The World Market for Graphene to 2017
Graphene has moved swiftly from the research laboratory to the marketplace, driven by demand from markets where advanced materials are required. These include the aerospace, automotive, electronics, energy storage, solar, oil service, and lubricant sectors.More Details
The distinctive electronic, thermal and mechanical properties of graphene make it a potentially disruptive technology across a raft of industries. In 2010, there were over 400 patents issued on graphene and South Korea is set to spend $300million on commercialization initiatives over the next few years. Applications will be coming onto the market soon for highly conductive and super strong composites, transparent conductive coatings in touch-screen displays, photodiodes and high frequency transistors.
Graphene-based conducting inks are also finding their way into smart cards and radio-frequency identification tags. In the past 18 months market demand has increased by over 4,000% for these materials.
Most graphene manufacturers currently produce graphene nanoplatelets and graphene oxide and plan to scale-up production considerably over the next 18 months. Producers are generally small, start-up companies who have witnessed an explosion in demand for their materials from a variety of industries. Multi-national companies such as IBM and Samsung are aggressively pursuing applications for graphene in electronics and optics.
However, most near-term demand is for composites and electrodes for application in the automotive, plastics, metals, aerospace and energy markets.
In the past 18 months market demand for graphene has increased by over 4,000%.