Graphite Market 2019 Future Outlook 2023 Profiling Major Key Players: Toyo Tanso, Graftech International, Tokai Carbon, SGL Group, The Carbon Company, and Graphite India

The graphite market is expected to grow at a significant rate during the forecast period, majorly driven by the augmenting demand from burgeoning lithium-ion battery industry. Graphite is flexible in nature and has both non-metallic and metallic properties, which makes it appropriate for a diverse range of industrial applications. The metallic properties include electrical and thermal conductivity, while the non-metallic properties of graphite include high thermal resistance, chemical inertness, and lubricity.

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Augmenting Demand from Lithium-ion Battery Industry
Uncoated spherical graphite, coated spherical graphite (CSPG) and lithium-ion anode paste are imperative as anode material in lithium ion batteries for mobile consumer appliances, electric vehicles and stationary energy storages. The three main demand drivers for CSPG include transportation batteries (significant growth), stationary or commercial or utility grid-storage batteries (exponential growth), and consumer electronics batteries (moderate growth).
The current consumption for Li-ion batteries is 105,000 tons (60,000 natural CSPG and 45,000 synthetic). As there is no CSPG production in North America, two United States based graphite companies, Graphite One and Alabama Graphite have included facilities for turning graphite concentrate into coated, purified, spherical graphite (also known as CPSG) in order to capture the fast growing lithium ion battery market. Hence, with such boom in the lithium-ion battery industry, the demand for graphite is projected to increase substantially during the forecast period.

Key Developments in the Market
January 2018: SGL Group decided to invest approx. EUR 25 million in expanding its production capacities at the Bonn site over four years, including not only new production systems, but also a new hall

Major Players: Toyo Tanso Co. Ltd., Graftech International, Tokai Carbon Co. Ltd., SGL Group, The Carbon Company, and Graphite India Ltd., among others.

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Electronics Industry to Dominate the Market
The applications of graphite products in the electronics industry include the manufacturing of silicon semiconductor, LED chips, lithium-ion batteries and LCD panels. They are used in electronics industry as the processes involved to manufacturer components involve high temperature and corrosive environment while these graphites are impressively heat and corrosion resistant. Graphite is mostly used in the semiconductor and LED industry for polysilicon production. The products made from graphite include cleaned electrodes for polysilicon separation, heat shields, thermal insulation components and gas ducts for converters.

Asia-Pacific to Dominate the Market Growth
Asia-Pacific is the largest market for graphite, accounting for over 40% of the global market in 2017. The growth of the graphite market in Asia-Pacific is primarily due to the growth of its end-user industries, such as electronics, foundry, and photovoltaic in countries, like China, India, Japan, and South Korea. China has one of the largest markets for semiconductor industry and registered a growth of 19.4% in 2016 and almost 20.0% in 2017. According to the Associated Chambers of Commerce of India (ASSOCHAM), the Indian electronics industry is expected to reach USD 112-130 billion at the end of 2018 due to the increase of their electronics-manufacturing base. The growth of these industries is expected during the forecast period (2018-2023), which is simultaneously boosting the market for graphite.

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