Global Graphene Market 2017-2021
Graphene a compound of carbon atoms is assumed to be eco-friendly and has limitless applications such as transparent conductive films, field effect transistors, and lithium-ion battery additive. It is preferred in the production of supercapacitors due to its high electronic conductivity at 1,738 siemens per meter (compared with activated carbon's electronic conductivity of 100 siemens per meter). Laser scribed graphene supercapacitors are highly flexible, quick to charge, lightweight, and extremely thin.
Technavio’s analysts forecast the global graphene market to grow at a CAGR of 39.22% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global graphene market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of graphene products.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Graphene Market 2017-2021
Technavio recognizes the following companies as the key players in the global graphene market: Advanced Graphene Products, Graphene Platform, Graphenea, Group NanoXplore, and Haydale.
Other Prominent Vendors in the market are: Applied Graphene Materials, Directa Plus, Grafoid, Graphene 3D Lab, Thomas Swan, and Vorbeck Materials.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increasing use of graphene for power storage. Currently, supercapacitors are used in conjunction with batteries to give an instant boost in energy for applications like electric cranes that require extra torque to lift heavy loads. Supercapacitors are quick to charge but lack energy storage. Therefore, it is impractical for long hours of use”
According to the report, one of the major drivers for this market is Multifunctional properties of graphene. Batteries infused with graphene increases energy density by 10-fold, enhancing performance and enabling smartphones to last longer without recharging. If used in electric cars, they can challenge gasoline vehicles in terms of mileage range.
Further, the report states that one of the major factors hindering the growth of this market is High production cost. Industrial manufacturing of graphene involves complex processes and high cost of production, resulting in expensive products. Graphite exfoliation into graphene sheets with the help of chemicals is one of the easiest ways to produce large quantities of graphene. The negative side of this reaction is occurrences of side reactions due to the presence of oxygen, leading to the formation of graphene oxide that is a non-conductor of electricity. Another method for obtaining high-quality graphene is by removing oxygen from graphene oxide, but it has been a challenge for the past two decades as oxygen has the tendency to distort the atomic structure and degrade the properties of graphene.
Advanced Graphene Products, Graphene Platform, Graphenea, Group NanoXplore, and Haydale, Applied Graphene Materials, Directa Plus, Grafoid, Graphene 3D Lab, Thomas Swan, and Vorbeck Materials.
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