Graphene Sheet Market by Type (Monolayer, Multilayer), Application (Composites, Energy Harvesting & Storage, E&E Component, Other Applications), End-use Industry (Automotive & Transportation, Aerospace & Defense, Electronics & Consumer Goods, Others) and Region - Global Forecast to 2030
The graphene sheet market is projected to reach USD 1,719.0 million by 2030, at a CAGR of 27% from USD 254.0 million in 2022. One of the major factors contributing to the growth of the graphene sheet market is its increasing demand from energy storage applications across the world. Also, the increasing R&D activities in graphene sheet segment is driving the market.
Attractive Opportunities in the Graphene Sheet Market
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Market Dynamics
Driver: Increasing R&D activities
A large number of universities, research institutes, and companies are focusing on the R&D of graphene sheet to make it commercialize and create cost-effective manufacturing technology for graphene sheet. Continuous R&D for graphene sheet more efficient and flexible is going on for new applications. China is making good progress in the commercial use of graphene sheet as well as R&D. Further, several government organizations are taking initiatives to push the commercial and technological potential of graphene sheet at a high level. The European Union launched the Graphene Flagship program and invested more than USD 1.2 billion, and the South Korean government launched a six-year graphene development program worth USD 300 Thousand.
Restraints: Difficulty in bulk production of graphene sheet
The bulk production of good quality graphene sheet is still a hindering factor for all graphene sheet manufacturers. The manufacturing process of graphene sheet is time-consuming as well as cost intensive. Hence, up scaling the graphene sheet production and maintaining the quality at the same time is challenging for the manufacturers. In case of any defects on the graphene monolayer carbon network during the manufacturing process, the properties of graphene sheet such as thermal conductivity, electrical conductivity, transparency, and impermeability are altered, which hamper the quality of graphene sheet. These factors impact the bulk production of graphene sheet, which resulted in higher cost of production.
Opportunities: Increasing demand for graphene sheet from energy storage applications in China
China is the world’s largest producer of batteries for automotive vehicles and commercial use. It held a significant share in Lithium-ion battery production in 2021. Electric vehicle production is expected to increase rapidly in the next five years, as the government of China is focusing on reducing pollution and providing subsidies and incentives to electric vehicles. The increasing demand for batteries for electric vehicles is providing huge opportunities for graphene sheet manufacturers in China.
Challenges: High production cost
The production of graphene sheet is associated with the number of carbon layers and quality of graphene. The monolayer is the most expensive type of graphene sheet and rated highest on quality parameters. The monolayer graphene is produced with the CVD manufacturing process, which enables small-scale manufacturing, which further increases the cost. The high cost of graphene sheet is a concern in price-sensitive applications despite better properties than conventional materials.
“Automotive & transportation was the largest end-use industry for graphene sheet market in 2021”
The automotive & transportation segment accounted for the largest share of the global graphene sheet market, in 2021. The demand for graphene sheet in the automotive & transportation application is expected to increase mainly because of the rise in electric vehicle production across the world.
“Asia Pacific was the largest market for graphene sheet”
Asia Pacific is the largest graphene sheet market and is projected to register the highest CAGR, both in terms of value and volume, between 2022 and 2030. Economic growth in the region has led to high internal trade and domestic transportation of commodities and supplies. China and Japan are some of the largest automobile producers globally. These countries are competing to manufacture technologically advanced vehicles and are investing heavily in their research and development to develop high-precision parts. Furthermore, the boom of the electric vehicles market is further fueling the demand for automotive parts. This has increased the number of on-road commercial vehicles, thus driving the graphene sheet market.
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Key Market Players
The major companies in the graphene sheet ecosystem include Global Graphene Group (US), NanoXplore Inc. (Canada), Directa Plus S.P.A. (Italy), Graphenea SA (Spain), Avanzare Innovacion Tecnologica S.L. (Spain), Changzhou Sixth Element Materials Technology Co., Ltd. (China), Ningbo Morsh Technology Co., Ltd. (China). Continuous developments in the market—including new product launches, mergers & acquisitions, agreements, and expansions—are expected to help the market grow. Leading manufacturers of graphene sheet market have opted for new product launches to sustain their market position.
