Global Graphene Material Market Size to Exceed USD 11.43 Billion By 2033 | CAGR of 17.75%
Category: Advanced MaterialsGlobal Graphene Material Market Size to Exceed USD 11.43 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Graphene Material Market is Expected to Grow from USD 2.23 Billion in 2023 to USD 11.43 Billion by 2033, at a CAGR of 17.75% during the forecast period 2023-2033.
Get more details on this report -
Browse key industry insights spread across 240 pages with 140 Market data tables and figures & charts from the report on the " Global Graphene Material Market Size, Share, and COVID-19 Impact Analysis, By Form (Powder, Sheet & film, Foam, and Aerogel), By Application (Electronic, Energy, Healthcare, Aerospace & defence, Composites, and Automotive), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/graphene-material-market
The graphene material market refers to a single layer of carbon atoms arranged in a two-dimensional hexagonal lattice, each of which is joined to three other atoms by sp2 hybridization. It is the basic structural element of many other forms of carbon, such as graphite, fullerenes, and carbon nanotubes. Because of its exceptional mechanical strength, optical transparency, electrical and thermal conductivity, and atomic thinness, graphene is a ground-breaking material for a range of applications in electronics, energy, and materials research. The market growth is driven by the expanding need for lightweight, high-performance materials in industries including electronics, automotive, and aerospace. Advances in production techniques are making graphene more accessible and reasonably priced. Because R&D funding has grown, innovation is accelerating, and application areas are growing. These developments contribute to the accomplishment of industrial performance and environmental goals. As a result, future advanced material research will increasingly depend on graphene materials. However, the market growth is hindered by the high material cost and cost-effective manufacturing.
The graphene oxide segment accounted for the largest share in 2023 and is estimated to grow at a remarkable CAGR during the projected timeframe.
On the basis of type, the graphene material market is classified into monolayer graphene, multilayer graphene, graphene oxide, graphene nanoplates, and others. Among these, the graphene oxide segment accounted for the largest share in 2023 and is estimated to grow at a remarkable CAGR during the projected timeframe. The segmental growth can be attributed to its numerous special qualities and wide variety of uses. This oxidized version of graphene has functional groups like carboxyl, epoxy, and hydroxyl, which make it highly soluble in a variety of matrices and perfect for application in watery environments. This property makes it easier to utilize in a variety of applications, such as coatings, composites, energy storage, and biomedical devices.
The powder segment accounted for the majority of the share in 2023 and is estimated to grow at a remarkable CAGR during the estimated period.
On the basis of form, the graphene material market is segmented into powder, sheet & film, foam, and aerogel. Among these, the powder segment accounted for the majority of the share in 2023 and is estimated to grow at a remarkable CAGR during the estimated period. The segmental growth can be attributed to its broad range of applications and adaptability. Graphene powder is simple to work with and can be applied to some manufacturing processes, such as composites, coatings, and polymer additives. Its large surface area improves mechanical strength, electrical conductivity, and thermal stability by facilitating the dissolution and interaction with other materials.
The electronic segment accounted for the largest share in 2023 and is estimated to grow at a remarkable CAGR during the forecast period.
On the basis of application, the graphene material market is divided into electronic, energy, healthcare, aerospace & defence, composites, and automotive. Among these, the electronic segment accounted for the largest share in 2023 and is estimated to grow at a remarkable CAGR during the forecast period. The segmental growth can be attributed to its exceptional flexibility and electrical conductivity. Its compatibility with contemporary semiconductor processes ensures its ease of incorporation into contemporary technologies. Applications like as flexible screens, transparent electrodes, and advanced sensors serve as examples of its adaptability. With the growing demand for high-performance, lightweight devices, graphene is becoming more and more significant.
North America is anticipated to hold the largest share of the global Graphene Material market over the projected timeframe.
Get more details on this report -
North America is anticipated to hold the largest share of the global graphene material market over the projected timeframe. The region's growth is attributed to the rising demand from the manufacturing industries of automobiles and airplanes. Large manufacturers like Boeing are focusing on lightweight composite materials like graphene to improve the efficiency and performance of their aircraft. The largest market in North America is the United States, which also exports a lot of graphene-based products to countries that can't make them. In recent years, the industry has witnessed some collaborations between research institutes and manufacturers as a result of the increased focus on R&D operations. The expanding end-use applications and continuous advancements are also expected to raise demand.
Asia Pacific is estimated to grow at the fastest CAGR of the global graphene material market during the forecast period. In these regions, the fast industrialization, technical advancements, and rising R&D costs. China, Japan, and South Korea are leading the way in graphene innovation because of robust government funding and a robust network of academic institutions and industry participants. The need for graphene-based materials is also being driven by the region's expanding electronics, automotive, and energy sectors, especially for applications like flexible displays, energy storage devices, and lightweight composites. Asia Pacific has played a significant role in determining the worldwide growth trajectory of the graphene-based materials industry, as evidenced by this significant market presence.
Major vendors in the global graphene material market are XFNANO Materials Tech Co., Ltd, Applied graphene material, Talga Group, G6 Material, Neograf, Global graphene group, Merck, Grafoid Inc, Haydale Graphene Industries, Graphene square, Garmar, AGM Battery, Zeno Energy, NanoXplore, and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In May 2024, Bisley & Company Pty Ltd., Australia and New Zealand's largest raw material distributor, formed a partnership with First Graphene Ltd., a global leader in high-quality graphene production. The goal of this collaboration is to increase the availability of graphene in the region's aerospace, construction, energy storage, and medical technology industries.
Market Segment
This study forecasts revenue at the global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global graphene material market based on the below-mentioned segments:
Global Graphene Material Market, By Type
- Monolayer graphene
- Multilayer graphene
- Graphene oxide
- Graphene nanoplates
- Others
Global Graphene Material Market, By Form
- Powder
- Sheet & film
- Foam
- Aerogel
Global Graphene Material Market, By Application
- Electronic
- Energy
- Healthcare
- Aerospace & defence
- Composites
- Automotive
Global Graphene Material Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?