There is a new wonder material in town, and its name is graphene. Since it was first successfully isolated in 2004, graphene, with its honeycomb-like 2D structure and its wide gamut of interesting properties, has been keenly studied by material scientists.

This naturally transparent 1 millimeter thick lattice of carbon atoms has multiple applications and could even one day potentially solve the world’s water crisis.

The faith in the material is so strong that, according to numbers projected by Fortune Business Insights, its market value will be $2.8 billion in 2027.