According to Inkwood Research, the Global Graphene Market is estimated to evolve at a CAGR of 33.81% in terms of revenue during the forecasting years of 2021-2028.
“Browse 63 Market Data Tables and 52 Figures
spread over 154 Pages, along with an in-depth TOC on the Global Graphene Market Forecast
2021-2028.”
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Graphene is characterized as the functional
unit of graphite with a layer of sp2 carbons organized in a hexagonal lattice.
It surpasses graphite, its parent material, in numerous aspects. For instance,
although graphite is used to reinforce steel, it is relatively brittle than
graphene, owing to graphene’s layered structure. However, graphene is one of
the strongest materials recorded, with its mechanical performance overpowering
a diamond as well as the A36 structural steel, by over a hundred times.
Graphene’s
Excellent Properties Drive Market Growth
Graphene possesses exceptional electronic,
chemical, and mechanical properties. Besides, it is considerably stronger than
steel, with the capability of moving electrons at least 200 times faster than
silicon. Graphene needs lesser light energy for electron excitation, owing to
its overlapped electron layers. Moreover, being strong and thin, the material
can easily bend without breaking, thereby making it a preferred material for
bendable electronics. It can also be used as an alternative for indium tin
oxide, mainly used in phones and plasma televisions.
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Energy
Storage to be the Fastest-Growing Application
Scientists and researchers are actively
concentrating on developing advanced energy storage and conversion systems,
primarily owing to the increasing demand for energy resources. Graphene is an
ideal electrode material for electrochemical energy storage systems, due to its
superior thermal and electric conductivities, large surface area, chemical
stability, and mechanical flexibility. It is also used in energy storage
systems like supercapacitors, lithium-ion batteries, lithium-air batteries, and
lithium-sulfur batteries.
On the other hand, graphene’s surface area
is 2630 m2/gram, nearly representing the area of an entire football field, in
around 1/500th of a pound of the material. As a result of the significant
surface area, a large number of negative or positive ions in the electrolyte
form a layer on the graphene sheet, thereby enabling an exceptional level of
stored charge.
Asia
Pacific to Lead the Global Market by 2028
The developing economies across the Asia
Pacific, the presence of cheap labor, as well as the growing manufacturing
sector are attributed to the region’s market growth. Besides, China leads the
graphene-based patent applications, while being the primary source of graphite.
The country also plays a significant role, primarily because of its research
and development endeavors focusing on the commercialization of graphene and
industrial partnerships. However, low product awareness is likely to hinder the
adoption of graphene, in the Asia Pacific.
The industrial rivalry across the global
graphene market is high. The factors influencing the competition include, the presence
of fewer large players, and the less number of graphene products in the
industry. For instance, with only a few leading players, the majority of
small-scale companies attempt to pursue a small fragment of the market. As a
result, very limited firms generate over a thousand dollars, annually. Some of
the distinguished players operating in the market include, Knano Graphene
Technology Co Ltd, Haydale Graphene Industries PLC, Graphenea IncNanoXplore
Inc, Vorbeck Materials, etc.
About
Inkwood Research
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& customized research reports and consulting services. Market intelligence
studies with relevant fact-based research are customized across industry
verticals such as technology, automotive, chemicals, materials, healthcare, and
energy, with an objective comprehension that acknowledges the business
environments. Our geographical analysis comprises of North & South America,
CEE, CIS, Middle East, Europe, Asia, and Africa.
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