Graphene Market to Grow at a CAGR of 36.5% Over the Forecast Period; Augmenting Research and Development Activities Related to Graphene-based Sensors to Propel Market Expansion

The global graphene market size was valued at USD 694.0 million in 2024. The market is projected to grow from USD 941.1 million in 2025 to USD 8,329.9 million by 2032, exhibiting a CAGR of 36.5% during the forecast period.

Fortune Business Insights™ presents this information in its report titled, “Graphene Market Size, Share & Industry Analysis, By Product (Graphene Oxide, Graphene Nanoplatelets (GNP), and Others), By End-use Industry (Electronics, Aerospace & Defense, Energy, Automotive, and Others), and Regional Forecast, 2025-2032”. 

Graphene, a form of carbon, includes a single layer of atoms that are arranged in a two-dimensional honeycomb lattice. This transforms the aerospace industry by elevating its performance of composites and coating that are widely utilized in the production of helicopters, airplanes, drones and spacecraft. Enhanced mechanical properties permit the use of a thinner material and decrease the weight.

The COVID-19 pandemic catalyzed market growth, driven by its properties, including conductivity, flexibility, and effectiveness against viruses and bacteria. The graphene-based biosensors, drug delivery systems, treatment solutions, and protective equipment were highly used and manufactured during the pandemic.

Introduction of Advanced Products by Key Players to Boost Market Expansion

In February 2020, ACS Material launched its new 12 x 8 inch CVD Graphene on Copper Foil or PET. This product is ideal for flexible and rigid touchscreen display use.

Growing Demand for the Product from the Electronic Industry Augments the Market Growth

Graphene is highly suited for electronics applications due to its outstanding thermal and electric conductivity as well as its lightweight nature. The electrons in this allotrope of carbon have a higher mobility, which allows them to accelerate rapidly in response to any electric field, including silicon, which is highly preferred in electronic equipment. Thus, electronics, including graphene, operate more efficiently and function fastly as compared to the conventional alternative. Additionally, it can also tolerate higher voltages due to its higher mechanical resilience, influencing industrial growth. Moreover, there has been a growth in the development of foam based designs for the batteries recently, bridging the gap between batteries and capacitors. All these factors collectively contribute to the graphene market growth.

Conversely, the negative environmental influence of graphene is hindering market growth.

Top Players Emphasize Launching New Innovations to Strengthen Their Market Presence

The global market is highly fragmented, with different companies such as The Global Graphene Group, NanoXplore Inc., Knano Graphene Technology Co., and others operating in the market. These key players are expanding their business by launching new products to gain a leading position in the competition.

Notable Industry Development:

• August 2022 - NanoXplore Inc. declared the acquisition of assets of XG Sciences. The company y is known for the production of graphene nanoplatelets and the formulations of advanced materials.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/graphene-market-102930

List of the Companies Profiled in the Report:

• Xiamen Knano Graphene Technology Co. (China)


• Graphenea (Spain)


• ACS Material (U.S.)


• Global Graphene Group (U.S.)


• Universal Matter GBR Ltd (Canada)


• Grolltex Inc (U.S.)


• Directa Plus S.p.A (Italy)


• NanoXplore Inc. (Canada)


• Thomas Swan & Co. Ltd. (U.K.)


• First Graphene (Australia)

Further Report Findings

• Asia Pacific held the highest graphene market share, attributed to the favorable policies formed by different governments and ongoing funding to academic research across the globe.


• Market growth in North America is driven by the growing need for products from the aerospace and energy industries. Additionally, the demand for eco-friendly, light weight and strong products has also contributed to the market growth.


• Market expansion in Europe is propelled by a rise in research and development activities across the globe. Moreover, the growing focus on environmental sustainability has also augmented the market growth.


• In terms of product, the graphene nanoplatelets segment led the market in 2024 due to its wide applications in conductive inks, coatings, energy, composites, and medical devices.

Table of Segmentation