Graphene Coating Market Size was valued at USD 0.15 Billion in 2023. The Graphene Coating industry is projected to grow from USD 0.20 Billion in 2024 to USD 1.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 30.00% during the forecast period (2024 - 2032).The increased introduction of another period of material advancement and enhanced functionality compared to conventional coatings are the key market drivers that are boosting the expansion of the market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Market CAGR for Graphene Coating is being driven by the rising number of conventional coatings. A graphene covering is a sort of covering where graphene is either the essential part or is utilized related to it during development. These recently made coatings offer upgraded properties and benefits like protection from water against erosion, sun-oriented paints, and the capacity to empower primary isolation.
Additionally, Graphene coatings are a huge headway in materials science because of their exceptional qualities. As a result of these exceptional characteristics, graphene coatings are extremely popular for various purposes. In view of its wonderful characteristics, graphene, a solitary sheet of carbon particles coordinated in a hexagonal cross-section, has enthralled the consideration of researchers and specialists all around the globe. Graphene carries these exceptional properties to different surfaces when it is covered, introducing another period of material advancement. Despite the fact that graphene coatings have outstanding characteristics that further develop execution in various applications, there are impediments in the method of their overall acknowledgment, particularly with regard to material mix.
In view of their striking characteristics and wide variety of purposes, graphene coatings have various benefits over regular coatings, similar to ceramic coatings. Graphene coatings are very solid and have an elevated degree of wear and scratch obstruction. Graphene coatings might be secure successfully on many surfaces and are moderately more straightforward to apply because of their adaptability, which might save application time and work costs. Solid covalent associations give graphene striking mechanical strength. Graphene-mixed coatings are stronger than ordinary coatings since they increase their general durability and protection from actual harm. Graphene is a substance that is incredibly light. When blended into coatings, it gives the substrate a lot of solidarity and strength with very little extra weight.
For instance, As per the Japan Gadgets and Data Innovation Enterprises Affiliation (JEITA), the creation by the worldwide hardware and IT industry was esteemed at USD 3,436.8 billion in 2022, enrolling a development of 1% year on year, contrasted with USD 3,360.2 billion of every 2021. Besides, the business is supposed to arrive at USD 3,436.8 billion, with a development of 3% yearly this year. Thus, result in driving up the Graphene Coating market revenue.
The Graphene Coating market segmentation, based on Product Type, includes Water-Based and solvent-based. In 2023, the Solvent-Based segment dominated the market. The dissolvable-based graphene-covering item is supposed to observe the biggest portion of the overall industry and overwhelm the overall graphene-covering market. Dissolvable-based graphene coatings offer a scope of advantages and have colossal possible applications across different ventures.Figure1: Graphene Coating Market, by Product Type, 2023 & 2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The Graphene Coating market segmentation, based on Application, includes Corrosion-resistant Coating, Scratch-resistant Coating, Anti Fouling Coating, Flame Retardant Coating, and Others. In 2023, the Corrosion-resistant Coating category generated the most income. Graphene coatings have been viewed as successful in giving consumption security to different substrates, adding to the life span and solidness of covered surfaces. Graphene consumption safe coatings track down application across different ventures, incorporating car, aviation, modern, marine, as well as hydrophobic and hostile to static coatings.
The Graphene Coating market segmentation, based on the End-use industry, includes Automotive, Aerospace, Electronics, Medical, Marine, and Others. In 2023, the Automotive category generated the most income. Graphene covering is of impressive interest, particularly in the car business. It finds applications in covering the various pieces of vehicles and so forth, utilizing their novel properties to improve execution, sturdiness, and, by and large, proficiency.
By region, the study provides the market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American graphene coating market area will dominate this market, owing to its being a center point for mechanical advancement and a huge interest in innovative work. This development culture encourages. In addition, the growing number of established health clubs and fitness facilities will boost market growth in this region.
Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, and South Korea.
Figure2: Graphene Coating Market Share By Region 2023 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Europe Graphene Coating market has the second-largest portion of the market. It is due to the Government drives, financing projects, and coordinated efforts with the scholarly community and industry support the turn of events. Further, the German Graphene Coating market had the biggest market share, and the UK Graphene Coating market was the European market with the quickest rate of growth.
The Asia-Pacific Graphene Coating Market is anticipated to expand between 2024 and 2032 at the quickest CAGR. This is due to expanding natural worries, and there is a developing spotlight on supportability. Moreover, China’s Graphene Coating market had the biggest market share, and the Indian Graphene Coating market was the Asia-Pacific region's fastest-growing market.
Leading market players are putting a lot of money into research and development to expand their product lines, which will drive the market for Graphene Coating to expand even further. Additionally, market players are engaging in a range of calculated initiatives to increase their worldwide presence, with important market developments involving the introduction of new products, contracts, M&A transactions, increased investment, and cooperation with other enterprises. To grow and endure an increasingly cutthroat and dynamic market, the Graphene Coating industry must provide reasonably priced goods.
