The graphene market is very new and in the embryonic stage with only a few products being commercialised yet. However, we forecast an increasing number of graphene companies will drive investment over the coming years resulting in wider adoption of graphene across a range of industries.
The graphene market has been dominated by North America, accounting for a large share in the global market, followed by Europe. However, we expect Asia-Pacific to be the fastest growing region for adoption of graphene. Europe and North America regions are also expected to have strong, above the global trend, growth.
For 2015 we forecast the global graphene market to reach $24.40m. However, high costs, the fear of the unknown, immaturity of the market, poor knowledge and difficulty with mass production will be the main growth restraints that may result in a number of current companies going bankrupt in the coming years.
In the long term we foresee a strong growth of graphene demand due to its superior properties. The growth will be particularly observed in composites, automotive and electronics sectors as a result of the higher demand for fuel efficient vehicles and stricter government regulations. Graphene is an ideal material across those industries due to its superior properties. Graphene is the strongest material ever found, while also being one of the thinnest in the world. It is 200 times stronger than steel and several times tougher than diamond. We believe that its high electronic conductivity, lightweight and high strength to weight ratio will be the main growth drivers in the industry that will lead to major investments into research and development of graphene.
Additionally, the environmental regulations to lower CO2 emissions in the EU and the US will continue driving the adoption for graphene in the coming years.
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What does the future hold for the graphene market? Will this market have a prosperous future? What would potentially restrain the growth of the graphene market? Will the prices for graphene decline in future? What industries will adopt graphene faster than others? Who are the leading R&D companies in the graphene market?
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