North America Graphene Market

The graphene market in North America is expected to grow from US$ 194.04 million in 2021 to US$ 1,695.11 million by 2028. It is estimated to grow at a CAGR of 36.3% from 2021 to 2028.

Graphene is a material composed of pure carbon, identical to graphite but with characteristics that make it incredibly light and strong. Its wide-ranging applications include aerospace, automotive, coatings, additive manufacture, composites, concrete & cement, conductive ink, electrochemical, electronics, energy generation, energy storage, lubricants, magnets, and medical. Graphene is used to produce lighter and impact-resistant aircraft and helicopter structures. Due to the high electrical conductivity of graphene, it is possible to create deicing systems integrated into wings.

Further, graphene is used to manufacture building materials, such as paints and coatings. Due to its superior electrical and thermal conductivity, graphene can help produce various conductive paints. Moreover, 2D graphene materials with a sp2 carbon atom structure possess exceptional electrical conductivity and can be used in light and electric energy storage and conversion applications. Graphene applications in biomedicine are categorized into several major areas, such as transport (delivery) systems, sensors, tissue engineering, and biological agents.

Graphene can be used in myriad applications in the automotive industry, including composite structural components, automotive batteries, and tires. The high conductivity and visual transparency of graphene make it a valuable material in several user interfaces, consisting of touchscreens and liquid-crystal displays. These interfaces are increasingly showing up in the dashboards of new vehicles.

Furthermore, graphene can provide additional functionality to tires, such as sensors for autonomous vehicles. These sensors can offer data about driving conditions through their contact with the road, enabling safer and more efficient vehicle control. The government's support for developing a metal-free dashboard, improving automotive functionality, reducing production costs for manufacturers, and decreasing fuel consumption for end-users is anticipated to drive the demand for graphene in the automotive industry during the forecast period. For instance, G+BOARD is a newly launched spearhead project by the Graphene Flagship, which aims to include a unique graphene-based dashboard. The dashboard will feature conductive patterns, sensors, and devices based on multifunctional graphene or reduced graphene oxide. The project will replace the copper wiring and buttons presently used in car dashboards, reducing the number of production steps and vehicle weight while enhancing aesthetics and recyclability. Therefore, graphene's wide application scope and the rising government support are expected to drive the market over the next few years.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America graphene market at a substantial CAGR during the forecast period.

North America Graphene Market Revenue and Forecast to 2028 (US$ Million)

North America Graphene Strategic Insights

Strategic insights for the North America Graphene provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Graphene Report Scope

North America Graphene Regional Insights

The geographic scope of the North America Graphene refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

North America Graphene Market Segmentation

The North America graphene market is analyzed on the basis of type, application, and country. Based on type, the market is segmented into monolayer and bilayer, graphene nano-platelets, graphene oxide, and others. In 2020, the graphene oxide segment held the largest share of the market. The graphene nano-platelets segment is expected to register a higher CAGR during the forecast period. Based on application, the market is segmented into composites, functional inks, paints & coatings, energy storage, electronics, polymer additives, RFID, and others. In 2020, the electronics segment held the largest market share. The energy storage segment is expected to register the highest CAGR in the market during the forecast period.

Based on country, the North America graphene market is segmented into the US, Canada, and Mexico. In 2020, the US held the largest market share. It is also expected to rise at the fastest CAGR during the forecast period.

XG Sciences; The Sixth Element Materials Technology Co., Ltd; Global Graphene Group; NanoXplore Inc.; Graphenea, Inc.; Directa Plus S.p.A; AVANZARE INNOVACION TECNOLOGICA SL; Thomas Swan & Co. Ltd.; Morsh; and Perpetuus Advanced Materials PLC are the leading companies in the North America graphene market.