Graphene’s Market Growth

The global graphene market size in 2019 was US$87.5 million,
it is expected to reach US$876.8 million by 2027 with a compound annual growth
rate of 40.2% in the next 6 years.

Considering that graphene has not even completely passed
into the stage of mass production, there is a huge demand in the market. The
growth of and great demand for graphene is due to its unique properties and the
increased interest from scientists in its study.

Graphene is a material consisting of a crystal lattice,
which is formed by hexagons of atoms. Graphene is a single lattice layer one
atom thick and due to this unique property, it is the thinnest material known
to exist; Graphene is 60 times thinner than the smallest virus, it is at least
150 times thinner than SARS-CoV-2. According to the researchers, the diameter
of the virus has been found to range from anywhere between 50 nm to 140 nm,
whereas graphene’s thickness measures at 0.33 nm. This distinctive factor could
assist scientists to make progress in protecting against Coronavirus
(SARS-CoV-2) as graphene can be used to improve personal protective equipment.

The nanotechnology industry is extremely interested in
graphene. Nanotechnology plays a big role in assisting with emergency viral
sicknesses, including COVID- 19. According to the Food and Drug Administration
(FDA), nanoscale structures offer exceptional physicochemical and organic homes
in comparison to macro and micro materials. For example, drug encapsulation
into nanocarriers makes it feasible to control its launch charge withinside the
goal sites, enhance biocompatibility and reduce toxicity in healthy
tissues.  Additionally, nanomaterials
reduce the possibility of viral infection through the air and from infected
surfaces and can be extremely beneficial in sterilizing protective devices in
institutions such as health facilities.

Nanomaterials can also be used in electric and optical
devices, this has been broadly explored within the improvement of diagnostic
methods, for example, point-of-care (POC) biosensors. The sensitivity of
detection can be increased through the usage of nanoparticles, which permits us
to interpret the evaluation at low concentrations. This technique contributes
to decreased analysis times and increased isolation times which can facilitate
quicker care of those infected with SARS-CoV-2. The interactions of
nanomaterials and organic interfaces are then the premise for potential
(bio)clinical packages. As you can see, nanotechnology affords new
possibilities to combat COVID-19 by allowing new, quicker and higher varieties
of prevention, analysis and remedy.

Based on the properties and benefits of these
nanostructures, we can understand nanomedicine techniques and feasible packages
that might facilitate control of the COVID-19 pandemic. It is because of the
current global pandemic that the graphene market is expected to show an even
larger growth.

Graphene is 3000 times thinner than a bacterium and 300,000
times thinner than a sheet of paper, it has this structure due to
sp2-hybridization and the fact there are four electrons on the outer shell of
the carbon atom. During sp2-hybridization, three of the four enter into a bond
with neighbouring atoms and the fourth forms energy bands. Graphene is a
thermal conductor, demonstrates flexibility, elasticity and is 97% transparent.
Alongside these incredible properties, graphene is also the strongest known
material: stronger than steel and diamond. Graphene also perfectly conducts
electric currents, its uniqueness is that it has the same structure as
semiconductors, while it conducts electricity itself – like conductors. In
fact, the electronic and semiconductor industry is considered the main
contributing factor to the rapid growth of the global graphene market. This
growth is also influenced by the growing demand for consumer electronics,
primarily mobile phones, tablets and other personal devices. Some graphene
studies have shown that graphene’s high electrical conductivity is the most
efficient property and can be used in batteries by replacing lithium batteries.
It also has a high mobility of charge carriers inside the material, this is why
graphene detects signals in photo and video equipment so much faster than other
materials.

In terms of quantity, the automotive and transportation
industries are the industries with the largest application potential from the
graphene market. Graphene can be used in various applications in these
industries, such as composite structural parts, automotive batteries, tires and
damage prevention systems. Increased demand for these applications is expected
to be a catalyst in the advancement of the graphene market. Supercapacitors,
due to their small size, have long been used in the automotive industry as
intermediate storage systems. However, the limitation is related to the key
characteristics of ionic capacitors: they have a huge power output per unit
mass with a small energy reserve. In their pure form, they cannot replace the
chemical traction batteries in electric vehicles but a certain combination of
supercapacitors and traditional lithium batteries provide a remarkable
combination of performance for cars, Skeleton Technologies is convinced.

Super batteries actually span the principle of energy
storage in capacitors and chemical reactions. Incidentally, Tesla’s acquisition
of Maxwell Technologies, one of the leading manufacturers of supercapacitors in
2019, also shows that automakers are confident in the future of battery
technology. Lithium-ion batteries did not have their last words.  Audi CEO Marcus Dussmann told German
publication Automobilwoche that the company has stopped working on all new
internal combustion engines. This means there will be no next-generation
gasoline or diesel engines, although engineers will continue to modernize
existing engines. The upcoming Euro 7 standard, with stricter emission limits,
is going to be introduced in 2025 and will undoubtedly divide the automotive
world into two different groups. On the one hand, some people will continue to
produce internal combustion vehicles, although their cruising range will be
reduced due to the transition to hybrid vehicles. On the other hand, there will
be far more car manufacturers who have no choice but to permanently abandon the
internal combustion engine and switch to the electric motor. Audi joined this
group and officially announced the end of the development of internal
combustion engines. Markus Düssmann, CEO of the famous German brand, stated
that the development of new internal combustion engines is no longer possible
and it is best to adapt existing engines to future standards before they are
finally eliminated. This means that the production of Audi’s iconic TDI and
TFSI engines is about to end, whilst the production of Audi’s two iconic
models, the R8 and TT, is also about to finish. 
They have no direct expected successors and in fact, Audi plans to
launch 20 electric models in the next five years. The brand also announced its
intention to transform major models such as the A4 and A6 into fully electric
vehicles by the end of this century.; this puts Audi on the path planned by
rival brand Mercedes. Last week, Markus Schäfer, a board member responsible for
Mercedes development, too stated that the company will no longer develop
internal combustion engines. “This means that most of the investment can
now be really invested in electric vehicles,” Schäfer told Handelsblatt.
However, what about the Tesla? What is so interesting and unique about Tesla?
Tesla models are unique in that they drive electric motors without using
gasoline, the main player in Tesla car models is batteries. Now imagine that 20
minutes of charging the car is enough to travel 1000 kilometres or more. It
might be hard to imagine that almost all cars in the not too distant future
will be electric, but the evidence above shows that the world’s leading car
companies are planning to focus on producing electric cars. With the properties
of graphene, this is the material that all engineers in the auto industry will
pay attention to first.  Graphene is
currently being researched and found to have incredible properties for a
material composed of carbon, so it’s no surprise that not only engineers but
also many scientists in this field are invested and involved in its
development.

The Graphene studies record has been curated by taking into
account various factors that decide the local increase along with the economic,
environmental, social, technological and political reputation of each specific
region. Analysts have studied the records of sales, production and producers of
every region. This phase analyses region-sensible sales and the extent of the
forecast duration between 2015 to 2026. These will assist individuals to
recognize the worth of funding in a selected region.