Scienza e Tecnologia
Graphene Market Size to Reach USD 2,676.0 Million in 2028 | Rising Demand for Graphene from Automotive and Aerospace Industries are Some Key Factors Driving Industry Demand, says Emergen Research
Global graphene market revenue growth is driven by rising demand for lightweight, versatile, and renewable materials with extended life span. The global energy industry is shifting towards clean energy sources, which is increasing demand for low-cost, high-efficiency products, and in turn is expected to continue to drive revenue growth of the market to a significant extent over the forecast period. Graphene is also rapidly gaining traction in automotive and aerospace and defense industries as graphene is lightweight, yet robust and durable. Application as an additive in composites is expected to increase substantially as demand for lightweight and safer cars rises going ahead.
Some factors expected to hamper market revenue growth include toxicity of graphene and risks associated with the graphene production process. Graphene production is expected to be hampered to some extent over the forecast period Owing to its volatile nature, graphene requires cautious and exact handling, as well as compliance with regulations for flammable products.
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The global graphene market size has been projected to increase from USD 614.7 Million in 2020 to USD 2,676.0 Million in 2028 and register a revenue CAGR of 20.4% over the forecast period. Global graphene market revenue is expanding steadily due to rising demand for graphene in a wide range of applications in countries across the globe. Stringent restrictions and regulations in various countries to minimize carbon emissions are also expected to boost product demand going ahead.
Following the COVID-19 pandemic and resulting disruptions in demand and supply chains, the global graphene market revenue has begun to recover from a decline in growth. The virus has caused companies to shut down production and operational units to minimize further infections and spread. As a result, graphene use in industrial automotive, aerospace, electronics, as well as other industries has decreased significantly.
Depending on material costs, antibody-conjugated graphene sheets can be used for vast population screening, in environmental sensors, and for filtering applications. Graphite filters are used to capture bacteria and other particles in order to limit the spread of nosocomial infections. For combating COVID-19, such sensors can be used on medication efficiency screening and standard utility textiles. During the pandemic, many manufacturing firms, including Directa Plus and Graphenea, provided free samples to various researchers and research institutes in order to develop diagnostic equipment that can aid in the fight against COVID-19.
Graphene is widely used in bioelectric sensors used in the monitoring of lipids, glucose, and hemoglobin levels in blood, as well as those used to test deoxyribonucleic acid due to its high strength and thinness. In addition, graphene is widely utilized in cancer therapy, dental treatment, medicinal instruments, and medical implants, which is a key factor propelling graphene market growth. In addition, major research is being conducted to improve the compatibility of graphene nanoparticles with human immune cells by integrating graphene with medicines, nano adjuvants, and vaccines carriers. These are some of the trends observed in the market.
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North America graphene market revenue is expected to increase substantially due to increase in the number of research institutions and universities as well as increased cooperation with product manufacturers to create next-generation graphene for the aerospace, defense, and electronics industries. Robust presence of aerospace companies in the United States is also expected to boost demand for lightweight composite materials, which in turn is expected to augment revenue growth of the market in the region.
Some major companies operating in the market include Graphenea S.A., NanoXplore Inc., Directa Plus S.p.A., Haydale Graphene Industries plc, Ningbo Morsh Technology Co., Ltd., Nanjing XFNANO Materials Tech Co., Ltd., Jiangsu Cnano Technology Co., Ltd., 2-DTech Ltd, Global Graphene Group, and Xiamen Knano Graphene Technology Co., Ltd.
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The global construction sealants market size was valued at USD 7,954.3 Million in 2019 and is forecasted to reach USD 12.32 Billion by 2027 at a CAGR of 5.6%. The construction sealant market is observing high demand attributed to its increasing application in glazing, sanitary & kitchen, and flooring & joining in residential, commercial, and industrial constructions.
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend's existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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