Graphene Market Size is Estimated to be US$ 3.85 Billion with a CAGR of 43% by 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.
๐๐๐ญ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.factmr.com/connectus/sample?flag=S&rep_id=9228
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.
๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ ๐๐ซ๐จ๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ญ๐ฎ๐๐ฒ
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.
๐๐๐ฒ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ
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
๐๐ข๐ง๐ง๐ข๐ง๐ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ฒ
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.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=9228
๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ-๐ฐ๐ข๐ฌ๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
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).
๐๐จ๐ง๐ญ๐๐๐ญ:
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Email: sales@factmr.com
๐๐๐จ๐ฎ๐ญ ๐ ๐๐๐ญ.๐๐
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