The increasing usage
of graphene in different applications in the medical sector is the biggest
reason behind the growing demand for the material across the world. œIts high
strength and thinness make it one of the important raw materials required for
the production of bio electric sensors, that track the level of glucose,
cholesterol, and hemoglobin in the blood. In addition to this, graphene is
used in the manufacturing of the bioelectric sensors used in the testing for
DNA (deoxyribonucleic acid).
Apart from the above-mentioned devices, graphene is also used in prosthesis devices, dental implants, cancer treatment, and therapeutic tools. Furthermore, the private and public organizations in several countries are conducting numerous research and development (R&D) activities in order to develop a process that can combine the graphene nano-materials with medications, nano adjuvants, and vaccine carriers. This is being done in order to increase the compatibility of the materials with the human immune system.
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The other major propelling the demand for graphene is its growing requirement in various applications pertaining to the electrical and electronics industry. These factors are predicted to cause a drastic rise in the valuation of the global graphene market, from $87.5 million to $646.8 million during 2019”2030. The market is expected to register a CAGR of 20.2% from 2020 to 2030, as per the forecast of P&S Intelligence, a market research company based in India.
In the future years, œthe graphene market is expected to demonstrate the fastest growth in North America, out of all the other regions in the world. This is primarily ascribed to the increasing utilization of graphene in composites, that are heavily used in the manufacturing processes of aircrafts, automobiles, and various electrical and electronics systems in the region. Furthermore, graphene is widely required in the production of healthcare equipment, which is, in turn, fueling its demand in the region.
| Company Name | Contact Person | Contact Number | Email Id | Website | Address |
|---|---|---|---|---|---|
| P&S Intelligence |
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