The Global Market for Graphene is Projected to Reach US$125 Million by 2020

Promising Applications in Electronics, Energy Storage & Composites to Drive the Global Graphene Market, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Graphene. The global market for Graphene is projected to reach US$125 million by 2020, driven by promising applications in the electronics, healthcare, transport, energy storage, composites and textile industries.

Graphene, which is one million times thinner than human hair is found to be 200 times tougher than steel. The unprecedented interest generated by graphene is attributable to five unique properties of the material, including its super strength, ultra-thinness, extremely high conductivity, versatility, and cost. The wonder material is expected to make revolutionary forays into electronics, healthcare, transport, energy storage, composites, and textile industries, among others. Superior mechanical, electrical, magnetic and thermal properties promise wide prospects for graphene. Development of graphene is still in the R&D stage and mass production is yet to be realized. Despite its current niche market profile, global demand for graphene is projected to spiral in the coming years, supported by anticipated breakthroughs that will enable successful commercial production.   

The annual global demand for semiconductor silicon is approximately 2,500 tons. The untapped opportunities for substitution of crystalline silicon by graphene therefore remain huge. Companies such as Apple, Samsung, IBM, Xerox, Sony, Lockheed Martin and Saab are competing with each other to file patents for graphene related technologies developed by them. Future growth in the market will be driven by potential graphene-based products that are currently in various stages of research and commercialization. These include supercapacitors; leak-proof, plastic containers for keeping food fresh for extended periods; transparent conductive paints for displays and solar cells; stronger medical implants; stronger wind turbines; improved sports equipment; enhanced conductivity of materials; high frequency high-power electronic equipment; advanced touchscreens, LCDs and OLEDs; and artificial membranes for compartmentalizing two liquid reservoirs, among others.

Circuitry based on extremely conductive graphene will enable consumer electronic devices to deliver unprecedented levels of power and speed. Availability of graphene-based supercapacitor batteries is expected to enable high-speed, long-lasting charging of mobile Internet devices, including smartphones. In addition, graphene also hold the potential of being used for developing extremely efficient solar cells, and/or coating lithium-ion battery electrodes, which not only facilitate high-speed charging of batteries, but also increase in their storage capacity. Graphene is also expected to be used to develop electric vehicles, which are capable of covering up to 300 miles on a single charge, and are significantly lighter and stronger in comparison to the traditional vehicles made from steel and plastic. Additionally, graphene is expected to enable the development of tablet computers that are no longer bulky, stiff, book-shaped devices, but thin sheets capable of being rolled up and carried in pockets.

As stated by the new market research report on Graphene, Asia-Pacific represents the largest and the fastest growing market worldwide with a CAGR of 50.7% over the analysis period. China, the country with the world’s largest graphite reserves and currently the world’s largest producer of graphene, is spearheading global commercialization and R&D efforts.

Key players covered in the report include 2-DTech Limited, Abalonyx AS, ACS Material, LLC, Advanced Graphene Products Sp. z o.o., AVANZARE Innovacion Tecnologica S.L., BASF SE, DFJ Nanotechnologies Co., Ltd., Grafen Chemical Industries, Grafoid Inc., Graphene Frontiers, Graphene NanoChem plc, Graphene Square Inc., Graphene Technologies, Inc., Graphenea S.A., Hangzhou Gelanfeng Nanotechnology Co., Ltd., Haydale Limited, Nanjing XFNANO Materials Tech Co., Ltd., Nanoinnova Technologies SL, NanoIntegris Technologies, Inc., Nanotech Biomachines, Inc., Shanghai SIMBATT Energy Technology Co., Ltd., Stanford Advanced Materials, Suzhou Graphene Nanotechnology Co., Ltd., and XG Sciences, Inc., among others.

The research report titled “Graphene: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for major geographic markets including the US, Canada, Japan, Europe (France, Germany, UK, and Rest of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), and Rest of World. Application areas analyzed for the global market include Sensors, Supercapacitors, High Strength Composites, R&D, and Others.