divulges essential insights on the market based on type (bulk, monolayer), material (nanoplatelets, graphene oxide, reduced graphene oxide, others), and application (electronics, composites, energy, others), across six major regions of the world (North America, Europe, Latin America, East Asia, South Asia & Oceania, and MEA).

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