The Graphene Market is being driven by Growing use of graphene in construction industry
The Graphene Market is expected to grow at a CAGR of 34.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1364.8 million. In the realm of medical applications, graphene has emerged as a promising material with significant potential in areas such as drug delivery, DNA sequencing, and medical devices. Given the global rise in cancer prevalence and mortality rates, a substantial number of graphene technological patents in biomedical research are dedicated to cancer treatment. This innovative approach to cancer therapy entails administering chemically modified graphene particles to patients, which selectively adhere to cancer cells. Subsequent radiological treatments precisely target the tumor, minimizing damage to healthy cells due to graphene's unique ability to absorb infrared light. By employing graphene for targeted drug delivery, the undesirable side effects associated with traditional cancer treatments, which indiscriminately destroy both healthy and affected cells, can be mitigated.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
209 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 34.7% |
Market growth 2025-2029 |
USD 1364.8 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
32.4 |
Key countries |
US, China, Germany, UK, Canada, Japan, India, South Korea, Mexico, and Australia |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The 2D material, Graphene, is a leading advanced material in the realm of carbon nanomaterials, renowned for its high-performance properties. These include conductivity, transparency, flexibility, biocompatibility, and electrochemical, mechanical, thermal, optical, barrier, antibacterial, and corrosion resistance. Graphene derivatives such as quantum dots, flakes, sheets, films, powders, inks, and dispersions have emerged, leading to various integration methods and manufacturing processes like Chemical Vapor Deposition. Characterization techniques include Raman Spectroscopy, Atomic Force Microscopy, Transmission Electron Microscopy, and X-ray Diffraction. Patents and standards guide the investment and venture capital landscape in this dynamic field.
The global diversified metals and mining industry encompasses businesses involved in the production or extraction of a range of metals and minerals, including non-ferrous metals such as lead, nickel, tin, titanium, zinc, cobalt, mercury, tungsten, beryllium, bismuth, cerium, cadmium, niobium, indium, gallium, germanium, lithium, selenium, tantalum, tellurium, vanadium, and zirconium, as well as salt, borate, phosphate rock, and diversified mining operations. According to Technavio, the market size is determined by the consolidated revenue generated by these companies. In the realm of advanced materials, graphene composites, graphene oxide, and graphene nanomaterials represent emerging sectors within the non-ferrous metals category. These materials offer significant potential for various industries due to their unique properties, including high conductivity, strength, and flexibility. The global market for graphene composites, graphene oxide, and graphene nanomaterials is expected to witness robust growth in the coming years, driven by increasing demand from sectors such as electronics, energy, and transportation.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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