Graphene Market Witness Highest Growth AT a CAGR of more than 20.5% by 2030

Market Insights

As per recent research by MarkNtel Advisors, The Global Graphene Market size is projected to grow at a CAGR of around 20.5% during the forecast period, i.e., 2024-30.

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Global Graphene Market Driver:

Increasing Demand from the Biomedical Industry – The demand for graphene in the biomedical industry is increasing due to the material's unique properties, which make it well-suited for various applications in medical research, diagnostics, and therapies. Graphene's compatibility with biological systems reduces the risk of adverse reactions, inflammation, and rejection when used in implants such as orthopedic devices, prosthetics, and dental implants. This safety profile enhances the appeal of graphene for implantation applications.

Furthermore, the rising prevalence of infectious diseases such as HIV, hepatitis, and influenza is fueling the global demand for point-of-care tests for the swift detection of these conditions. According to the World Health Organization's TB report, an estimated 10.6 million people were diagnosed with tuberculosis (TB) in 2021, marking a 4.5% increase from 2020. This escalating tendency in infectious diseases has led to a growing need for point-of-care tests. Consequently, there is an increasing incorporation of graphene-based biosensors into point-of-care testing devices designed to identify specific biomarkers linked to infectious diseases, contributing to the growth of the graphene industry.

Market Segmentation and Consumer Behavior:

By Product

Graphene Nanoplatelets (GNP) - Market Size Forecast 2019-2030, (Kilo Tons)
Mono-layer Bi-Layer Graphene- Market Size Forecast 2019-2030, (Kilo Tons)
Graphene Oxide- Market Size Forecast 2019-2030, (Kilo Tons)
Others (Bulk Graphene, Graphene Nanoribbons, etc.) - Market Size Forecast 2019-2030, (Kilo Tons)

By Application

Composites- Market Size Forecast 2019-2030, (Kilo Tons)
Catalysts- Market Size Forecast 2019-2030, (Kilo Tons)
Coatings- Market Size Forecast 2019-2030, (Kilo Tons)
Sensors- Market Size Forecast 2019-2030, (Kilo Tons)
Radio Frequency Identification (RFID) - Market Size Forecast 2019-2030, (Kilo Tons)
Energy Storage- Market Size Forecast 2019-2030, (Kilo Tons)
Others (Water Filtration, Food Packaging, etc.)- Market Size Forecast 2019-2030, (Kilo Tons)

By End User

Biomedical Healthcare- Market Size Forecast 2019-2030, (Kilo Tons)
Electronics- Market Size Forecast 2019-2030, (Kilo Tons)
Telecommunication- Market Size Forecast 2019-2030, (Kilo Tons)
Automotive- Market Size Forecast 2019-2030, (Kilo Tons)
Aerospace Defense- Market Size Forecast 2019-2030, (Kilo Tons)
Energy- Market Size Forecast 2019-2030, (Kilo Tons) - Market Size Forecast 2019-2030, (Kilo Tons)
Others (Water Treatment, etc.) - Market Size Forecast 2019-2030, (Kilo Tons)

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Graphene Market Geographical Analysis:

By Region

North America
South America
Europe
The Middle East Africa
Asia Pacific

Key Players and Competitive Strategies in the Graphene Market

Several prominent players dominate the Graphene Market, including:

Graphenea S.A.
Carbon Rivers
Haydale Limited
ACS Materials LLC
Applied Graphene Materials plc
Advanced Graphene Products
Versarien Plc
Applied Nanotech, Inc.
NanoXplore Inc.
Directa Plus S.p.A
Grafoid Inc.
Global Graphene Group
The Sixth Element (Changzhou) Materials Technology Co. Ltd.
First Graphene
Thomas Swan Co.
Graphmatec

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Questions Addressed in this Study

1.What factors are driving the Graphene Market growth?

2.How is the Graphene Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Graphene Market?

4.What is the current size of the Graphene Market, and how is it projected to change in the future?

5.What is the future outlook for the Graphene Market in terms of technological advancements and market expansion?

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MarkNtel Advisors is a leading research, consulting, data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, individuals, among others.

Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 15 diverse industrial verticals.