- May 2021 |
- Chemicals And Materials / Materials
Global Graphene Market, By Type (Powder, Dispersion, and Others); By Applications (Electrical & Electronics, Composites, Energy, Biomedical, and Others); By Region (North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America) Trend Analysis, Competitive Market Share & Forecast, 2017-2027
The Global Graphene Market- Industry Trends & Forecast Report 2027
The global graphene market was worth USD 610.3 million in 2020 and is further projected to reach USD 1,834.2 million by 2027, at a CAGR of 15.3% during the forecast period (2021-2027). The growth of the graphene market is primarily supported by the growing adoption of graphene in various applications such as electrical & electronics, composites, energy, and others. Furthermore, graphene is widely used in a variety of applications because it is considered the world's most robust material and is used to improve the mechanical properties of other materials. The aforementioned are the key factors driving the growth of the graphene market globally.
Source: BlueWeave Consulting
Global Graphene Overview
Graphene is a carbon allotrope which is also the world's strongest material and thinnest compound in the chemistry of elements. It is lightweight but extremely strong and tough. Graphene is the subject of extensive research in the fields of nanotechnology and high technology. The single-layer monomer of carbons atoms is tightly bound in a hexagonal honeycomb lattice to form graphene. It is also thought to be the best conductor of electricity and the most conductive metal of heat at room temperature. Graphene is currently gaining traction in the automobiles, aerospace, and defense sectors. The graphene market is expected to expand during the forecast period as a result of ongoing product development and significant public and private investments to leverage the product's properties for a variety of applications.
Global Graphene Market Trend
Growing Usage of Graphene in Different Applications Such as Energy Storage
Graphene is viewed by research organizations as a versatile material for both high-tech and low-tech applications. This is primarily due to the increasing application in the end-user industry. The increasing adoption of graphene in applications such as biomedical, energy, paints, and others are driving the growth of the global graphene market. Graphene offers excellent properties such as high electron mobility and high thermal and electrical conductivity. Due to the properties mentioned above, it is finding opportunities in the energy resources. Graphene is widely used to produce supercapacitors or ultra-capacitors as they offer high surface area. The graphene coating on the supercapacitor plates aids in the formation of double layers, besides optimizing and effectively storing a large amount of energy. The factors cited above are some...