Graphene Market Set To Touch $1606.18 million By 2030: Players ACS Material Llc, Bluestone Global Tech

As per the report published by The Brainy Insights, the global graphene market is expected to grow from USD 74.20 million in 2020 to USD 1606.18 million by 2030, at a CAGR of 36% during the forecast period 2021-2030. Asia pacific region emerged as the largest market for the global graphene market with a 48.4% share of the market revenue in 2020. China has the world's largest electronics manufacturing base, and current upstream producers such as Singapore, South Korea, and Taiwan face stiff competition. In terms of demand, electronic devices such as smartphones, OLED TVs, and tablets have the highest growth rates in the consumer electronics industry. The demand for electronic products is expected to rise consistently in the future as the middle-class population's disposable incomes rise, propelling the market growth.

𝐆𝐫𝐚𝐛 𝐭𝐡𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭- https://www.thebrainyinsights.com/enquiry/sample-request/12614

Graphene Market Size by Product (Graphene Oxide, Graphene Nanoplatelets, Others), Application (Electronics, Energy, Composites, Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2021 to 2030

Leading companies in the industry include ACS Material Llc, CVD Equipment Corporation, Bluestone Global Tech, Graphenea S.A., Graphene Nanochem Plc, Haydale Limited, G6 Materials, Vorbeck Materials, Nanotek Instruments, Inc., and XG Sciences among others which are offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.

The product segment is divided into graphene oxide, graphene nanoplatelets, others. Because of its wide range of applications, graphene oxide is a key product. It is used in transparent conductive films for various supercapacitors, cellphones, flexible electronic devices, optoelectronic devices, and medical devices. Superior product properties like as high thermal and electrical conductivity, permeability, transparency, and strength contribute significantly to its increased demand. The application segment includes electronics, energy, composites, others. The electronics segment dominated the graphene market with a market share of around 38.4% in 2020. Graphene has been considered as a potential substitute for silicon in many electronics applications, and there has been a lot of research into its properties and applications in recent years.

Rapid industrialization and rising global need for flexible, lightweight, and renewable materials are two significant drivers driving the market's growth. In addition, the integration of nanotechnology into the electronics industry is helping to drive market growth. Graphene nanoplatelets are utilised to improve the physical properties of thermoplastic and thermoset composites, natural and synthetic rubber, paints, coatings, and elastomers, among other polymer materials. Graphene films are increasingly being used to make protective coatings on flexible electronic devices, batteries, and smartphones, which is fueling market growth.

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