Press release
Graphene Market Size to Grow at 47.8% CAGR, Set to Reach US$ 1,540 Million By 2028
Graphene is the building component of graphite, which is an efficient conductor of heat. It is produced by various methods, such as plasma-enhanced chemical vapor deposition (PE-CVD), chemical vapor deposition (CVD), and liquid phase exfoliation. It is widely utilized in the electronic industry for enhancing film cooling technology in smartphones and improving touch screen quality. It is also employed to improve the functionality of batteries by increasing the electrode density and accelerating the chemical reaction.
Additionally, it finds extensive application in the automotive industry to produce lightweight car parts, efficient sensors in self-driving cars, durable coatings, and effective lithium batteries for electric vehicles (EVs).Graphene assists in manufacturing biological agents and biosensors and enhancing drug delivery, biological imaging, and gene and cancer therapy. It also aids in forming anti-corrosion coatings and weather-proof packaging as it is chemically inert and impermeable to many gases. Asa result, it is widely used in the manufacturing of various sports equipment, such as padding, footwear, tennis rackets, ski boards, and golf sticks across the globe.
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Graphene Market Trends and Drivers:
The escalating demand for graphene in the electronics industry due to the rising sales of tablets and smartphones around the world represents one of the key factors driving the market. Apart from this, there is a rise in the demand for graphene to produce highly durable aircraft with low electrical conductivity and density. This, along with the growing utilization of graphene in the production of paints to reduce radar footprints, is offering a favorable market outlook. In addition, the increasing utilization of electric cars to reduce fossil fuel consumption worldwide is propelling the growth of the market.Besides this, the rising employment of graphene in the production of highly selective and permeable separation membranes for efficient waste-water management is strengthening the growth of the market.
Additionally, the growing demand for graphene to manufacture solar panels due to the rising environmental awareness among the masses is positively influencing the market. Moreover, the increasing employmentof graphene in the agricultural industry to manufacture sensors for monitoring vital crops and harmful gases is impelling the growth of the market.In line with this, the rising application of graphene to improve the lifespan of lithium-ion batteries is contributing to the market growth. Furthermore, key market players are investing in research and development (R&D) activities to introduce cost-effective manufacturing technology for graphene, which is expected to bolster the growth of the market.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
Mono-layer & Bi-layer Graphene
Few Layer Graphene (FLG)
Graphene Oxide (GO)
Graphene Nano Platelets (GNP)
Others
Breakup by Application:
Batteries
Supercapacitors
Transparent Electrodes
Integrated Circuits
Others
Breakup by End-Use Industry:
Electronics and Telecommunication
Bio-medical and Healthcare
Energy
Aerospace and Defense
Others
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
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Competitive Landscape with Key Player:
ACS Material, LLC
Global Graphene Group, Inc.
CVD Equipment Corporation
Grafoid Inc.
G6 Materials Corp. (Graphene 3D Lab Inc.)
Graphene Nanochem plc
Graphenea Inc.
Haydale Graphene Industries plc
Vorbeck Materials Corp.
XG Sciences Inc.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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