Graphene is a super-advanced material that has many useful qualities. It is widely used in electronics products, photovoltaic cells, ultra-light vehicles, energy generation systems, and medical implants. It is a unique combination of diamond and graphite, with the best of both worlds. Graphenes has extraordinary strength and stiffness. Diamond is brittle by nature, while Graphene is much more so, which opens up a whole new class of products and applications. Graphene is classified into mono-layer & bi-layer graphene, graphene oxide (GO), few-layer graphene (FLG), and graphene nanoplatelets (GNP).
High demand for consumer electronic products such as tablets and mobile phones due to increasing disposable income is predominantly fueling the growth of graphene market. Expansion of the chemical industry around the globe is another key factor augmenting the growth of graphene market. According to the Cefic Facts & Figures 2020, the global chemicals turnover was valued at €3,347 billion in 2018. Global sales grew by 2.5% from €3,266 billion in 2017 to €3,347 billion in 2018. With €1,198 billion in 2018, China is still the largest chemical producer in the world, contributing 35.8% of global chemical sales in 2018.
The Asia Pacific is expected to exhibit significant growth over the forecast period and this is attributed to the increasing usage of consumer electronic products in the region. According to the India Brand Equity Foundation, the Indian appliance and consumer electronics (ACE) market reached Rs. 76,400 crore (US$ 10.93 billion) in 2019. Appliances and the consumer electronics industry is expected to double to reach Rs. 1.48 lakh crore (US$ 21.18 billion) by 2025.
Key Developments:
1. In November 2020, Graphene announced the launch of the next generation of advanced technologies, and the Stirling based outfit, Integrated Graphene is set to launch their first graphene-enhanced product
2. In November 2020, Applied Graphene Materials, a producer of specialty graphene nanoplatelet dispersions, has launched a new commercial service offering. ‘Innovation Accelerator’ is a unique end-to-end research and development service to support businesses in harnessing the potential of graphene in their products.
3. In October 2020, GrapheneCA has developed a new graphene-improved ceramic-based coating with a built-in antimicrobial additive for protection of various types of glass for up to 2 years.
4. In July 2019 Graphmatech has launched Aros Create which is Nylon Aros Graphene® pellets with a volume resistivity of less than 1 Ωcm while maintaining polymer lightweight, flexibility, processability, and recyclability.
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