NEW YORK, September 28, 2021 / PRNewswire / – Global Graphene Market Revenue Expected to CAGR of 30.2% Between 2020 and 2030, to Reach $ 1,188.8 million by 2030 from $ 84.7 million in 2020. Demand for this form of carbon is booming due to:
- Growing consumption in the electrical and electronic sector: The high resistance and good electrical conductivity of graphene make it ideal for printed circuits, transistors and microchips. In addition, graphene is used in flexible electronics because it allows such devices to be folded and rolled. Therefore, with the growth of the electrical and electronic industry due to the increase in the purchasing power of people, the consumption of graphene will explode.
- New applications in the medical sector: The growth of the medical sector is another key reason for the advancement of the graphene market, as many new healthcare-related applications for this material have been developed in recent years. Due to its high strength and low thickness, graphene is increasingly used to make bioelectric sensors, such as those that monitor hemoglobin, cholesterol, and glucose levels. Other emerging applications of this material in the medical sector include dental implants, prosthetics, therapeutic tools and even oncology.
The COVID-19 pandemic has provided some boost to the graphene market due to the use of this material in the coating of face masks, sales of which soared last year and continue to be high. In addition, graphene nanomaterials are being tested for use in combination with drugs, nanoadjuvants, vaccine carriers and other molecules, to improve the biocompatibility of these materials. Therefore, with the increasing production of vaccines during the pandemic, the demand for graphene has increased.
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The fastest growing graphene market, based on form, will be seen in the powders category in the coming years. Graphene powder is widely consumed in the production of storage batteries and sensors and in printing technologies. In addition, the material is easier to handle in powder form than in flake or dispersion form, which makes this form popular.
The electrical and electronic category has dominated the application segment of the graphene market in the past. Due to its high mechanical strength and appreciable electrical conductivity, graphene is used for flexible screens, coatings for touch screens, precise sensors and many other products.
Browse the Detailed Global Graphene Market Size Report and Growth Forecast 2030 Report
Asia Pacific (APAC) is the largest graphene market today, and it will also experience the highest CAGR in the years to come. China represents a high consumption of this form of carbon, in particular in its electrical and electronic, energy and medical sectors. In addition, graphene finds application in the main frames of light aircraft and automobiles, mainly in China and India.
The most important global players in the graphene market are The Sixth Element (Changzhou) Materials Technology Co. Ltd., Deyangene Carbon Technology Co. Ltd., Angstron Materials Inc., Ningbo Moxi Technology Co. Ltd., XG Sciences Inc., Xiamen Knano Graphene Technology Co. Ltd., Applied Graphene Materials plc, Graphenea SA , 2-DTech Graphene, ACS Material LLC, Thomas swan & Co. Ltd., NanoXplore Inc. and Vorbeck Materials.
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