Graphene Market will exhibit a CAGR of 39% between 2020 and 2027,and reach USD 2,864.1 million by 2027, and the Market value as per 2019 was USD 225.1 million.
Fortune Business Insights™ in a new report, titled, “Graphene Market 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 Product Penetration in the Electronics Industry to Surge Demand
Graphene has the potential to create next-generation electronics such as transistors, bendable phones, semiconductors, sensors, capacitors, and other electronics. It is used as a coating to improve the current touch screens for tablets and phones. Wearable and flexible electronics are growing rapidly owing to the product’s mechanical and conductivity properties, thus driving the market growth in the electronics industry. In November 2019, researchers at the Institute of Metal Research, Chinese Academy of Sciences, built a transistor, which is a silicon-germanium transistor.
Conductivity and thinness properties have led to market research in graphite semiconductors. These could replace the existing technology for computer chips as they can conduct electricity at room temperature. For example, in May 2019, Samsung Advanced Institute of Technology, a team of researchers developed a transistor to increase the semiconductor performance. Also, research has shown that graphite chips are faster than the existing chips which are made from silicon. The rise in per-capita disposable income and the growing demand for consumer electronics including mobile phones and tablets shall augment the market growth. In addition, the product transmits 97% of light making it highly transparent coupled with heat, and conductive properties are likely to create promising opportunities for solar panels and battery industries. Several researchers from different research institutes have developed a graphene foam-based battery, mainly designed to bridge the gap between the capacitors and batteries. It is based on Li technology and has a similar capacity to weight ratio to the existing Li-ion batteries. For example, in February 2013, Argonne National Laboratory (ANL) collaborated with California Lithium Battery (CalBattery) for the commercialization of lithium anode batteries to be used with its new GEN3 silicon composite anode materials to accomplish new Li-ion battery 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 of content and figures, Click Here: https://www.fortunebusinessinsights.com/graphene-market-102930