Graphene is used in a various of applications including composites, energy harvesting & batteries, electronics, sensors, paints & coatings, conductive inks, membrane, and others. Graphene reduces weight of composites & rubbers, increases energy efficiency in electrodes, increases the abrasion resistance of the material, increases heat dissipation in rubbers. The global graphene market size is expected to grow from USD 620 million in 2020 to USD 1,479 million by 2025, at a CAGR of 19.0% during the forecast period.
Over the past years, graphene manufacturers have strengthened their position in the global graphene market by adopting expansions, partnerships, agreements, new product/technology launches, joint ventures, contracts, and mergers & acquisitions. R&D activities ongoing in the industry to make graphene commercialize and create cost-effective manufacturing technology for graphene. The growing R&D activities is expected to drive the graphene market during the forecasted period.
The key players in the global graphene market are: NanoXplore Inc. (Canada), Graphenea SA (Spain), Avanzare Innovacion Tecnologica S.L. (Spain), Global Graphene Group (US), Directa Plus S.p.A. (Italy), Changzhou Sixth Element Materials Technology Co., Ltd. (China), Ningbo Morsh Technology Co., Ltd. (China) and others
