The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Market Size and Growth Rates

• Current Market Size:
  • The graphene market was valued at $1.08 billion in 2023.
  • It is expected to grow to $1.32 billion in 2024, achieving a compound annual growth rate (CAGR) of 22.1%.
  • By 2028, the market is projected to reach $2.98 billion, with a CAGR of 22.5%.
• Historic Growth Factors:
  • Electronics and Semiconductors: Increased adoption of graphene.
  • Energy Storage: Growth in applications like batteries.
  • Healthcare and Biomedical: Expansion into these sectors.
  • Aerospace and Automotive: Use of graphene-enhanced composites.
  • Eco-Friendly Products: Development of sustainable graphene-based products.

Future Growth Drivers

• Environmental Concerns:
  • Graphene’s role in reducing environmental impact drives market expansion.
• Industry Collaboration:
  • Partnerships and collaborations enhance market growth and innovation.
• Market Demand:
  • Rising demand for high-performance materials fuels market growth.
• Supply Chain Optimization:
  • Streamlined supply chains improve availability and reduce costs.

View More On The Graphene Market Report 2024 – https://www.thebusinessresearchcompany.com/report/graphene-global-market-report

Surging Demand for Graphene from the Automotive Sector

• Automotive Sector:
  • High strength and lightweight properties of graphene enhance vehicle performance.
  • Graphene improves fuel efficiency and reduces environmental impact.
• Application in Automotive:
  • Structural Materials: Lightweight composites for vehicle bodies.
  • Conductive Coatings: Enhanced batteries and sensors.
  • Heat Management: Improved thermal management solutions.
• Market Impact:
  • Electric vehicle sales doubled in 2021, reaching 6.6 million units.
  • Continued growth in electric vehicle sales propels graphene demand.

Key Market Players

• Leading Companies:
  • NanoXplore Inc., Ningbo Morsh Technology Co. Ltd., Nanjing XFNANO Materials Tech Co. Ltd.
  • Thomas Swan & Co. Ltd., Directa Plus S.P.A., Versarien plc.
  • AMO GmbH, Avanzare Innovacion Tecnologica S.L., Grafoid Inc.
  • Vorbeck Materials Corp., 2D Carbon Graphene Material Co. Ltd.
  • ACS Material, Graphene Laboratories Inc., GRAPHENE SQUARE INC.
  • Graphenea, Graphmatech AB, HAYDALE GRAPHENE INDUSTRIES PLC.
  • Nanotech Energy Inc., Talga Group, Universal Matter Inc.
  • XG Sciences, Zentek Ltd., Global Graphene Group, BGT Materials Ltd., Cheap Tubes.

Advancements in Graphene-Based Car Care Products

• Innovative Products:
  • Companies are developing graphene-based high-performance car waxes.
  • Enhanced durability, water repellency, and ease of use are key features.
• Graphene Wax Example:
  • Infinity Wax: Launched Graphene Wax in January 2021.
  • Collaboration with Applied Graphene Materials (AGM).
  • Features: Long-lasting paint protection, water beading, and eco-friendly ingredients.

Strategic Acquisitions

• Universal Matter Inc.:
  • Acquired Applied Graphene Materials in March 2023 for $1.3 million.
  • Acquisition enhances market presence and access to advanced technologies.
  • Accelerates the growth of novel graphene-based solutions.

Market Segmentation

• By Product:
  • Graphene Nanoplatelets, Graphene Oxide, Reduced Graphene Oxide, Monolayer Graphene, Bulk Graphene, Other Products.
• By Application:
  • Paints and Coatings, Electronic Components, Composites, Batteries, Solar Panels, Other Applications.
• By End-Use:
  • Automotive, Medical, Aerospace, Defense, Concrete Industry, Tires, Other End-Users.

Regional Insights

• Largest Region:
  • Asia-Pacific was the largest region in the graphene market in 2023.
• Fastest-Growing Region:
  • Asia-Pacific is expected to be the fastest-growing region during the forecast period.

The graphene market is poised for significant growth, driven by advancements in technology, rising demand across various sectors, and strategic industry movements. With its exceptional properties, graphene continues to revolutionize industries, making it a material of the future.

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The Graphene Global Market Report 2024  provides comprehensive insights on the graphene market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the graphene market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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