A continual decline in average sales prices will accompany the revenue growth, meaning that volume sales will reach nearly 3,8000 tonnes per annum in 2026. Though in its market report " Graphene, 2D Materials and Carbon Nanotubes: Markets, Technologies and Opportunities 2016-2026 ", IDTechEx Research suggests that the industry will remain in a state of over-capacity until 2021 beyond which time new capacity will need to be installed. Nearly 90% of the market value will go to graphene platelets (vs. sheets) in 2026, expects the analysts.
The market will be segmented across many applications, reflecting the diverse properties of graphene. I
"In general, we expect functional inks and coatings to reach the market earlier. This is a trend that we forecasted several years ago and is now observed in prototypes and small-volume applications", writes D r Khasha Ghaffarzadeh, Head of Consulting at IDTechEx. In deed, IDTechEx 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.
Last year IDTechEx Research forecasted that the graphene industry would largely remain in the red and that company valuations would mostly deflate. This is now confirmed by the latest filings and company statements showing that most companies are still operating at substantial losses. The valuations have also tended to decline. This in turn has put some firms off floating on public markets to raise money.
However, the industry is experiencing revenue growth across the board. The report suggests that the industry expects to generate $30m in 2016 (made up for at least 50% by research grants). This demonstrates the vital role that funding bodies are playing in sustaining an early stage industry, notes the analyst.
The objective is to help graphene companies survive