Asia Pacific Graphene Market Size was valued at USD 0.4 Billion in 2022. The graphene industry is projected to grow from USD 0.63 Billion in 2023 to USD 9.089 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 39.58% during the forecast period (2023 - 2032).The market is expanding quickly due to market drivers like rising demand for graphene in the electronics and automotive industries and rising funding for the creation of renewable energy sources. Moreover, a growth in nano materials-related research and development inside the nation is anticipated to support the Asia Pacific graphene market over the forecast period.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Electronics applications are best suited for it because of its extraordinarily high electrical and thermal conductivity and lightweight design. Compared to semiconductors, such as silicon, which are widely used in electronic devices, the electrons in this allotrope of carbon have greater mobility and, consequently, speed when applied electric field. These attributes enable it to create more efficient gadgets that use less power and operate more quickly than conventional alternatives. Furthermore, it can withstand relatively higher voltages because of this material's great mechanical durability. Because more industries are embracing electrification, this is probably going to have an impact on growth. Moreover, the strong demand from nations like China, Japan, and India has caused the Asia-Pacific electronic sector to expand quickly in recent years. Because of its liberal policies and low labor costs, China is a strong and attractive market for electronics manufacturers. The production of the worldwide electronics and IT sector was estimated by the Japan Electronics and Information Technology Industries Association (JEITA) to be worth USD 3,436.8 billion in 2022, representing a 1% annual rise from USD 3,360.2 billion in 2021. Furthermore, it is anticipated that the industry will increase by 3% annually this year to reach USD 3,436.8 billion. Thus, the aforementioned considerations indicate that there will be a rise in the market for electronic goods during the forecast period, which would in turn drive up demand for graphene.
The main factor driving the graphene market and propelling growth is the expanding application of graphene in the construction sector. Green building materials that are both affordable and highly effective are essential for the construction sector, which plays a major role in the world economy. About 8% of the world's CO2 emissions are caused by cement, a crucial component of concrete. In order to solve this, new mortar and concrete composites that use less cement and are more durable are required. Through structural alterations and functionalization, the intriguing material graphene improves the characteristics of concrete. It is appropriate for a variety of uses in the construction industry due to its exceptional strength attributes, which include high tensile strength and Young's modulus. The addition of graphene to cement increases its strength and makes it possible to produce ecologically friendly, self-cleaning concrete. The worldwide graphene market is expanding as a result of graphene's many advantages being adopted by the building and construction industries around the world. Thus, driving the graphene market revenue.
The Asia Pacific Graphene market segmentation, based on type includes Monolayer and Bilayer, Graphene Nano-platelets, Graphene Oxide, and Others. The graphene nano-platelets category led the market in 2022 because the energy storage and generation, medical aerospace, and telecommunications industries all have enormous need for it. Additionally essential to the operation of flexible electronics, tablets, optoelectronic gadgets, medical equipment, and other supercapacitors are transparent conductive films made of graphene oxide. Superior product attributes like power, flexibility, electrical conductivity, high heat and permeability, and so on elevate demand greatly.
Figure 1: Asia Pacific Graphene Market, by Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Asia Pacific Graphene market segmentation, based on application, includes Composites, Functional Inks, Paints & Coatings, Energy Storage, Electronics, Polymer Additives, RFID, and Others. The composites category generated the most income. These are used in the manufacturing, aerospace, and automotive sectors, among other industries. By adding a little amount of graphene to materials like plastics, metals, and ceramics, producers may produce robust, lightweight materials with excellent electrical conductivity and heat resistance. The material is also used in the synthesis and storage of energy.
