The global graphene market size is expected to reach USD 552.3 million by 2025, according to a 2019 report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 38.0% over the forecast period. Growing demand for smart consumer electronics is anticipated to fuel the market over the forecast period. The global graphene market size was estimated at USD 42.8 million in 2017.
Graphene nanoplatelets are projected to grow at a revenue CAGR of 25.2% during the forecast period within the global graphene market. The increasing demand for graphene-based composites and coating materials used in the manufacture of structural components in aircraft primarily drives the growth of this segment. Consumer demand for efficient, lightweight, strong, and environmentally friendly products are other significant market drivers of graphene nanoplatelets.
XG Sciences a market leader in the design and manufacture of graphene nanoplatelets and advanced materials containing graphene nanoplatelets, announced the signing of a distribution agreement with CenoStar, a global provider of functional fillers.
CenoStar will leverage its knowledge and market channel in various end-use markets for cement additives in the distribution of XG Sciences’ XG Concrete
Graphene oxide is not a good conductor as graphene but processes exist to augment Graphene oxide properties. It is commonly sold in powder form, dispersed, or as a coating on substrates.
Graphene oxide is synthesized using four basic methods: Staudenmaier, Hofmann, Brodie and Hummers. Many variations of these methods exist, with improvements constantly being explored to achieve better results and cheaper processes.
Graphene oxide is used in the production of transparent conductive films, like the ones used for flexible electronics, solar cells, chemical sensors and more. GO could replace tin-oxide (ITO) in batteries and touch screens.
Graphene Oxide has a high surface area, and so it can be fit for use as electrode material for batteries, capacitors and solar cells. Graphene Oxide is cheaper and easier to manufacture than graphene.
Graphene Oxide can easily be mixed with different polymers and other materials, and enhance properties of composite materials like tensile strength, elasticity, conductivity and more.
Supercapacitors With Far Higher Energy Density
First Graphene has signed an exclusive worldwide licensing agreement with the University of Manchester to develop graphene-hybrid materials for use in supercapacitors. The licensing agreement is for patented technology for the manufacture of metal oxide decorated graphene materials, using a proprietary electrochemical process.
The graphene-hybrid materials will have the potential to create a new generation of supercapacitors, for use in applications ranging from electric vehicles to elevators and cranes.
Supercapacitors typically use microporous carbon nanomaterials, which have a gravimetric capacitance between 50 and 150 Farads/g. Research carried out by the University of Manchester shows that high capacitance materials incorporating graphene are capable of reaching up to 500 Farads/g.
State of Academic Work and Commercialization
The ground-breaking demonstration of the electric field effect in graphene reported more than a decade ago prompted the strong push towards the commercialization of graphene as evidenced by a wealth of graphene research, patents and applications. Graphene flake production capability has reached thousands of tonnes per year, while continuous graphene sheets of tens of metres in length have become available. Various graphene technologies developed in laboratories have now transformed into commercial products, with the very first demonstrations in sports goods, automotive coatings, conductive inks and touch screens, to name a few. Although challenges related to quality control in graphene materials remain to be addressed, the advancement in the understandings of graphene will propel the commercial success of graphene as a compelling technology. This Review discusses the progress towards commercialization of graphene for the past decade and future perspectives.
SOURCES- Grandview Research, Graphene Info, Reuters, Wikipedia, Graphene Council, Nature Nanotechnology
Written By Brian Wang, Nextbigfuture.com
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
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