Graphene Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Graphene Market: By Product Type (Monolayer & Bi-layer Graphene, Few Layers Graphene (FLG), Graphene Nano Platelets (GNP), Graphene Oxide (GO), Application (Radio Frequency Identification (RFID), Composites, Sensors & Chips, Energy Storage & Batteries, Display panels of Electronics, Solar cells, Aircraft parts, Polymer additives, Tire Coatings, Others) and Geography

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Report

Description

Graphene Market size is valued at USD 374.2 million in 2021, growing at a CAGR of 7.3% from 2022 to 2028. Graphene is an allotrope of carbon consisting of a single layer of atomic carbon in a specialized structure. Graphene is a 2D material where the carbon atom is composed of a 6-C hexagonal honeycomb structure. The interatomic bond between the carbon atoms makes it extensive tensile. This peculiar one-layer structure is the reason for its extremely thin and lightweight nature. A football field size Graphene sheet will weigh about 1g. Due to its single atomic layer deposition structure, the radical electron is free in graphene, which is why its high heat and electrical conductivity. As said above, graphene possesses strength, elasticity, high heat, and electrical conductivity, which makes its potential future material replacing silicon in electronics and plastics as regular-use material as it also has hydrophobic properties. Being only discovered in 2004 and bagging a Nobel prize in 2010 by the discoverer, Graphene has a long way to go as it still needs long technological advancements before it can replace silicon or plastic. Graphene can be potentially used in electronics. They are used in touch screens, OLED, LCD, and display electronics panels as they can conduct electricity very smoothly; Graphene is the future of the ever-growing demand for the more sensitive, flexible, tensile, and lightweight display panels throughout the electronics sector. With the booming technological advancement in the touch screen industry, the graphene market is about to boom in the near future. Recently there have been developments in quantum computing. Graphene can be its root as it holds the properties used in computer chips. Thus, the path for the graph of graphene market demand can be easily anticipated in the upcoming days of technological advancement, which will boost the global graphene market growth in the forecast period. Alongside technological advancement, another burning problem in today’s world is energy. With constantly depleting reserves of fossil fuel, it has been estimated by various international organizations that there will be no fossil fuel left by 2060. With 80% of energy needs fulfilled by fossil fuels, all technological advancement will be useless if we don’t opt for sustainable sources. At this point, graphene comes into the role as it showed potential to be the ready-to-go material for manufacturing solar cells. The market for solar cells is very bright without saying, as the developing nations are constantly opting for solar energy as an alternative to fossil fuels. If graphene can prove its reliability, it can be easily anticipated that graphene will also ride the grid. Thus, Graphene has the potential to control various markets, which is very promising for graphene market key players as the graphene market growth prospective is diversified. Though the material is promising, the graphene market has key restraints as technological advancement is necessary for incorporation in various sectors. Thus, the market players need to invest heavily in R&D before having the sweetness of profit.

 

Critical Developments in Graphene Market

On September 2022, Minister for Industry, Law, and Coir, P Rajeeve, announced the establishment of the Graphene Industrial Park for research and innovation of new technology in Kerela, India.

In July 2021, Thomas Swan & Co. Limited’s strategic assets for a patented graphene processing technique were purchased by Mason Graphite Inc. through its subsidiary Black Swan Graphene Inc. The effect of this will boost the factory’s productivity.

In June 2021, Researchers from the School of Engineering and a specialized Chinese material company started working together to create graphene-based materials for use in waste treatment and purification applications. An agreement for six years and $1.64 million in collaborative research was inked by Jiangsu Dingying New Materials Co Ltd. and the University of Edinburgh.

Graphene Market

MARKET SUMMARY
-
7.3%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 7.3%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– North America

Graphene Market

  • The global graphene market report gives a comprehensive outlook across the globe with particular emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
  • The report on the global graphene market gives historical, current, and future market sizes based on product type, application, and geography
Key Players
  • XG Sciences (U.S.)
  • ACS Material, LLC (U.S.)
  • CVD Equipment Corporation (U.S.)
  • Global Graphene Group(U.S.)
  • DIRECTA PLUS S.p.A.(Italy)
Graphene Market Dynamics

