Your Guide to Publicly Traded Graphene Companies and Market Opportunities

The graphene sector represents one of the most compelling emerging investment themes in advanced materials. With technological breakthroughs creating new demand across electronics, energy, aerospace and automotive industries, several publicly traded graphene companies now offer investors direct exposure to this growing market. These firms are transitioning graphene from laboratory innovation to commercial-scale production, making this an opportune moment to evaluate investment options in the space.

Market Drivers: Why Graphene Demand is Accelerating

Graphene’s exceptional properties—including superior electrical and thermal conductivity, flexibility, and strength—are driving adoption across multiple industries. Flexible display screens, wearable electronics, and high-speed transistors represent the cutting edge of electronics applications. Meanwhile, energy storage systems, aerospace components, and lightweight automotive materials are generating robust commercial demand.

Graphene-enhanced coatings and composites are particularly valuable. In batteries, they improve energy efficiency and power density. In aircraft and vehicles, lightweight graphene composites reduce weight while maintaining structural integrity. This dual appeal—performance enhancement and weight reduction—explains why demand is accelerating across traditional manufacturing sectors.

Investment Landscape: Key Publicly Traded Graphene Companies

The publicly traded graphene companies profiled below represent the most mature players currently commercializing graphene technology at scale. Their market positions, production capabilities, and revenue trajectories illustrate how the sector is evolving.

Black Swan Graphene (TSXV:SWAN) - Bulk Production Leader

Market cap: C$64.71 million

Black Swan has positioned itself as an emerging force in bulk graphene production, targeting large industrial markets like concrete and polymers. The company’s production lineup includes GraphCore graphene nanoplatelets and polymer-ready graphene-enhanced masterbatches (GEM).

The partnership with UK chemicals manufacturer Thomas Swan & Co., which holds 15% ownership and brings extensive patent portfolios, provides Black Swan with both manufacturing expertise and intellectual property advantages. Since August 2025, this collaboration has accelerated Black Swan’s supply chain integration from raw materials through finished products.

Black Swan is executing an aggressive capacity expansion program, tripling annual production from 40 metric tons to 140 metric tons per year through additional capacity at the Thomas Swan UK facility. The company has secured multiple commercial partnerships in 2024-2025, including:

• A ballistic protection technology collaboration with Graphene Composites
• A distribution agreement with Broadway Colours for graphene-enhanced plastic masterbatches
• A strategic partnership with Modern Dispersions for custom graphene concentrate manufacturing
• Global expansion agreements with METCO Resources and Ferro in mid-2025

In September 2025, Black Swan received Canadian patent protection for its “apparatus and method for bulk production of atomically thin 2D materials,” reinforcing its technological differentiation.

CVD Equipment (NASDAQ:CVV) - Equipment and Process Solutions

Market cap: US$28.72 million

CVD Equipment supplies the manufacturing infrastructure that enables graphene and advanced materials production. The company specializes in chemical vapor deposition systems and process solutions for industrial-scale material creation.

CVD’s equipment addresses high-value markets: silicon carbide wafers for electric vehicle semiconductors, battery materials, and aerospace components. The PVT200 system grows silicon carbide crystals for 200mm semiconductor wafers, while chemical vapor infiltration systems produce advanced materials for gas turbine engines.

Recent performance metrics show resilience with diversified customer demand. For the first three quarters of 2025, CVD reported US$20.8 million in revenue, up 7.1% year-over-year. Q1 performance was particularly strong at US$8.3 million (69% year-over-year growth), though Q3 revenue of US$7.4 million declined 9.6% due to reduced MesoScribe operations following their 2024 cessation.

In October 2025, Stony Brook University ordered two PVT150 systems for its new semiconductor research center. Responding to order rate fluctuations, CVD announced a strategic shift toward outsourced component fabrication rather than maintaining full vertical integration.

Directa Plus (LSE:DCTA) - Commercial Applications Pioneer

Market cap: GBP 13.16 million

Directa Plus has built a diversified portfolio around its proprietary G+ Graphene Plus technology, targeting textiles, composites, and emerging applications. The Italy-based company exemplifies how graphene producers are expanding beyond traditional materials into novel end-markets—including graphene-enhanced golf balls designed to improve control and elasticity.

The company’s Grafysorber technology demonstrates graphene’s environmental applications. The absorbent nanoplatelets recover oil and hydrocarbons at a ratio of 100 to 1, addressing environmental remediation through subsidiary Setcar. This environmental services arm has proven commercially successful:

• February 2025: €1.5 million contract with Midia International for Black Sea offshore drilling waste management
• February 2025: €1.1 million contract renewal with Ford Otosan (Ford’s Romanian subsidiary)
• April 2025: €1.59 million contract extension with OMV Petrom for oil sludge treatment

For fiscal 2025, Directa Plus reported €7 million in revenue, up 5.1% from €6.66 million previously. The company secured a “landmark agreement” in December 2023 to acquire proprietary graphene compound preparation systems, expanding addressable markets in battery and polymer applications.

