Graphite Market Size, Share, Development, Growth and Demand Forecast to 2020
The global graphite market was valued at $15.06 billion in 2014 and it is expected to grow at a CAGR of 4.0% during the period 2015 - 2020. Based on form, the synthetic graphite segment hold the larger share, with $13.64 billion value, of the total market in 2014; and it is expected to reach $17.14 billion in 2020, at a CAGR of 3.9% for the period 2015-2020.
The global graphite market was valued at $15.06 billion in 2014 and it is expected to grow at a CAGR of 4.0% during the period 2015 - 2020. Based on form, the synthetic graphite segment hold the larger share, with $13.64 billion value, of the total market in 2014; and it is expected to reach $17.14 billion in 2020, at a CAGR of 3.9% for the period 2015-2020.
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The global graphite market was valued at $15.06 billion in 2014 <strong>and</strong> it is expected <strong>to</strong> grow at a<br />
CAGR of 4.0% during the period 2015 - <strong>2020</strong>. Based on form, the synthetic graphite segment<br />
hold the larger share, with $13.64 billion value, of the <strong>to</strong>tal market in 2014; <strong>and</strong> it is expected <strong>to</strong><br />
reach $17.14 billion in <strong>2020</strong>, at a CAGR of 3.9% for the period 2015-<strong>2020</strong>.<br />
Request <strong>to</strong> Get the Sample Report: https://www.psmarketresearch.com/marketanalysis/graphite-market/report-sample<br />
In recent years, the dem<strong>and</strong> for lithium-ion battery has increased significantly due <strong>to</strong> the increasing<br />
use of electronic gadgets such as cameras, lap<strong>to</strong>ps, mobile phones, <strong>and</strong> tablets globally.<br />
Additionally, increase in electric vehicles ownership is anticipated <strong>to</strong> propel the lithium-ion market.<br />
This, in turn is anticipated <strong>to</strong> propel the dem<strong>and</strong> for graphite.<br />
The major restraint associated with the global graphite market is increasing dem<strong>and</strong>-supply gap.<br />
The increasing use of graphite in au<strong>to</strong>motive, steel, <strong>and</strong> pho<strong>to</strong>voltaic (PV) industries may create a<br />
huge gap in the dem<strong>and</strong> <strong>and</strong> supply balance in near future. In 2013, the China PV industry<br />
witnessed rapid development. Due <strong>to</strong> this, the global supply <strong>and</strong> dem<strong>and</strong> gap for the isostatic form<br />
of graphite broadened <strong>to</strong> 1,500 <strong>to</strong>ns.<br />
Some of the major drivers behind the growth of the graphite market include increasing use of<br />
graphite in batteries, growing dem<strong>and</strong> of graphite in steel industry, <strong>and</strong> increasing use of graphite<br />
in au<strong>to</strong>motive industry. High dem<strong>and</strong> of graphite in battery industry is anticipated <strong>to</strong> propel the<br />
global graphite market.<br />
Read summary of report here: https://www.psmarketresearch.com/marketanalysis/graphite-market<br />
The key companies operating in the global graphite market include Tri<strong>to</strong>n Minerals Ltd., Lamboo<br />
Resources Limited, Mason <strong>Graphite</strong>, Focus <strong>Graphite</strong> Inc., Energizer Resources Inc., Northern<br />
<strong>Graphite</strong> Corporation, Alabama <strong>Graphite</strong> Corp., Flinders Resources Ltd., Syrah Resources Limited,<br />
SGL Carbon SE, GrafTech International Holdings Inc, <strong>Graphite</strong> India Limited, Nippon <strong>Graphite</strong><br />
Industries Co. Ltd., Asbury <strong>Graphite</strong> Mills Inc, Showa Denko K.K., <strong>and</strong> Tokai Carbon Co. Ltd.<br />
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