Potential applications for graphene in electronics As they can conduct electricity very smoothly, they have been utilized in touch screens, OLED, LCD, and display panels of electronics. Graphene is the future for the always-increasing demand for more sensitive, flexible, tensile, and lightweight display panels throughout the electronics sector. The market for graphene is going to explode in the near future due to the rapidly developing technical advancement in the touch screen industry. There have been advancements in quantum computing recently. Given that it possesses the qualities utilized in computer processors, graphene may be the cause. As a result, in the days of technological improvement to come, the trajectory of the graph of demand for graphene can be easily predicted, which will drive the global graphene market in the forecast period. With the energy problem soaring in the world, Solar cells are becoming the reliable alternative; Graphene can be used in building solar cells, which gives a promising future for the graphene market. Along with it, graphene can also be potentially used in the EV battery, solving the problem of the EV market growth with lithium-ion availability. Other specialty uses of graphene is supercapacitor and in antenna for better communication network. Eventually, graphene market is seen to be very dynamic as it can control various sector which will amplify the global graphene market in the foretell period. Graphene can be as successful as plastic in future.


North-America Got Significant Share

Graphene Market

It's anticipated that the American market will expand significantly. It is a significant exporter of graphene-based goods to several nations that lack the ability to produce the material. There are other small- and medium-sized manufacturers in the area. Strong research and development efforts, academic institutions, and manufacturers work together to produce next-generation graphene for the electronics and aerospace industries, which could increase demand for the commodity. Graphene is thought to be used in aircraft parts manufacturing owing to its strength and lightweight properties. Due to numerous manufacturers in the nation, it is projected that the industry producing aviation parts will grow in the United States which will boost the demand as well as the market size of graphene in the region.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The graphene market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and startup details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Graphene Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The graphene market is projected to expand at a CAGR of 7.3% during the forecast period.

Applied Scintillation Technologies Ltd., Mirion Technologies Inc., Argus Imaging Bv Inc., Hamamatsu Photonics K.K., Hitachi Metals Ltd, Saint Gobain and Zecotek Photonics Inc, Ludlum Measurements Inc., Radiation Monitoring Devices Inc, Rexon Components and TLD Systems Inc.

