LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global graphene market to grow at a CAGR of close to 39% during the forecast period, according to their latest report.
The research study covers the present scenario and growth prospects of the global graphene market for 2016-2020. To determine the market size, the report considered the revenue generated through sales of graphene products for applications such as transportation, infrastructural development, and others (electronics applications and solar energy applications).
| Geographically, APAC accounted for the largest share of the market in 2015. APAC is the largest graphite producer globally with China being the major market. China is also the largest graphite producer globally. The graphene market in China was USD 1.4 million in 2014, reaching USD 6.1 million in 2015. The growth of the Chinese market was driven by the adoption of graphene in different industrial applications, including anticorrosive coating, touchscreens, and lithium-ion batteries. |
Request a sample report: http://www.technavio.com/request-a-sample?report=52988
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavio chemicals and materials research analysts highlight the following three factors that are contributing to the growth of the global graphene market:
- Rising number of patents
- Distinct properties
- Increasing R&D investments
Rising number of patents
The global graphene market is attracting investments from private organizations, such as IBM and Nokia, as well as public institutions, such as the European Commission. This intern is enhancing scientific knowledge, accompanied by an increase in the number of patent applications and publications.
“The peak year for patents and publications was 2014. Since various organizations are working at a fast pace on graphene-based researches, there will be a rise in the number of patents filing and will trigger the demand for graphene,” says Ajay Adikhari, a lead analyst at Technavio for research on metals and minerals.
Samsung was the leading applicant in 2014 for graphene followed by Ocean’s King Lighting. Ocean’s King Lighting was at a ninth place in 2013. More than 25,000 patents were published between 2005 and 2014 equating for more than 13,000 patent families (including grant stage, application stage, and granted patents). Every patent family includes one or more published patents that originate from a single original application.
Distinct properties
Graphene has excellent mechanical, electronic, and chemical properties. It is approximately 100 times stronger than steel and can move electrons 200 times faster as compared with silicon. Graphene requires less light energy for electron excitation as it has overlapped electron layers. It is strong, thin, and can easily bend without breaking, which makes it a material of choice for bendable electronics.
“Graphene can be considered as an alternative to indium tin oxide used in plasma televisions and phones. It has excellent properties that are attracting its use in various applications listed below,” says Ajay.
Some of the graphene properties, applications, and end-users are listed below:
| Properties | Application | Industries | ||
| Mechanical | Flexible electronics, conductive inks, and composite materials | Aircraft, automotive, and electronics | ||
| Electronic properties | Integrated circuits, telecommunications, and transistors | Electronics and telecommunications | ||
| Chemical properties | Composite materials, distillation, and thermal management | Electronics and photonics | ||
| Thermal properties | Composite materials and thermal management in electronics and photonics | Electronics and photonics |
Source: Technavio
Increasing R&D investments
Graphene has attracted an investment of USD 2.5 billion in R&D. Public as well as the private institutions are continuously investing in graphene R&D. For instance, the UK government invested USD 80.5 million in the National Graphene Institute in Manchester, UK opened in 2015. The institute is focused on graphene research. In addition, the European Union is funding USD 1.11 billion, over a span of 10 years since 2011, in the Graphene Flagship program intended to understand graphene and its uses. The program involves approximately 74 organizations from 17 countries intended to turn scientific research into marketable products. South Korea also invested USD 350 million in the commercialization of graphene.
In December 2015, Graphene 3D Lab entered into a loyalty agreement with a Fortune 500 manufacturer for R&D. Applied Graphene Materials received a positive notification from the National Aerospace Technology Exploitation Programme (NATEP) regarding its funding application.
Browse Related Reports:
- Global Graphite Electrodes Market 2016-2020
- Global Aluminum Powders Pastes and Flakes Market 2016-2020
- Global Zirconium Market 2016-2020
Do you need a report on a market in a specific geographical cluster or country but can’t find what you’re looking for? Don’t worry, Technavio also takes client requests. Please contact enquiry@technavio.com with your requirements and our analysts will be happy to create a customized report just for you.
About Technavio
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
If you are interested in more information, please contact our media team at media@technavio.com.
