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Graphite Market Is Booming Worldwide with Top key players -GrafTech International Ltd., AMG Advanced Metallurgical Group N.V., HEG Ltd, Graphite India Limited, Tokai Carbon Co. Ltd., Toyo Tanso Company Ltd.

10-12-2018 10:29 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: coherenet market insights

Graphite

Graphite

Graphite is an allotrope of carbon with crystalline structure and has both metallic and non- metallic properties. Metallic properties of graphite include thermal and electrical conductivity and the non-metallic properties include lubricity, chemical inertness, and thermal resistance. Furthermore, there are two grades of graphite available, including high-purity & high-cost synthetic graphite, and lower-cost-purity natural graphite. Mining of the natural graphite often requires various mineral processing such as froth flotation to increase the graphite concentration, as mined natural graphite often contains other minerals. Natural graphite has excellent electrical and heat conductivity and is a high refractory material. Refractories for the steel industry is a major market for natural graphite.

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Growing application of graphite in the automotive industry including graphite filament and in the production of various components where graphite is used as a core material such as motors, disk brake linings & pads, cylinder heads, exhaust systems, and gaskets is fuelling growth of the market. Graphite is extensively used as an active anode material in lithium-ion batteries and the growing demand for advanced energy storage products such as lithium-ion batteries is aiding in growth of the graphite market as well.

Rapid industrialization in emerging economies including India and China is fuelling demand for graphite in the region, as graphite is used in a wide range of industries such as automotive, chemical, and nuclear. According to the United States Geological Survey (USGS), China was the leading country in the world mine production of graphite in 2012 and in 2016, China was projected as the largest supplier of flake and amorphous grades of natural graphite and accounted for around 68% of the global graphite production. Furthermore, rising fuel prices, steadily growing awareness regarding eco-friendly electrical vehicles with graphite using li-ion batteries is fuelling growth of the market in the region.

Key Players and Business Strategies

Major players operating in the global graphite market include GrafTech International Ltd., AMG Advanced Metallurgical Group N.V., HEG Ltd, Graphite India Limited, Tokai Carbon Co. Ltd., Toyo Tanso Company Ltd., Showa Denko K.K., SEC Carbon Ltd., Mason Graphite Inc., Triton Minerals Ltd., and Northern Graphite Corporation.

Key players are adopting various business strategies such as product development, strategic collaborations, and mergers & acquisitions, in order to retain their market share. For instance, in November 2017, the Tokai Carbon Company Ltd. acquired the U.S. subsidiary, SGL GE Holding GmbH, which is involved in the manufacturing of graphite electrodes. The acquisition is anticipated to enhance the company’s business in North America region.

Graphite Market Taxonomy

Based on the type, the graphite market is segmented into:

Synthetic Graphite

Graphite block
Graphite Electrode
Graphite powder
Carbon fiber
Others

Natural Graphite

Flake Graphite
Amorphous Graphite
Vein Graphite

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