Graphene Market Outlook, Opportunity, Demand Analysis and Forecast 2021- 2026
According to the latest research by Global Market Insights, Inc., the global graphene market size is estimated to surpass USD 400 million by 2026.
Delaware, United States – July 26, 2021 /MarketersMedia/ —
One of the recent advancements in the global graphene market comprises the development of a highly efficient supercapacitor based on a powerful, novel, and sustainable graphene hybrid material. Developed by a team of researchers under Roland Fischer, Professor of Inorganic and Metal-Organic Chemistry at the TUM (Technical University Munich), the capacitor depicts performance data that is comparable to the presently utilized batteries.
To date, the lack of energy density has been a common issue with supercapacitors. Where lithium accumulators could scale an energy density of nearly 265 Kilowatt hours (KW/h), supercapacitors have so far been equipped to provide only a fraction of that. The supercapacitor developed by Roland’s team will serve as the positive electrode in the energy storage device. This product is also set to be combined with a proven negative electrode based on carbon and titan.
Such developments are expected to augment the overall market demand, influencing product adoption over the ensuing years.
This rise is chiefly attributed to the increasing utilization of graphene oxide in polymers owing to multiple graphene properties comprising elasticity, conductivity, toughness, and tensile strength. The market is also driven by growing technological contributions by prominent graphene companies including Grafoid, Inc., XG Sciences, Applied Graphene Materials, Angstron Materials, Inc., Haydale Limited, ACS Materials, LLC, and others.
Few key trends impelling graphene market growth are as follows:
Mono-layer and bi-layer segment to drive graphene market outlook
The mono-layer and bi-layer graphene segment is touted to account for a commendable revenue of over USD 50 million through 2026. The mono-layer form is usually produced on the surface of copper by deploying the CVD process and is primarily utilized in microelectronics applications comprising nano- and micro-electromechanical systems, conductive coatings, flexible batteries, and biological and chemical sensors.
In spite of possessing the zero band gap, the bi-layer form of graphene can also be introduced. Research activities are being conducted in the production of superconductors, ultrafast lithium ion conductors, field-effect transistors, and ultrahard carbon films, in turn boosting product penetration over the analysis period.
Electronics and semiconductor industry to augment graphene market demand
Thriving electronics and semiconductor industry across various countries comprising the U.S., China, South Korea, Japan, and India is one of the prominent factors stimulating the global graphene industry outlook. The graphene material is extensively popular for its durability, toughness, superior electrical conductivity and is utilized in the manufacturing of coatings on memory chips, laptop and mobile screens, circuits, as well as sensors.
In June 2019, a research team at the University of Exeter deployed Complementary metal-oxide-semiconductor (CMOS)-compatible processes for manufacturing graphene-based humidity sensors that exhibited superior performance as compared to the commercial ones at lower power and lower cost.
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Soaring number of graphene uses across numerous industries to push market growth
The rising number of graphene uses across the aerospace & defense, automotive, healthcare, and energy industries are anticipated to escalate graphene market share over the estimated period. Graphene materials are also used in energy generation and storage in the form of electrodes, super capacitors, and Li-ion batteries.
While graphene sheets find use in the manufacturing of solar panels, in turn supporting the renewable energy sector, the material is also utilized in the production of biosensors in the healthcare industry owing to various graphene properties such as toughness and flexibility.
In a nutshell, the rising number of graphene applications in the areas of tissue engineering, cancer treatment, medical devices, and drug delivery are set to bolster the graphene market landscape, positively influencing revenue expansion over the forthcoming years.
About Global Market Insights Inc.
Global Market Insights Inc. headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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Source: MarketersMedia
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