【New Energy Development】Graphene industrialization accelerates, with more competitors from various countries emerging

Thread Content

According to relevant reports, graphene has gradually expanded into many other application areas due to its flexibility, transparency, and electrical conductivity. The high demand for graphene is attributed to its excellent electrical conductivity, tensile strength, transparency, and thermal stability. Graphene is being used as a preferred alternative to existing materials such as silicon among major manufacturers and suppliers around the world. In recent years, driven by continuous technological advancements and rapidly falling costs, along with supportive policies, the industrialization of graphene has been accelerating. According to a report on the British Times website dated October 24, 2015, out of the more than 25,000 patent applications related to graphene applications as of the beginning of 2015, nearly one-third came from China. 2016 was the starting year of the 13th Five-Year Plan, and it was almost inevitable that graphene would be included in the \"Key Products List for the New Materials Industry during the 13th Five-Year Plan Period.\" According to a report prepared by the former Industrial Research Institute titled \"In-depth Market Research and Investment Strategy Planning Analysis on China’s Graphene Industry,\" the global graphene market is expected to reach nearly $300 million by 2020. The annual growth rate is projected to remain at 42.8% from 2015 to 2020, with the Asia-Pacific region being the fastest-growing market. Oxidized graphene will be the largest component of the graphene market. The energy industry is the largest application market for graphene. North America is the largest market for graphene in terms of sales, due to the collaboration between numerous graphene manufacturers and universities as well as research institutions. The growing demand for graphene-based composite coating materials is the key driving force behind the development of the graphene market in North America. The growth of the manufacturing industry is the main factor driving the growth of the graphene market in the United States. The United States’ dominance in the North American graphene market is expected to continue until 2020, allowing the country to achieve steady growth rates. Due to ongoing research and development efforts, there is a focus on enhancing graphene-based composite materials to meet the demands of fuel cells, supercapacitors, and anode materials. In terms of sales volume, composite materials represent the largest application area in the graphene market. When used in composite materials, graphene enhances conductivity and strength while maintaining the flexibility of the material. Composites containing graphene can be used in various industries with different end uses, such as aerospace, automotive, medical implants, sports equipment, and engineering materials, among others. The key players in the graphene market include CVD equipment companies (in the United States), as well as the competitive strategies of grapheneNanoChem Plc. (Malaysia), Graphenea SA (Spain), Grafoid Company (Canada), Haydale Graphene Industries. (UK), NanoXplore Group (Canada), Thomas Swan Ltd (UK), Formbeck Materials (USA), 2D Carbon Technologies Co., Ltd. (China), and XG Sciences (USA), among others.