According to Fortune Business Insights, The global graphene market size was valued at USD 694.0 million ****in 2024. The market is projected to grow from USD 941.1 million in 2025 ****to USD 8,329.9 million by 2032, exhibiting a CAGR of 36.5% during the forecast period. Asia Pacific dominated the graphene market with a market share of 28.76% in 2024.
Graphene is a carbon allotrope made up of a monolayer of atoms arranged in a 2D honeycomb lattice nanostructure. Increasing number of R&D activities for sensors made from graphene is expected to drive the market growth. With high thermal and electrical conductivity, there has been an increase in demand for the product. Fortune Business Insights™ shares this information in its report titled “Graphene Market, 2025-2032.”
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Segments
GNP to Lead Due to Demand from Aerospace and Automotive Industries
On the basis of product, the market is segmented into Graphene Oxide (GO), Graphene Nanoplatelets (GNP), and others. Graphene Nanoplatelets (GNP) held the majority part in 2022 owing to increasing demand for lightweight composite materials in the aerospace and automotive industries. Several R&D activities are being performed to commercialize GNP production. Graphene Oxide (GO) is also expected to show a significant growth due to growing demand for nanotechnology in the electronics and semiconductor industries.
Aerospace & Defense Segment to Lead as the Product is Used to Improve the Functionality of Coatings
Based on end-use industry, the market is segmented into electronics, aerospace & defense, automotive, energy, and others. Graphene in the aerospace industry is used to improve the functionality of coatings and composites used in planes, drones, helicopters, and spaceship manufacturing. The automotive industry also requires improvement in vehicle dimensional stability.
Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
List of Key Players Profiled in the Report