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Scope of the Report
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Report Metric |
Details |
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Years considered for the study |
2018-2030 |
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Base Year |
2021 |
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Forecast period |
2022–2030 |
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Units considered |
Volume (Units); Value (USD Million) |
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Segments |
Type, Application, End-use Industry, and Region |
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Regions |
Asia Pacific, North America, Europe, Middle East & Africa, and South America |
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Companies |
The key players in this market are Global Graphene Group (US), NanoXplore Inc. (Canada), Directa Plus S.P.A. (Italy), Graphenea SA (Spain), Avanzare Innovacion Tecnologica S.L. (Spain), Changzhou Sixth Element Materials Technology Co., Ltd. (China) |
This report categorizes the global graphene sheet market based on type, application, end-use industry, and region.
On the basis of type, the graphene sheet market has been segmented as follows:
- Monolayer
- Multilayer
On the basis of application, the graphene sheet market has been segmented as follows:
- Composites
- Energy Harvesting & Storage
- E&E Component
- Others
On the basis of end-use industry, the graphene sheet market has been segmented as follows:
- Automotive & Transportation
- Aerospace & Defense
- Electronics & Consumer Goods
- Others
On the basis of region, the graphene sheet market has been segmented as follows:
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- South America
Frequently Asked Questions (FAQ):
What are key factors impacting the growth of the graphene sheet market?
High demand from various end-use industries due to its outstanding performance properties of graphene sheet has driving the market.
Who are the major key players in graphene sheet market?
Global Graphene Group (US), NanoXplore Inc. (Canada), Directa Plus S.P.A. (Italy), Graphenea SA (Spain), Avanzare Innovacion Tecnologica S.L. (Spain), Changzhou Sixth Element Materials Technology Co., Ltd. (China), Ningbo Morsh Technology Co., Ltd. (China)
What is the average selling price trend for graphene sheet market?
Prices are low in Asian countries (primarily China and India) compared to those in Europe and North America due to the low prices of raw materials and the availability of low-cost workforces in Asia Pacific.
Which is the fastest-growing region for graphene sheet and why?
Asia Pacific is the fastest-growing region in the graphene sheet market due to the presence of major graphene sheet manufacturers and the growth of various end-use industries in developing economies such as India.
Which type of graphene sheet accounts for the largest market share?
Multilayer graphene sheet holds the largest share due to low cost and ease of manufacturing.
How is the graphene sheet market growing?
The market is growing at a significant rate. It is a potential market due to its superior properties, and many manufactures are planning business strategies to expand their business. .
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Table of Content
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered in the Report
1.4 Currency
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders
1.8 Summary of Changes
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Industry Insights
2.2 Base Number Calculation
2.2.1 Supply-side Analysis
2.2.2 Demand-side Analysis
2.3 Forecast Number Calculation
2.3.1 Supply Side
2.3.2 Demand Side
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Market Breakdown & Data Triangulation
2.6 Factor Analysis
2.7 Research Assumptions
2.8 Limitations & Risks
3 Executive Summary
4 Premium Insights
4.1 Significant Opportunities in Graphene Sheet Market, 2022–2030
4.2 Graphene Sheet Market, By Type
4.3 Graphene Sheet Market, By Application
4.4 Graphene Sheet Market, By End-use Industry
4.5 Graphene Sheet Market Growth, By Key Countries
5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 Graphene Sheet Market, Type
