Graphene Composites Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Graphene Composites Market in 2025 is evaluated at USD 37.69 million. The global Market size was worth over USD 28.76 million in 2024 and is poised to grow at a CAGR of around 38.8%, reaching USD 2.04 billion revenue by 2037. North America is likely to bring in largest share by 2037, fueled by growing industrial sector and substantial investment in R&D for graphene composites.
The growth of this market is attributed to the lightweight graphene composites which help in the automotive and aircraft industry. Thermal durability, good stiffness, electrical conductivity, and lightweight quality are properties of graphene composites driving the growth of this market. Lightweight materials such as magnesium, and graphite composites require less energy as compared to normal steel or iron. Graphene composites can help reduce the vehicle weight by 10%-15% and this improves fuel efficiency to 6% – 10%. Graphene composite reduces the weight of automobiles at the same time it maintains the performance and safety of the vehicle as usual. As per our research, using lightweight components in vehicles can save more than 5 million of gallon fuel annually by 2030.
Also, there has been a tremendous rise in the research and development of graphene composition which is also driving the growth of this market. Factors such as supportive government guidelines and funds for research and development for incorporating new development and innovation in the production of graphene compositions and investment by key market players for development in graphene compositions are expected to drive growth in the forecast period. The United States and Canada are the epicenters of graphene composites research and development activities.
Graphene Composites Sector: Growth Drivers and Challenges
Growth Drivers
- Higher Flexibility and Light Weight of Graphene Composites – Graphene Composites are highly flexible and are light in weight which drives the growth of this market globally. Graphene composites are used in aircraft and automobiles to make them light in weight but at the same time, they must not compromise the performance and safety of the vehicle. The lightweight property of graphene composites can reduce vehicle weight by 10-15%.
- Increasing Application of Graphene Composites for Electronics – Growing application of graphene-based composites in the electronic industry is anticipated to drive the growth of this market in the forecast period. One of the most significant applications of graphene composite in electronic devices is that it works as a very good semiconductor in electronic devices. Besides, it is also used as a coating for changing touch screens in smartphones and also changing screens in monitors and televisions. For instance, graphene composites are capable of sparking next-generation electronics globally.
- Growing Research & Development Expenditure to Aid Growth – Growing investment and funds by government and market players of various regions in the research and development of the graphene composites market are propelling the growth of the market. Sixth Element Material Technology repeatedly invested in research and development to develop a novel formulation to enhance polymer-based composites' mechanical, electrical, and thermal properties.
- Growing Demand in End-User Industries – Graphene Composites have high demand in end-user industries including automotive, aircraft, aerospace, medical implants, renewables, and others. A study written for said India Brand Equity Foundation in July 2022 states that India produced 22.93 million cars in FY22.
Challenges
- High Cost of Graphene Composites – Graphene composites have a high potential to get employed in various end-user industries but their high cost restricts the market to grow more. Graphene is not a material, it is available in different forms and applied for different purposes in different forms. These different forms of graphene composites are high in cost.
- Lack of Adequate Production of Raw Materials
- Non-Availability of Good Production Amenities
Graphene Composites Market: Key Insights
| Report Attribute | Details |
|---|---|
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
38.8% |
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Base Year Market Size (2024) |
USD 28.76 million |
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Forecast Year Market Size (2037) |
USD 2.04 billion |
|
Regional Scope |
|
Graphene Composites Market Segmentation
End-user (Electronics, Building, Construction, Aerospace, Automotive, Paints, Energy Storage)
Automotive segment in graphene composites market is expected to hold remarkable revenue share by the end of 2037. Graphene composite helps in reducing the weight of the vehicle without compromising on the performance and safety of the vehicle at the same time the fuel inside the vehicle is used efficiently with the help of graphene composites. With one material users can get so many benefits at the same time. Graphene composite can help in reducing the weight by 10-15% without compromising the performance and safety of the vehicle. This also enhances fuel efficiency to 6% – 10%. Therefore, the automotive segment is expected to growth, As per the International Energy Agency, sales of electric cars rose to 2 million worldwide in 2019.
Product (Polymer-Based, Ceramic-Based, Metal-Based)
Polymer-based segment in graphene composites market is poised to hold substantial revenue share by the end of 2037. When polymer enters the graphene it develops superior properties such as mechanical, electrical, and thermal qualities which come in use in various end-user industries. Also owing to good processibility, lightweight and polymer-based graphene composites are used in the automotive and aerospace industries. The demand for polymer-based graphene is estimated to rise with the need for lightweight vehicles in the market and so many benefits of polymer-based graphene in the end-use industries.
Our in-depth analysis of the global market includes the following segments:
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By Product |
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By End User |
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Vishnu Nair
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Graphene Composites Industry - Regional Synopsis
North American Market Forecast
Graphene composites market in the North America is anticipated to gain the largest revenue share throughout the forecast period, attributed to the growing industrial sector. Graphene composites application could be highly seen in various end-user industries such as automotive, aerospace, packaging, construction, textile industry, and so on. These are generally beneficial for substantial expenditure on research and development which fuels the growth of the graphene composites market in the North American region. The graphene composites market is driven by mostly two areas that are the United States and Canada. These two places have the best research centers and universities where the research and development regarding new-generation graphene composites take place for the military, aerospace, and electronics industries. The United Nations is the homeland of market leaders of all types of graphene products. To provide lightweight aircraft with fuel efficiency without compromising on the performance and safety of aircraft graphene composites are needed to be used. For instance, in Boeing 787, 10-12% of fuel was saved with the help of lightweight aircraft material application. These are significant factors driving the market growth in the North America.
APAC Market Statistics
Graphene composites market in the Asia Pacific is estimated to witness noteworthy growth over the forecast period, attributed to the back of growing chemical manufacturing industry in developing countries, such as China, India, and Japan. Moreover, the growing import and export of chemicals are further estimated to boost regional market growth. However, the market in this region is expected to grow with the rising demand for electric vehicles in the Asia Pacific region. India and China are the most important areas driving the growth of graphene composites in the Asia-Pacific region. Owing to the growing demand for lightweight vehicles and fuel efficiency, the demand for graphene composites has seen to be increasing in this region. Additionally, a rise in the production of electric cars can be seen in this region which is also expected to fuel the market growth.
Companies Dominating the Graphene Composites Landscape
- Haydale Graphene Industries PLC
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Graphene NanoChem Plc
- NanoXplore Inc.
- Applied Graphene Materials plc.
- XG Sciences Inc.
- Directa Plus PLC
- Graphene Composites Limited
- Graphmatech AB
- Nano Graphene Inc.
- G6 Materials Corp.
Recent Developments
- G6 Materials Corp., the global developer of innovative graphene-based solutions, announced the installation and use of a new pilot-scale graphene oxide reactor.
- Colloids Ltd., a top masterbatch producer, announced the launch of advanced graphene with 2D polymer composites. The company has been around for more than 50 years and will be utilizing its ground-breaking Graphanced graphene masterbatch manufacturing technique.
- Report ID: 3917
- Published Date: May 08, 2025
- Report Format: PDF, PPT
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