You’ve no doubt heard a lot about the wondrous possibilities of graphene but what actually is it, and why does it hold so much promise?
Put simply, graphene is a type of carbon, which is one of the oldest-known chemical elements. Carbon is one of the most abundant elements in the universe and forms an essential part of all known life on earth.
Its atoms are able to bond together in different ways, giving rise to different allotropes of carbon, which include graphite, diamond and graphene.
Graphene is an extremely small, two-dimensional, hexagon-shaped lattice (pictured above). Each atom forms a vertex, or a point where two lines meet.
These qualities are what make it such an impressive building-block material.
Despite its thinness, graphene is 100 times stronger than even the strongest steel. It conducts heat and electricity exceptionally well, making it very efficient.
Its existence was theorised for decades, and first observed in the early 1960s, but was not isolated and produced until 2004, by researchers at the University of Manchester.
It has since gone on to become a highly-sought after material, with the global market for graphene set to reach as much as $800 million by 2025, according to one estimate by Grand View Research.
Its range of applications spreads across multiple industries, including the medical, electrical, mining, energy, technology and environmental sectors.
The heavy demand for graphene is great news for a company like First Graphene (ASX:FGR), which is one of few global companies able to produce commercial qualities of pure graphene.
First Graphene this month commenced sales to customers in both Australia and Europe.
This content is produced by Star Investing in commercial partnership with First Graphene. This content does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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