Unlocking the Infinite Possibilities of Graphene: A Material Revolutionizing Industries Worldwide.
M2 PRESSWIRE-October 26, 2023-: Unlocking the Infinite Possibilities of Graphene: A Material Revolutionizing Industries Worldwide
(C)1994-2023 M2 COMMUNICATIONS
RDATE:26102023
The "Global Graphene Market (by Material, Application, & Region): Insights and Forecast with Potential Impact of COVID-19 (2022-2027)" report has been added to ResearchAndMarkets.com's offering.
The global graphene market is set to exhibit remarkable growth, projected to be worth US$198.39 million by 2023, with a Compound Annual Growth Rate (CAGR) of 25.56% over the forecasted period.
Understanding Graphene
Graphene is an extraordinary material, known for its exceptional strength, thermal and electrical conductivity. It consists of a single sheet of carbon atoms arranged in a hexagonal honeycomb lattice, making it the thinnest and strongest substance on Earth. Graphene's outstanding properties, including its heat and electrical conductivity, mechanical strength, and large surface area, have led to its widespread recognition as a material with limitless potential. It has the capacity to transform the properties of various materials, including composites, concrete, elastomers, and plastics.
Segmentation
By Material: The graphene market is segmented into four categories: Graphene Oxide, Reduced Graphene Oxide, Graphene Nanoplatelets, and Others. The reduced graphene oxide segment is anticipated to be the fastest-growing category in the forecasted period. Its applications span across various sectors, including research, batteries, biomedicine, supercapacitors, and printable graphene electronics. The product also finds use in chemical and biological sensors, particularly in field-effect transistors (FETs).
By Application: The global graphene market encompasses four key application segments: Composites, Electronics, Energy, and Others. Graphene composites take the lead in market dominance due to their diverse applications in aerospace, automotive, coatings, metals, and plastics. These composites contribute to enhancing the quality and performance of sporting equipment for various sports, owing to properties like UV resistance, lightweight, and flexibility.
Geographic Coverage
The global graphene market is divided into four regions: North America, Asia Pacific, Europe, and the Rest of the World (ROW). North America accounts for the largest share of the global market, driven by the increasing use of graphene in various industries and applications. The presence of numerous...
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