Graphene Market Business Overview and Global Development Trends Forecast 2028.
Posted by niket gore on September 19th, 2022
Graphene is a material consisting of carbon atoms arranged in a hexagonal manner. Its properties such as high thermal conductivity, electrical conductivity, elasticity, flexibility, transparency, resistance, and others broaden its scope of application in many industries.
The increasing application of graphene in the automotive, aerospace, coatings, electronics, and other industries boosts the market growth. This can be attributed to the growing demand for lighter materials in the industries. The graphene material consists of various properties such as transparency, toughness, conductivity, due to which it is also utilized in aircraft and helicopter structures. The 2D graphene materials with an sp2 carbon atom structure possess exceptional electrical conductivity suitable for use in light and electric energy storage and conversion applications. The rising use of graphene for a wide variety of applications in developing regions such as Asia Pacific, the Middle East & Africa, and South & Central America created a huge impact on the market, with Asia Pacific contributing to the largest market share in the market.
Impact of COVID-19 Pandemic on Graphene Market
Due to the COVID-19 pandemic, many industries, such as chemicals & materials, faced unprecedented challenges because of disruptions in the global supply chain that adversely affected the manufacturing, delivery schedules, and sales of various goods. The market size for graphene has decreased due to a decline in the growth of several industrial sectors. Many production sites were either partially or fully closed to combat the spread of SARS-CoV-2. The COVID-19 pandemic also caused fluctuations in the prices of graphene. However, as the economies plan to revive their operations, the demand for graphene is expected to rise globally. The high demand and significant investments by prominent manufacturers are expected to drive the market in the coming years.
XG Sciences; The Sixth Element Materials Technology Co., Ltd; Global Graphene Group; NanoXplore Inc.; Graphenea, Inc.; Directa Plus S.p.A; AVANZARE INNOVACION TECNOLOGICA S.L.; Thomas Swan & Co. Ltd.; Morsh; and Perpetuus Advanced Materials PLC are among the key players operating in the market. These market players are highly focused on developing high-quality and innovative products and expanding the product portfolio to meet customers' requirements.
Graphene Market - Geographic Overview
The report segments of the graphene market are as follows:
Based on type, the graphene market is segmented into monolayer and bilayer, graphene nano-platelets, graphene oxide, and others. In terms of application, the graphene market is segmented into composites; functional inks, paints and coatings; energy storage; electronics; polymer additives; RFID; and others. By geography, the graphene market is segmented into five main regions—North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America.
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About the Authorniket gore
Joined: July 6th, 2022
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