First Graphene (ASX:FGR, OTCQB:FGPHF) - Vertically Integrated Producer

Market cap: AU$66.92 million

First Graphene operates an integrated production model converting ultra-high-grade graphite into bulk, competitively priced graphene. The company participates in a nine-member consortium developing lightweight composite cryogenic tanks for liquid hydrogen storage—a critical technology for emerging hydrogen economy applications.

The company’s PureGRAPH graphene powder serves applications in fire retardancy, energy storage, and concrete. First Graphene’s Kainos technology produces battery-grade synthetic graphite and pristine graphene from petroleum feedstocks using hydrodynamic cavitation, earning patents from Australian and South Korean governments in early 2025.

Recent milestones include:

• AU$2.4 million private placement to accelerate commercial deployment
• May 2025: Exclusive supply agreement with Indonesian industrial safety boots manufacturer Alasmas Berkat Utama (2.5 metric tons over two years)
• July 2025: Partnership with Imperial College London and UCL for graphene integration in 3D-printed aerospace and motorsports components
• October 2025: Senergy launched graphene-enhanced solar technology and automotive products for the UK market

Estimated annual income reached AU$1.2 million by mid-2025. Most impressively, First Graphene reported its best-ever quarter in fiscal Q2 2026 (ended December 31), with operating cash inflows jumping 423% quarter-over-quarter to AU$853,000 and customer receipts rising 156%.

Graphene Manufacturing Group (TSXV:GMG, OTCQX:GMGMF) - Clean Technology Platform

Market cap: C$398.39 million

GMG has assembled a vertically integrated platform delivering graphene-enhanced energy solutions. Products include coatings for HVAC systems and data centers, electronic heat sinks, and lubricant additives for combustion engines.

The company is implementing major capacity expansion with AU$2.3 million in capital investment for its Gen 2.0 manufacturing facility at the Queensland site. The new plant is expected to commence operations by June 2026, initially producing 1 metric ton annually with planned upgrade to 10 metric tons annually.

GMG launched direct-to-consumer sales in May 2025 through its website for G Lubricant graphene concentrate, commenced customer delivery in July 2025 across Australia, UK, Europe, China, Canada and the US. The company has achieved simultaneous success in advanced battery development through its Rio Tinto and University of Queensland collaboration on graphene aluminum-ion technology, funded by the Australian government.

The aluminum-ion battery can charge from empty in under 6 minutes, matching the charging speed of premium lithium titanate oxide batteries at substantially lower cost. GMG Director Bob Galyen noted: “With the possibility of charging from empty to full in around six minutes, this chemistry fundamentally changes how designers can think about electric vehicles, consumer electronics, and stationary storage.” Sample cell testing with partners is planned for 2026.

Haydale (LSE:HAYD) - Heating Technology Integration

Market cap: GBP 35.76 million

Haydale has evolved into a vertically integrated decarbonization platform through strategic acquisitions. The company commercializes proprietary heating ink technology incorporating graphene and nanomaterials for automotive and home heating applications.

The University of Manchester partnership, through its Graphene Engineering Innovation Centre, provides research support for conductive ink heating systems. Recent commercial achievements include:

• March 2025: New contracts with Affordable Warmth Solutions for graphene heater ink development and National Gas Transmission for gas network upgrades
• April 2025: CE marking certification for JustHeat heating system, confirming European safety compliance
• National Product of the Year recognition at 2025 National Energy Efficiency Awards for measurable energy performance improvements
• January 2026: Acquisition of Intelligent Resource Management (SaveMoneyCutCarbon), a UK sustainability consulting firm providing market access and customer base for JustHeat

Following this acquisition, Haydale officially shortened its corporate name from Haydale Graphene Industries to Haydale, signaling evolution beyond pure materials into comprehensive decarbonization solutions.

HydroGraph Clean Power (CSE:HG, OTCQB:HGRAF) - High-Purity Production

Market cap: C$1.2 billion

HydroGraph operates under exclusive license from Kansas State University to produce ultra-pure graphene (99.8% carbon content) via patented detonation synthesis. The company also produces hydrogen and strategic nanomaterials, positioning it uniquely at the intersection of clean energy and advanced materials.

Research collaboration with Arizona State University demonstrated that HydroGraph’s Fractal Graphene performs exceptionally in ultra-high-performance concrete and 3D-printed structures. The company announced technical collaboration with an unnamed global leader in high-performance fiber applications.