5.2.2 Graphene Sheet Market, Application
5.2.3 Graphene Sheet Market, End-use Industry
5.3 Market Dynamics
5.3.1 Drivers
5.3.2 Restraints
5.3.3 Opportunities
5.4.4 Challenges
5.4 Porter's Five Forces Analysis
5.5.1 Bargaining Power of Suppliers
5.5.2 Bargaining Power of Buyers
5.5.3 Threat of New Entrants
5.5.4 Threat of Substitutes
5.5.5 Degree of Competition
5.4 Supply Chain Analysis
5.5 Ecosystem: Graphene Sheet Market
5.6 Value Chain Analysis
5.7 Technology Analysis
5.8 Pricing Analysis
5.9 Trends and Disruptions Impacting Customers
6 Graphene Sheet Market, By Type
6.1 Introduction
6.2 Monolayer Graphene Sheet
6.3 Multilayer Graphene Sheet
7 Graphene Sheet Market, By Application
7.1 Introduction
7.2 Composites
7.3 Energy Harvesting & Storage
7.4 E&E Component
7.5 Other Applications (Drug Delivery, Tires, etc.)
8 Graphene Sheet Market, By End-use Industry
7.1 Introduction
7.2 Automotive & Transportation
7.3 Aerospace & Defense
7.5 Electronics & Consumer Goods
7.6 Others (Healthcare, Industrial etc.)
9 Graphene Sheet Market, By Region
9.1 Introduction
9.2 North America
9.2.1 Graphene Sheet Market Size in North America, By Type
9.2.2 Graphene Sheet Market Size in North America, By Application
9.2.3 Graphene Sheet Market Size in North America, By End-use Industry
9.2.4 Graphene Sheet Market Size in North America, By Country
9.2.4.1 US
9.2.4.1.1 Graphene Sheet Market Size in US By End-use Industry
9.2.4.2 Canada
9.2.4.2. Graphene Sheet Market Size in Canada By End-use Industry
9.2.4.3 Mexico
9.2.4.3.1 Graphene Sheet Market Size in Mexico By End-use Industry
9.3 Europe
9.3.1 Graphene Sheet Market Size in Europe, By Type
9.3.2 Graphene Sheet Market Size in Europe, By Application
9.3.3 Graphene Sheet Market Size in Europe, By End-use Industry
9.3.4 Graphene Sheet Market Size in Europe, By Country
9.3.4.1 Germany
9.3.4.1.1 Graphene Sheet Market Size in Germany, By End-use Industry
9.3.4.2 France
9.3.4.2.1 Graphene Sheet Market Size in France, By End-use Industry
9.3.4.3 UK
9.3.4.3.1 Graphene Sheet Market Size in UK, By End-use Industry
9.3.4.4 Italy
9.3.4.4.1 Graphene Sheet Market Size in Italy, By End-use Industry
9.3.4.5 Spain
9.3.4.5.1 Graphene Sheet Market Size in Spain, By End-use Industry
9.3.4.7 Rest of Europe
9.3.4.7.1 Graphene Sheet Market Size in Rest of Europe, By End-use Industry
9.4 Asia-Pacific
9.4.1 Graphene Sheet Market Size in Asia-Pacific, By Type
9.4.2 Graphene Sheet Market Size in Asia-Pacific, By Application
9.4.3 Graphene Sheet Market Size in Asia-Pacific, By End-use Industry
9.4.4 Graphene Sheet Market Size in Asia-Pacific, By Country
9.4.4.1 China
9.4.4.1.1 Graphene Sheet Market Size in China, By End-use Industry
9.4.4.2 Japan
9.4.4.2.1 Graphene Sheet Market Size in Japan, By End-use Industry
9.4.4.3 South Korea
9.4.4.3.1 Graphene Sheet Market Size in South Korea, By End-use Industry
9.4.4.4 India
9.4.4.4.1 Graphene Sheet Market Size in India, By End-use Industry
9.4.4.5 Rest of Asia-Pacific
9.4.4.5.1 Graphene Sheet Market Size in Rest of Asia-Pacific, By End-use Industry
9.5 Middle East & Africa (ME&A)
9.5.1 Graphene Sheet Market Size in ME&A, By Type
9.5.2 Graphene Sheet Market Size in ME&A, By Application
9.5.3 Graphene Sheet Market Size in ME&A, By End-use Industry
9.5.4 Graphene Sheet Market Size in ME&A, By Country
9.5.4.1 South Africa
9.5.4.1.1 Graphene Sheet Market Size in South Africa, By End-use Industry
9.5.4.2 Rest of ME&A
9.5.4.2.1 Graphene Sheet Market Size in Rest of ME&A, By End-use Industry
9.6 South America
9.6.1 Graphene Sheet Market Size in South America, By Type
9.6.2 Graphene Sheet Market Size in South America, By Application
9.6.3 Graphene Sheet Market Size in South America, By End-use Industry
9.6.4 Graphene Sheet Market Size in South America, By Country
9.6.4.1 Brazil
9.6.4.1.1 Graphene Sheet Market Size in Brazil, By End-use Industry
9.6.4.2 Rest of South America
9.6.4.2.1 Graphene Sheet Market Size in Rest of South America, By End-use Industry
10 Competitive Landscape
10.1 Introduction
10.2 Market Share Analysis
10.3 Market Evaluation Framework
10.3.1 Product Launches and Developments
10.3.2 Expansions
10.3.3 Agreements, Collaborations, Joint Ventures, And Partnership
10.3.4 Mergers & Acquisitions
10.4 Competitive Leadership Mapping
10.4.1 Star
10.4.2 Emerging Leaders
10.4.3 Pervasive
10.4.4 Participants
11 Company Profiles
* (Business Overview, Products Mix, Recent Developments, MnM view)
