Middle East & Africa 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

The Middle East & Africa is expected to register positive growth in the global graphene market. The Middle East & Africa graphene market size is projected to grow at a CAGR of 25.9% during the forecast period. The global market for graphene is projected to grow from USD 432.7 million in 2023 to USD 2,957.9 million by 2030.

The market is expected to be driven by rising demand from research institutes and multinational companies for R&D, thereby driving the Middle East & Africa graphene market growth. During the forecast period, the Middle East & Africa market is anticipated to develop at a moderate rate. Due to its exceptional qualities, including thermal conductivity, tensile strength, and electrical conductivity, the demand for graphene-based products is rising from the automotive industry.

Our report on the Middle East & African market covers the following countries/regions – South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa.

LATEST TRENDS

Growing Trends toward the Electronics and Telecommunication Sector Expected to Drive Market Growth

The telecommunication and electronics sector uses graphene for various applications such as supercharged batteries, unbreakable touchscreens, transistors, printed electronics, conductive inks, and optical electronics. The demand for graphene is increasing due to the growth in production for gaming systems, portable computing devices, cellular phones, and more personal electronic devices.

DRIVING FACTORS

Increasing Investments and R&D Activities in Various Industries are Propelling the Market Growth  

The consumption of graphene in various industries such as electronics, aerospace, and automotive is anticipated to rise during the forecast period. Graphene is on high demand in consumer electronics applications such as tablets and mobile phones due to its properties such as electrical & thermal conductivity, permeability, transparency, and strength. Use of graphene material in the smartphone industry is expected to replace and modernize touchscreen technology across the globe. Therefore, key players are increasing their R&D activities and investments to capture market share.

RESTRAINING FACTORS

Lack of Standardization in the Graphene Industry to Limit Market Growth

Graphene is an emerging industry in the global as well as in the Middle East & Africa region. The industry is in the initial phase of making rules and regulations. Therefore, there is no clarity in the regulations and standardization. Many manufacturers are producing different types of products, which cause much diversification and confusion in the industry. However, the Graphene Council Standards Task Force is the leading platform for people and companies that are interested in the research, development, and application of graphene worldwide.

KEY INDUSTRY PLAYERS

In terms of the competitive landscape, Dexterousdmcc and MedadHolding are the prominent players in the Middle East & Africa market, due to their strong product offerings, and active involvement in R&D investments for the acceleration of product launches and approvals in the forecast period.

Other key players such as Graphene Manufacturing Group Ltd. and Nanowerk are also leading the market due to the diverse aesthetic indications for their product portfolio coupled with their strong distribution network. Some of the other major players are as below. These companies are focused on strengthening their product portfolio and distribution network through partnerships and strategic collaboration to increase their Middle East & Africa graphene market share.

LIST OF KEY COMPANIES PROFILED:

• Graphene Manufacturing Group Ltd. (Australia)


• Nanowerk (UAE)


• Dexterousdmcc (UAE)


• Haydale Graphene Industries plc (U.K.)


• Graphenea (U.S.)


• ACS Material (U.S.)


• XG Sciences (U.S.)


• Global Graphene Group (U.S.)


• Applied Graphene Materials (U.K.)


• MedadHolding (UAE)


• Senhasegura (MEA)

KEY INDUSTRY DEVELOPMENTS:

• December 2022: Senhasegura raised USD 13 million in investment from Graphene Ventures to capture the market in Middle East & Africa.

REPORT COVERAGE

The research report provides qualitative and quantitative insights into the market and a detailed analysis of the Middle East & Africa market size & growth rate for all possible segments in the market. Along with the market forecast, the 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