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Global market capitalization of leading graphene companies 2019 & 2020

The privately held corporation XG Sciences led the market for graphene producing companies worldwide as of July 2019, with an estimated market capitalization of 4.2 billion U.S. dollars at that time, which was nearly four billion U.S. dollars more than the next ranked leading company. As of January 2020, Applied Graphene Materials was catching up to XG Sciences somewhat, with a market capitalization amounting to more than one billion U.S. dollars at that time.

The world leader in graphene production

XG Sciences specializes in the design and manufacture of graphene nanoplatelets. These stacked layers of graphene sheets are composed of the same material as carbon nanotubes and so share many similar characteristics. There is potential for nanoplatelets to be combined with other materials to create very light and ultra-strong composite materials, which could be used to reinforce vehicles or provide anti-rust coatings. The global market value of graphene nanoplatelets is expected to exceed 100 million U.S. dollars in 2023.

How is graphene produced?

There are a number of ways to produce graphene; some are more technical than others. One method involves heating copper at a very high temperature and introducing methane, which causes graphene to grow on both sides of the copper. A much simpler method was used by two researchers at The University of Manchester when they originally isolated the first ever two-dimensional material in 2004. Thin flakes of carbon were extracted from graphite using sticky tape. The researchers repeatedly peeled the flakes until they became so thin that specialist equipment had to be used to determine the number of individual graphene layers within the flakes.

Market capitalization of the leading graphene companies worldwide as of July 2019 and January 2020 (in million U.S. dollars)*

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Release date

January 2020



Survey time period

July 2019 and January 2020

Supplementary notes

* Only companies with a market capitalization in excess of approximately five million U.S. dollars have been included.
All figures except for XG Sciences have been converted to U.S. dollars from either Canadian dollars, Australian dollars, or Pound sterling. The currency conversion rates to U.S. dollars were as of July 30, 2019 and January 15, 2020, for each year respectively. Updated figures for some of the companies included in this statistic were not available in 2020.
This statistic has been assembled using more than one edition of the article.

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Statistics on "Graphene"

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