Materials and Chemicals Graphene Market 2019 by Reports and Data

1 Graphene Market To Reach USD 895.6 million By 2026 The growth of the electronics Industry is a significant factor in driving the growth of the market. Market Size – USD 59.2 million in 2018, Market Growth - CAGR of 40.0%, Market Trends – Increased investments in R&D The global graphene market is expected to reach USD 895.6 million by 2026, according to a new report by Reports and Data. Graphene is the thinnest and the most durable material with a single layer of carbon atoms organized in a hexagonal lattice. It is the structural unit of Graphite (Which is used in several applications including pencil lead), but graphene is a substance with a multitude of different properties. Graphene possesses an unparalleled combination of characteristics like high mechanical strength, lubricating properties, barrier properties to liquid and gases, electrical conductivity, thermal conductivity, and energy storage, which offers a potential to substitute existing materials in a variety of applications. It is used in products such as sensors, semiconductors, batteries, electronics, displays, and medicine among others. Graphene delivers increased cycle life, capacity and provides approximately double power with faster charging and discharging benefits in Li-ion batteries and electrical super-capacitors. It is also an enabling technology for next-generation batteries such as lithium-sulfur and lithium-air chemistries. Technical limitations for commercial production and expensive equipment are the significant factors hindering the market growth. Furthermore, the health and environmental risks accompanied during the making of the 2D material graphene is high, owing to its highly combustible nature. Besides, increased investments for support R&D activities and emphasis on expanding production capacity would drive the market growth during the forecast period. Follow us:

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