|The Chinese Graphene Market Grew Over 14 Folds from 2014 to 2017|
Shanghai, China - June 25, 2018 - The Chinese graphene market revenues were estimated to grow over 14 folds from approximately RMB 8.7 million in 2014 to RMB 127 million in 2017, according to a market research report, entitled " The Chinese Graphene Market - 2018 Edition". recently published by Innova Research, a Shanghai-based market research and consulting firm focusing on emerging technologies.
The Chinese graphene market has been growing rapidly since a number of graphene companies started their commercial shipments in 2015, and followed by next two years of increasing market penetration to downstream applications, such a anti-corrosion coating, energy storage, including high efficiency conductive liquid, heat dissipation, electrode surface modification, among many others. Meanwhile, it should be noted that both global and Chinese graphene are at their infant stages. Despite the growth rate is high, the Chinese graphene market is still small in terms of revenue, estimated at RMB 127 million in 2017.
On the other hand, Innova Research's report also revealed that graphene encountered technical and market bottlenecks in terms of technology maturity and cost at some application fields. For example, the adoption of graphene film in touch screens is slower than expected, undermining the sales of a few graphene film suppliers in 2017.
According to the above mentioned report, it is forecast that the Chinese graphene market revenue will further grow to RMB 190 million in 2018. This is an over 49% growth on 2017. Main market drivers include but not limited to the development of new graphene applications, the increasing investments in the graphene sector by both local governments and private investors, and the decreasing average selling prices (ASPs) of graphene materials. According to Innova Research, the penetration of graphene in functional textiles, LED lighting, graphene reinforced materials will see significant growth potentials in the next few years.
Nancy Wu, research director of Innova Research, commented:" The Chinese graphene market has grown remarkably and exceeded the RMB 100 million milestone in 2017. Looking forward, Innova Research believes that new graphene applications will continue to emerge. The Chinese graphene market is expected to keep growing significantly for the next few years with the development of production technologies, the declining prices, and the development of new applications for graphene."
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