World graphene market expected to reach $151.4 million by 2021 according to new research report
Big Market Research has recently added a report titled, “World #Graphene Market-Opportunities and Forecasts, 2014-2021.” The projected figures in the report indicate that the global sales of graphene would reach $151.4 million by 2021. Graphene Nano Platelets (GNP) segment, specifically, is expected to generate about two-thirds of the overall market revenue by 2021. Among all geographies, the Asia-Pacific region in graphene market is estimated to grow at the highest CAGR of 47.7% during the forecast period. It can be placed in various end applications including the development of Radio-frequency Identification (RFID), composites, sensors, energy storage, functional ink, and polymer additives. However, considering the high costs of manufacturing equipment and technological limitations associated with its mass production are principle factors that hinders the growth of the industry. Heavy investments, aimed at improving production capacity and increased focus on strengthening research and development activities felicitate the evolution of novel and innovative products.