Global market value of graphene-based products 2015-2025

The worldwide market for graphene-based products was valued at 1.5 million U.S. dollars in 2015, but this is expected to increase to 310 million U.S. dollars in 2020 and further rise to around two billion U.S. dollars by 2025.

Explanation – Why is the market value increasing?

The market for graphene-based products is predicted to increase significantly in the coming years, helped by strong growth forecasts in the global market for graphene electronics. Graphene’s characteristics could pave the way for a new generation of electronic products with higher resolution displays, increased power, and faster charge times. In the United States, forecasts state that the graphene-based electronics market could increase in value to more than 20 million U.S. dollars by 2024.

Context – The commercialization of graphene

Graphene is a one-atom-thick allotrope of carbon that is incredibly flexible, strong, and lightweight. It is these properties that make the material ideal for so many applications across various industries. The potential uses for graphene appear almost limitless, but all new discoveries face challenges in the marketplace. It could be many years before the material is developed practically, and it still needs to be determined how graphene-based products could be manufactured on a commercial scale.