Bright outlook for global graphene market through 2035
Graphene has been touted as a “wonder material” with the potential to disrupt and revolutionize technologies utilized in composites, electronics, energy, and numerous other sectors. Researchers are seeking “killer applications” that will exploit graphene’s unique properties and drive rapid growth in commercial demand. Through 2035, suppliers are expected to overcome the manufacturing difficulties, high costs, and technological barriers that have impeded faster commercialization of many graphene-enhanced products.
Composites & energy storage markets lead growth
According to World Graphene, a new report from The Freedonia Group, the graphene market is poised for torrid gains through 2020, fueled initially by applications with higher technol¬ogy readiness levels, including graphene-based polymer composites, lithium-ion battery materials, water filtration systems, and oilfield chemicals. A more significant wave of commercialized graphene products is anticipated between 2020 and 2035, especially as graphene takes hold in applications such as supercapacitors, high-frequency transistors, sensors, and biomedical technologies.
Growth reliant on price reductions
Prospects for graphene as a disruptive technology are largely contingent on price reductions. As manufacturing processes improve and output of high-quality graphene nanoplatelets and graphene oxide is scaled up, prices are expected to fall rapidly, reaching levels more competitive with substitute materials by 2035. Semi-continuous processes (such as roll-to-roll methods) are expected to boost output of high-quality graphene film, enabling lower costs and wider adoption in applications such as flexible dis¬plays and transistors.
US remains top graphene consumer
Freedonia projects that the US will remain the leading global market for graphene through 2035, bolstered by growing adoption of the material in high-performance composites and energy storage devices, as well as by rising R&D spending in advanced electronics fields (such as optoelectronics and spintronics). The Asia/Pacific region will remain the top regional consumer of graphene, driven by the advanced electronics and energy storage industries of Japan, China, and South Korea. Like the US, these countries will remain at the forefront of graphene R&D, funding nanotechnol¬ogy projects to further explore graphene’s potential.
World Graphene analyzes the world graphene industry. It offers historical data (2010 and 2015) plus forecasts (2020, 2025, 2035) for demand by product (e.g., graphene nanoplate-lets, graphene oxide, graphene film, other) and by market (e.g., composites, energy, electronics, academic research, biomedical, other) in 5 regions and 9 major countries. The study also considers market environment factors, details the industry structure, and profiles industry competitors worldwide.
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