Why Do Electrical and Electronics Companies Use Graphene?

Posted by Pramod Arya on October 10th, 2023

Graphene, an allotrope of carbon, finds largescale applications in the electrical and electronics sector, which is attaining new heights of prosperity due to the growing penetration of consumer electronics. Graphene is extensively used in print circuits, transistors, and microchips, owing to its high electrical conductivity and exceptional strength. In contemporary times, the usage of this carbon allotrope has substantially increased, owing to the surging demand for flexible devices due to the unique ability of graphene to allow devices to be folded and rolled as per the requirement.

Besides, the widening application base of graphene in the medical sector will also drive the graphene market at a robust CAGR of 30.2% during 2020–2030. The market revenue stood at .7 million in 2020 and it is expected to reach ,188.8 million by 2030. Owing to its thinness and excellent strength, graphene is ideal for the development of bioelectric sensory devices that are used to monitor cholesterol, glucose, and hemoglobin levels. Graphene is also used in the treatment of cancer cells, and for the development of therapeutic tools, dental implants, and prosthesis devices.

In recent years, there has been a significant surge in the commercialization of graphene, due to the increasing research and development (R&D) activities that aim at exploring new application areas of this form of carbon and the rising availability of graphene. Additionally, the ongoing efforts being made to increase the usage of graphene in sports goods, digital displays, automotive coatings, and conductive inks have also led to the rapid commercialization of this compound.

The form segment of the graphene market is classified into dispersion, powder, and others, such as graphene flakes, graphene oxides, and graphene sheets. Under this segment, the powder category generated the highest revenue during the historical period (2015–2020), and it is also projected to retain its dominance during the forecast period (2021–2030). The leading position of this category can be owed to the high preference for powdered graphene in sensors, storage batteries, and printing technologies.

Currently, graphene-producing companies are unveiling new products to reach out to a greater number of customers. For instance, in March 2020, ZEN Graphene Solutions Ltd. launched Albany Pure graphene to introduce graphene-based products such as graphene oxide, graphene quantum dots, and graphene oxide. Other enterprises coming up with new products include Applied Graphene Materials plc, Vorbeck Materials, Xiamen Knano Graphene Technology Co. Ltd., NanoXplore Inc., Deyangene Carbon Technology Co. Ltd., and The Sixth Element (Changzhou) Materials Technology Co. Ltd.