San Francisco, May 17, 2016 (GLOBE NEWSWIRE) -- The global graphene market is expected to reach USD 74.8 million by 2022, according to a new report by Grand View Research, Inc. Rising consumer awareness regarding the unique properties of graphene, which are likely to open new opportunities for technological advancement, is expected to drive demand. Emerging economies including China and India are expected to witness a significant growth over the forecast period on account of growing demand from multinational companies for the purpose of research and development.
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Graphene nanoplatelets are expected to witness significant gains on account of their wide use in various industries including electronics, aerospace, medical and energy storage & generation. Over the past few years, the market has witnessed a sudden increase in demand from various companies and institutions for the purpose of research and development of the product.Demand is likely to reach 1,321.1 tons by 2022, growing at a CAGR exceeding 22.0% from 2015 to 2022.
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Further key findings from the report suggest:
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Grand View Research has segmented the global graphene market on the basis of product, application and region:
Product Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2022)
Application Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2022)
Regional Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2022)
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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