Global Graphene-Based Products Market To Be Worth $67 Million In 2015 And $675 Million In 2020
According to a new technical market research report, the global market value for graphene-based products will be worth an estimated $67 million in 2015 and is expected to increase to $675.1 million in 2020, for a five-year compound annual growth rate (CAGR) of 58.7%.
The largest segment of the market, made up of capacitors, is expected to increase at a five-year CAGR of 67.2%, from $26 million in 2015 to $340 million in 2020.
The second-largest segment, made up of structured materials, is expected to reach $91 million in 2020. The market in 2015 is expected to be $17.5 million. Thus, the five-year CAGR is projected to be 39.1%.
The segment made up of displays is expected to be valued at $43.8 million in 2020. Its value in 2015 is expected to be negligible.
The segment made up of photovoltaics is projected to be $7.5 million in 2015 and to increase to $35 million in 2020 at a CAGR of 36.1%.
The thermal management segment is expected to be valued at $15 million in 2015 and to rise at a CAGR of 8.4% to reach $22.5 million in 2020.
The segment made up of other products is expected to be $1 million in 2015 and to increase at a CAGR of 169.7% to reach $142.8 million in 2020.
Despite the heightened interest surrounding graphene since the 2010 Nobel Prize for Physics was awarded to Geim and Novoselov for their research on graphene, the commercial market for graphene-based products was essentially zero in 2009-2010. Analysts expect the first commercially significant sales of graphene products to develop before 2015. Graphene is a one-atom-thick sheet of carbon whose 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 of graphene include ultra-small transistors, super-dense data storage, touch screens, and wearable electronics. In the energy field, potential applications include ultracapacitors to store and transit electrical power and highly efficient solar cells.
Some researchers argue that graphene’s greatest potential lies in 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 touch screens, photodetectors, and ultrafast lasers.
The goal of this report is to survey emerging graphene technologies and applications, identify those that are most likely to achieve significant commercial sales in the next five years to 10 years, and develop quantitative estimates of potential sales.
This report is intended especially for marketing executives, entrepreneurs, investors, venture capitalists, and other readers with a need to know where the emerging graphene market is headed.
The report has not been written specifically for scientists and technologists. However, the report’s findings concerning the market for their work, including the availability of government and corporate research funding for different technologies and applications, should interest them as well.
Highlights of the Report
•Analysts expect the first commercially significant sales of graphene products to develop before 2015 when the market is projected to be as large as $67 million. The graphene market should start to take off after 2015, reaching nearly $675 million by 2020, reflecting a 58.7% compound annual growth rate (CAGR) between 2015 and 2020.
•Graphene structural materials accounted for virtually all of the commercial market for graphene technologies in 2009-2010. By 2015, structural materials will account for 26.1% of the market and have a value of $17.5 million. This sector is expected to increase at a 39% compound annual growth rate (CAGR) to reach $91 million by 2020.
•Capacitors should account for more than half of the market for graphene technologies by 2020. This sector is estimated to be worth $26 million in 2015 and to increase at a 67% compound annual growth rate (CAGR) to reach $340 million in 2020.Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications' web site. View the report: Graphene: Technologies, Applications, and Markets