The global graphene market size valued at USD 87.5 Million in 2019 and is projected to reach USD 876.8 Million by 2027, growing at a CAGR% of 40.2% from 2020 to 2027.
Major factors driving the growth of graphene market size are growing purchasing power, increasing consumer electronics demand such as tablets and mobile phones, and rising product penetration in various applications, including energy storage, semiconductors, and sensors.
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TRENDS INFLUENCING THE GROWTH OF GRAPHENE MARKET SIZE
Increasing graphene application in electronics devices for energy storage is expected to drive graphene market size during the forecast period. Incorporating graphene in batteries could increase their performance enormously. Energy density could increase tenfold, enabling the smartphone to last days without recharging. Furthermore, memory chips based on graphene have the potential to increase smartphone storage