核心(xin)觀點(dian)：

　　石(shi)(shi)(shi)墨烯(xi)材(cai)料(liao)研(yan)發技術逐步成熟，產(chan)業(ye)(ye)化(hua)(hua)進(jin)程加快(kuai)石(shi)(shi)(shi)墨烯(xi)在(zai)力(li)學(xue)、熱學(xue)、電(dian)(dian)學(xue)等(deng)(deng)方(fang)面均(jun)(jun)表(biao)現突(tu)出(chu)(chu)，未來發展(zhan)(zhan)的主要方(fang)向主要集中在(zai)電(dian)(dian)子行業(ye)(ye)及(ji)化(hua)(hua)工行業(ye)(ye)，當(dang)前全球石(shi)(shi)(shi)墨烯(xi)材(cai)料(liao)已經初步踏(ta)入產(chan)業(ye)(ye)化(hua)(hua)。石(shi)(shi)(shi)墨烯(xi)發展(zhan)(zhan)引起全球關注(zhu)，歐美各國近(jin)年均(jun)(jun)對石(shi)(shi)(shi)墨烯(xi)的研(yan)究投(tou)入巨(ju)額資(zi)金，根據我國戰略規(gui)劃(hua)，預計2020年以前實現石(shi)(shi)(shi)墨烯(xi)制備規(gui)模化(hua)(hua)，儲能電(dian)(dian)化(hua)(hua)學(xue)器件等(deng)(deng)產(chan)品產(chan)業(ye)(ye)化(hua)(hua)等(deng)(deng)發展(zhan)(zhan)目(mu)標。此外，新(xin)材(cai)料(liao)“十三五”規(gui)劃(hua)出(chu)(chu)臺在(zai)即，將撬動萬(wan)億新(xin)材(cai)料(liao)市場帶(dai)動石(shi)(shi)(shi)墨烯(xi)下游發展(zhan)(zhan)。

　　鋰(li)(li)電(dian)(dian)池(chi)領域初步使用石(shi)(shi)墨烯(xi)，放量(liang)增長(chang)可預期石(shi)(shi)墨烯(xi)電(dian)(dian)子遷(qian)移率高，用于(yu)鋰(li)(li)電(dian)(dian)池(chi)可減低電(dian)(dian)阻并改善循(xun)環性(xing)能。石(shi)(shi)墨烯(xi)在(zai)鋰(li)(li)電(dian)(dian)池(chi)領域，按(an)照目前產業推廣進度，將首先鋰(li)(li)電(dian)(dian)池(chi)電(dian)(dian)極添加劑領域實現應用，隨(sui)著石(shi)(shi)墨烯(xi)下(xia)游動力(li)鋰(li)(li)擴產以(yi)及下(xia)游便攜(xie)式鋰(li)(li)電(dian)(dian)池(chi)需(xu)求逐年提(ti)高，國內石(shi)(shi)墨烯(xi)的需(xu)求量(liang)將大幅增加。

　　石(shi)墨烯(xi)鋰電(dian)池導(dao)電(dian)劑(ji)性(xing)能極(ji)佳，受益石(shi)墨烯(xi)量產迎來(lai)廣闊市場(chang)石(shi)墨烯(xi)為(wei)導(dao)電(dian)添加劑(ji)導(dao)電(dian)、放電(dian)性(xing)能遠(yuan)遠(yuan)優(you)于傳統(tong)導(dao)電(dian)劑(ji)，石(shi)墨烯(xi)導(dao)電(dian)劑(ji)的(de)電(dian)阻率僅(jin)(jin)為(wei)同濃度的(de)導(dao)電(dian)碳(tan)黑1/40-60，僅(jin)(jin)為(wei)同濃度碳(tan)納米管1/10。

　　石(shi)(shi)(shi)墨(mo)烯導電(dian)劑(ji)的制(zhi)備可控性強，量產難度相對較低。預計在政府的扶持(chi)及生產技(ji)術的改進下，石(shi)(shi)(shi)墨(mo)烯原材料規(gui)模化進程(cheng)加(jia)速，而石(shi)(shi)(shi)墨(mo)烯導電(dian)劑(ji)在充足的石(shi)(shi)(shi)墨(mo)烯原材料供應的條件下，將(jiang)會在下游市(shi)場(chang)中迅速得到大規(gui)模推廣(guang)。

　　在鋰(li)電(dian)(dian)(dian)(dian)池領域，石(shi)墨(mo)(mo)烯(xi)(xi)復合(he)電(dian)(dian)(dian)(dian)極(ji)材料(liao)性能(neng)優良(liang)，前(qian)(qian)景可(ke)期石(shi)墨(mo)(mo)烯(xi)(xi)復合(he)電(dian)(dian)(dian)(dian)極(ji)材料(liao)相(xiang)比純電(dian)(dian)(dian)(dian)極(ji)材料(liao)，能(neng)夠大(da)幅(fu)改善電(dian)(dian)(dian)(dian)極(ji)循環性能(neng)，減(jian)少傳荷電(dian)(dian)(dian)(dian)阻，使(shi)電(dian)(dian)(dian)(dian)極(ji)導電(dian)(dian)(dian)(dian)性明顯(xian)改善。國內鋰(li)電(dian)(dian)(dian)(dian)池石(shi)墨(mo)(mo)烯(xi)(xi)復合(he)電(dian)(dian)(dian)(dian)極(ji)材料(liao)研(yan)發(fa)目(mu)前(qian)(qian)還處(chu)在初(chu)級(ji)階段，后(hou)面發(fa)展前(qian)(qian)景可(ke)期。

　　行業風險提示：

　　1、石墨烯產(chan)業(ye)(ye)化(hua)進(jin)展不(bu)及預期;我國部(bu)(bu)分(fen)(fen)石墨烯企業(ye)(ye)仍受制于制備工藝不(bu)成(cheng)熟、成(cheng)本高、環保嚴、不(bu)穩定性(xing)等因素，從而導致其商(shang)業(ye)(ye)化(hua)應(ying)用(yong)(yong)推(tui)廣進(jin)程緩(huan)慢;2、技術替代風險;石墨烯薄膜(mo)(mo)的(de)(de)制備方法(fa)的(de)(de)不(bu)同(tong)對其導電(dian)(dian)性(xing)、透光(guang)率均(jun)勻(yun)性(xing)等性(xing)能影響較大，從而在很(hen)大程度上限(xian)制了其作為導電(dian)(dian)薄膜(mo)(mo)材(cai)料應(ying)用(yong)(yong)的(de)(de)發展;3、下游應(ying)用(yong)(yong)拓展緩(huan)慢;它的(de)(de)應(ying)用(yong)(yong)領域(yu)非(fei)常(chang)泛，從電(dian)(dian)子(zi)信(xin)息、新能源、生物工程到復合(he)材(cai)料，幾(ji)乎包括了相當大部(bu)(bu)分(fen)(fen)的(de)(de)產(chan)業(ye)(ye)內(nei)容，但是應(ying)用(yong)(yong)領域(yu)和(he)實際應(ying)用(yong)(yong)技術銜接(jie)還需要不(bu)斷完善。