Graphene market value 2028| ��ƽ��

Market value of graphene worldwide in 2023 with a forecast for 2028 (in billion U.S. dollars)

Characteristic	Market value in billion U.S. dollars
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Release date

August 2023

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Region

Worldwide

Survey time period

2023

Supplementary notes

*Estimated.
**Forecast based on a compound annual growth rate of 43.64 percent during the forecast period (2023-2028).

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The global market value of graphene is expected to reach **** billion U.S. dollars in 2028, which will be a considerable increase from the market value that was recorded in 2022.

The material of the future

The significant increase in the market value of graphene can be attributed to the fact that there is a greater understanding of the material and its wide variety of potential uses. Research into the material has so far been conducted on a relatively small scale and so the full scope of graphene’s possibilities remains to be seen. Nevertheless, graphene is poised to revolutionize industries around the world and the global market value of graphene-based products is projected to stand at *** billion U.S. dollars in 2025.

What is graphene?

Graphene was first isolated in 2004 by two researchers at The University of Manchester: Andre Geim and Konstantin Novoselov. The material has a special set of properties that make it stand out from other carbon forms such as diamond and graphite. Graphene’s two-dimensional, one-atom-thick structure means it is light and thin, yet very strong due to its hexagonal lattice of densely packed carbon atoms. Furthermore, by combining graphene with other materials such as plastics, unique composite materials could also be made.