Graphene Oxide Market was valued at USD ~2 Bn in 2022 & is expected to grow at a CAGR of 30% from 2023-2030. Globally, energy utility and automotive & transportation industries is adopting graphene oxide which is used in manufacturing of solar cells and as electrodes of lithium-ion batteries. Owing to such factors, the demand of graphene oxide is increasing which is produced from the oxidation of graphite. Therefore, with the increasing production of graphite, supply of graphene oxide would also propel. For instance, the production of natural graphite, a key raw material to produce graphene, has increased to 1,128.2 thousand tons in 2019 from 981.1 thousand tons in 2010. However, in the light of COVID-19. the production had decreased to 909.7 thousand tons in 2020.
Graphene oxide is distinctly associated to electrodes for energy storage systems supercapacitors and lithium batteries. Today lithium batteries possess maximum energy capacitance. Li-ion batteries have been the primary solutions for automakers to power plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs). High-energy density, charge retention capacity, and low maintenance are some of the benefits that have accelerated the growth of Li-ion as a battery technology.
Other factor driving the growth of the graphene oxide market globally is high focus of the companies worldwide to make much more technologically enabled & cost-efficient solar cells and lithium-ion batteries.
ACS Material, LLC, Allightec Co., Ltd, BGT Materials Limited, Cheap Tubes Inc, E Way Technology Co. Ltd., Garmor Inc., Graphenea Inc., Nanoinnova Technologies Sl, United Nanotech Innovations Pvt Ltd, Angstron Materials Inc are some of the prominent players operating in the global graphene oxide market. Several M&As along with partnerships have been undertaken by these players to facilitate countries with more innovative graphene oxide applications.
Insights Presented in the Report
“Amongst type, powder-based holds a considerable market share.”
Based on type, the graphene oxide market is categorized into powder-based graphene oxide and solution-based graphene oxide. Powder-based graphene oxide is noted for its mechanical and thermal properties. The raw material graphite is chemically processed to obtain monolayer flakes of graphene oxide.
“Amongst application, energy held lucrative market share in 2020.”
Based on application, the graphene oxide market is divided into medical, energy, electronic devices, composite materials, catalytic oxidation, and others. Graphene oxide films can be deposited on essentially any substrate, and later converted into a conductor. Therefore, graphene oxide is especially fit for use in the production of transparent conductive films (TCF), like the ones used for flexible electronics, solar cells, chemical sensors. Governments focuses on green energy is propelling the demand for renewable power sources. Graphene oxide is extensively used in the production of TCF which is further used in manufacture of solar cells. Therefore, increase in demand of solar panels would result in increased TCF production which requires graphene oxide thereby fueling its demand.
“Asia Pacific represents as the largest market in the Global Graphene Oxide Market.”
For a better understanding of the market adoption of graphene oxide, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Currently, Asia Pacific held lucrative market share and is expected to grow throughout the forecast period due to huge investments in clean energy by government and private players.
Graphene Oxide Market Report Coverage
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Global Graphene Oxide Market Covid-19 Impact
6. Global Graphene Oxide Market Revenue (usd Bn), 2019-2027f
7. Market Insights By Type
8. Market Insights By Application
9. Market Insights By Region
10. Graphene Oxide Market Dynamics
11. Graphene Oxide Market Opportunities
12. Graphene Oxide Market Trends
13. Legal & Regulatory Framework
14. Demand And Supply Side Analysis
15. Value Chain Analysis
16. Competitive Scenario
17. Company Profiled
18. Disclaimer
Research Methodology for Global Graphene Oxide Market Analysis (2023-2030)
Analyzing the historical market, estimation of the current market, and forecasting the future of global graphene oxide were the three major steps undertaken to create and analyze the adoption of graphene oxide across various segments in North America, Europe, Asia Pacific, & Rest of the world. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the graphene oxide sector. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detailed secondary study was conducted to obtain the historical market size of the graphene oxide through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the graphene oxide market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report are as type and application. Further regional & country-level analyses were conducted to evaluate the overall adoption of graphene oxide in the global context.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of graphene oxide. Further, we conducted factor analysis using dependent and independent variables like upsurging consumer electronics industry. Historical trends and their year-on-year impact on the market size and share in the recent past were analyzed. Demand and supply side scenario was also thoroughly studied.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global graphene oxide market, and market shares of the segments. All the required percentage split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., bottom-up approach was applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major countries. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global graphene oxide market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type and application.
The main objective of the Graphene Oxide Market Study
The current & future market trends of graphene oxide were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends determine the overall attractiveness of the market at a global & country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
Deep dive regional & country level analysis of the industry
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