Graphene Market Size, Share & Trends Report

Graphene Market Size, Share & Trends Analysis Report By Application (Electronics, Composites, Energy), By Product (Graphene Nanoplatelets, Graphene Oxide), By Region, And Segment Forecasts, 2019 - 2025

  • Published Date: Jan, 2019
  • Base Year for Estimate: 2017
  • Report ID: 978-1-68038-788-9
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2016
  • Number of Pages: 97

Industry Insights

The global graphene market size was estimated at USD 42.8 million in 2017 and is projected to witness a CAGR of 38.0% from 2017 to 2025. Increasing demand for lightweight and durable materials for manufacturing various components including composites is expected to fuel the product demand over the forecast period.

Graphene is the world’s thinnest and strongest material with high thermal and electrical conductivity. These characteristics coupled with other properties including high permeability and high electron mobility have resulted in creating a huge interest in this material and its applications. The material is at the introductory stage of product lifecycle and is expected to witness significant development in terms of its applications over the forecast period.

U.S. graphene market

The product is expected to witness increased penetration in various existing products including semiconductors, energy storage and generation devices, and sensors. Demand for graphene films is expected to gain momentum owing to the growing need for protective coatings on smartphones and flexible electronic devices. This has resulted in an increase in production capacity of graphene-based products over the past few years.

The composites are expected to witness the fastest growth over the coming years owing to its ability to improve strength and to reduce weight. These are employed in a wide range of applications including construction, automotive, and aerospace. Research institutes and multinational companies have been one of the key sources for the product demand. They have been involved in extensive research and development to utilize and identify the application scope of the product. Graphene nanoplatelets are expected to witness rapid growth over the forecast period owing to their superior characteristics such as high electron mobility and high strength.

Several companies including Graphene Square; Graphensic AB; 2D Carbon Graphene Material Co., Ltd.; XG Sciences, Inc.; and Graphene Laboratories, Inc. are investing heavily in research and development related to the product. Moreover, companies such as CVD Equipment Corporation are entering into partnerships and collaborations with various research institutions to focus on R&D.

Product Insights

Graphene nanoplatelets accounted for a major market share of 51.0% in terms of revenue, in 2017. High electrical and thermal conductivity, strength, and enhanced barrier properties are likely to fuel its utilization in polymeric materials such as composites, rubber, thermoplastic elastomers, paints and coatings, and adhesives.

Graphene oxide is expected to witness considerable growth over the forecast period on account of its wide application scope in biomedical, solar cells, composites, batteries, supercapacitors, and biosensors among others. The ability of the product to be chemically altered to enhance its properties based on application is likely to develop new opportunities for growth over the forecast period.

Companies such as Directa Plus have been targeting application areas including construction and automotive. In 2014, the company had increased its production capacity and is now engaged in production of the material through a cost-effective and eco-friendly manufacturing process.

Application Insights

Electronics was the major application segment, accounting for a market share of 42.1% in terms of revenue, in 2017. The graphene market is expected to witness significant growth owing to increasing demand from optoelectronics, communication, and defense electronics systems. Electronics sector is expected to witness growth in emerging markets such as India, China, Malaysia, and Taiwan owing to rising manufacturing activities in these countries.

Graphene is being increasingly used as a replacement of silicon in various applications. It finds applications in batteries, electrodes for touch screens, transparent memory technology, and transistors among other components of electronics industry. Various research institutes and companies, Argonne National Laboratory (ANL) & California Lithium Battery, are working in collaboration to develop new products based on this material for the electronics industry.

Composites application is expected to witness a revenue-based CAGR of 40.4% from 2018 to 2025. Increasing penetration in aerospace, automotive, and medical applications is expected to fuel the growth over the forecast period. Graphene when used along with metals, polymers, ad ceramics, help to enhance the conductivity and the thermal and pressure resistance of the composites.

The material is also used for energy generation and storage applications. Graphene coatings are being used in various batteries, conductors, and generators to improve energy efficiency and overall performance of devices. It is also used to enhance their power conversion efficiency of solar cells.

Regional Insights

North America led, in terms of revenue, with a 32.8% market share in 2017. Presence of numerous manufacturers with strong research and development capabilities is likely to develop new growth opportunities over the years to come.

Asia Pacific is expected to witness the fastest growth in demand over the forecast period. Booming electronics sector has been a major factor propelling the regional product demand. Moreover, increasing investments in renewable power generation sector are expected to surge the demand in near future.

Global graphene market

China is expected to emerge as a promising market over the forecast period in light of favorable government support to promote investments in the manufacturing sector. The government of China has put forward strong policies to ensure support for research and development. The government has established a graphene national park, which is contributing to increasing the production volume of the material in the region.

In 2017, Team Group, a Taiwan based manufacturer of memory solutions and accessories, introduced a new product to its T-Force gaming product line. The CARDEA ZERO M.2 PCI-E solid-state drive consists of graphene copper foil cooling on its SSD Module. Nitronix is the supplier of raw materials for the company.

Graphene Market Share Insights

New product developments and collaborations and agreements are the key strategies adopted by the manufacturers. Companies have been trying to come up with new products and technologies to develop graphene at low cost and industrial-scale quantities.

As pricing is one of the major restraining factors, manufacturers have been investing increasingly in the development of new technologies to reduce production costs. In addition, many manufacturers are collaborating with other companies to develop new application opportunities for their products.

Report Scope



Base year for estimation


Actual estimates/Historical data

2014 - 2016

Forecast period

2018 - 2025

Market representation

Revenue in USD Million, volume in Tons & CAGR from 2018 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Country scope

U.S., U.K., Spain, China, India

Report coverage

Revenue and volume forecast, company share, competitive landscape, growth factors and trends

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Segments Covered in the Report

This report forecasts revenue and volume growth at global, country, and regional levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global graphene market report on the basis of product, application, and region:

  • Product Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

    • Graphene nanoplatelets

    • Graphene oxide

    • Others

  • Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

    • Electronics

    • Composites

    • Energy

    • Others

  • Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

    • Europe

      • U.K.

      • Spain

    • Asia Pacific

      • China

      • India

    • Rest of the World

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