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<p>At this point in the lifecycle of such an emergent technology, we cannot make reliable
estimates of graphene’s near-term contribution to UK GDP. There is a long lead-in
time for new materials to be embedded in technologies, and the case of graphene is
no exception. Graphene is increasingly gaining traction across the world. One report
has estimated that the global graphene-based products market will grow to $2.1 billion
by 2025, with a compound annual growth rate (CAGR) of 46.3%.[1] Over 140 companies
in the UK have been active in graphene in the UK. The Government is playing an active
role to support the development and exploitation of graphene – including through the
projects funded by Innovate UK and the Engineering and Physical Sciences Research
Council (EPSRC), with universities, and suppliers and end users of graphene, and the
foundation of the National Graphene Institute (NGI) and the Graphene Engineering Innovation
Centre (GEIC).</p><p> </p><p>[1] Graphene: Technologies, Applications and Markets,
BCC Research, 2016</p>
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