Graphene Toward 2036:

Innovation, Market Growth, and the Future of Advanced Materials

Since the late 2010s and early 2020s, graphene—widely regarded as the material of the future—has moved beyond the guarded walls of research laboratories to become a commercial reality. Although cost remains a limiting factor for large-scale adoption, numerous companies around the world have made strong commitments to this technology.

Recent Developments

Research on graphene is continuously evolving, generating ongoing advancements in production methods, material properties, and applications. Significant progress has been reported in the energy sector and in industries such as electronics, where graphene is expected to revolutionize the design of faster and more efficient devices. In medicine, it shows strong potential for early diagnostic tools, drug delivery systems, and tissue engineering. Additionally, graphene is enabling novel industrial applications that promote sustainability and the development of lighter, stronger materials.

Market Projections Toward 2036

According to studies by Market Research Future and Fortune Business Insights—global market research and consulting firms—the graphene market is expected to grow at a considerable rate in the coming years, reaching a valuation of several billion dollars by 2036. This growth will be driven primarily by demand from the electronics, energy, and composite materials sectors.

British firm IDTechEx, a leader in research on emerging and disruptive technologies, also forecasts accelerated growth in commercial graphene applications, particularly in sustainable technologies such as graphene-based batteries and supercapacitors, which are expected to deliver superior performance compared to current solutions.

Leading Companies in Graphene Development

Major technology companies such as Samsung and Huawei have invested significant resources in graphene research. Samsung, through the Samsung Advanced Institute of Technology (SAIT), has focused primarily on graphene-enhanced lithium batteries, aiming to increase capacity by up to 45% and charging speed by as much as five times. Huawei, meanwhile, has concentrated on graphene’s heat dissipation capabilities, which are critical for maintaining the performance of smartphones and tablets.

The multinational mining company BHP, through BHP Mitsubishi Alliance (BMA), signed an agreement to test a graphene-based coating under the ecosparc® brand by Sparc Technologies at its coal handling and processing facilities at the Goonyella Riverside mine in Queensland. The objective is to gather data on performance under extreme corrosion conditions.

Similarly, the Spanish multinational energy and petrochemical company Repsol has invested in Graphenea—one of the most well-known graphene companies—to advance research in batteries, thermal coatings, and other materials aimed at improving energy efficiency and developing new applications.

Other notable players include Luxembourg-based OCSiAl, which specializes in the synthesis of graphene nanotubes and offers performance-enhancing additives under the TUBALL™, TUBALL™ MATRIX, and TUBALL™ BATT brands. The Australian company First Graphene, known for its PureGRAPH® product line, supplies graphene raw materials and masterbatches for product development.

In Latin America, the most prominent company is Energeia Fusion (Mexico), which operates under the Graphenemex® and Graphenergy® brands. The company supplies graphene and graphene oxide as raw materials for new product development and creates applications for the construction, coatings, and plastics industries. In parallel, it collaborates with universities to promote multiple research lines, achieving notable results in dentistry, batteries, and conductive coatings. Energeia Fusion also offers consulting services for companies interested in integrating graphene technology into their products or services.

Other companies in the Americas include ACS Material and NeoGraf (USA), UCSGraphene and Gerdau Graphene (Brazil), and Graphenestone (Spain). El grafeno representa una de las innovaciones más emocionantes en el ámbito de materiales avanzados, con el potencial de revolucionar múltiples industrias.

Conclusion

Graphene represents one of the most exciting innovations in the field of advanced materials, with the potential to transform multiple industries. Market projections are highly promising, and an increasing number of companies are recognizing the value of this material. As research and development continue to advance, it is increasingly likely that graphene will become an integral part of everyday life soon.

