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Graphene Oxide Market Size & Share, by Type (Powder-Based, Solution-Based); Application (Composites Materials, Electronic Devices, Water Filtration, Purification, Medical) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 3269
  • Published Date: Jan 12, 2023
  • Report Format: PDF, PPT
  1. Introduction
    1. Market Definition
    2. Market Segmentation
    3. Market Overview
  2. Assumptions and Acronyms
  3. Research Methodology
    1. Research Process
    2. Primary Research
      1. Manufacturers
      2. End Users
    3. Secondary Research
    4. Market Size Estimation
  4. Executive Summary
  5. Market Dynamics
    1. Drivers
    2. Restraints
    3. Opportunities
    4. Trends
  6. Regulatory & Standard Landscape
  7. Industry Risk Analysis
  8. Pricing Analysis of Global Graphene Oxide Market
  9. Value Chain Analysis
  10. Impact of COVID-19 on the Global Graphene Oxide Market
  11. Regional Analysis
  12. Analysis on Green Manufacturing Process of Graphene Oxide and Reduced Graphene Oxide
  13. Competitive Positioning
  14. Competitive Landscape
    1. Market Share Analysis, 2022
    2. Competitive Benchmarking
    3. E Way Technology Co., Ltd
      1. Detailed Overview
      2. Assessment of Key Offering
      3. Analysis of Growth Strategies
      4. Exhaustive Analysis on Key Financial Indicators
      5. Recent Developments
    4. Nanoinnova Technologies SL
    5. Graphenea Inc.
    6. Global Graphene Group
    7. Cheap Tubes Inc.
    8. BGT Materials Limited
    9. ACS Materials LLC
    10. Garmor Inc.
    11. CVD Equipment Corporation
    12. E Way Tecnology Co. Ltd.
    13. Applynano Solutions S.L.
    14. Avanzare Innovación Tecnólogica S.L.
  15. Global Graphene Oxide Market Outlook
    1. By Value (USD million)
    2. By Type
      1. Powder-Based, 2022-2033F (USD Million)
      2. Solution-Based, 2022-2033F (USD Million)
    3. By Application
      1. Composites Materials, 2022-2033F (USD Million)
      2. Electronics Devices, 2022-2033F (USD Million)
      3. Water Filtration and Purification, 2022-2033F (USD Million)
      4. Medical, 2022-2033F (USD Million)
      5. Others, 2022-2033F (USD Million)
    4. Global Graphene Oxide Market by Region
      1. North America, 2022-2033F (USD million)
      2. Europe, 2022-2033F (USD million)
      3. Asia-Pacific, 2022-2033F (USD million)
      4. Latin America, 2022-2033F (USD million)
      5. Middle East & Africa, 2022-2033F (USD million)
  16. North America Graphene Oxide Market Outlook
    1. By Value (USD million)
    2. By Type
      1. Powder-Based, 2022-2033F (USD Million)
      2. Solution-Based, 2022-2033F (USD Million)
    3. By Application
      1. Composites Materials, 2022-2033F (USD Million)
      2. Electronics Devices, 2022-2033F (USD Million)
      3. Water Filtration and Purification, 2022-2033F (USD Million)
      4. Medical, 2022-2033F (USD Million)
      5. Others, 2022-2033F (USD Million)
    4. By Country
      1. US, 2022-2033F (USD Million)
      2. Canada, 2022-2033F (USD Million)
  17. Europe Graphene Oxide Market Outlook
    1. By Value (USD million)
    2. By Type
    3. By Application
    4. By Country
      1. UK, 2022-2033F (USD Million)
      2. Germany, 2022-2033F (USD Million)
      3. Italy, 2022-2033F (USD Million)
      4. France, 2022-2033F (USD Million)
      5. Spain, 2022-2033F (USD Million)
      6. Russia, 2022-2033F (USD Million)
      7. Netherlands, 2022-2033F (USD Million)
      8. Rest of Europe, 2022-2033F (USD Million)
  18. Asia Pacific Graphene Oxide Market Outlook
    1. By Value (USD million)
    2. By Type
    3. By Application
    4. By Country
      1. Australia, 2022-2033F (USD Million)
      2. Japan, 2022-2033F (USD Million)
      3. Singapore, 2022-2033F (USD Million)
      4. South Korea, 2022-2033F (USD Million)
      5. India, 2022-2033F (USD Million)
      6. China, 2022-2033F (USD Million)
      7. Rest of Asia Pacific, 2022-2033F (USD Million)
  19. Latin America Graphene Oxide Market Outlook
    1. By Value (USD million)
    2. By Type
    3. By Application
    4. By Country
      1. Brazil, 2022-2033F (USD Million)
      2. Argentina, 2022-2033F (USD Million)
      3. Mexico, 2022-2033F (USD Million)
      4. Rest of Latin America, 2022-2033F (USD Million)
  20. Middle East and Africa Graphene Oxide Market Outlook
    1. By Value (USD million)
    2. By Type
    3. By Application
    4. By Country
      1. GCC, 2022-2033F (USD Million)
      2. Israel, 2022-2033F (USD Million)
      3. South Africa, 2022-2033F (USD Million)
      4. Rest of Middle East & Africa, 2022-2033F (USD Million)