North America is the fastest growing region for graphene market


Report

Table Of Content

1. Executive Summary
2. Global Graphene Market Introduction
2.1. Global Graphene Market – Taxonomy
2.2. Global Graphene Market –Definitions
2.2.1. Product Type
2.2.2. Application
2.2.3. Region
3. Global Graphene Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Graphene Market Dynamic Factors – Impact Analysis
3.6. Impact of COVID 19 on The Market
3.7. Three Forecast Scenarios – Pessimistic, Conservative, and Opportunistic
3.8. Mapping Market Player’s Activities
3.9. Recent Key Developments
3.10. Financial Status of the Market Players
3.11. Recent Acquisitions, Collaborations, and Mergers
4. Global Graphene Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million) (Volume, Tons)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Graphene Market Forecast, By Product Type, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million) (Volume, Tons)
5.1. Mono-layer & Bi-layer Graphene
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million) (Volume, Tons)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Few Layer Graphene (FLG)
5.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million) (Volume, Tons)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Graphene Nano Platelets (GNP)
5.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million) (Volume, Tons)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Graphene Oxide (GO)
5.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million) (Volume, Tons)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
6. Global Graphene Market Forecast, By Application, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million) (Volume, Tons)
6.1. Radio Frequency Identification (RFID)
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million) (Volume, Tons)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Composites
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million) (Volume, Tons)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Display panels of Electronics
6.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million) (Volume, Tons)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Aircraft parts
6.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million) (Volume, Tons)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Energy Storage
6.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million) (Volume, Tons)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
6.6. Sensors & Chips
6.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million) (Volume, Tons)
6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.6.3. Market Opportunity Analysis
6.7. Polymer additives
6.7.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million) (Volume, Tons)
6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.7.3. Market Opportunity Analysis
6.8. Tire Coatings
6.8.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million) (Volume, Tons)
6.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.8.3. Market Opportunity Analysis
6.9. Others
6.9.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million) (Volume, Tons)
6.9.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.9.3. Market Opportunity Analysis
7. Global Graphene Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million) (Volume, Tons)
7.1. North America
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million) (Volume, Tons)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Europe
7.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million) (Volume, Tons)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Asia-Pacific
7.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million) (Volume, Tons)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Latin America
7.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million) (Volume, Tons)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Middle East and Africa
7.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million) (Volume, Tons)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Global Graphene Market – Opportunity Analysis Index, By Product Type, Application, and Region, 2022 – 2028
8. North America Graphene Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million) (Volume, Tons)
8.1. Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%)
8.1.1. Mono-layer & Bi-layer Graphene
8.1.2. Few Layer Graphene (FLG)
8.1.3. Graphene Nano Platelets (GNP)
8.1.4. Graphene Oxide (GO)
8.2. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
8.2.1. Radio Frequency Identification (RFID)
8.2.2. Composites
8.2.3. Display panels of Electronics
8.2.4. Aircraft parts
8.2.5. Energy Storage
8.2.6. Sensors & Chips
8.2.7. Polymer additives
8.2.8. Tire Coatings
8.2.9. Others
8.3. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
8.3.1. U.S.
8.3.2. Canada
8.4. North America Graphene Market – Opportunity Analysis Index, By Product Type, Application and Country, 2022 – 2028
8.5. North America Graphene Market Dynamics – Trends
9. Europe Graphene Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million) (Volume, Tons)
9.1. Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Mono-layer & Bi-layer Graphene
9.1.2. Few Layer Graphene (FLG)
9.1.3. Graphene Nano Platelets (GNP)
9.1.4. Graphene Oxide (GO)
9.2. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Radio Frequency Identification (RFID)
9.2.2. Composites
9.2.3. Display panels of Electronics
9.2.4. Aircraft parts
9.2.5. Energy Storage
9.2.6. Sensors & Chips
9.2.7. Polymer additives
9.2.8. Tire Coatings
9.2.9. Others
9.3. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
9.3.1. Germany
9.3.2. UK
9.3.3. France
9.3.4. Italy
9.3.5. Spain
9.3.6. Rest of Europe
9.4. Europe Graphene Market – Opportunity Analysis Index, By Product Type, Application and Country, 2022 – 2028
9.5. Europe Graphene Market Dynamics – Trends
10. Asia-Pacific Graphene Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million) (Volume, Tons)
10.1. Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Mono-layer & Bi-layer Graphene
10.1.2. Few Layer Graphene (FLG)
10.1.3. Graphene Nano Platelets (GNP)
10.1.4. Graphene Oxide (GO)
10.2. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Radio Frequency Identification (RFID)
10.2.2. Composites
10.2.3. Display panels of Electronics
10.2.4. Aircraft parts
10.2.5. Energy Storage
10.2.6. Sensors & Chips
10.2.7. Polymer additives
10.2.8. Tire Coatings
10.2.9. Others
10.3. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
10.3.1. Japan
10.3.2. China
10.3.3. India
10.3.4. ASEAN
10.3.5. Rest of Asia-Pacific
10.4. Asia-Pacific Graphene Market – Opportunity Analysis Index, By Product Type, Application and Country, 2022 – 2028
10.5. Asia-Pacific Graphene Market Dynamics – Trends
11. Latin America Graphene Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million) (Volume, Tons)
11.1. Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Mono-layer & Bi-layer Graphene
11.1.2. Few Layer Graphene (FLG)
11.1.3. Graphene Nano Platelets (GNP)
11.1.4. Graphene Oxide (GO)
11.2. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Radio Frequency Identification (RFID)
11.2.2. Composites
11.2.3. Display panels of Electronics
11.2.4. Aircraft parts
11.2.5. Energy Storage
11.2.6. Sensors & Chips
11.2.7. Polymer additives
11.2.8. Tire Coatings
11.2.9. Others
11.3. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
11.3.1. Brazil
11.3.2. Argentina
11.3.3. Rest of Latin America
11.4. Latin America Graphene Market – Opportunity Analysis Index, By Product Type, Application and Country, 2022 – 2028
11.5. Latin America Graphene Market Dynamics – Trends
12. Middle East and Africa Graphene Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million) (Volume, Tons)
12.1. Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Mono-layer & Bi-layer Graphene
12.1.2. Few Layer Graphene (FLG)
12.1.3. Graphene Nano Platelets (GNP)
12.1.4. Graphene Oxide (GO)
12.2. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Radio Frequency Identification (RFID)
12.2.2. Composites
12.2.3. Display panels of Electronics
12.2.4. Aircraft parts
12.2.5. Energy Storage
12.2.6. Sensors & Chips
12.2.7. Polymer additives
12.2.8. Tire Coatings
12.2.9. Others
12.3. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
12.3.1. Saudi Arabia
12.3.2. GCC Countries
12.3.3. South Africa
12.3.4. Rest of MEA
12.4. MEA Graphene Market – Opportunity Analysis Index, By Product Type, Application and Country, 2022 – 2028
12.5. MEA Graphene Market Dynamics – Trends
13. Competition Landscape
13.1. Strategic Dashboard of Top Market Players
13.2. Company Profiles (Introduction, Financial Analysis, Product Type Offerings, Key Developments, Strategies, and SWOT Analysis)
13.2.1. XG Sciences(U.S.)
13.2.2. ACS Material, LLC(U.S.)
13.2.3. CVD Equipment Corporation(U.S.)
13.2.4. Global Graphene Group(U.S.)
13.2.5. Applied Graphene Materials plc(U.S.)
13.2.6. DIRECTA PLUS S.p.A.(Italy)
13.2.7. CHINA CARBON GRAPHITE INC(China)
13.2.8. NanoXplore Inc.(Canada)
13.2.9. Thomas Swan & Co. Ltd.(U.K.)
13.2.10. Celious Carbon Limited.
14. Research Methodology
15. Key Assumptions and Acronyms

