Graphite Market Poised to Achieve Significant Growth with GrafTech International Ltd., AMG Advanced Metallurgical Group N.V., HEG Ltd, Tokai Carbon Co. Ltd., Toyo Tanso Company Ltd., Showa Denko

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.

Market Dynamics

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 fueling growth of the market.

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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. According to the Coherent Market Insights’ analysis, the global advanced energy storage market was valued at US$ 11.79 billion in 2016 and is expected to exhibit a CAGR of 8.88% during 2017–2025.

Moreover, rising demand for ultra-lightweight materials in aircraft components such as carbon-fiber reinforced polymers (CFRP), is aiding in growth of graphite market, as graphite is majorly used in the production of CFRPs. According to the Clean Energy Manufacturing Analysis Center (CEMAC), in 2012, demand for carbon fiber end products was highest in Europe and was estimated to be 16,650 tons, which was 37% of the world’s total demand for carbon fiber end products. Additionally, growing application of graphite in fuel cells and nuclear energy is expected to boost growth of the graphite market during the forecast period.

Market Outlook

In terms of revenue, Asia Pacific is expected to be the fastest growing market for graphite during the forecast period. 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.

In 2017, North America accounted for significant share in the global graphite market with U.S. being the major contributor. However, graphite mining had faced stagnation and has not been mined in the country since 1990’s, according to the United States Geological Survey (USGS).

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.

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This release was published on openPR.