Manufacturing locally is one of the primary business techniques used by manufacturers to cut operational costs in the Graphene Coating industry to help customers and expand the market segment. In recent years, the Graphene Coating industry has provided some of the biggest benefits to medicine. Major players in the Graphene Coating market, including NanoXplore Inc. (Canada), Vorbeck Materials Corp (US), Universal Matter (Canada), Xiamen Knano Graphene Technology Co., Ltd (China), Graphenea Inc. (Spain), Grafoid Inc.(Canada), KISHO Corporation Co., Ltd. (Japan), are engaging in research and development activities in an effort to boost market demand.
Widespread Matter is a Canadian organization that spends significant time in the turn of events and creating cutting-edge materials for different enterprises. They center around making creative answers to address difficulties in areas like aviation, auto, energy, and hardware. The organization's innovative work endeavors are pointed toward planning materials with special properties, including strength, toughness, conductivity, and warm opposition. Comprehensive Matter uses cutting-edge developments and coherent movements to plan materials that work on the show and efficiency of things across different applications. Their portfolio might incorporate composite materials, nanomaterials, polymers, and specialty synthetics, among others. In February 2023, Widespread Matter consented to gain all portions of Applied Graphene Materials UK Restricted and Applied.
Vorbeck Materials Corp is an American organization known for its skill in creating and commercializing graphene-based materials for a great many applications. Graphene, a solitary layer of carbon particles organized in a two-layered honeycomb grid, has noteworthy properties like high conductivity, mechanical strength, and adaptability. Vorbeck uses these novel properties to make creative arrangements that address difficulties in enterprises like hardware, energy capacity, and cars, and the sky is the limit from there. One of Vorbeck's prominent accomplishments is the improvement of Vor-X™, a graphene-based conductive ink. This ink can be utilized in printed hardware applications, empowering the development of adaptable and lightweight electronic gadgets, such as sensors, RFID labels, and wearable hardware. In June 2019, Graphite One Inc. and Vorbeck Materials Corp will join together to target extraordinary applications in both.
NanoXplore Inc. (Canada)
Haydale Graphene Industries PLC (UK)
Universal Matter (Canada)
Xiamen Knano Graphene Technology Co., Ltd (China)
Graphenea Inc. (Spain)
Grafoid Inc.(Canada)
KISHO Corporation Co., Ltd. (Japan)
Vorbeck Materials Corp (US)
Directa Plus S.p.A. (UK)
Petroliam Nasional Berhad (PETRONAS) (Malaysia)
Graphene Group (US)
Deyang Encarbon Technology Co., Ltd. (China)
February 2022: Ethos Vehicle Care has collaborated with Insignificant GMS as a partner patron for the 2022 NASCAR Cup Series associates season
January 2022: Graphite One Inc. and Vorbeck Materials Corp joining arrangement will target extraordinary applications in both.
February 2023: Widespread Matter has consented to gain all portions of Applied Graphene Materials UK Restricted and Applied.
Water-Based
Solvent-Based
Corrosion-resistant Coating
Scratch-resistant Coating
Anti Fouling Coating
Flame Retardant Coating
Others
Automotive
Aerospace
Electronics
Medical
Marine
Others
| Report Attribute/Metric | Details |
| Market Size2023 | USD 0.15 Billion |
| Market Size 2024 | USD 0.20 Billion |
| Market Size2032 | USD 1.2 Billion |
| Compound Annual Growth Rate (CAGR) | 30.00% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product Type, Application, End-use industry, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | South Korea, China, Japan, India, Australia, Germany, France, UK, Italy, and Spain |
| Key Companies Profiled | NanoXplore Inc. (Canada), Vorbeck Materials Corp (US), Universal Matter (Canada), Xiamen Knano Graphene Technology Co., Ltd (China), Graphenea Inc. (Spain), Grafoid Inc.(Canada), KISHO Corporation Co., Ltd. (Japan) |
| Key Market Opportunities | Growing functionality compared to conventional coatings |
| Key Market Dynamics | Increased introduction of another period of material advancement |
Frequently Asked Questions (FAQ) :
The Graphene Coating market size was valued at USD 0.15 Billion in 2023.
The market is projected to grow at a CAGR of 30.00% during the forecast period 2024-2032.
North America dominated the worldwide market in terms of market share.
The key players in the market are NanoXplore Inc. (Canada), Vorbeck Materials Corp (US), Universal Matter (Canada), Xiamen Knano Graphene Technology Co., Ltd (China), Graphenea Inc. (Spain), Grafoid Inc.(Canada), KISHO Corporation Co., Ltd. (Japan), and others.
The solvent-based category dominated the market in 2023.
Automotive held the most substantial market proportion on a scale.
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