Graphene Market Size, Share, Growth Analysis, By Type (Bulk Graphene, Monolayer Graphene), By Source (Graphite, Graphite Oxide), By Application, By End-Use Industry, By Region - Industry Forecast 2025-2032

In 2023, Asia-Pacific accounted for a 32.9% graphene market share. As the region has numerous producers and customers, it is one of the major factors affecting the demand for graphene. Over the projection period, growth in production volumes in various sectors such as aerospace, military, marine, and automotive is expected to propel the graphene sector in this region. China with its beneficial government support for investments in the manufacturing sector is predicted to be an important market for all the companies projected over the forecasting years. Stringent government regulations have been proposed to ensure funding for graphene R&D.

High growth in North America is expected to be observed with increasing demands for composites in aerospace and automotive sectors. Graphene, a lightweight composite material, is also an area of focus for giant aircraft makers such as Boeing in an effort to boost the efficiency and productivity of aircraft. The US is the largest market in North America and is a significant exporter of goods based on graphene to other countries that are unable to produce graphene. As the industry is increasingly focusing on R&D activities, many collaborations have emerged between manufacturers and research institutes in recent times. The demand is anticipated to increase with the increasing number of end-use applications along with ongoing improvements.