A continual decline in average sales prices will accompany the revenue growth, meaning that volume sales will reach nearly 3.8 k tpa (tonnes per annum) in 2026. Despite this, forecasts in the report Graphene, 2D Materials and Carbon Nanotubes: Markets, Technologies and Opportunities 2016-2026 suggest that the industry will remain in a state of over-capacity until 2021 beyond which time new capacity will need to be installed. IDTechEx Research forecasts that nearly 90% of the market value will go to graphene platelets (vs. sheets) in 2026.
The market will be segmented across many applications, reflecting the diverse properties of graphene. In general, the analyst expects functional inks and coatings to reach the market earlier. This is a trend that it forecast several years ago and is now observed in prototypes and small-volume applications. The research projects that the market for functional inks and coatings will make up 21% of the market by 2018. Ultimately however, energy storage and composites will grow to be the largest sectors, controlling 25% and 40% of the market respectively in 2026.
More on the report Graphene, 2D Materials and Carbon Nanotubes: Markets, Technologies and Opportunities 2016-2026 The analyst is also organising the Graphene and 2D Materials conference taking place 27-28 April 2016 as part of the IDTechEx Show!
Bar chart: Ten-year market projections split by application. Inset pie chart: market share of graphene platelets vs sheets in 2026 by value.
Next page; more on IDTechEx Research’s view of the structure and prospects of the graphene market