Global Graphene Market Will Reach $278.47 Million in 2020

Graphene is a kind of two-dimensional material widely used in the world, and a thin layer on the surface tightly covered by the hexagonal honeycomb lattice made of carbon atoms. Graphene is made of graphite through a variety of production processes, such as stripping, epitaxial growth, phase chemical vapor deposition (CVD), etc. Different performance requirements have different handling process. Because of its special properties and applications, graphene materials are known as magic materials.

It is predicted that in 2020, the global market of graphene will reach $278.47 million, and during 2015-2020, the annual growth rate is 42.8%. Graphene can be used in many aspects, such as fireproofing, elastic and non-toxic, withstand voltage and stretch resistant, etc. They all promote the development of the market of graphene. Graphene in touch screens, lithium batteries, antirust paint, electronic print, conductive ink and other applications, also promotes the consumption of global graphene material market.

The development of global manufacturing, and the continued cooperation between research institute, universities and enterprises, become the key factors of increasing the number of graphene base material patents. In 2014, North America is the biggest graphene market, in which the United States dominated the graphene market in 2014. The development of manufacturing industry, the frequent cooperation between research institute, universities and enterprises, the growth of the demand of graphene composites and coating, are important driving forces of graphene is North America market development.

For China, India, Canada, Japan, Germany, Spain, Britain, France and other countries, graphene is in the development stage, and at the same time, there are more and more countries that are moving into this area. They begin to pay attention to the cooperation between each other, expand the scope of operations, develop new products in emerging markets, improve the investment portfolio in order to provide low cost and high quality graphene materials, and make it widely applied in many fields, such as catalysis, coatings, composite materials, electronics, energy, sensors, etc.