Graphene Coating Market To Generate Revenue worth $979.1 Million by 2030

The graphene coating market is expected to witness a CAGR of 29.0% during 2024–2030, reaching USD 979.1 million by 2030. This will be due to the increasing demand for high-performance coatings and advancing technologies. Further, these materials are durable and can reduce maintenance requirements, which enables cost-savings and sustainability.

Growing Usage across Industries

Graphene coatings are ideal for preventing wear on surfaces and ensuring their long-term durability in harsh environments, because of their durability. Coatings can also benefit from the material's remarkable electrical and thermal conductivity. Flexibility and roughness are other characteristics that increase the adoption of coatings containing this allotrope of carbon. These properties enabled improved durability, conductivity, and protection from the elements from different industries.

Scratch-Resistant Coating Category To Hold Second-Largest Share

The scratch-resistant coating category had second-largest share, of 25%, in 2023. Industries such as automotive, electronics, construction, and consumer goods increasingly require coatings that offer robust protection against scratches and abrasions. Hence, since these coatings extend the lifespan of surfaces, their consumption continues to boom.

Automotive manufacturers seek such coatings to protect exterior surfaces from scratches caused by everyday use and environmental factors. Further, on electronic devices, including smartphones, tablets, and wearables, these materials are vital for safeguarding screens and casings, ensuring prolonged usability and aesthetics. Scratch-resistant coatings are also valuable in construction, for architectural surfaces, flooring, and fixtures, where they ensure durability against scratches and maintain aesthetics over the long term.

The increasing consumer preference for durable products that retain their appearance drives the demand for protective coatings, contributing to the growth of the scratch-resistant coating market. Their significance lies in preserving the integrity and aesthetics of surfaces in various industries, which helps meet the evolving demands for long-lasting and visually appealing products.

APAC Is Fastest-Growing Region in Market

APAC is expected to be the fastest-growing region, with a CAGR of 32%, from 2024 to 2030, due to the growing population in the region. Apart from the big customer base for numerous industries, the government support for local manufacturing propels the market.

In this region, China is growing rapidly in the market with government support. The Chinese government is making strong policies to ensure support for graphene research and development.

Some of the major market players are NanoXplore Inc., Graphenea, Haydale Graphene Industries PLC, Directa Plus S.p.A., Graphite Central, G6 Materials Corp., Advance Industrial Coatings LLC, XG Sciences, Supervac Industries LLP, ACS Material, Applied Graphene Materials, Thomas Swan & Co. Ltd., KNV'S Incorporation, Surface Protective Solutions, and Artdeshine Pte. Ltd.