Asia Pacific Graphene Market Size, Share & COVID-19 Impact Analysis, By Product (Graphene Oxide, Graphene Nanoplatelets (GNP), and Others), By End-use Industry (Electronics, Aerospace & Defense, Energy, Automotive, and Others), and Regional Forecast, 2022-2030

Asia Pacific is the fastest-growing and dominant region in the global graphene market. The Asia Pacific graphene market size is projected to grow at a CAGR of 34.8% during the forecast period. The global graphene market size is projected to grow from USD 432.7 million in 2023 to USD 2,957.9 million by 2030.

The growing adoption of graphene has led key market players in the region to increase their presence to capture more markets. It has increased demand from the electrical & electronics industry. Graphene has electrical conductivity properties. Therefore, the material is anticipated to contribute to its growing application in touchscreen displays, light-emitting diodes, and electronic transistors.

Our report on the Asia Pacific graphene market share covers the following countries/regions – China, India, Japan, South Korea, and the Rest of Asia Pacific.

LATEST TRENDS

Growing Electronic Industry Offers New Growth Opportunities for Market Development 

Graphene films are the substitutes for indium tin oxide. Indium tin oxide, which is a commercial product, is widely used on screens of tablet computers and smartphones as an electrode and transparent conductor in solar cells and OLEDs. The material can absorb a large amount of white light, which can be useful for the production of photovoltaic cells. Growing demand for touchscreen technologies and products is expected to drive the Asia Pacific market growth.

DRIVING FACTORS

Growing Adoption from the Electrical & Electronics Industry to Accelerate Market Growth

Graphene has exceptional electrical conductivity and high thermal properties. It has lightweight nature and thus, is specifically demanded in electronics applications. The electrons found in carbon allotrope contain major mobility. Due to this, it speeds up more when an electric field is applied with comparison to semiconductors, which are majorly demanded in electronic applications including silicon. Due to such properties, the product has increasing demand in the electronics industry.

RESTRAINING FACTORS

Growing Environmental Awareness Limits the Market Growth

The growth from various end-use industries is propelling the market. However, there are a few concerns regarding the material and also its role, which is sustainability in the future. As per the study conducted in Riverside Bourns of Engineering, the University of California, graphene oxide nanoparticles found in lakes and streams may show a negative environmental impact when it is released into nature. GO may be hazardous for humans as well as nature; hence, it is vital for the Environmental Protection Agency (EPA). Such factors are expected to restrict the market growth.

KEY INDUSTRY PLAYERS

In terms of the competitive landscape, Platonic Nanotech, Miraculum Graphene Pvt. Ltd., and Xiamen Knano Graphene Technology Corporation Limited are the major companies in the Asia Pacific market. They hold a strong presence due to its product offerings, and effective R&D investments to accelerate product launches during the forecast period.

Other prominent players such as NeoGraf Solutions and Applied Graphene Materials are also leading the market due to their strong distribution network coupled with a diverse product portfolio. The above companies focus on strengthening their product portfolio and their distribution network with the help of strategic partnerships and collaboration. This will increase companies’ market share in the Asia Pacific.

LIST OF KEY COMPANIES PROFILED:

• AdNano Technologies Pvt Ltd, (India)


• Miraculum Graphene Pvt. Ltd (India)


• Platonic Nanotech (India)


• Carborundum Universal Limited (India)


• China Carbon Graphite Inc. (Royal Elite New Energy Science & Technology (Shanghai) Co. Ltd) (China)


• Applied Graphene Materials (U.K.)


• NeoGraf Solutions (U.S.)


• Xiamen Knano Graphene Technology Corporation Limited (China)

KEY INDUSTRY DEVELOPMENTS:

• November 2021: NeoGraf Solutions started to produce graphite (GNP) materials under the Graf-X brand. The company can produce about 750 metric tonnes of GNP material annually. The company’s graphite precursors (GP), which amount to about 1,300 tonnes, are made of graphite and intended to transform graphite materials efficiently.


• July 2021- AGM introduced an innovative new series of eco-friendly GNP dispersions. These dispersions will enable coatings, paints, and composite material consumers to develop the sustainability of their various product formulations.

REPORT COVERAGE

The report provides qualitative and quantitative insights into the market and a detailed analysis of the Asia Pacific market size & growth rate for all possible segments in the market. Along with the Asia Pacific market forecast, the research report provides an elaborative analysis of the market dynamics and competitive landscape. Various key insights presented in the report are an overview of the number of procedures, an overview of price analysis of types of products, an overview of the regulatory scenario by key countries, pipeline analysis, new product launches, key industry developments – mergers, acquisitions & partnerships and the impact of COVID-19 on the market.

Report Scope & Segmentation