Written by :EF/DHS

References:

1. https://www.marketresearchfuture.com/es/reports/graphene-electronic-market-32949
2. https://grafeno.co/fabricantes-y-proveedores-de-grafeno-a-nivel-mundial/
3. https://www.xataka.com/investigacion/samsung-toma-la-delantera-en-la-fabricacion-comercial-del-grafeno
4. https://www.graphene-info.com/sparc-trial-graphene-based-coating-bhp-mitsubishi-alliance-goonyella-riverside#:~:text=Secondary%20menu,Sparc%20Managing%20Director%2C%20Mr.
5. https://ocsial.com/es/industry/
6. https://www.theglobalgraphenegroup.com/
7. https://www.graphenea.com/?srsltid=AfmBOoroq4CofJ1IOEyYRIfwnqKcVS4nre9DnO3psqFxlSMHxtKqg05W
8. https://www.agenciasinc.es/Noticias/Repsol-y-el-CDTI-invierten-un-millon-de-euros-en-la-firma-espanola-Graphenea

Graphene

the differentiating material for the use of solar energy

Solar energy, being a clean and abundant source, is one of the best renewable energy options. However, despite technological advances, its utilization remains insignificant to date. According to statistics, only 0.015% of solar energy is used for electricity production, 0.3% for heating, and 11% for natural biomass photosynthesis. In contrast, about 85% of global energy needs are met through fossil fuels, which we know are finite and highly polluting resources.

“In 90 minutes, the sun sends enough energy to Earth to satisfy the entire planet’s energy demand for a year”

Solar cells are devices that convert solar energy into electricity through the photovoltaic effect. They are made of semiconductor materials that produce an electric field when exposed to sunlight and are divided into four generations:

First Generation

First-generation solar cells were first manufactured in 1954 by Bell Laboratories. They used crystalline films of monocrystalline and polycrystalline silicon with an average thickness of 200 to 300 µm, initially achieving an energy conversion efficiency of 6%, which later rose to 29% with the use of gallium arsenide (GaAs). In fact, these types of cells remain the most popular thanks to their high absorption coefficient.

Second Generation

It employs first-generation cells in conjunction with a new series of considerably thinner films of only 10 µm thickness based on microcrystalline silicon (µC-Si), amorphous silicon (A-Si), copper indium gallium selenide (CIGS), and cadmium telluride/cadmium sulfide (CDTE/CDS). Two advantages of this generation are its cost and mechanical resistance, while its disadvantage is that to achieve these benefits, conversion efficiency had to be sacrificed to some extent, reducing to 23%. Despite this drawback, these types of solar cells are still available in the market.

Third Generation

The high manufacturing cost of silicon cells, resulting from their complex manufacture from high-quality silicon, paved the way for the third generation, which integrates more flexible, lightweight, and economical materials. This is how dye-sensitized solar cells (DSSC), perovskite solar cells (PSC), organic/polymeric solar cells (OPV), quantum dot-sensitized solar cells (QDSSC), and finally, multi-junction solar cells emerged.

Probably the most interesting but also the most complex and expensive cell in this category is the multi-junction cell. As its name suggests, it consists of multiple junctions from various semiconductor materials that produce an electric current in response to different incident wavelengths, thus improving the conversion of sunlight into electricity; so far, the conversion efficiency recorded with these designs is 36%.

Fourth Generation (Hybrid)

This latest generation fuses the flexibility and low cost of polymers with the stability and durability of nanoparticles and metal oxides, as well as carbon nanostructures like graphene.

Graphene Solar Cells

Graphene is a carbon nanostructure with high conductivity, transmittance, mechanical strength, thermal stability, and chemical inertness. It also has a zero band gap structure that allows electron conduction as if it were a metal, as well as the quantum Hall effect that allows its free charges to move easily in two dimensions at high speed.

Thanks to these characteristics, it was discovered that graphene can be used for the manufacture of transparent conductive electrodes, energy harvesting devices, photodetectors, and other optical devices. However, although graphene is an excellent conductor, it does not have the same capacity to collect the electric current produced within a solar cell, unlike its oxidized variant, graphene oxide (GO), which is a less conductive material but more transparent and a better charge collector.

“Graphene has been classified as a semimetallic semiconductor that presents linear electronic dispersion with high mobility and high speeds.”

