A new market report by Allied Market Research projects that the global sales of graphene would reach $151.4 million by 2021, and that the graphene nanoplatelets (GNPs) segment will account for about two-thirds of the overall market revenue by that year. The energy storage application segment is expected to grow at the highest CAGR of 93.2% during the analysis period.
AMR foresees that heavy investment to improve production capacity and focus on strengthening R&D activities would lead to the development of novel and innovative products. Monolayer and bilayer graphene would emerge as lucrative segments, registering a CAGR of 41.5% during 2014 and 2021. The growth of this segment is attributed to its potential applications in electronics, energy storage, 3D printing, and other industries.
in 2015, North America accounted for about a two third share of the world graphene market, owing to the increase in demand for graphene in research institutes, universities, and R&D units of companies such as IBM, Intel, Nokia, Samsung, and others. However, Asia-Pacific is expected to emerge as the fastest growing region due to the huge opportunities in electronics and energy storage industry, especially in China, Japan, Taiwan, South Korea, and India.