 

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

Graphene Oxide Market size is poised to cross USD 2.71 Billion by the end of 2033, growing at a CAGR of 32% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of graphene oxide was over USD 0.13 Billion. The growth of the market can be attributed to the rising demand for electric vehicles and the batteries installed in them. Graphene boosts the lifespan of EV batteries, moreover, they provide higher energy, faster charging, and are far more sustainable than lithium-ion batteries. In 2020, the demand for batteries for the electric vehicle was nearly 110 gigawatt hours. Moreover, by 2030, around 3,500 GWh of EV batteries will be needed worldwide. Furthermore, it is expected that the demand is likely to increase 600 times and reach around 6500-gigawatt hours by the end of 2050.

In addition to these, with the use of graphene-made films, the contaminants and others substances are blocked during the filtration process. Moreover, graphene contributes in making sustainable, lighter, and energy-efficient water desalinators and filters.  Therefore, the factors that are believed to fuel the market growth of the graphene oxide market include the rising investment in treating wastewater from various industries. Large industrial wastewater treatment facilities require capital expenditures that range from USD 20,000 to USD 40,000 per cubic meter per hour (m3/h). Moreover, the use of graphene in biomedical technology is expected to boost market growth. For instance, in order to create transistors for diverse biological applications. Aran, an American biomedical entrepreneur collaborated with the Cardea Bio team, to develop a 15-transistor gadget that performs two COVID tests at home. The tool provides molecular and quantitative results and detects SARS-CoV-2 viral RNA or spike proteins.

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Graphene Oxide Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Need for Water Treatment– Owing to graphene’s hydrophilic nature, they are highly used in making thin films used for water treatment. According to the United Nations, in 2020, 1.2 billion people lacked even the most basic level of water sanitation service, making two billion people without access to safely managed drinking water services. Moreover, in rural areas, every 8 out of 10 individuals lack clean drinking water.
  • Higher Adoption of Battery– Graphene-based batteries are the revolutionizing technology, as graphene is known to increase the battery life’s span and also facilitate faster charging. By 2030, the demand for batteries is anticipated to have increased from around 185 GWh to more than 2,000 GWh.
  • Technological Advancement in Graphene Products– Appear Inc, a San Francisco-based electronics setup, launched the world’s lightest 5g smartphone powered by graphene battery. The phone has water-resistant technology moreover, the graphene-made battery is very long-lasting and have charging capabilities.
  • Growing Popularity of Electric Vehicles– As per the data of the International Energy Agency, in 2021, sales of electric vehicles including completely electric and plug-in hybrids doubled to 6.6 million. Additionally, in the first quarter of 2022, 2 million electric automobiles were sold worldwide, a three-fourth increase from the same period the previous year.
  • Efforts Put by Government to Boost Graphene Production– The biggest research initiative taken by European Union, the Graphene Flagship published more than 3800 research paper in 2020 and introduced two large large-scale production systems for graphene in the same year. Moreover, The Graphene Flagship's academic and commercial partners worked together to develop graphene-enabled silicon batteries and increased its capacity by approximately 30%.

Challenges

  • Lack of mass production of graphene oxide
  • High price of material required for the production of graphene oxide
  • Lack of availability of raw material for manufacturing graphene batteries - Graphene battery is a breakthrough technology but has various limitations, such as lack of raw material. Additionally, these graphene oxide-based batteries cannot be switched off, as they have electrons present everywhere and lack a bandgap. These batteries have poor capacity retention. Therefore, these factors are likely to hinder market growth.