Another important factor of graphene is its thickness, which in turn depends on its number of layers. For this reason, graphene is classified as monolayer, bilayer, trilayer, few-layer (<5 layers), and multilayer (<10 layers), remembering that more than 10 layers of graphene is already considered graphite. As bilayer and trilayer graphene maintain a better balance between their transmittance and resistance properties, they are the most suitable for use in solar cells, on which ideally a maximum thickness of 20 nm should be maintained.

Applications of Graphene on Solar Cell Components

Transparent Conductive Electrodes (TCE)

The first components in which graphene has shown beneficial impacts are transparent conductive electrodes (TCE). Previously, due to its high conductivity and transmittance in the visible spectrum, indium tin oxide (ITO) was used for TCEs. However, the films tend to be fragile and unstable at high temperatures. Additionally, it’s worth mentioning that indium is an extremely scarce, toxic, and expensive metal. In fact, as the demand for solar cells increased, the price of indium rose to such an extent that the cost of TCEs represented 50% of manufacturing costs. For these reasons, ITO was replaced by fluorine-doped tin oxide (FTO), which is more economical and withstands aggressive chemical treatments at high temperatures.

In addition to FTO, graphene appears as an alternative to overcome the limitations of ITO in solar cell TCEs, as long as the ratio between resistance and transmittance is increased. For this, chemical doping and co-doping of graphene with polymers such as PEN, PEDOT:PSS, gold nanoparticles, silver nanowires, cubic platinum nanoparticles, nitric acid (HNO₃), thionyl chloride (SOCl₂), triethylenetetramine (TETA), graphene oxide (GO), and bis(trifluoromethanesulfonyl)imide (TFSA) have been studied with good results.

Doping: chemical modification to decrease graphene resistance and expand work function.


HNO₃-AuNp: nitric acid-gold nanoparticles.


PEN: poly(ethylene naphthalate): polyester polymer with barrier properties.


PEDOT:PSS: Poly(3,4-ethylenedioxythiophene)-poly(styrene sulfonate) / transparent and conductive polymer.

Photoactive Layers

The photoactive layers of solar cells include active interfacial layers, electron/hole charge separation layers, electron/hole transport layers (ETL/HTL), electron/hole blocking layers, and buffer layers.

According to reports, lithium-neutralized graphene oxide (GO-Li) in interfacial layers improves not only efficiency but also device stability in weathering (heat, air, and humidity) or as an anti-reflective protective film, thanks to its chemical inertness and transparency. Other functionalizations of graphene for photoactive layers include thiolate-reduced graphene oxide (TrGO) and graphene with cadmium sulfide (CdS).

Areas of Opportunity for Graphene on Different Types of Solar Cells

Silicon Solar Cells

Research indicates that the conversion efficiency of graphene solar cells can be improved by incorporating a dielectric passivation layer between the graphene and the silicon substrate to suppress electron diffusion from the latter to the graphene layer. Among the insulating materials that could be used effectively are silicon dioxide (SiO₂), molybdenum disulfide (MoS₂), aluminum oxide (Al₂O₃), graphene oxide (GO), hexagonal boron nitride (h-BN), poly(3-hexylthiophene-2,5-diyl) (P3HT), quantum dots, molybdenum trioxide (MoO₃), and spiroOMeTAD, to name a few.

Organic/Polymeric Solar Cells

In this type of cell, graphene can have three general functions:

                  1.              As an additive in donor or donor-acceptor materials,

                  2.              As a transparent conductive electrode (anode and cathode),

                  3.              As a separate photoactive layer.

Bilayer and trilayer graphene, thanks to their high conductivity, can correct the charge transport problems of the electron donor-acceptor system (P3HT:PCBM) associated with the imbalance of electron and hole mobility to avoid charge trapping and improve efficient collection.

P3HT:PCBM electron donor-acceptor system of polymeric solar cells.


P3HT: conductive polymer


PCBM: fullerene derivative.

