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Graphene has moved swiftly from the research laboratory to the marketplace, driven by demand from markets where advanced materials are required. These include the aerospace, automotive, electronics, energy storage, solar, oil service, and lubricant sectors. The distinctive electronic, thermal and mechanical properties of graphene make it a potentially disruptive technology across a raft of industries. As of 2011 there were over 10,000 research papers published on graphene. The European Union is funding a 10 year 1,000 million euro coordination action on graphene. South Korea is set to spend $350 million on commercialization initiatives and the United Kingdom has announced investment of £50million in a new commercialization hub.
Applications will be coming onto the market soon for highly conductive and super strong composites, transparent conductive coatings in touch-screen displays, photodiodes and high frequency transistors. Graphene-based conducting inks are also finding their way into smart cards and radio-frequency identification tags. In the past 18 months market demand has increased by over 4,000% for these materials.
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