Report Overview

Saudi Arabia graphene market is growing profusely with an impressive CAGR. Growing construction activities along with extensive research and development activities undergoing graphene are factors contributing to the growth of the Saudi Arabia graphene market.

Saudi Arabia Graphene Market- Industry Trends & Forecast Report 2027

Saudi Arabia graphene market is thriving and estimated to grow at a CAGR of 18.0% in the forecast period. The growing demand for graphene in the renewable energy sector because of its high thermal and electrical conductivity, strength, and toughness is driving the market. In addition, the rapid transition from carbon fiber to graphene and cellulose nanofiber is propelling the growth of the Saudi Arabia graphene market. Furthermore, increasing construction activities is also estimated to boost the market during the forecast period.

Saudi Arabia Graphene Market- Overview

Graphene is an allotrope of carbon and is made up of a one-atom-thick layer of carbon atoms arranged in a hexagonal pattern. It is gaining huge popularity because of its remarkable strength. Graphene is 200 times stronger than steel and conducts heat and electricity more efficiently than steel. In addition, it is capable of strongly absorbing light at all wavelengths. Therefore, it is prominently used in a wide range of applications, including anti-corrosion coatings and paints, efficient and precise sensors, electronics, flexible displays, solar panels, etc.

Saudi Arabia Graphene Market Forecast and Trends

Growth Drivers

Expanding Construction Activities for Infrastructural Development

The Saudi government significantly invests in expanding construction activities for infrastructural development. Their main focus is on boosting religious tourism in the country. They are doing their budget allocations towards transport, hospitality, retail, as well as residential spaces. This is expected to fuel the demand for graphene in Saudi Arabia in the forecast period. Graphene is prominently used in construction activities because of its extreme elasticity and hardness. These materials work well as a waterproof layer for constructions and offer magnificent thermal and electrical conductivity. These factors are attracting the construction sector, propelling the overall market growth.

Growing Research and Development Activities

Saudi Arab researchers focus heavily on nanotechnology and its developments. There are around 412 research articles on graphene from the country, and King Abdulaziz University is considered one of the most active research centers in the Middle East in publishing graphene-related articles. There has been remarkable progress in graphene research at these centers, and these developments are likely to drive the Saudi Arabia graphene market. Alfaisal University, for example, has created polymer nanocomposites using graphene and silver nanocomposites to achieve antimicrobial properties.

Restraints

Negative Influence of Graphene on Organism’s Health

The side effects of graphene on the human body are one of the major restraining factors for the Saudi Arabia graphene market. Many researches have shown that graphene materials cause dose-dependent toxicity in humans and animals. It negatively affects the cells of the liver and may cause kidney injury, lung granuloma formation, decreased cell viability, and cell apoptosis. Furthermore, graphene can also cause inflammation and cancer. These health risks associated with graphene limit its adoption, which negatively impacts its market growth.

Impact of COVID-19 on Saudi Arabia Graphene Market

The sudden outbreak of the COVID-19 pandemic significantly halted the growth of the Saudi Arabia graphene market. End-user industries of graphene, such as renewable energy and construction, were forced to halt operations in Saudi Arabia during the lockdown, which has led to significant losses to manufacturers. However, the market is expected to flourish in the post-COVID-19 period as the industries resume their operations. Additionally, the Saudi government is significantly focusing on boosting economic activities while investing in renewable energy to promote sustainability in the country. These factors are expected to drive the Saudi Arabia graphene market in the forecast period.

Saudi Arabia Graphene Market - By Type

Based on types, the Saudi Arabia graphene market is segmented into graphene oxide (GO), graphene nanoplatelets (GNP), and others. The graphene nanoplatelets (GNP) segment accounts for the largest share in the market. The development of new cement formulations utilizing graphene nanoplatelets is undergoing extensive research. These studies are aimed at improving the properties of cement and ensuring long-term reliability for oil wells. Such developments are anticipated to drive the demand for graphene nanoplatelets in the forecast period.

Saudi Arabia Graphene Market - By Application

Based on applications, the Saudi Arabia graphene market is segmented into optical electronics, biological engineering, composite materials, photovoltaic cells, energy storage, and others. Among these, the energy storage segment holds a substantial share in the Saudi Arabia graphene market. Saudi Arabia is significantly investing in the renewable energy sector and plans to generate 50% of its energy from renewables by 2030. As graphene has a high degree of electronic conductivity, transparency, and flexibility, this is expected to fuel the growth of graphene batteries in Saudi Arabia.

Saudi Arabia Graphene Market - Competitive Landscape

The leading players in the Saudi Arabia graphene market are Graphene Crystal, MSE Supplies Ltd., Graphene Nanomaterials, Directa Plus, Graphene Ventures, Techinstro Industries, Tirupati Speciality Graphite Ltd., and other prominent players.

The market is relatively new, with only a few players. This opens up a great deal of opportunity for new players. The established companies focus on expanding their revenue by offering their products in various industries. In addition, they significantly invest in research and development by partnering with research institutes. This market is also characterized by the adoption of competitive strategies such as partnerships, mergers, acquisitions, joint ventures, etc.

Recent Developments

• In March 2020, Alfaisal University of Saudi Arabia announced the development of new materials with exceptional properties such as antimicrobial properties using graphene and silver nanocomposites.

Scope of the Report

By Type

• Graphene Oxide (GO)

• Graphene Nano Platelets (GNP)

• Others

By Application

• Optical Electronics

• Biological Engineering

• Composite Materials

• Photovoltaic Cells

• Energy Storage

• Other