3D Graphene Market Expected to Reach $39.1 Million by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “3D Graphene Market," The 3D graphene market was valued at $2.5 million in 2021, and is estimated to reach $39.1 million by 2031, growing at a CAGR of 31.6% from 2022 to 2031.

A substance with a three-dimensional, porous graphene-based framework is called 3D graphene. This substance, made using graphene inks, is also known as a graphene aerogel or a 3D-printed graphene nanostructure. Carbon atoms are organized in a hexagonal arrangement in a layer thick and known as graphene. Graphite is a substance created by arranging many layers of graphene on top of one another. As the graphene sheets are layered closely together, graphite's mechanical characteristics are comparatively poor. A porous form of graphene known as a graphene aerogel can be produced to get around this limitation by separating the graphene sheets with air-filled pores. Thus. special qualities of graphene can still be seen in the three-dimensional structure.  

The market for 3D graphene is driven by the wide utilization of 3D graphene in the electronics industry due to its excellent features such as strength, high thermal conductivity, and high conductivity. Its density is comparable to carbon fiber and its strength is 200 times greater than that of steel. All features let it withstand strong bending pressures without breaking. It is one of the most heat- and electricity-conductive materials, which makes it the ideal choice for use in electronics and numerous other industries. It is the most useful material for heat sinks in devices like LEDs and cell phones due to its high conductivity. Other applications include sensor technology, coatings, and battery technology.   

It is utilized in batteries, touchscreens, displays of electronic devices, and others. Li-ion batteries that have been upgraded with 3D graphene show great qualities like increased longevity, capacity, and charging speed as well as flexibility and lightness, making them suitable for use in wearable devices. Moreover, a layer of 3D graphene is strong, light, transparent, and extremely conductive, therefore it meets all requirements for developing smartphones.  

The cost for producing 3D graphene is costly which restrains the growth of the market. The methods used for producing 3D graphene are exfoliation, chemical vapor deposition and others. The coverage of mechanically exfoliated graphene, however, is insufficient for applications because there are only a few tiny flakes per square centimeter. Moreover, the price of the 3D graphene could start at several thousand dollars per flake.   

Increase in usage of 3D graphene in the healthcare sector is projected to generate extraordinary growth opportunities. The amazing antibacterial properties of 3D graphene prevent the growth of pathogens including bacteria, viruses, and fungi by rupturing their cell membranes between its outer layers. In addition, biosensors consisting of 3D graphene exhibit ultrasensitive characteristics for detecting DNA, ATP, dopamine, oligonucleotides, thrombin, and other atoms.  

Rise in use of 3D graphene in the medical sector  

3D graphene is widely used in nanomedicine with potential to improve genetic risk factors, treatments, and diagnostics due to its numerous benefits, including its small size, high surface area-to-volume ratio, quantum size effects, and special physicochemical features. The ability of graphene-based materials to effectively penetrate biological barriers like the blood brain barrier shows their potential as a medication delivery system for therapeutic compounds used to treat cancer. To release therapeutic doses of medications into the target cells with fewer adverse effects, their accumulation in tumors would be made easier by the combined improved permeability and retention effect.

3D graphene foam is used for stroke stem cell therapy and its bioconjugates. Recent developments have seen the usage of graphene nanopores (GNPs) in processes like DNA sequencing and water treatment. GNPs have produced distinctive porous frameworks in these processes. Moreover, porous graphene bio interfaces have recently been demonstrated to be potent antibacterial agents with extremely effective bactericidal activity against both gram positive and gram-negative microorganisms. 3D graphene is widely employed in the medical sector owing to different associated advantages, which lead to the growth of the 3D graphene market.

The 3D graphene market is segmented into application, and region. By application, the market is divided into energy storage, sensors, catalysis, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.   

Based on application, the energy segment dominated the largest market share in 2021 due to the properties of 3D graphene such as high conductivity, high resistance, and others. Based on region, Asia-Pacific region dominated the highest market share in 2021 due to the highly developed electronic sector in China and the continuous investments are done in the region through the years to advance the electronic sector.

The major players operating in the industry include American Elements, Integrated Graphene Ltd., ACS Material, NANOCHEMAZONE, Nano Dimension, CVD Equipment Corporation, Graphex Group, Lyten, Inc. and G6 Materials Corp.

KEY FINDINGS OF THE STUDY

• On the basis of application, the energy storage segment was the largest revenue contributor in 2021 and is anticipated to register the highest CAGR of 31.8% during the forecast period.  

• On the basis of region, the Asia-Pacific segment was the largest revenue contributor, in 2021 and is anticipated to register the highest CAGR of 31.9% during the forecast period. 

Impact OF COVID-19 On The Global 3D Graphene Market

During the COVID-19 pandemic, the demand for the product was hampered because there was no production. Graphene is mainly used in batteries, cell phones, and automotive industries; and these industries have been witnessing sudden declining growth trends in response to the nationwide lockdown. Therefore, a massive drop in the graphene demand is witnessed in the years 2020 and 2021.  

3D graphene is widely used in electronic, automotive, and other sectors. These industries have gained momentum and started their production process smoothly. Hence, the demand for 3D graphene has increased post COVID. 

The application of 3D graphene is widespread in automotive, electronic, and other industries. Several sectors have gained momentum and have successfully launched their production cycles. As a result, 3D graphene has seen an upsurge in demand post-COVID.