U.S. graphene market value forecast by end-user 2019-2024

The market value of graphene is forecast to increase across various industries within the United States over the forthcoming years, with the market for graphene-based electronics expecting particularly strong growth – its value is predicted to exceed 20 million U.S. dollars by 2024.

Explanation – Will graphene revolutionize future electronics?

Graphene’s special set of properties – thin, light, strong, and an excellent conductor of heat and electricity – make it the ideal material to have a significant impact on a number of industries. The use of graphene in electronics looks set to have the most potential, with the worldwide market size for graphene electronics expected to reach around 800 million U.S. dollars in 2024. For example, graphene could unlock a new wave of super-fast, ultra-light smartphones or wearable devices.

Context – Graphite: the lead in your pencil

The potential of graphene might not have been recognized had it not been for groundbreaking work with one of the best-known forms of carbon: graphite. Graphite is essentially made up of one-atom-thick layers of graphene stacked on top of each other to form a three-dimensional structure. The bond that links the layers is relatively weak, allowing the layers to slide across each other; therefore, graphite is very soft and is the ideal material for pencils.