The global graphene market size was valued at USD 432.7 million ****in 2023 and is expected to reach USD 570.3 million in 2024. The market is expected to reach USD 5,193.2 million by 2032 with a CAGR of 31.8% during the forecast period. Graphene is a carbon allotrope made up of a monolayer of atoms arranged in a 2D honeycomb lattice nanostructure. Increasing number of R&D activities for sensors made from graphene is expected to drive the market growth. With high thermal and electrical conductivity, there has been an increase in demand for the product. Fortune Business Insights™ shares this information in its report titled “Graphene Market, 2024-2032.”

Information Source: https://www.fortunebusinessinsights.com/graphene-market-102930

Top Leading Company in the Graphene Market

• Haydale Graphene Industries plc (U.K.)
• Graphenea (U.S.)
• ACS Material (U.S.)
• XG Sciences (U.S.)
• Global Graphene Group (U.S.)
• Applied Graphene Materials (U.K.)
• Grolltex Inc (U.S.)
• Directa Plus S.p.A (Italy)
• NanoXplore Inc. (Canada)
• Thomas Swan & Co. Ltd. (K.)
• First Graphene (Australia)
• Talga Group (Australia)
• Graphite Central (U.S.)

Segments

GNP to Lead Due to Demand from Aerospace and Automotive Industries

On the basis of product, the market is segmented into Graphene Oxide (GO), Graphene Nanoplatelets (GNP), and others. Graphene Nanoplatelets (GNP) held the majority part in 2022 owing to increasing demand for lightweight composite materials in the aerospace and automotive industries. Several R&D activities are being performed to commercialize GNP production. Graphene Oxide (GO) is also expected to show a significant growth due to growing demand for nanotechnology in the electronics and semiconductor industries.

Aerospace & Defense Segment to Lead as the Product is Used to Improve the Functionality of Coatings