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A D V A N C E D M A T E R I A L S & P R O C E S S E S | J U N E 2 0 1 6
6 MARKET SPOTLIGHT
FEEDBACK
GLOBAL GRAPHENE MARKET TO
REACH $2 BILLION BY 2035
By 2035, the world graphene market
is forecast to reach over $2 billion, sup-
ported by a significant wave of commer-
cialized products in applications such as
supercapacitors, high-frequency transis-
tors, sensors, and biomedical technol-
ogies. In the short term, the global mar-
ket is expected to grow more than 600%
through 2020 to $136 million, supported
by improved manufacturing technol-
ogies and falling prices, as well as on-
going development of novel graphene-
enhanced products. These and other
trends are presented in World Graphene,
a new study from The Freedonia Group,
Cleveland.
Graphene-based composites fea-
ture the most promising near-term com-
mercialization prospects of any market.
Thermal stability and impermeability
drive graphene use in food packaging,
piping, and protective apparel applica-
tions, while high mechanical strength
and light weight make the material desir-
able for composites used in motor vehi-
cles, aircraft, and military equipment. In
the energy storage sector, Li-Ion battery
HONORING SINGLE CRYSTAL
TURBINE BLADES
I am on the History & Heritage
Committee of ASME, and I enjoyed
the March “Metallurgy Lane” article
about Frank VerSnyder and his team
at Pratt &Whitney. I recently sent
this article to committee members to
support my nomination to have the
Pratt &Whitney Aircraft single crystal
turbine blade work become an ASME
Landmark. It is nice to have another
technical society (ASM) say that the
work was a breakthrough—thanks!
It is also interesting to see the
different attitudes of the OEMs toward
these single crystal blades. In the
early days at Pratt, the final research
and development work was aimed at
developing the technology to get it
out to vendors. Pratt did not want to
go into the casting business. In more
recent times, competitor Rolls-Royce
now has its own SX casting efforts and
considers this a key part of its manu-
facturing.
Lee Langston
ERRATA
An error appeared in the article “An
Overview of Popular Materials Testing
Systems,” April issue. Table 1 listed
values of 50 to 60 Hz for electrome-
chanical systems and a value of 50
Hz for servohydraulic systems. The
values should have read up to 1 Hz for
electromechanical systems and up to
100 Hz for servohydraulic systems.
We welcome all comments
and suggestions. Send letters to
.
producers use graphene materials to
improve energy density. Graphene is
also expected to find growing adoption
in supercapacitors, as these are increas-
ingly used in electrical grids and renew-
able energy systems.
The U.S. is forecast to remain the
leading market for graphene through
2035, bolstered by growing use in high-
performance composites and energy
storage devices, as well as rising research
and development spending in advanced
electronics fields such as optoelectron-
ics. The Asia/Pacific region will rank as
the top graphene consumer, driven by the
advanced electronics and energy storage
industries of Japan, China, and South Ko-
rea, according to analysts. Like the U.S.,
these countries will remain at the forefront
of graphene R&D, funding nanotechnology
projects to further explore the material’s
potential. Western Europe will also remain
an important regional market, as Germany,
the UK, France, and Spain help lead devel-
opment and commercialization initiatives,
particularly inadvancedenergy sectors. For
more information, visit .
World Graphene Demand by Market, 2020 and 2035
Courtesy of The Freedonia Group
2020 – $136 Million 2035 – $2 Billion
Other 11%
Academic
research 7%
Biomedical 2.6%
Electronics 17.6%
Energy 28.7%
Composites 33.1% Other 10.6%
Academic
research 2.7%
Biomedical 6.7%
Electronics 35.5%
Energy 24.9%
Composites 19.7%