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The market value of graphene is forecast to increase across various industries within the United States over the forthcoming years, with the market for graphene-based electronics expecting particularly strong growth – its value is predicted to exceed ** million U.S. dollars by 2024.

Explanation – Will graphene revolutionize future electronics?

Graphene’s special set of properties – thin, light, strong, and an excellent conductor of heat and electricity – make it the ideal material to have a significant impact on a number of industries. The use of graphene in electronics looks set to have the most potential, with the worldwide market size for graphene electronics expected to reach around *** million U.S. dollars in 2024. For example, graphene could unlock a new wave of super-fast, ultra-light smartphones or wearable devices.

Context – Graphite: the lead in your pencil

The potential of graphene might not have been recognized had it not been for groundbreaking work with one of the best-known forms of carbon: graphite. Graphite is essentially made up of one-atom-thick layers of graphene stacked on top of each other to form a three-dimensional structure. The bond that links the layers is relatively weak, allowing the layers to slide across each other; therefore, graphite is very soft and is the ideal material for pencils.