04.05.24
MarketsandMarkets new report, "Graphene Market by Type (Bulk, Monolayer), Application (Composites, Paints, Energy Storage, Electronics, Catalyst and Tire), End-use Industry (Automotive, Aerospace, Electronics, Military and Construction) and Region - Global Forecast to 2025," estimates that the global graphene market size is expected to grow from USD $620 million in 2020 to USD $1,479 million by 2025, at a CAGR of 19% during the forecast period.
Graphene is being used in the automotive and transportation, aerospace, electronics, military and defense and other end-use industries. The increasing use of graphene-based composites materials in the automotive and transportation industry is expected to drive the demand.
The mass production of high-quality and defect-free graphene is still a restraint for all graphene manufacturers as the manufacturing process of graphene is cost-intensive and time-consuming. Maintaining the quality and up scaling the graphene production at the same time are difficult.
Graphene is being used in the automotive and transportation, aerospace, electronics, military and defense and other end-use industries. The increasing use of graphene-based composites materials in the automotive and transportation industry is expected to drive the demand.
The mass production of high-quality and defect-free graphene is still a restraint for all graphene manufacturers as the manufacturing process of graphene is cost-intensive and time-consuming. Maintaining the quality and up scaling the graphene production at the same time are difficult.