Graphene is a single layer of carbon atoms arranged in a two-dimensional honeycomb lattice. It has garnered significant attention in both scientific research and potential industrial applications due to its remarkable properties. Here are some key aspects of graphene:
Properties of Graphene
- Electrical Conductivity:
- Graphene is an excellent conductor of electricity, with electron mobility surpassing that of any other known material at room temperature.
- It exhibits high carrier mobility and low electrical resistivity, making it ideal for high-speed electronic devices.
- Thermal Conductivity:
- It has superior thermal conductivity, allowing it to efficiently dissipate heat.
- This property is beneficial for applications requiring thermal management, such as in electronic circuits and heat sinks.
- Mechanical Strength:
- Graphene is incredibly strong and lightweight, with a tensile strength about 200 times greater than steel.
- It is highly flexible and can be stretched by 20% of its initial length without breaking.
- Transparency:
- Despite being only one atom thick, graphene absorbs about 2.3% of visible light, making it nearly transparent.
- This transparency is advantageous for applications in optoelectronics and transparent conductive films.
- Chemical Stability:
- Graphene is chemically stable and inert, resisting corrosion and degradation in various environments.
The global graphene market size was valued at USD 432.7 million in 2023 and is projected to grow from USD 570.3 million in 2024 to USD 5,193.2 million by 2032, exhibiting a CAGR of 31.8% during the forecast period.
This information is provided by Fortune Business Insights, in its report titled, “Graphene Market, 2022-2029.”
Segments:
GO Segment to Gain Momentum due to Increasing Applications from Various End-use Industries
Based on product, the graphene industry is segmented into graphene oxide (GO),, graphene nanoplatelets (GNP),, and others.
GNP accounted for the largest graphene market share in 2021 and is expected to continue its dominance until 2029.
Aerospace & Defense Segment to Hold a Significant Share Owing to Extensive Adoption of Material
In terms of end-use industry, the market is classified into electronics, aerospace & defense, automotive, energy, and others.
Graphene is revolutionizing the aerospace industry as it improves the functionality of the coatings and composites used in planes, drones, helicopters, and spaceship manufacturing.
Geographically, the graphene market is segregated into North America Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage:
The report offers a detailed study of the market and a keen examination of the major segments of the market. It provides an in-depth analysis of key players and their insightful strategies to spur the graphene market growth for monetary gains. It also shares tangible insights, which guide business owners with their investment perspective.
Drivers and Restraints:
Growing Product Penetration in the Electronics Industry to Aid Growth
Owing to it exceptionally high thermal and electrical conductivity and its lightweight nature, it is preferably suitable for electronics applications. The electrons in this allotrope of carbon have higher mobility, and therefore speed up more when applied on an electric field, as compared to semiconductors that are extensively employed in electronic devices, including silicon. Owing to these properties, it produces more proficient devices that function faster than traditional substitutes while using less power.
