Sharp Revenue Growth Predicted in Global Graphene Market During 2020-2030

Graphene is used during the manufacturing of hemoglobin-, cholesterol-, and glucose-measuring bioelectric sensory devices, owing to the fact that this material is thin and strong. Other application areas of the compound in the medical sector include cancer treatment, therapeutic tools, prosthetic devices, dental implants, and deoxyribonucleic acid (DNA) testing. Further, extensive research is being conducted to explore the usage of graphene nanomaterials, in combination with medications, vaccine carriers, and nano adjuvants, to enhance the efficiency of the human immune system.

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Thus, propelled by the widening application area of the material in the medical industry, the global graphene market, which generated $87.5 million in 2019, is predicted to grow to $646.8 million by 2030. Additionally, between 2020 and 2030 (forecast period), the market is expected to witness a healthy CAGR of 20.2%.

The powder division would witness the fastest growth in the graphene market during the forecast period, at a CAGR of 20.6%. This is because of the high preference for this form of the compound in printing technologies, storage batteries, and sensors. Further, graphene powder can be handled more easily than dispersion and flakes, which also results in the higher consumption of the material in the form of powder.

In recent times, the graphene market has been subject to a number of mergers and acquisitions, with companies stepping up efforts for mutual growth. For instance, in October 2018, Graphene Semiconductor Services Pvt. Ltd., which offers end-to-end semiconductors services from its head office in Bangalore, India, was acquired by L&T Technology services.

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The major players in the globalgraphene market are The Sixth Element (Changzhou) Materials Technology Co. Ltd., Garmor Inc.,2D Carbon Graphene Material Co. Ltd.,GRAFENTEK,Angstron Materials Inc., Ad-Nano Technologies Private Limited,Graphene 3D Lab,Aixtron AG,Graphene Leaders Canada, Deyangene Carbon Technology Co. Ltd., Graphene Square Inc.,Graphene-XT,AMO GmbH, Haydale Limited,Ningbo Moxi Technology Co. Ltd., Incubation Alliance Inc., Asbury Carbons Inc.,Jiangmen Daxing Knitting Co. Ltd., and Xiamen Knano Graphene Technology Co. Ltd.

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This release was published on openPR.