Frost & Sullivan Released White Paper for Global Graphite and Graphene Markets
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Graphene is seen as the Wonder material of 21st Century due to its extraordinary properties as well as the wide applications in various downstream areas such as energy, electronics and bioengineering. However, extremely high cost and potential pollution during the production process are the major restraints of graphene’s large-scale commercialization, thus finding a cost effective and sustainable way to produce synthetic graphite and graphene has become more urgent. Frost & Sullivan has conducted extensive investigation across the global graphite and graphene industry chain, and released the White Paper for Global Graphite and Graphene Markets, which focus on the recent development of global graphite and graphene industry as well as the new growth opportunities.
Based on Frost & Sullivan’s investigation and calculation, the global market size of graphite was USD22.0 billion in 2021, of which the Asia-Pacific region, North America and Europe accounted for 44.1%, 27.3%, and 18.6%, respectively. The global graphene market size was USD12.6 billion in 2021, with Asia Pacific, North America, and Europe accounting for 54.4%, 21.2%, and 20.0% respectively. The global graphite and graphene market is expected to reach USD30.4 billion and USD71.9 billion, respectively in 2026.
Electronics and energy are the main sectors for graphene applications. Now graphene is commonly used as a heat-dissipation material in the electronics field and a conductive material in the energy field. The graphene market size in the electronics and energy industry is expected to grow at a CAGR of 35.2% and 32.6% from 2022 to 2026. In the future, the automotive industry is the most promising segment of graphene, which is expected to grow at a CAGR of 42.1% from 2022 to 2026, according to Frost & Sullivan.
Major economies globally including the EU, the U.S., and China have all issued a series of graphite and graphene related favorable policies, creating a good policy environment for graphite…
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