Dye-Sensitized Solar Cells

This technology tries to emulate the process of plant cells to produce energy from organic pigments. In them, graphene was initially used to replace FTO in photoanodes, but over time additional advantages were identified in the following components:

1. Photoanodes: as a transparent conductor for both titanium dioxide (TiO₂) and pigment sensitization; in photoanodes, graphene can improve the charge transport rate, prevent recombination, and increase light capture.

2. Counter electrodes: as a substitute for platinum,

3. As a photoanode additive: to improve electron transfer,

4. Polymer electrodes, in which a polymer (PEDOT-PSS) allows conductivity, while graphene facilitates catalysis.

Photoanode: It is the vehicle for electrons from the photoexcited pigment to the external circuit. It consists of a layer of titanium dioxide (TiO₂) on a conductive glass or plastic substrate.

Counter electrodes: participate in the injection of electrons from the photooxidized pigment into the electrolytes to catalyze reduction reactions.

Perovskite Solar Cells

Perovskite is a mineral composed of calcium and titanium oxide that has been used for the manufacture of solar cells since 2009. Initially, its efficiency was 3.9% but quickly rose to 32%. Despite its good performance, ease of manufacture, and versatility, perovskite solar cells have two major disadvantages. The first is easy degradation in weathering, and the second is toxicity related to the presence of lead, which naturally raises concerns for human and environmental health. It is then that efforts to counteract these drawbacks have focused, on the one hand, on chemically modifying the mineral and, on the other, on encapsulating it to protect it from external conditions.

As with other types of cells, it has also been identified that the presence of graphene or its reduced variant within the photoactive layers (HTL/ETL) of perovskite cells can further improve their efficiency by 14 to 28%. This is because graphene, being an ambipolar material, that is, it can move charges in different directions, can help balance the work function – conductivity, speed up electron extraction, and improve stability in weathering.

Clearly, and as mentioned previously, the functionalization or doping of graphene plays an important role in improving the performance of solar cell components. In the case of perovskite cells, functionalization with metal nanoparticles, metal oxides, and/or perovskite nanoparticles is useful, not only to improve the stability of graphene but to increase the surface area and electrical conductivity throughout the system.

While it is a fact that graphene solar cells are not yet commercially available, some advances have already been reported in this direction. The first of these is the G12 Evolution series from Znshine Solar, composed of three graphene modules which, in 2018, won a contest to provide 37.5 MW of modules to Bharat Heavy Electricals Limited (BHEL), India’s largest power generation equipment manufacturer. According to the contract, 10% of the shipment was graphene-coated solar panels. Subsequently, in 2019, the company signed a contract with Etihad Energy Services of the United Arab Emirates for the supply of 100MW.

Finally, at the end of 2024, the Australian companies Halocell Energy and First Graphene announced an alliance for a two-year project for the manufacture of perovskite solar cells with graphene. The objective was to accelerate the manufacturing process, improve light capture performance, and thus expand production and meet commercial demand. According to published information, graphene perovskite modules are up to five times more efficient and cost-effective than common silicon cells.

Bibliography

1. Photovoltaic Cell Generations and Current Research Directions for Their Development Materials 2022, 15, 5542;
2. Recent Advancements in Applications of Graphene to Attain Next-Level Solar Cells. C 2023, 9, 70;
3. Rational and key strategies toward enhancing the performance of graphene/silicon solar cells. Mater. Adv., 2023, 4, 1876;
4. Recent Applications of Graphene in Dye-sensitized Solar Cells. Current Opinion in Colloid & Interface Science 20 (2015) 406;
5. Recent advances of graphene-based materials in planar perovskite solar cells. Next Nanotechnology 5 (2024) 100061;
6. https://www.halocell.energy/news-posts/first-graphene-to-supply-halocells-indoor-perovskite-solar-cell-production-line;
7. https://www.graphene-info.com/graphene-solar-panels

Graphene

The Most Versatile Carbon Allotrope with Extraordinary Properties 

Carbon is one of Earth’s most abundant elements and vital for living organisms. Known as the “king” of the periodic table, its chemical properties are exceptional due to an electronic structure capable of forming single, double, and triple bonds, allowing it to create up to ten million compounds. 

