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Graphene Market to Grow Exponentially; Strong Demand for Lightweight and Reliable Materials to Bolster Industry Progress

January 27, 2022 | Chemicals & Materials

The global graphene market size is expected to witness substantial growth by reaching USD 4,067.1 million by 2028 from USD 388.8 million in 2021. Fortune Business Insights™, in its report titled " Graphene Market Size, Share & COVID-19 Impact Analysis, By Product (Graphene Oxide (GO), Graphene Nanoplatelets (GNP), Others), By End-Use (Electronics, Aerospace & Defense, Automotive, Energy, Others), and Geography Forecast, 2021-2028" observes that the market size stood at USD 285.9 million in 2020 and is projected to exhibit a CAGR of 39.8% during 2021 and 2028. Strong demand for lightweight and reliable materials and their incorporation in electronics is likely to fuel the growth of this market. 

Delay in Manufacturing Dur to COVID-19 to Impede Market Progress

This market is expected to be adversely affected during the COVID-19 pandemic because of the delay in manufacturing and shortage of materials. The imposition of stringent government regulations during pandemic has resulted in the shutting down of numerous industries which has further resulted in supply chain disruptions. However, post lockdown relaxations have led to reduced capacities, part-time shifts, and production machinery, which has enabled manufacturers to recover their costs. These factors are likely to fuel the market growth once the pandemic is over. 

Applied Graphene Materials (AGM) and Tru-Tension Collaborated for the Launch of Detailing Spray

Applied Graphene Materials (AGM) and Tru-Tension collaborated to launch detailing sprays for vehicles. The company claims that the company's technology powers the spray's new formulation. The spray offers an excellent finish and protects paintwork glistening. It provides excellent protection against dirt build-up and improves resistance against damages. The product is available for purchase at retailers. This product may help the company to attract customers and boost their sales. 

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Prominent Companies Collaborate with Crucial Companies to Boost Brand Image

The prominent companies operating in the market collaborate with crucial companies to develop advanced solutions that satisfy consumer demand and boost brand image. For example, The School of Engineering researchers and a Chinese specialist materialist company collaborated to develop lightweight materials for treatment and purification applications. Furthermore, the adoption of research and development enables manufacturers to improve material quality and improve resistance against damages. 

Increased Adoption in Electronics Sector to Foster Market Progress

It is an extremely effective material that boosts performance in electronics. The emergence of foldable and bendable phones boosts the demand for stronger and lighter materials. It significantly boosts performance and improves the device's strength against damages. For example, a Samsung Advanced Institute of Technology group developed a transistor for boosting semiconductor chipset's performance. The research showed that graphite is faster than silicone chipsets and provides excellent speeds. Further, increased per-capita income and evolving buying preferences boost the material's adoption. These factors are likely to fuel graphene market growth. 

Industry Development

  • February 2021: Applied Graphene Materials (AGM) declared that its consumer Infinity Wax announced its second car utilizing its technology.

List of Key Players Profiled in this Market:

  • XG Sciences (U.S.)

  • Graphenea, Inc. (U.S.)

  • ACS Material, LLC (U.S.)

  • CVD Equipment Corporation (U.S.)

  • Global Graphene Group (U.S.)

  • AMO GmbH (U.S.)

  • Applied Graphene Materials plc (U.S.)

  • Graphene One (U.S.)

  • Grolltex Inc. (U.S.)

  • DIRECTA PLUS S.p.A. (Italy)


  • NanoXplore Inc. (Canada)

  • Thomas Swan & Co. Ltd. (U.K.)

Further Report Findings

  • The European region stood at USD 94.7 million in 2020 and is projected to gain the largest portion of the global graphene market share. Increasing investments in the research and development of advanced materials are likely to fuel the development of the market. 

  • Further, the region is an economic powerhouse for material-based technologies, which may promote the development of advanced materials. The evolving preferences and increased spending capacity are likely to promote market growth. 

  • According to end-use, the aerospace & defense segment is expected to dominate the market because of its functionality of composites and coatings in drones, spaceships, planes, and helicopters. These factors are likely to boost market progress.

Table of Segmentation:



Study Period


Base Year


Estimated Year


Forecast Period


Historical Period



Value (USD Million)


By Product, By End-Use, and By Geography

By Product

  • GO

  • GNP

  • Others

By End-Use

  • Electronics

  • Aerospace & Defense

  • Energy

  • Automotive

  • Others

By Geography

  • North America (By Product, By End-Use, By Country)

    • U.S. (By End-Use)

    • Canada (By End-Use)

    • Mexico (By End-Use)

  • Europe (By Product, By End-Use, By Country)

    • Germany (By End-Use)

    • France (By End-Use)

    • U.K. (By End-Use)

    • Italy (By End-Use)

    • Spain (By End-Use)

    • Rest of Europe (By End-Use)

  • Asia Pacific (By Product, By End-Use, By Country)

    • China (By End-Use)

    • India (By End-Use)

    • Japan (By End-Use)

    • South Korea (By End-Use)

    • Rest of Asia Pacific (By End-Use)

  • Latin America (By Product, By End-Use, By Country)

    • Brazil (By End-Use)

    • Rest of Latin America (By End-Use)

  • Middle East & Africa (By Product, By End-Use, By Country)

    • UAE (By End-Use)

    • Saudi Arabia (By End-Use)

    • South Africa (By End-Use)

    • Rest of Middle East & Africa (By End-Use)

Global Graphene Market
  • PDF
  • 2020
  • 2017-2019
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