Graphene Oxide Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

32%

Base Year Market Size (2022)

USD 0.13 Billion

Forecast Year Market Size (2033)

USD 2.71 Billion

Regional Scope
  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Graphene Oxide Segmentation

The global graphene oxide market is segmented and analyzed for demand and supply by application into composites materials, electronic devices, water filtration and purification, medical, and others. Out of the five types of application, the electronics devices segment is estimated to gain the largest market revenue of USD 938.9 million at the end of 2033, by growing at a CAGR of 31.6% over the projected time frame. Moreover, the market generated a revenue of USD 47.3 million in 2022. The growth of the segment can be attributed to the increase in the adoption of smartphones as they require batteries to function. Moreover, many smartphones have installed graphene-based batteries owing to its exceptional efficiency.  In addition to being superior to lithium batteries, graphene batteries can also fully charge a phone in under 30 minutes. Furthermore, in 2021, more than 1 billion phones were sold all across the world. Moreover, in comparison with the around 27% of mobile users in 2010, it is predicted that about 87 percent of all mobile users in the US would have a smartphone by 2025. On the other hands, the growing penetration of electric cars in the market is expected to propel the segment growth. The global sales of electric cars increased by more than 60% in 2022, and in the first eight months of 2022, nearly 6 million cars were sold.

The global graphene oxide market is also segmented and analyzed for demand and supply by type into powder-based, and solution-based. Out of the two segments, the solution-based segment is expected to grow at a CAGR of 32.6% over the forecast period. Graphene solutions are highly used in making chargers and super-capacitors, they are carbon water, and are completely safe and environmentally friendly. The segment growth is attributed to growing sales of electrical devices as they need periodical charging to function.  In India, in comparison to 2019, the sale of consumer electronics and appliances expanded by nearly 9% in 2021. Moreover, in the third quarter of 2022, more than 100 million units of PCs, tablets, and laptops were sold.

Our in-depth analysis of the global graphene oxide market includes the following segments:

       By Type
  • Powder-Based
  • Solution-Based

       By Application
  • Composites Materials
  • Electronic Devices
  • Water Filtration and Purification
  • Medical
  • Others

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Graphene Oxide Industry - Regional Synopsis

Asia Pacific Market Forecast

The Asia Pacific graphene oxide market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The market in the region is estimated to garner the largest revenue of USD 1041.6 million at the end of 2033, by growing at a CAGR of 31.4% over the forecast period. In addition to this, in 2022, the market in the Asia Pacific collected a revenue of USD 53.4 million. The growth of the market in the region can be attributed majorly to the rising need to treat wastewater and the alarming shortage of clean water in a few nations in the Asia Pacific region. India is among the most water-stressed in the world because it has 18 percent of the world's population but just 4 percent of the water resources. Moreover, India's current water treatment capacity is nearly 27%, and its current sewage treatment capacity is about 19 % and around 5% of capacity has been further added. Moreover, the treatment capacity of waste and sewage water in India is higher than the average capacity of other nations which is around 20%. Furthermore, the increasing efforts to boost the production of graphene in the region is expected to augment the Asia Pacific’s market growth. For instance, in order to boost the graphene supply, Chinese researchers have begun producing graphene from corn. This innovation could make graphene more affordable, and also considerably increase the material's supply. Moreover, the largest manufacturer of graphene nanotubes, OCSiAl, now has Daikin Industries Ltd. of Japan as a shareholder. A USD 2 billion cooperation deal between the two businesses has been signed to create, manufacture, and commercialize graphene nanotube solutions for fluoropolymers and next-generation Li-ion batteries.

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Companies Dominating the Graphene Oxide Landscape

top-features-companies
    • E Way Technology Co. Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Nanoinnova Technologies SL
    • Graphenea Inc.
    • Global Graphene Group
    • Cheap Tubes, Inc.
    • BGT Material Limited
    • ACS Materials, LLC
    • Garmor Inc.
    • CVD Equipment Corporation
    • Applynano Solutions S. L.
    • Avanzare Innovacion Technologica S.L.

In the News

  • July 2021: Garmor Inc. announces its acquirement by Asbury Carbobs Inc., the major manufacturer of carbon and graphite materials. Through this acquisition, Asbury plans to continue the production of Edge Functionalized Graphene (EFG) in an environmentally friendly manner. Moreover, they also aim at boosting their growth strategy with the diversification of different products.

  • February 2020: ACS Material LLC, announced the launch of Graphene TEM Support Films, these films enable transmission electron microscopy (TEM) imaging to produce clearer images with no distraction.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 3269
  • Published Date: Jan 12, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising prevalence of electric vehicles, higher government efforts to propel graphene production and growing demand for smartphones are the major factors driving the market growth.

The market is anticipated to attain a CAGR of 32% over the forecast period, i.e., 2023-2033.

Slow mass production of graphene oxide, problems associated with its battery and high cost of equipment are estimated to be the growth hindering factors for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Nanoinnova Technologies SL, Graphenea Inc., Global Graphene Group, Cheap Tubes, Inc., BGT Material Limited, ACS Materials, LLC, Garmor Inc., CVD Equipment Corporation, Applynano Solutions S. L., Avanzare Innovacion Technologica S.L., and E Way Technology Co. Ltd.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, application, and by region.

The electronic devices segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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