The global graphene market size is anticipated to reach USD 1.08 billion by 2027, exhibiting a revenue-based CAGR of 38.7% over the forecast period, according to a new report published by Grand View Research, Inc. Rise in awareness regarding superior characteristics of graphene, such as excellent electrical conductivity and heat resistance is expected to aid the growth.

Rise in demand for consumer electronics in emerging economies in Asia Pacific, including China, India, and Thailand is expected to positively affect the market growth. Ability of bilayer graphene to open a band gap is expected to provide a huge growth potential for adoption in infrared and terahertz radiation detection, which is expected to fuel the demand for graphene.

The market has observed a rise in number start-ups solely focused on experimental research and product development for commercializing the use of graphene. Paragraf, a U.K.-based start-up is focusing on developing graphene-based sensors. The company is also investing in research activities to replace indium in electronic devices with graphene, which is expected to drive the market growth.

Although still in nascent stage of commercialization, the product is expected to exhibit a huge growth potential over the forecast period, owing to its wide range of applications including sensors, composites, energy storage, and RFID. Increasing investments in development of enhanced quality of oxide films and graphene nanoplatelets is anticipated to drive the graphene market growth.

Get Details For “Sample Report, TOC, Segmentation & methodology of Graphene Market” Click Link Below:

https://www.grandviewresearch.com/industry-analysis/graphene-industry

Further key findings from the report suggest:

• Graphene nanoplatelets dominated the market in 2019, accounting for 51.1% of the total revenue share and is estimated to witness substantial CAGR over the forecast period, owing to superior characteristics of the product including high strength and permeability

• The demand from electronics sector is estimated to reach USD 391.7 million by 2027, on account of increasing product application in optoelectronics, communication, and defense electronics systems

• North America accounted for the largest market share and is expected to expand at a revenue-based CAGR of 37.1% over the next eight years, attributed to advanced technological capability for electronics manufacturing

• China is expected to emerge as a promising market for graphene over the forecast period on account of favorable government support to promote investments in manufacturing sector

• The graphene market is highly concentrated, with majority of suppliers and manufacturers located in China. Key participants are focusing in developing strategic partnerships with end users and research institutes

Would you Like to Take a Look On “Sample Report” of Graphene Market Click the Link Below:

https://www.grandviewresearch.com/industry-analysis/graphene-industry/request/rs1

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Grand View Research has segmented the global graphene market on the basis of product, application, and region:

Graphene Product Outlook (Volume, Tons; Revenue, USD Million, 2016 – 2027)

• Graphene nanoplatelets

• Graphene oxide

• Others

Graphene Application Outlook (Volume, Tons; Revenue, USD Million, 2016 – 2027)

• Electronics

• Composites

• Energy

• Others

Graphene Regional Outlook (Volume, Tons; Revenue, USD Million, 2016 – 2027)

• North America

  • U.S.

• Europe

  • Spain

  • U.K.

• Asia Pacific

  • China

  • India

• Rest of the World

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 126 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 4126 analysts and consultants, the company adds 121200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 600 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.