Graphite Market 2022 Discover new Industry Opportunities and Key Trends
Increasing demand of graphite in batteries such as lithium ion and aluminum ion batteries is expected to drive the graphite market growth.
Increasing demand of graphite in batteries such as lithium ion and aluminum ion batteries is expected to drive the graphite market growth.
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<strong>Graphite</strong> <strong>Market</strong> 2017 by Feature Investment<br />
Drivers, <strong>Opportunities</strong> <strong>and</strong> <strong>Trends</strong> Forecast to<br />
<strong>2022</strong><br />
“Global <strong>Graphite</strong> <strong>Market</strong> Research Report Analysis<br />
identifies <strong>Key</strong> <strong>Trends</strong>, Drivers, Applications,<br />
<strong>Opportunities</strong> <strong>and</strong> Challenges in the market. This<br />
industry research report also presents a detailed<br />
analysis of the Feature market by Segmentation,<br />
Type, Size, Sales <strong>and</strong> geography.”<br />
The global graphite market is estimated to grow at a CAGR over the forecast period. Increasing dem<strong>and</strong> of graphite in<br />
batteries such as lithium ion <strong>and</strong> aluminum ion batteries is expected to drive the graphite market growth. <strong>Graphite</strong> is<br />
a form of carbon <strong>and</strong> is considered to be a key material in green technology <strong>and</strong> hence is expected to be widely used<br />
in photovoltaics, energy storage <strong>and</strong> electronic products.<br />
Rising dem<strong>and</strong> for electronic devices including tablets, laptops, mobile, <strong>and</strong> camera offers high potential of lithium ion<br />
battery industry. These batteries are used in the devices to charge the ions <strong>and</strong> to ensure proper functioning of the<br />
devices. This in turn is further expected to boost the graphite market. Technological advancements in developed<br />
countries is expected to rise the electronic market growth.<br />
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In Automotive industry carbon fibers are anticipated to be widely used instead of steel owing to the properties that<br />
carbon exhibits. Carbon fibers are lightest, strongest & stiffest <strong>and</strong> has better shock absorption. The main advantage<br />
of this fiber over steel <strong>and</strong> aluminum is that it does not rust <strong>and</strong> cause erosion. These factors drive the graphite market<br />
growth over the forecast period in automotive <strong>and</strong> aerospace industry. It is used in clutch materials, fire retardants,<br />
lubricants <strong>and</strong> brakes. Lithium ion batteries consists of around 80% graphite. For instance, an automotive company<br />
Tesla motors is expected to invest USD 5 billion in a <strong>new</strong> lithium ion battery factory on account of which dem<strong>and</strong> for<br />
graphite over the forecast period is anticipated to increase. Advancements in steelmaking, metallurgy <strong>and</strong><br />
manufacturing goods industry along with industrial applications are identified as major trends in the global graphite<br />
market.<br />
Government initiatives to increase awareness among end users including industry players <strong>and</strong> consumers to go green<br />
by adopting environmental friendly materials in manufacturing processes is anticipated to increase the dem<strong>and</strong> for<br />
graphite market. According to China's government plans 5.0 million battery-electric vehicles are expected to ply on<br />
roads in the future. This factor attributes to increase in dem<strong>and</strong> for graphite market. Traditional dem<strong>and</strong> for graphite<br />
is largely linked to the steel industry where it is used as a liner for ladles <strong>and</strong> crucibles, as a component in bricks which<br />
line furnaces (“refractories”), <strong>and</strong> as an agent to increase the carbon content of steel. Natural graphite is used to<br />
lubricate the dies <strong>and</strong> extrude hot steel. Increasing dem<strong>and</strong> of steel on account of industrialization in developing<br />
economies including china, India <strong>and</strong> other countries is expected to drive the flake graphite market expansion.<br />
The major challenges for market players in this industry is the increasing supply-dem<strong>and</strong> gap. The rising dem<strong>and</strong> of<br />
graphite in steel, energy, automotive <strong>and</strong> manufacturing industries may create a gap between the dem<strong>and</strong> <strong>and</strong> supply<br />
balance in the foreseeable future. Depleting graphite reserves around the world are expected to impact the market<br />
growth. Due to the Illegal exploitation, extensive operations <strong>and</strong> poor management, graphite mining <strong>and</strong> processing<br />
in particular has caused considerable environmental damage in countries such as China.<br />
Based on graphite form the global graphite market is segmented into natural graphite <strong>and</strong> synthetic graphite. The<br />
synthetic market is further segmented into graphite electrode, graphite blocks, powder <strong>and</strong> carbon fiber. <strong>Graphite</strong><br />
electrode segment accounted for the largest market owing to rising dem<strong>and</strong> for steel various other metals that<br />
constitute graphite. Carbon fiber is expected to have the fastest growth over the forecast period which are extensively<br />
used in automotive industries.<br />
Based on end use segment the graphite market is globally divided into Refractory, foundry, electrode, battery, <strong>and</strong><br />
lubricant. Electrode segment is expected to have the largest market share followed by batteries. Increase in dem<strong>and</strong><br />
of high end sophisticated devices among the consumers is anticipated to drive the battery segment. Asia pacific<br />
graphite market has the largest market globally. Rising advanced applications in pebble-bed nuclear reactors, solar<br />
systems, fuel cells, <strong>and</strong> aerospace industries is expected to drive the market in this region. China is the largest graphite<br />
producer in the world in response to rapid development of industrialization accounting for 70% share of total graphite<br />
production globally followed by India. Europe is estimated to witness the fastest growth rate over the forecast period<br />
owing to increase in use of lithium ion based batteries in smartphones, tablets <strong>and</strong> other electronic devices.<br />
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Major players in the market include Lamboo resources limited, Alabama graphite corp, graftech international holidngs,<br />
<strong>and</strong> triton minerals limited. Other industry participants are Syrah Resources Limited, Asbury <strong>Graphite</strong> Mills, Showa<br />
Denko K.K, Tokai Carbon Co., Ltd, <strong>and</strong> Northern <strong>Graphite</strong> Corporation. Triton minerals one of the leading company<br />
mainly focusses on flake graphite exploration <strong>and</strong> development of graphite projects. In china International trade <strong>and</strong><br />
pricing is expected to rise on account of increasing domestic production including environmental, labor <strong>and</strong> overhead<br />
costs. Alternative sources of graphite are expected to increase owing to decrease in availability of graphite in depletion<br />
of graphite reserves.<br />
<strong>Market</strong> Segment:<br />
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million<br />
USD), market share <strong>and</strong> growth rate of <strong>Graphite</strong> in these regions, from 2012 to <strong>2022</strong> (forecast), covering<br />
• North America<br />
• Europe<br />
• China<br />
• Japan<br />
• India<br />
On the basis of product, this report displays the production, revenue, price, market share <strong>and</strong> growth rate of each<br />
type, primarily split into<br />
• Synthetic <strong>Graphite</strong><br />
• Natural <strong>Graphite</strong><br />
On the basis on the end users/applications, this report focuses on the status <strong>and</strong> outlook for major applications/end<br />
users, consumption (sales), market share <strong>and</strong> growth rate of <strong>Graphite</strong> for each application, including<br />
• Steel & Refractories<br />
• Carbon Brushes<br />
• Batteries<br />
• Others<br />
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https://www.millioninsights.com/industry/chemicals-<strong>and</strong>-materials
Global <strong>Graphite</strong> market competition by top manufacturers, with production, price, revenue (value) <strong>and</strong> market<br />
share for each manufacturer; the top players including<br />
• Ao Yu <strong>Graphite</strong> Group<br />
• Jixi Changyuan Mining <strong>Industry</strong><br />
• Qiangli <strong>Graphite</strong><br />
• Yixiang <strong>Graphite</strong><br />
• Haida <strong>Graphite</strong><br />
• Jinhui <strong>Graphite</strong><br />
• Heilongjiang Great Northern Wilderness heijin gold graphite Ltd.<br />
• Jixi Tiansheng Nonmetal <strong>Industry</strong> Co., LTD.<br />
• Jixi City Puchen <strong>Graphite</strong> Co.,Ltd.<br />
• Luobei Fuda <strong>Graphite</strong> co., LTD.<br />
• Qingdao Xinghe <strong>Graphite</strong> Co., ltd.<br />
• Hunan Guosheng Shimo<br />
• Nacional de Grafite<br />
• Tirupati Carbons & Chemicals<br />
• Chotanagpur <strong>Graphite</strong> Industries<br />
• Carbon & <strong>Graphite</strong> Products<br />
• Agrawal <strong>Graphite</strong> Industries<br />
• Pradhan Industries<br />
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