Graphene Composites Market Size

Graphene Composites Market size was valued at USD 28.76 million in 2024 and is poised to cross USD 2.28 billion by the end of 2037, expanding at more than 39.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of graphene composites is estimated at USD 37.92 million. The growth of this market is attributed to the lightweight graphene composites which help in the automotive and aircraft industry. Thermal durability, good stiffness, electrical conductivity, and lightweight quality are properties of graphene composites driving the growth of this market. Lightweight materials such as magnesium, and graphite composites require less energy as compared to normal steel or iron. Graphene composites can help reduce the vehicle weight by 10%-15% and this improves fuel efficiency to 6% – 10%. Graphene composite reduces the weight of automobiles at the same time it maintains the performance and safety of the vehicle as usual. As per our research, using lightweight components in vehicles can save more than 5 million of gallon fuel annually by 2030.

Also, there has been a tremendous rise in the research and development of graphene composition which is also driving the growth of this market. Factors such as supportive government guidelines and funds for research and development for incorporating new development and innovation in the production of graphene compositions and investment by key market players for development in graphene compositions are expected to drive growth in the forecast period. The United States and Canada are the epicenters of graphene composites research and development activities.