Revenue Explosion Expected in Global Graphene Market From 2020 to 2030
The global graphene market had a valuation of $87.5 million in 2019 and it is predicted to generate a revenue of $646.8 million by 2030 . Furthermore, the market will advance at a CAGR of 20.2% from 2020 to 2030, as per the forecast of the market research firm, P&S Intelligence. The market is being driven by the burgeoning requirement for graphene in the electrical and electronics industry and the growing usage of the compound in the healthcare sector. Because of its high strength and thinness, graphene is being extensively used for manufacturing bioelectric sensors that track and monitor the cholesterol, glucose, and hemoglobin levels and also the ones used for testing the deoxyribonucleic acid (DNA) level in the human body. In addition to this, graphene is also utilized heavily in dental implants, therapeutic tools, cancer treatment, and prosthesis devices. Moreover, many healthcare organizations are conducting exhaustive research aimed at combining graphene nanomaterials with me...