Innova Research recently published a survey that states that the Chinese graphene market revenue for 2015 was estimated at $6.1 million, a 335.7% jump from $1.4 million for 2014.
The survey also specifies that significant progress has been made on the adoption of graphene in a number of industrial applications in 2015, namely touch screens, anti-corrosive coating, and lithium-ion batteries (LIBs). These adoptions are the primary reasons for the soaring Chinese graphene market revenue in 2015.
Chinese graphene suppliers have achieved massive graphene shipment expansion for touch screen sensors and anti-corrosive coatings, mainly to smart phone and offshore wind power players. Meanwhile, the adoption of graphene in the energy storage field was also accelerating. Leading Chinese LIB and supercapacitor makers have started trials to use graphene-enabled batteries in electric vehicles, electric bikes, and other consumer electronics devices.
While the size of the Chinese graphene market is still small, the tremendous revenue growth seen in 2015 is an encouraging signal for not only graphene suppliers, but also the industry players seeking to incorporate graphene in their current products, as well as the investors in graphene related fields.