Global Biographene Market Size (2024 - 2030)

In 2023, the Global Biographene Market was valued at USD 188.5 Million and is projected to reach a market size of USD 1.18 Billion by 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 30%.

Industry Overview

In 2030, the graphene market will be worth USD 1192.49 million, with the Asia Pacific expected to hold the largest regional market share. The strongest, thinnest, and most thermally and an electrically conductive material in the world is thought to be graphene. Because graphene has the potential to revolutionize numerous industries related to electricity, conductivity, energy generation, batteries, sensors, and more, all of these characteristics are of great interest to researchers and businesses around the world. The sector is anticipated to have a tremendous amount of development potential thanks to ongoing R&D projects around the world and large-scale graphene production from renewable sources, including the use of value-added compounds.

Because of its carbon-rich structure and ability to be produced again and again, biomass waste has emerged as a new source for making graphene. This study summarises and discusses the research on the production of bio-based graphene from various biomass wastes. This research examines the procedures for producing bio-based graphene from biomass. Thermoexfoliation and carbon growth are the two methods used to thermally degrade biomass. By eliminating volatile material from the biomass polymer chain, the heat treatment aims to raise the carbon content. We talk about pre-treatments that help the biomass' intricate structure to be broken down while also cleaning the biomass of contaminants. Finally, a summary of the properties of bio-based graphene made from various biomass and thermal processing is provided.

Impact of Covid-19 on the Industry

The COVID-19 epidemic has caused a slowdown in the graphene market's growth in 2020. The world has been devastated by this deadly illness, but North America and Europe have been particularly hard hit. To stop the virus from spreading, businesses closed their operations and production facilities, which led to a decline in the use of graphene in the industrial aerospace, electronics, automotive, and other sectors.

However, the development of graphene technology and its applications increased significantly during COVID-19 as a result of its superior conductivity, flexibility, antibacterial, and antiviral potency. Protective gear, biosensors, medication delivery systems, and therapeutic systems based on graphene are being developed to combat COVID-19.

Market Drivers

Rising demand for consumer electronics will drive the market growth

The graphene market is projected to advance due to rising consumer spending power and rising demand for consumer devices like tablets and cell phones. To make cars lighter and safer, transparent conductive films formed of graphene oxide are used as raw materials.

Exceptional properties of graphene are promoted research and development

Due to its remarkable mechanical, electrical, and thermal properties, graphene is gaining more and more interest from investors, researchers, and industrial actors. Graphene is a critical material that will drive future product development in flexible electronics, smart fabrics, biosensors, medicine delivery, water filtration, supercapacitors, and other fields. It is readily available in multi-ton amounts from numerous sources.

Market Restraints

The high cost of Graphene creation will challenge the market growth

The process of making high-quality graphene is expensive and difficult.

Graphene can conduct electricity very well, thus it cannot be turned off. Scientists are attempting to fix this. The fundamental drawback of graphene as a catalyst is that it is sensitive to oxidizing conditions. Toxic chemicals are employed at high temperatures to create graphene. This causes it to have some harmful characteristics. Researchers have shown that the ultra-sharp edges of graphene may easily pierce cell membranes, allowing them to enter the cell and interfere with regular processes.

BIOGRAPHENE  MARKET REPORT COVERAGE:

This research report on the global biographene market has been segmented and sub-segmented based on Form, Application, Geography & region.

Global Bio-Graphene Market- By Form

• Powder
• Dispersion
• Other

According to form, the powder category will experience the fastest increase in the graphene industry over the next few years. The creation of storage batteries, sensors, and printing technology all use powdered graphene extensively. Additionally, the substance is more manageable as a powder than as flakes or a dispersion, which contributes to the popularity of this form.

Global Bio-Graphene Market- By Application

• Electrical & Electronics
• Composite
• Energy
• Biomedical
• Others

Historically, the graphene market’s application segment was controlled by the electrical & electronics category. Because of its significant electrical conductivity and excellent mechanical strength, graphene is employed in a variety of goods including flexible displays, touchscreen coatings, accurate sensors, and more.

Global Bio-Graphene Market- By Geography & Region

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa

The largest graphene market now is in Asia-Pacific (APAC), which will also have the fastest CAGR over the next few years. This carbon type is extensively used in China, particularly in the electrical and electronic, energy, and healthcare industries. In addition, graphene is increasingly being used, mostly in China and India, in the primary body frames of lightweight airplanes and automobiles.

Due to rising investments in R&D activities, the polyurethane market size in Europe, which was USD 94.74 million in 2020, is expected to maintain its dominance during the projected period. To propel the product into commercial markets, the European Union (EU) spent USD 1.16 billion on the Graphene Flagship in June 2019. To guarantee the product’s commercialization and make Europe an economic powerhouse for such innovations, this project will bring together industry and academic research institutes. The region’s increased demand for hybrid and electric vehicles has fueled the industry’s expansion as a result of the increased emphasis on environmental sustainability.

Due to the existence of small and medium-sized manufacturers in the region, the market in North America is predicted to rise at a significant rate. Strong research and development efforts, academic institutions, and manufacturers work together to produce next-generation graphene for the electronics and aerospace industries, which could increase demand for the commodity. The prevalence of aircraft manufacturers on a significant scale in the United States is also projected to increase demand for lightweight composite materials.

Global Bio-Graphene Market- By Companies

1. The Sixth Element (Changzhou) Materials Technology Co. Ltd.
2. Angstron Materials Inc.
3. Deyangene Carbon Technology Co. Ltd.
4. Ningbo Moxi Technology Co. Ltd.
5. Xiamen Knano Graphene Technology Co. Ltd.
6. XG Sciences Inc.
7. Applied Graphene Materials plc
8. 2-DTech Graphene
9. Graphenea S.A.
10. ACS Material LLC
11. NanoXplore Inc.
12. Thomas Swan & Co. Ltd.
13. Vorbeck Materials

NOTABLE HAPPENINGS IN THE GLOBAL GRAPHENEMARKET IN THE RECENT PAST:

• Merger & Acquisition: - In 2021, Thomas Swan & Co. Limited's strategic assets for a patented graphene processing technique were purchased by Mason Graphite Inc. through its subsidiary Black Swan Graphene Inc. The effect of this will boost the factory's productivity.
• Research & Development: - In 2021, Researchers from the School of Engineering and a specialized Chinese material company started working together to create graphene-based materials for use in waste treatment and purification applications. An agreement for six years and $1.64 million in collaborative research was inked by Jiangsu Dingying New Materials Co Ltd. and the University of Edinburgh.
• Research & Development: - In 2021, To expand the market for PureGRAPH graphene products in the Americas, First Graphene Ltd worked with Gerdau S.A. The variety of goods from First Graphene will only be sold through Gerdau S.A. in Brazil, South America, and the United States.