HydroGraph’s advanced graphene dispersions product line, developed with battery materials company NEI, targets high-performance electrodes for energy storage. The July 2025 Compounding Partner Program aims to achieve commercial-scale Fractal Graphene thermoplastics production, with initial certified partners in automotive and packaging sectors.

Medical sector applications are advancing through a commercialization agreement with Ease Healthcare to market the LEAP lung cancer detection test incorporating HydroGraph’s patented fractal graphene with Hawkeye Bio’s biosensor technology. In 2025, HydroGraph received its first US patent for novel actuator technology using electrically conductive porous carbon materials, including proprietary Fractal Graphene, to generate controlled mechanical force.

NanoXplore (TSXV:GRA, OTCQX:NNXPF) - Volume Production Pioneer

Market cap: C$444.5 million

NanoXplore, established in 2011, has mastered high-volume, affordable graphene production through environmentally friendly processes. GrapheneBlack powder dramatically improves plastic reusability and recyclability. The company’s patented SiliconGraphene battery anode material uses GrapheneBlack as a silicon coating, creating safer, higher-performing lithium-ion cells.

NanoXplore’s Tribograf carbon powder serves as a key component in NanoSlide, a co-developed lubricant for oil and gas drilling with Chevron Phillips Chemical. In September 2025, NanoXplore announced a multi-year supply agreement for this material.

Production capacity expanded in 2024 at the Quebec facility, with existing customers absorbing significant expansion costs. In October 2025, the Government of Canada contributed up to US$2.75 million under the Energy Innovation Program.

Financial performance in fiscal 2025 (year ended June 30) totaled C$128.91 million, down 1% year-over-year, reflecting a slower H2 period. Q1 fiscal 2026 revenue reached C$23.44 million, down 30% from the prior year comparable. CFO Pedo Azevedo attributed the decline to reduced volume demand from two largest customers beginning earlier in 2025, accelerating through summer. Management expects new agreements, including the Chevron Phillips Chemical contract, to provide forward momentum.

Talga Group (ASX:TLG, OTCQX:TLGRF) - Vertically Integrated Battery Supply

Market cap: AU$201.97 million

Talga operates a complete integrated value chain, mining graphite and manufacturing battery anodes with operations across Sweden, Japan, Australia, Germany and the UK. The company produces graphene additives for concrete, coatings, plastics, and energy storage applications through its Talphite and Talphene product lines.

Recent regulatory and commercial achievements:

• April 2025: Net-Zero Strategic Project status granted by Swedish Agency for Economic and Regional Growth for Luleå anode refinery under EU Net-Zero Industry Act
• June 2025: Swedish government approval of Nunasvaara South natural graphite mining permit in Northern Sweden
• May 2025: Binding offtake agreement with Nyobolt for 3,000 metric tons of Talnode-C battery anode over four-year term beginning May 13, 2025
• August 2025: Launch of Talnode-R proprietary graphite anode made from recycled lithium-ion battery waste streams
• December 2025: AU$14.5 million placement supporting engineering studies for staged 5,000 metric ton annual production ramp-up
• January 2026: Swedish government formal adoption of Talga’s detailed mining plan for Nunasvaara South, marking a critical permitting milestone

Beyond Publicly Traded Options: Private Graphene Innovation

The publicly traded graphene companies above represent only part of the investment landscape. Significant private companies driving graphene innovation include ACS Material, Advanced Graphene Products, Graphene Platform, Graphenea and Universal Matter. Investors seeking comprehensive sector exposure should monitor these private enterprises as potential future public market entry candidates.

Understanding Graphene: Essential Concepts

What Is Graphene?

Graphene consists of a single layer of carbon atoms arranged in a hexagonal lattice. First isolated in 2004 when University of Manchester professors used Scotch tape to separate graphite flakes, graphene exhibits extraordinary properties: 200 times stronger than steel yet thinner than a single paper sheet. Applications span batteries, sensors, solar panels, electronics, medical devices, and sports equipment.

Key Properties Driving Adoption

Graphene’s advantages include exceptional thermal and electrical conductivity, high elasticity and flexibility, superior hardness and resistance, transparency, and photovoltaic capabilities enabling electricity generation from sunlight exposure.

Graphene vs. Graphite: Understanding the Distinction

Both graphene and graphite represent different carbon allotropes—structurally distinct forms of the same element. The fundamental difference: graphene comprises a single graphite layer. This single-layer structure explains graphene’s dramatically enhanced properties compared to bulk graphite.

This analysis reflects publicly available information through February 2026, building on foundational research originally published by the Investing News Network in 2015.

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Disclosure: This analysis is provided for informational purposes. Readers should conduct independent research and consult with investment professionals before making portfolio decisions regarding publicly traded graphene companies or any securities mentioned.