Allied Market Research: the graphene material market will reach $149.9 million by 2020

Allied Market Research released a new graphene market report in which they analyze graphene opportunities and forecast the market from 2013 to 2020. According to Allied, the global graphene market will grow to $149.1 million by 2020 - a 44% yearly CAGR from 2014.

The electronics and automotive industries will be among the top consumers of graphene in the near future, and Allied sees 1,800 tons of bulk graphene and 26.8 million square-cm of graphene films to be produced and used by 2020. In the products market, GNP was the largest revenue generating segment in 2013 and is expected to retain its position throughout 2014 - 2020. Other promising segments are graphene oxide and monolayer & bi-layer graphene.

Allied's estimates are pretty much in-line with other analyst estimates we've seen in the past. In May 2014 IDTechEx forecasted that the graphene market (at the material level) will grow from about $20 million in 2014 to over $390 million in 2024. BCC Research are a bit more optimistic, and they see the market reaching 195 million 2018 and $1.3 billion by 2023.

Yole Developpement sees slower growth for the graphene market, with revenue reaching only $141 million in 2024.

Posted: Sep 17,2014 by Ron Mertens