Graphene is a highly prized material for its exceptional properties, including excellent strength, electrical conductivity, and thermal conductivity. It has been attracting attention in the scientific community for its potential applications in fields such as electronics, medicine, and energy.
(how much does graphene cost 2018)
However, it’s not just about the materials themselves; their cost is also an important factor to consider when evaluating their usefulness. As of 2018, the cost of graphene was relatively high compared to other materials.
According to a report by Research and Markets, the global graphene market size was valued at $367 million in 2019 and is expected to reach $534 million by 2026, growing at a CAGR of 20% during the forecast period. This growth can be attributed to increasing demand for advanced materials with unique properties and a growing awareness of the benefits of using graphene in various industries.
The cost of graphene can vary depending on several factors, including the type and quality of graphene, the manufacturing process used, and the source of raw materials. For example, natural graphene typically comes from plants and animals, while synthetic graphene is produced through chemical reactions.
One of the main factors that affect the cost of graphene is the type and quality of the graphene. Natural graphene has a higher content of carbon atoms than synthetic graphene, which means that it costs more to produce. Additionally, natural graphene is often less abundant, which can drive up the overall cost.
Another factor that affects the cost of graphene is the manufacturing process used. Graphene manufacturing involves several steps, including, washing, and refining the material. The complexity of the process can result in higher costs due to increased equipment and labor requirements.
The cost of graphene can also be affected by the availability of raw materials. Graphene is primarily extracted from flint and other minerals, but these sources are becoming increasingly scarce, leading to higher costs.
(how much does graphene cost 2018)
In summary, while graphene has incredible potential for various applications, its cost remains one of the significant factors to consider. With increasing demand and growing awareness of the benefits of graphene, it’s likely that the cost will continue to decrease in the coming years. However, it’s essential to note that the cost of graphene will depend on several factors, and it’s crucial to carefully evaluate the cost-benefit ratio before investing in any new material.
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