Graphene Oxide Market Analysis

The global graphene oxide market is segmented and analyzed for demand and supply by application into composites materials, electronic devices, water filtration and purification, medical, and others. Out of the five types of application, the electronics devices segment is estimated to gain the largest market revenue at the end of 2037, by growing at a CAGR of 31.6% over the projected time frame. The growth of the segment can be attributed to the increase in the adoption of smartphones as they require batteries to function. Moreover, many smartphones have installed graphene-based batteries owing to its exceptional efficiency.  In addition to being superior to lithium batteries, graphene batteries can also fully charge a phone in under 30 minutes. Furthermore, in 2021, more than 1 billion phones were sold all across the world. Moreover, in comparison with the around 27% of mobile users in 2010, it is predicted that about 87 percent of all mobile users in the US would have a smartphone by 2025. On the other hands, the growing penetration of electric cars in the market is expected to propel the segment growth. The global sales of electric cars increased by more than 60% in 2022, and in the first eight months of 2022, nearly 6 million cars were sold.

The global graphene oxide market is also segmented and analyzed for demand and supply by type into powder-based, and solution-based. Out of the two segments, the solution-based segment is expected to grow at a CAGR of 32.6% over the forecast period. Graphene solutions are highly used in making chargers and super-capacitors, they are carbon water, and are completely safe and environmentally friendly. The segment growth is attributed to growing sales of electrical devices as they need periodical charging to function.  In India, in comparison to 2019, the sale of consumer electronics and appliances expanded by nearly 9% in 2021. Moreover, in the third quarter of 2022, more than 100 million units of PCs, tablets, and laptops were sold.

Our in-depth analysis of the global graphene oxide market includes the following segments: