Graphene cost is a variable that has a significant and diversified influence on the current dynamics of the nanomaterials market. It has been corroborated that graphene as an element is one of the toughest materials ever tested that displays an unparalleled tensile strength and resistance to shear stress. Because graphene contains delocalized or free electrons allowing the layers to carry electrical charge from place to another graphene is a very efficient electrical conductor. Moreover, it also has very advantageous optical and thermal properties. For all the above-mentioned characteristics, graphene has often been called a “wonder material”. Even though purely academic as well as applied, i.e. industry-oriented graphene-based research has been increased, it still can take decades to utilise the full potential of this material.
The modern society has already understood the great potential of this material and its diverse applications. However, we still have to overcome many challenges. Just to mention a few of them: its production in large quantities; how to maintain a competitive price if various arrangements or formats are being used, and also how to assure that decreasing quality does not compromise its chemical and physical properties.
Current situation in the market
It is a sad truth that in 2016 and the upcoming decade, the graphene would still be in the research/prototype phase. Even if there is a variety of products and patents being merchandised as “graphene-based”, many if not all of them are composed of more traditional materials containing only a limited quantity of graphene. The research and development focused on graphene-based materials have already swallowed hundreds of millions of dollars throughout the years to incorporate this material into more conventional products that are also worth many billions of dollars. To read more about future market trends of the graphene,click here.
Graphene costs – market trends for the graphene
At the end of 2015, the cost of graphene was around $ 100 per gram. This price is mainly influenced by the significant challenges in the mass production of this material. Once the production method would be optimised and brought to a bigger scale, the graphene costs are expected to decrease until it can be compared with other raw materials. It is anticipated that the production would concentrate around the already existing suppliers, mainly China and India.
Research for graphene now;reap the benefits in next decades
The graphene market in 2017 is worth approximately 20 million dollars with a projected growth that also considers the fact that researchers do not fully understand how the material is going to work in the long-term perspective. Because of the extremely high graphene price, it is still used only in tiny amounts in its applications, or it is mixed with other, more traditional materials to obtain new composites that have better properties than the initial components. So far, the most significant current commercial application of the graphene represents its adding to the mixtures used for bicycles or tennis rackets.
To be more specific, researchers have corroborated graphene to be the high-performance material that can be used for batteries and capacitors (click here to read more). It is believed that sufficient understanding of this material may lead towards the discovery of a “wonder battery”. Such battery will be light and dense enough, with optimal properties to be utilised in other applications. However, such innovative developments are always accompanied with various delays influencing the time needed to bring them from laboratories to the hands of the consumers. Such processes usually take decades to understand different properties such as durability over time and how the material shall work under particular circumstances. Thus, the most active approach is to encourage private research and testing to obtain sufficient data to understand the limits of this material and its whole spectrum of applications.