The major portion of the graphene market is accounted for by the Asia-Pacific region. Graphene oxide is expected to expand at a high rate due to the region's rapid industrialization and growing number of graphene-based application patents. China is home to one of the biggest electronics manufacturing bases. It presents a fierce rivalry to the current upstream manufacturers, including Taiwan, South Korea, and Singapore. When it comes to demand, consumer electronics products like tablets, OLED TVs, and smartphones are growing at the fastest rates possible. Moreover, lighter and more impact-resistant helicopter and airplane structures are made with graphene. Graphene can be used to create deicing systems for wings. Owing to its mechanical resistance, thermal and electrical conductivity, and simple functionalization, graphene finds use in a variety of defense applications, such as optoelectronic devices, ballistic protection materials, military helmets, lightweight armor, flexible systems, camouflage, and signature management.
Figure 2: ASIA PACIFIC GRAPHENE MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the graphene market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, graphene industry must offer cost-effective items.
Major players in the graphene market are attempting to increase market demand by investing in research and development operations includes XG Sciences; The Sixth Element Materials Technology Co., Ltd; Directa Plus S.p.A; Global Graphene Group; AVANZARE INNOVACION TECNOLOGICA SL; Graphenea, Inc.; Morsh; Thomas Swan & Co. Ltd.; and Perpetuus Advanced Materials PLC.
The Sixth Element Materials Technology Co., Ltd
Directa Plus S.p.A
Global Graphene Group
AVANZARE INNOVACION TECNOLOGICA SL
Morsh
Thomas Swan & Co. Ltd.
Perpetuus Advanced Materials PLC
November 2021: Graphite (GNP) materials were first produced by NeoGraf Solutions under the Graf-X trademark. Approximately 750 metric tonnes of GNP material can be produced by the company each year. Approximately 1,300 tonnes of graphite precursors (GP) are produced by the company with the goal of effectively transforming graphite materials.
July 2021: AGM unveiled a cutting-edge new line of environmentally sustainable GNP dispersions. Customers of paints, graphene, and composite materials will be able to develop the sustainability of their varied product compositions with the help of these dispersions.
Monolayer and Bilayer
Graphene Nano-platelets
Graphene Oxide
Others
Composites
Functional Inks
Paints & Coatings
Energy Storage
Electronics
Polymer Additives
RFID
Others
Asia-Pacific
China
Japan
India
Australia
South Korea
Indonesia
Thailand
Vietnam
Malaysia
Singapore
Rest of Asia-Pacific
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 0.4 Billion |
| Market Size 2023 | USD 0.63 Billion |
| Market Size 2032 | USD 9.089 Billion |
| Compound Annual Growth Rate (CAGR) | 39.58% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, and Region |
| Region Covered | Asia Pacific |
| Countries Covered | China, Japan, India, Australia, South Korea, Indonesia, Thailand, Vietnam, Malaysia, Singapore, and Rest of Asia-Pacific |
| Key Companies Profiled | XG Sciences; The Sixth Element Materials Technology Co., Ltd; Directa Plus S.p.A; Global Graphene Group; AVANZARE INNOVACION TECNOLOGICA SL; Graphenea, Inc.; Morsh; Thomas Swan & Co. Ltd.; and Perpetuus Advanced Materials PLC |
| Key Market Opportunities | Expanding product adoption and rising demand from the transportation and automotive end-use industries |
| Key Market Dynamics | Growing need for graphene across a range of industries, including composites, energy, and conductive films and inks Increasing application of graphene in the construction sector |
Asia Pacific Graphene Market Highlights:
Frequently Asked Questions (FAQ) :
The Asia Pacific graphene market size was valued at USD 0.4 Billion in 2022.
The market is projected to grow at a CAGR of 39.58% during the forecast period, 2023-2032.
The key players in the market are XG Sciences; The Sixth Element Materials Technology Co., Ltd; Directa Plus S.p.A; Global Graphene Group; AVANZARE INNOVACION TECNOLOGICA SL; Graphenea, Inc.; Morsh; Thomas Swan & Co. Ltd.; and Perpetuus Advanced Materials PLC.
The graphene nano-platelets category dominated the market in 2022.
The composites category had the largest share in the market.
Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
