Global Graphene Composites Market 2025 – 2034

As per the current market research conducted by the CMI Team, the Global Graphene Composites Market is expected to record a CAGR of 25.4% from 2025 to 2034. In 2025, the market size is projected to reach a valuation of USD 38.1 million. By 2034, the valuation is anticipated to reach USD 267 Million.

Graphene Composites Market Overview

A two-dimensional honeycomb lattice of carbon atoms is called graphene; despite weighing only 0.0077 grams, a single square meter of graphene could hold up to 4 kg. This implies it is very strong, composited along with thin and light. Composite materials are created by mixing two or more elements with distinct properties to create a final product with special qualities. They are also known as composition materials or just composites.

These components stay separate within the finished composite structure rather than blending or dissolving together. As composite materials combine their many components, they can be created to be stronger, lighter, or more durable than standard materials.

The graphene composites market is influenced by several factors, including rising demand for lightweight & strong materials, expanding use in electronics & energy storage, increasing adoption in the biomedical sector, growing demand for EVs, and advancements in manufacturing & scalability. However, the high production cost might be hampering the industry’s expansion.

• Almost 14 million new electric cars were registered globally in 2023, bringing their total number on the roads to 40 million, closely tracking the sales forecast from the 2023 edition of the Global EV Outlook (GEVO-2023).

Graphene Composites Market Growth Factors

Growing Demand For Lightweight Materials Drives Market Growth

Graphene’s favorable properties, such as electrical conductivity, exceptional stiffness, thermal resistance, and lightweight character, make it widely used in the aerospace and automotive sectors due to the demand for lightweight materials in the sectors. These materials are helping the present vehicle to reduce fuel consumption without sacrificing performance.

Among lightweight materials that require less energy to accelerate than traditional steel and cast iron are graphene composites, high-strength steel, and magnesium (Mg) alloys. Because they can lower the weight of the vehicle by 10% to 15%, innovations such as graphene composites provide many opportunities to increase vehicle economy. This vehicle weight reduction causes fuel economy to climb by 6% to 10%.

Increasing Product Launches Offers A Lucrative Opportunity For Market Expansion

The innovative product launch propels the industry expansion. For instance, in October 2024, AROS Polyamide-Graphene composites, introduced by Swedish firm Graphmatech, are said to cut hydrogen leakage by 83% when compared to conventional commercial storage options.

Applications for the graphene-enhanced material will be in the transportation and storage of hydrogen. By 2027, Graphmatech projected that this solution will be installed in roughly 500 heavy commercial vehicles and 1,000 light commercial vehicles (LCVs).

Graphene Composites Market Challenge

High cost of composites

Due to the several favorable properties, graphene composites are widely used across industries; however, the high cost of these composites limits the global graphene composites market’s growth. Graphene composites are priced based on their quality, production costs, and graphene prices.

However, graphene is not a commodity material; each use necessitates a distinct grade and variety of graphene, and the prices for various grades differ. Thus, the high cost of composites hampers the industry’s expansion.

Graphene Composites Market Segmentation Analysis

By Product Type:

The polymer-based segment is expected to dominate the market. When graphene is added to polymers, a material with improved mechanical, thermal, and electrical qualities is created that can be used in a variety of products, such as wind turbines, plastic containers, sports equipment, medical implants, and gas tanks. Thus, the increasing application of polymer based graphene composites drives segment growth.

Besides, the ceramic-based segment is growing at a rapid rate. Production technology advancements make it easier to integrate graphene into ceramic matrices, increasing scalability and cost-effectiveness.

By Application:

The automotive segment is expected to dominate the market. The incorporation of graphene into automotive composites provides strong vehicle performance, safety, and efficiency. Graphene’s favorable properties, such as high tensile strength, electrical conductivity, and low weight, make it an attractive choice for the automotive sector.

Besides, the aerospace & defense segment is growing at a rapid rate. Aerospace and defense products manufactured from graphene composites are lightweight, with excellent thermal resistance and mechanical strength. The lightweight quality of graphene composites helps to reduce the weight of aeronautical components, which is expected to save fuel by boosting the aircraft’s efficiency.

Report Scope

Graphene Composites Market Regional Analysis

North America is projected to dominate the graphene composites market. The region’s growing emphasis on producing high-performance military equipment, drones, and space exploration technology necessitates lightweight, long-lasting materials. Moreover, the growing investment in defense sector florish the industry’s growth in the area.

However, the Asia Pacific is growing at a significant pace in the global graphene composites industry. The regional expansion of the market is attributed to the growing consumer electronics and automotive sectors.

Graphene Composites Market Recent Development

The graphene composites industry adopted several strategies, which include product launches, acquisitions, collaboration, expansion, and others. Some of the company strategies include:

• In June 2024, Black Swan Graphene Inc. and Graphene Composites Ltd., a leading advanced materials engineering company, established a commercial cooperation to supply Black Swan’s graphene for the manufacturing of GC Shield®, a patented ballistic protection technology (“GC Shields”).

• In February 2022, Scientists improved wood-plastic composites by incorporating graphene, a material known for its strength and conductivity. This enhancement aims to increase the durability and performance of these composites, making them more suitable for various applications in construction and manufacturing. The research highlights the potential of graphene to revolutionize traditional materials, offering better mechanical properties and sustainability benefits.

The increasing approvals and rising collaboration among the key players are the strategies that have expanded the market presence of the company in the graphene composites industry and gained its competitive edge.

List of the prominent players in the Graphene Composites Market:

• Graphene One LLC
• AD-NANO TECHNOLOGIES PVT LTD.
• XG Sciences Inc
• Graphenano Group
• Graphene Composites
• G6 Materials Corp
• Haydale Graphene Industries plc
• Graphmatech AB
• NanoXplore Inc
• Gnanomat SL
• Others

The Graphene Composites Market is segmented as follows:

By Product Type

• Polymer Based
• Metal Based
• Ceramic Based
• Others

By Application

• Sport & Wearable Goods
• Aerospace & Defense
• Automotive
• Building & Construction
• Energy Storage & Generation
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America