Global graphene market size is likely to be worth more than USD 400 million by 2023. Production capacity is expected to exceed over 9 kilo tons by 2017.
Electronics & optoelectronics was the largest application and accounted for more than 25% of the total graphene market size in 2015. Graphene nanocomposites market size accounted for over 20% of the total volume and is likely to witness significant gains over the forecast period. Other applications include energy (oil & gas), aerospace, automotive, paints & coatings, academic research and sensors.
North America graphene market share was the largest regional segment and is likely to continue dominance over the forecast period at significant growth rates. Factors such as growth in manufacturing industries, nanocomposites demand & coating materials, and increasing number of research tie-ups between companies & institutes are likely to drive regional demand. Asia Pacific, driven by China and India, graphene market share is likely to grow at the highest rate over the forecast period.
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Increasing application scope in electronic industry is likely to drive demand. Properties such as flexibility, wide range optical transmittance, electrical & thermal conductivity and excellent mechanical strength are expected to fuel growth in existing and potential electronics applications. These applications include printed & flexible circuitry, advanced batteries, supercapacitors, ultrafast transistors & lasers, photodetectors and touch screens
Increasing use as filling agents in composite materials is likely to drive demand over the forecast period. They are used as substitutes for CNT (carbon nanotubes) and clay owing to better thermal and electrical conductivity.
Graphene nanocomposites market is likely to witness an increase in demand from applications such as energy storage devices, manufacturing sensors and biomedical. In energy storage applications, they provide stability for longer duration in devices such as lithium-air and lithium sulfur batteries. They are used in biomedical applications which include bio-imaging, nanomedicine and gene & drug delivery.
Graphene field-effect transistors (GFETs) are considered building block for devices and can find scope in applications such as photodetectors, chemical sensors and electronic circuits. In 2013, Bluestone Global Technology launched GFETs under the brand name Grat-FET which are used by industrial and academic customers. Six Frontiers was launched in 2014 with a limited volume for diagnosing diseases such as cancer which is currently used by ELISA technologies. The company is planning to enter into diagnostic & consumer health market which may require chips in larger quantities.
This latest Graphene market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across a number of regional markets. The report also analyzes the Graphene industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
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Graphene market size & forecast by product & application
Growth drivers, pitfalls & industry challenges
Key Graphene market growth opportunities & emerging business models
Competitive benchmarking with market share analysis and company profiles
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