According to a new technical market research report, Graphene: Technologies, Applications and Markets from BCC Research, the global market for graphene products is expected to be worth nearly $195 million in 2018. BCC Research projects that this market will grow to $1.3 billion by 2023, and register a five-year compound annual growth rate (CAGR) of 47.1%.
In October 2010, two University of Manchester scientists, Andre Geim and Konstantin Novoselov, were awarded the 2010 Nobel Prize in Physics for their research on graphene. While just a sheet of carbon one atom thick, graphene's strength, flexibility, and electrical conductivity have opened up new horizons for high-energy particle physics research and electronic, optical, and energy applications. Potential electronics applications for graphene include ultrasmall transistors, superdense data storage, touchscreens, and wearable electronics. In the energy field, potential applications include ultracapacitors and highly efficient solar cells.
Some researchers argue that the greatest potential for graphene is its ability to conduct light as well as electricity. They believe that graphene can improve the efficiency of light-emitting diodes (LEDs) and aid in the production of next-generation devices like flexible touchscreens, photodetectors, and ultrafast lasers.
Despite the heightened interest surrounding graphene the commercial market for graphene-based products has been essentially nonexistent in 2012 and 2013. However, BCC Research expects the first commercially significant sales of graphene products to develop between 2013 and 2018.
This technical market research report from BCC Research provides a comprehensive overview of the global markets for graphene products, including a survey of emerging graphene technologies and applications. It analyzes global market trends, with data from 2012, estimates for 2013 and 2018, and projections of compound annual growth rates (CAGRs) through 2023. In addition, this study discusses graphene technologies that are likely to achieve significant commercial sales in the next five years to ten years, forecasts quantitative estimates of potential sales, and provides in-depth profiles of current market players seeking to develop graphene technologies.