Report

Company Profile

  • XG Sciences (U.S.)
  • ACS Material, LLC (U.S.)
  • CVD Equipment Corporation (U.S.)
  • Global Graphene Group(U.S.)
  • Applied Graphene Materials plc(U.S.)
  • DIRECTA PLUS S.p.A.(Italy)
  • CHINA CARBON GRAPHITE INC(China)
  • NanoXplore Inc.(Canada)
  • Thomas Swan & Co. Ltd.(U.K.)
  • Celious Carbon Limited.

Description

Graphene Market size is valued at USD 374.2 million in 2021, growing at a CAGR of 7.3% from 2022 to 2028. Graphene is an allotrope of carbon consisting of a single layer of atomic carbon in a specialized structure. Graphene is a 2D material where the carbon atom is composed of a 6-C hexagonal honeycomb structure. The interatomic bond between the carbon atoms makes it extensive tensile. This peculiar one-layer structure is the reason for its extremely thin and lightweight nature. A football field size Graphene sheet will weigh about 1g. Due to its single atomic layer deposition structure, the radical electron is free in graphene, which is why its high heat and electrical conductivity. As said above, graphene possesses strength, elasticity, high heat, and electrical conductivity, which makes its potential future material replacing silicon in electronics and plastics as regular-use material as it also has hydrophobic properties. Being only discovered in 2004 and bagging a Nobel prize in 2010 by the discoverer, Graphene has a long way to go as it still needs long technological advancements before it can replace silicon or plastic. Graphene can be potentially used in electronics. They are used in touch screens, OLED, LCD, and display electronics panels as they can conduct electricity very smoothly; Graphene is the future of the ever-growing demand for the more sensitive, flexible, tensile, and lightweight display panels throughout the electronics sector. With the booming technological advancement in the touch screen industry, the graphene market is about to boom in the near future. Recently there have been developments in quantum computing. Graphene can be its root as it holds the properties used in computer chips. Thus, the path for the graph of graphene market demand can be easily anticipated in the upcoming days of technological advancement, which will boost the global graphene market growth in the forecast period. Alongside technological advancement, another burning problem in today’s world is energy. With constantly depleting reserves of fossil fuel, it has been estimated by various international organizations that there will be no fossil fuel left by 2060. With 80% of energy needs fulfilled by fossil fuels, all technological advancement will be useless if we don’t opt for sustainable sources. At this point, graphene comes into the role as it showed potential to be the ready-to-go material for manufacturing solar cells. The market for solar cells is very bright without saying, as the developing nations are constantly opting for solar energy as an alternative to fossil fuels. If graphene can prove its reliability, it can be easily anticipated that graphene will also ride the grid. Thus, Graphene has the potential to control various markets, which is very promising for graphene market key players as the graphene market growth prospective is diversified. Though the material is promising, the graphene market has key restraints as technological advancement is necessary for incorporation in various sectors. Thus, the market players need to invest heavily in R&D before having the sweetness of profit.

 

Critical Developments in Graphene Market

On September 2022, Minister for Industry, Law, and Coir, P Rajeeve, announced the establishment of the Graphene Industrial Park for research and innovation of new technology in Kerela, India.

In July 2021, Thomas Swan & Co. Limited’s strategic assets for a patented graphene processing technique were purchased by Mason Graphite Inc. through its subsidiary Black Swan Graphene Inc. The effect of this will boost the factory’s productivity.

In June 2021, Researchers from the School of Engineering and a specialized Chinese material company started working together to create graphene-based materials for use in waste treatment and purification applications. An agreement for six years and $1.64 million in collaborative research was inked by Jiangsu Dingying New Materials Co Ltd. and the University of Edinburgh.

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