Carbon allotropes are carbon-based materials with different molecular configurations and, consequently, unique properties. For instance, in graphite, a soft, thermally resistant, and electrically conductive material, carbon atoms form three covalent bonds in a hexagonal pattern, arranged in stacked layers loosely bonded together. 

Graphite’s common uses include pencils, batteries, and lubricants. Meanwhile, in diamond, an insulating material highly valued in jewelry, carbon atoms are bonded covalently in a tetrahedral structure, giving it extreme hardness used mainly for cutting tools. 

Other lesser-known carbon allotropes are nanometric in size (smaller than 0.1 microns). These include fullerenes, which resemble a soccer ball and can act as semiconductors or superconductors; single- or multi-walled nanotubes, tubular carbon layers known for their strength, elasticity, and conductivity. 

Finally, Graphene is a molecule composed of carbon layers similar to graphite, but in isolated blocks of one to ten layers, offering superior properties in mechanical strength, thermal and electrical conductivity, among others. 

“Other materials should not be classified as carbon allotropes, e.g., activated carbon and carbon black, defined as carbonaceous materials obtained from carbon-containing raw materials.” 

Activated Carbon, or charcoal, resembles graphite but has a rough and porous structure with a significant adsorptive capacity, mainly used to remove pollutants in air or water. Unlike graphite or graphene, which have carbon atoms organized in a hexagonal pattern, activated carbon consists of heptagonal and pentagonal rings with disorganized impurities, often produced by carbonizing biomass like wood, coconut shells, bones, or petroleum coke in the absence of air, followed by partial gasification with steam or carbon dioxide to alter its porosity. 

“In activated carbon, ‘activation’ refers to the use of physical or chemical means to increase its porosity and surface area.” 

Carbon Black, or soot, is an amorphous carbon colloid made of aggregated nanometric spheres with about 1% organic species. It is obtained from the incomplete combustion of hydrocarbons like petroleum under controlled conditions. Although it shares a carbonaceous nature with activated carbon, its properties depend on particle distance rather than porosity. While activated carbon is valued for its adsorptive properties, carbon black is used as a rubber reinforcement, in conductive pigments, or as a UV stabilizer. 

What Makes Graphene a Superior Material? Among carbon allotropes and carbonaceous materials, graphene is the most revolutionary nanomaterial and is considered the fundamental unit of all graphite forms, as it can be curved into fullerenes, rolled into nanotubes, or stacked into graphite. Graphene’s superior properties stem from the strong, organized bonds between its atoms, creating a honeycomb structure that explains its mechanical strength, while a free electron from each carbon atom allows its excellent conductivity. 

Graphene’s extraordinary multifunctionality extends beyond its mechanical and conductive properties; it is also extremely lightweight, transparent, impermeable, biocompatible, antimicrobial, anticorrosive, radiation-resistant, and can chemically interact with other substances to share its properties. This adaptability promotes its use in various industries, from construction to enhance concrete properties; recycling and plastics to extend material lifespan; anticorrosive and antimicrobial coatings to increase protective efficiency, to electronics, energy, and biomedical fields, offering benefits tailored to each sector’s needs.

 How Is Graphene Produced? There are two main techniques to obtain graphene. The first, known as “bottom-up,” involves Chemical Vapor Deposition (CVD), which extracts carbon atoms from gases like methane. Although well-known, this method is rarely used for industrial production due to low scale and high costs. The second and more common method is “top-down,” involving mechanical, electrochemical, or chemical exfoliation of bulk graphite to isolate carbon or graphene layers. Fewer than 10 layers is considered graphene, while more layers are classified as graphite. Graphene, unlike 3D graphite, has a two-dimensional structure (2D), where thickness is on a nanometric scale. One defining feature is that graphene is just one atom thick. 

Energeia-Graphenemex®, a pioneering Mexican company in Latin America focused on graphene material research and production, excels in creating patented methods and processes for scalable graphene production. This ensures availability for developing applications, whether in-house or as a strategic partner with companies interested in innovating and enhancing products with this extraordinary technology. 

Written by EF/DHS