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Global Graphene Market Predicted to Reach $106 Million by 2022
June 8, 2016 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Global Graphene Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2012 to 2022"report to their offering.
The worldwide graphene market is predicted to touch 106 million US dollars by the end of year 2022, growing at a CAGR rate of 33.56% during the estimated period. It is predicted to experience substantial growth in future due to the growing demand from electronics sector in evolving economies like India and China.
Today, substantial amount of research regarding the use of Graphene is being carried out in different applications like automobiles sector, electronics industry, defense & aerospace sector, power& energy sector and healthcare industry. The reason for this being that Graphene displays exceptional features and characteristics. Growing use of Graphene in aerospace & defense applications, smart phones and automobile applications is predicted to provide a business opportunity for the global Graphene market in future.
Growing demand for Graphene in telecom sector and automobile industry is predicted to provide growth avenues to the global Graphene market during the estimated period.
But, the high production costs and complicated manufacturing procedures involved in the production of Graphene are anticipated to inhibit the growth of the global Graphene market as it restricts the use of Graphene to high cost applications.
Growing economies like Russia, India, Brazil, China and other South East Asian nations have been experiencing substantial growth in the production of Graphene.
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