Graphene Market Size and Share Analysis | Industry Growth Forecast to 2027
GrapheneMarket will exhibit a CAGR of 39% between 2020 and 2027,and reach USD 2,864.1million by 2027, and the Market value as per 2019 was USD 225.1 million.
FortuneBusiness Insights™ in a new report, titled, “GrapheneMarket Size, Share & Industry Analysis, By Product (Graphene Oxide(GO), Graphene Nanoplatelets (GNP), Others), By End-Use (Electronics, Aerospace& Defense, Automotive, Energy, Others), and Geography Forecast, 2020-2027.”
Graphene Market Drivers and Restraint:
Growing ProductPenetration in the Electronics Industry to Surge Demand
Graphenehas the potential to create next-generation electronics such as transistors,bendable phones, semiconductors, sensors, capacitors, and otherelectronics. It is used as a coating to improve the current touch screens fortablets and phones. Wearable and flexible electronics are growing rapidly owingto the product’s mechanical and conductivity properties, thus driving themarket growth in the electronics industry. In November 2019, researchers at theInstitute of Metal Research, Chinese Academy of Sciences, built a transistor,which is a silicon-germanium transistor.
Conductivityand thinness properties have led to market research in graphite semiconductors.These could replace the existing technology for computer chips as they canconduct electricity at room temperature. For example, in May 2019, SamsungAdvanced Institute of Technology, a team of researchers developed a transistorto increase the semiconductor performance. Also, research has shown thatgraphite chips are faster than the existing chips which are made fromsilicon. The rise in per-capita disposable income and the growing demandfor consumer electronics including mobile phones and tablets shall augment themarket growth. In addition, the product transmits 97% of light making it highlytransparent coupled with heat, and conductive properties are likely to createpromising opportunities for solar panels and battery industries. Severalresearchers from different research institutes have developed a graphenefoam-based battery, mainly designed to bridge the gap between the capacitors andbatteries. It is based on Li technology and has a similar capacity to weightratio to the existing Li-ion batteries. For example, in February 2013, ArgonneNational Laboratory (ANL) collaborated with California Lithium Battery(CalBattery) for the commercialization of lithium anode batteries to be usedwith its new GEN3 silicon composite anode materials to accomplish new Li-ionbattery performance levels.
List of Key Players Covered in the Graphene Market Report:
- XG Sciences (U.S.)
- Graphenea, Inc. (U.S.)
- ACS Material, LLC (U.S.)
- CVD Equipment Corporation (U.S.)
- Global Graphene Group (U.S.)
- AMO GmbH (Germany)
- Applied Graphene Materials plc (UK)
- Graphene One (U.S.)
- Grolltex Inc. (U.S.)
- DIRECTA PLUS S.p.A. (Italy)
- CHINA CARBON GRAPHITE INC (China)
- NanoXplore Inc. (Canada)
- Thomas Swan & Co. Ltd. (UK)
- Other Key Players
To gain more insights into the market with a detailed table ofcontent and figures, Click Here: https://www.fortunebusinessinsights.com/graphene-market-102930
Some of the key industry developments in the GrapheneMarket Include:
- July 2020 – Directa Plus introduced a new graphene-based face masks that are effective and manufactured using renewable materials to fight against the coronavirus spread. The company is employing atom thin allotropes layers of carbon extracted from the graphite in face masks to slow the disease spread.
- February 2020 - Thomas Swan collaborated with the Graphene Engineering Innovation Centre (GEIC) to produce a fibre using Polyamide 6 and 0.2% loading of Thomas Swan Graphene Nanoplatelets (GNP).
