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We Empower Humanity through nature's super Electrifying capacity
The global energy storage industry is starting to take notice, thanks to novel research results that show, supercapacitors with electrodes made from hemp-based carbon nanosheets outperform standard supercapacitors by nearly 200%.
Graphene, a carbon nanomaterial, is considered to be one of the best materials for supercapicitor electrodes.
Graphene is, however, expensive to manufacture, costing as much as $2,000 per gram.
Looking for a less-costly solution, researchers in Nanotechnology innovative technologies, led by chemical and materials engineering, developed a process for converting fibrous hemp waste into a unique graphene-like nanomaterial that outperforms graphene.
What’s more, it can be manufactured for less than $500 per ton.
Electrify Humanity through nature's super capacity
Industrial hemp is defined as “the plant Cannabis sativa L. and any part of such plant, whether growing or not, with a delta-9 tetrahydrocannabinol (THC) concentration of not more than 0.3% on a dry weight basis,” according to regulatory standards in the USA and EU.
Rising awareness among the consumers about the benefits of industrial hemp, increasing legalization to cultivate industrial hemp in many countries, and rising application of industrial hemp in diverse industries such as textile, pharmaceutical, food, beverage, personal care, construction & material, furniture, and paper is expected to drive the market for industrial hemp.
The industrial hemp market is projected to grow at a CAGR of 34% from USD 4.6 billion in 2019 to USD 26.6 billion by 2025. The growth of this market is attributed to the increased consumption of hemp-based products due to their various health benefits and increased incidences of diseases such as epilepsy and other sleep disorders.
However, the complex regulatory structure for the usage of industrial hemp in different countries is expected to hinder the market growth of industrial hemp.
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Hemp fiber dominates the market for industrial hemp, in terms of value, since 2018. Hemp fiber is majorly used in the textile and pulp & paper industry, due to its long and robust fibers as compared to cotton. Furthermore, being a renewable source material, its application has been increasing in many diverse industries such as construction, animal bedding, agriculture, furniture, and automobile. Additionally, its usage to obtain biofuels and bioplastics has been expected to increase its demand.
CBD hemp oil is projected to be the fastest-growing type, owing to its role in preventing conditions such as anxiety, depression, pain, and acne. Furthermore, the growing application of CBD hemp oil in personal care products, health supplements, and food & beverages is expected to drive the market for this type.
Our bet is in energy, construction & materials.
Biofuel & Bioplastic
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Hemp is used to make a variety of commercial and industrial products, including rope, textiles, clothing, shoes, food, paper, bioplastics, insulation, and biofuel.
The Global Industrial Hemp Market size is expected to grow from USD 3,528.72 Million in 2019 to USD 18,812.81 Million by 2025 at a CAGR of 32.17% during the forecast period.
Major factors driving the global industrial hemp market size include the growing use in pharmaceutical, personal care, dietary supplements, and food & beverage industries rich in protein and fatty acids.