11.1 Nanoxplore Inc.
11.2 Graphenea SA
11.3 Avanzare Innovacion Tecnologica S.L.
11.4 Global Graphene Group
11.5 Directa Plus S.P.A.
11.6 Haydale Graphene Industries plc
11.7 The Sixth Element (Changzhou) Materials Technology Co., Ltd.
11.8 Ningbo Morsh Technology Co., Ltd.
11.9 2D Carbon (Changzhou) Tech Inc., Ltd.
11.10 Suzhou Graphene Nanotechnology Co., Ltd.
11.11 JCNano Tech Co., Ltd.
11.12 Jiangsu Tianchuang New Material Technology Co., Ltd.
11.13 Nanjing XFNANO Materials Tech Co., Ltd
11.14 Enwang New Material Technology Co., Ltd.
11.15 Other Companies
*Details might not be captured in case of unlisted companies
Note: This is the tentative list, the top company names might change during the deep dive study. We will provide company profiles of major players in this market.
12 Appendix
The study involved four major activities to estimate the size of graphene sheet market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information for this study. These secondary sources include annual reports, press releases, investor presentations of companies, white papers, certified publications, trade directories, certified publications, articles from recognized authors, gold standard and silver standard websites, and databases.
Secondary research has been used to obtain key information about the value chain of the industry, monetary chain of the market, the total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, and regional markets. It was also used to obtain information about the key developments from a market-oriented perspective.
Primary Research
The graphene sheet market comprises several stakeholders in the value chain, which include raw material suppliers, manufacturers, distributors, and end users. Various primary sources from the supply and demand sides of the graphene sheet market have been interviewed to obtain qualitative and quantitative information.
The primary interviewees from the demand side include key opinion leaders in end-use sectors. The primary sources from the supply side include manufacturers, associations, and institutions involved in the graphene sheet industry.
The breakdown of profiles of the primary interviewees is illustrated in the figure below:
Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2021 available in the public domain, product portfolios, and geographical presence.
Other designations include consultants and sales, marketing, and procurement managers.
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Market Size Estimation
The top-down and bottom-up approaches have been used to estimate and validate the size of the graphene sheet market.
- The key players in the industry have been identified through extensive secondary research.
- The supply chain of the industry has been determined through primary and secondary research.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
- The research includes the study of reports, reviews, and newsletters of the key market players, along with extensive interviews for opinions with leaders such as directors and marketing executives.
Graphene Sheet Market: Bottum-Up Approach 1
Source: MarketsandMarkets Analysis
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Data Triangulation
After arriving at the total market size from the estimation process explained above, the overall market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated by using both the top-down and bottom-up approaches and primary interviews. Hence, for every data segment, there have been three sources—top-down approach, bottom-up approach, and expert interviews. The data was assumed correct when the values arrived from the three sources matched.
Report Objectives
- To define, describe, and forecast the size of the graphene sheet market, in terms of value and volume
- To provide detailed information regarding the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the market
- To estimate and forecast the market size based on type, application, end-use industry, and region
- To forecast the size of the market with respect to major regions, namely, Europe, North America, Asia Pacific, and Middle East & Africa, and South America along with their key countries
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and their contribution to the overall market
- To analyze opportunities in the market for stakeholders and provide a competitive landscape of market leaders
- To track and analyze recent developments such as expansions, new product launches, partnerships & agreements, and acquisitions in the market
- To strategically profile key market players and comprehensively analyze their core competencies
Available Customizations
Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
- Regional Analysis
Further breakdown of a region with respect to a particular country or additional application
- Company Information
Detailed analysis and profiles of additional market players
Growth opportunities and latent adjacency in Graphene Sheet Market