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China Is Now World Leader in Graphene and Carbon Nanotube Research

The Asian Giant's Rise, Driven by World-Leading Academic Research and State Funding, Now Threatens to Exacerbate a Global Glut, Lux Research Says

BOSTON, MA -- (Marketwired) -- 04/23/14 -- Driven by favorable government policies, funding and world-leading academic research, China has become the global leader in graphene and carbon nanotube (CNT) publication and patenting activity. Commercially, it has attained parity with international counterparts in CNT production, though its graphene suppliers lag global competition, according to Lux Research.

China's domestic graphene and CNT market will also reach $22.4 million and $48.4 million, respectively, driven by the growth of the Li-ion battery market and newer applications like coatings and thermal dissipation. However, the increase in production by Chinese firms will exacerbate global oversupply, with a profound effect on global prices and margins.

"The country's 11th Five-Year Plan (FYP) from 2006 to 2010 tripled nanotech funding to RMB 5 billion, setting the stage for ferocious activity in recent years," said Zhun Ma, Lux Research Analyst and the lead author of the report titled, "Fishing for Carbon Gems in a Vast Sea of Oversupply: Assessing China's Carbon Nanotube and Graphene Landscape."

"Today, Chinese graphene and CNT players have varying prospective value as partnership candidates, based on cost and/or performance," he added.

Lux Research analyzed Chinese players in graphene and CNT markets. Among their findings:

  • CNano, Timesnano are dominant CNT players. With cost advantage, well-established customer networks and continuous funding support, China's two leading CNT suppliers -- CNano and Timesnano -- will help increase its share of global capacity from 30% to 50%.

  • China's graphene suppliers still lag in technology. Last November, China overtook North America in global capacity for graphene nanoplatelets, with The Sixth Element and Ningbo Morsh the leading suppliers. However, most Chinese graphene suppliers have lower technology value scores in Lux's analysis.

  • China leads in GNP patents. Chinese research organizations own the lion's share of graphene and CNT patents. Riding on world-leading academic research, China's publications and patents on graphene have surpassed those of the U.S. It leads global CNT publications and takes second place in CNT patent activity.

The report, titled "Fishing for Carbon Gems in a Vast Sea of Oversupply: Assessing China's Carbon Nanotube and Graphene Landscape," is part of the Lux Research China Innovation Intelligence service.

About Lux Research

Lux Research provides strategic advice and ongoing intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients. Visit for more information.

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