IDTechEx Assesses the Next Commercial Phase of the Graphene Market

To date, the commercialization of graphene has been more of a “material push” rather than a “market pull”; a solution looking for a problem. In this first phase, there were numerous technical and commercial barriers to overcome, which in materials science does not happen overnight. IDTechEx believes that this is changing, with graphene entering the next stage, the growth phase, of its commercial journey.

In the latest version of their longstanding independent market report, “Graphene Market & 2D Materials Assessment 2023-2033“, IDTechEx brings the reader the most comprehensive view of the graphene market. The update to this report brings the latest developments across the industry as well as looking at historical progression and a critical view of the application outlook.

Despite the hype, from a revenue and sales volume perspective, the graphene material market is small, however significant growth is occurring, and IDTechEx’s latest forecast expects the market to narrowly exceed $1 billion by 2032.

The graphene market is very complex, it is not a single product nor being proposed for a single application. Products and processes are at varying stages of technology readiness with engagement from many players spanning the various value chains. The technology also continues to evolve not only for graphene but also in the larger emerging 2D material family.