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Graphene Market Trends

Report ID: GMI233
Published Date: Sep 2024
Report Format: PDF

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Graphene Market Trends

The market is set to witness robust growth through 2032 owing to the increasing investment in research and development (R&D) activities focused on exploring new applications for graphene. Innovations in graphene-based composites, coatings, and sensors are expanding their usage in areas such as aerospace, medical devices, and energy storage systems. The rise of electric vehicles (EVs) and renewable energy sources has further fueled interest in graphene due to its potential to enhance battery performance and energy efficiency. As industries explore graphene's capabilities, the material's market adoption is expected to grow, driven by its ability to offer transformative benefits in multiple applications.

For instance, in August 2024, in collaboration with Southwest Petroleum University in Chengdu and the China National Petroleum Corporation, researchers studied the impact of functionalizing a graphene oxide surface with polyethyleneimine (PEI).

Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

The market size for graphene reached USD 128 million in 2023 and is expected to register 30% CAGR from 2024-2032, driven by the rising demand for advanced materials in various high-tech applications and the increasing R&D on the uses of graphene.

The electronics segment of graphene industry is projected to register a 31% CAGR from 2024-2032, driven by the increasing integration of graphene into electronic devices and systems due to its remarkable electrical conductivity and flexibility.

North America market is expected to surpass USD 600 million by 2032 and is projected to grow at a robust CAGR from 2023 to 2032, due to strong technological infrastructure, coupled with significant R&D investments.

XG Sciences, Inc., Graphene Frontiers, AMO GmbH, Advanced Graphene Products, Graphenea, Haydale Limited, Thomas Swan & Co. Ltd., Nanjing XFNANO Materials Tech Company Limited, and Applied Graphene Materials plc.