Application
In the last two years, graphene has become increasingly popular in various industries, ranging from energy storage to anticorrosive paint. This trend is evident in the significant rise in patent filings about graphene worldwide, with a CAGR of 60.9% between 2010 and 2017. Even though the graphene industry is relatively small in size, it is progressing rapidly. The global graphene market size increased by 84.8% from roughly USD 85 million in 2017 to almost USD 200 million in 2018. According to a new report by Grand View Research, Inc., the global graphene market size is expected to reach USD 552.3 million by 2025, with an expected CAGR of 38.0% over the forecast period. The intense competition among global economies to harness the commercial value of graphene has triggered a race for supremacy. The graphene application market value is expected to surpass USD 1 billion in 2023, fueled by the growing demand for smart consumer electronics. The primary locations for global graphene manufacturers are the UK, China, and the United States.
Aerospace
Carbon fiber is vital for aviation due to its strength, low weight, and resistance to fatigue and corrosion. It improves fuel efficiency, reduces emissions, and revolutionizes aircraft design and manufacturing, enabling safer, fuel-efficient, and environmentally friendly aircraft.
Automotive
Carbon fiber is important in the automobile industry due to its high strength-to-weight ratio, making it a popular material for use in lightweight car parts such as body panels, spoilers, and structural components. This can lead to improved fuel efficiency, performance, and handling, as well as reduced emissions.
Wind Turbine
Carbon fiber is important in the wind turbine industry because it is a lightweight, strong, and durable material that can withstand the harsh conditions of wind turbines. It allows for larger, more efficient blades to be made, increasing energy production and reducing maintenance costs. Additionally, carbon fiber's corrosion resistance makes it ideal for offshore wind turbines.
Paints
Graphene, a highly conductive and strong material, has become an important component in the paint industry due to its ability to enhance the properties of coatings. Graphene-based paints provide improved barrier properties, durability, and corrosion resistance, as well as anti-static and thermal management capabilities, making them highly desirable for a range of industrial and consumer applications.
Tires
Graphene is a revolutionary material that can significantly enhance the performance of tires by increasing their durability, reducing rolling resistance, improving grip and enhancing overall safety. It is also lightweight and sustainable, making it an ideal choice for manufacturers looking to create high-performance and eco-friendly tires.
Batteries
Graphene, a highly conductive and flexible material, is important in the battery industry due to its ability to enhance the efficiency and lifespan of batteries. It can improve battery capacity, charge rate and reduce charging time, while also making batteries lighter and more durable.
Consumer Product
Graphene is important in the consumer product industry due to its exceptional properties, including high strength, flexibility, and conductivity. It can be used in a variety of products, from batteries to electronics to clothing, improving their performance and durability. Graphene's potential to revolutionize industries has led to a surge in research and development, making it a highly sought-after material.
Military
Graphene is important in the military industry because of its exceptional mechanical, thermal, and electrical properties. It can be used to create lighter, stronger, and more durable materials for armor, sensors, and batteries. Its unique properties also make it ideal for developing advanced communication and electronic systems.
