Graphene market size to grow by USD 773.01 million between 2022 and 2027 | APAC will account for 42% of the market growth - Technavio

NEW YORK, Dec. 11, 2023 /PRNewswire/ -- The graphene market size is estimated to grow by USD 773.01 million between 2022 and 2027, accelerating at a CAGR of 34.07% during the forecast period. APAC will account for 42% of the market growth during the forecast period. The growth of the regional market is driven by the increased demand for graphene in end-user industries such as construction, automotive, electronics, aerospace, electrical, steel, and others. The increasing demand for electric and hybrid vehicles is another major factor driving the growth of the graphene market in APAC. For more insights on the historic data (2017 to 2021) and forecast market size (2023 to 2027) – Request a report sample

Graphene Market 2023-2027: Market Dynamics

The growth of the market is driven by the increasing use of graphene in the construction industry. The construction industry contributed considerably to greenhouse gas emissions. For instance, about 8% of the world's total CO2 emissions come from cement, which is a key material in concrete. Thus, to reduce the impact of GHG emissions, the use of green building materials has increased significantly in the construction industry. Graphene offers excellent strength and flexibility. In addition, the use of graphene results in the production of self-cleaning, environmentally friendly concrete. Such benefits are increasing demand for graphene in the construction industry, which is driving the market growth.

Graphene Market 2023-2027: Segmentation

The graphene market is segmented as below:

• Product 
• Graphene Nanoplatelets
• Graphene Oxide
• Reduced Graphene Oxide
• Others
• End-user 
• Electronics
• Energy
• Composites
• Automotive
• Others
• Geography 
• North America
• The U.S.
• Canada
• Europe 
• The U.K.
• Germany
• France
• Rest of Europe
• APAC 
• China
• India
• Middle East & Africa
• Saudi Arabia
• South Africa
• Rest of the Middle East & Africa
• South America
• Argentina
• Brazil
• Chile

Based on the product, the market is expected to witness significant growth in the graphene nanoplatelets segment during the forecast period. Graphene nanoplatelets offer high electrical conductivity, high modulus, high strength, and high thermal conductivity. Such properties are increasing their use in various applications such as electrodes, batteries, and supercapacitors. These factors are fostering the growth of the segment.

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Graphene Market 2023-2027: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the graphene market. Backed with competitive intelligence and benchmarking, our research report on the graphene market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support. Some of the key vendors covered in the report include:

• Advanced Graphene Products SA - The company offers graphene as an additive to paints, varnishes and composites, improving effectively the properties of a final product.
• Directa Plus PLC - The company offers graphene for various applications including the manufacture of pencil tips.
• First Graphene Ltd. - The company offers graphene for various applications ranging from precision injection molding to forming of large composite plastic parts.

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Graphene Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist graphene market growth during the next five years
• Estimation of the graphene market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the graphene market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of graphene market vendors

Related Reports:

• The electrically conductive coatings market is projected to grow by USD 5.78 billion, accelerating at a CAGR of 6.3% during the forecast period 2021 to 2026.
• The stretchable conductive materials market size is expected to increase by USD 3.43 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 30.22%.

TOC

1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Historic Market Size
5. Five Forces Analysis
6. Market Segmentation by Product
7. Market Segmentation by End-User
8. Market Segmentaion by Distribution Channel
9. Customer Landscape
10. Geographic Landscape
11. Drivers, Challenges, and Trends
12. Company Landscape
13. Company Analysis
14. Appendix

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SOURCE Technavio