Graphene’s unique properties make it one of the world’s most exciting materials, and it is hard to think of an industry that would not be impacted. According to MarketsandMarkets, a market research company, the global graphene market is expected to reach $ 278.47 million by 2020, with a growth rate of 42.8 percent from 2015 to 2020.
North America is the largest growing market for graphene, holding about 40 percent in the global market. In 2015, the graphene market in China exceeded RMB 500 million, accounting for about 25 percent of the global market. Consultants predict that this could grow at a compound annual rate of over 90 percent in the 2016-2020 period.
Rapid rise in number of graphene patent applications reflects the global fascination with this material. As of September 2016, there were more than 50,000 patents worldwide on graphene and its applications. It is a global race, indeed. China contributed nearly half of them, more than any other country. United States took second place, followed by South Korea and Japan. The growth seen in North America is mainly due to the extensive patent activities adopted by major established players along with various cross-industry collaborations for the development of graphene and its potential applications.
