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Graphene Market Size
- Report ID: GMI233
- Published Date: Sep 2024
- Report Format: PDF
Graphene Market Size
Graphene Market reached USD 128 million in 2023 and is expected to register 30% CAGR from 2024-2032. This growth is driven by the rising demand for advanced materials in various high-tech applications and the rising research and developments on the uses of graphene. For instance, in August 2024, recent research involving scientists from Abu Dhabi was investigating the potential of graphene to transform the process of removing carbon dioxide (CO2) from the atmosphere.
Graphene, with its exceptional electrical, thermal, and mechanical properties, is being increasingly adopted across industries such as electronics, automotive, and energy storage. The unique attributes of graphene, including its high conductivity and strength, make it a critical material in the development of next-generation technologies. As industries continue to innovate and seek materials that offer superior performance and sustainability, the demand for graphene is expected to surge, contributing to the overall market growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Graphene Market Size in 2023: | USD 128 Million |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR: | 30% |
| 2024 – 2032 Value Projection: | USD 1.39 Billion |
| Historical Data for: | 2021–2023 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 192 |
| Segments covered: | Form, Product, Mode of Application, Crop and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The graphene market is set to experience substantial growth driven by the expanding application scope across diverse industries, particularly in the electronics and automotive sectors. The material’s unparalleled conductivity and strength are essential for the development of flexible electronics, energy-efficient batteries, and lightweight automotive components. For instance, in August 2024, Salgenx, a leading innovator in saltwater flow battery technology, was excited to unveil the expansion of its pioneering work with graphene and hard carbon-coated sand.
However, the market faces challenges related to the high cost of graphene production and the complexities of large-scale manufacturing. While advancements in production techniques are underway, the current cost and scalability issues may impede the rapid adoption of graphene in mass-market applications. Overcoming these challenges will be crucial for the sustained growth of the graphene industry as businesses strive to integrate this revolutionary material into their products.
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Graphene Market Scope
