Global Graphite Market Industry Growth Analysis and Forecast by 2022

Graphite Market - By Type Of Product (Flake Graphite, And Non-Flake Graphite), And By Region, Opportunities And Strategies – Global Forecast To 2022 By The Business Research Company
The global graphite market reached a value of nearly $1,282.7 million in 2018, having declined at a compound annual growth rate (CAGR) of -0.9% since 2014. Decline in the historic period was mainly due to the drastic fall in graphite prices during 2015 and 2016 and slight decrease in graphite production volumes in 2016, partially due to low demand from the steel sector. However, post 2016 the global market has gradually recovered supported by rising prices and increasing demand from various end use industries. This trend is expected to continue in the forecast period.

The Key driver of the graphite market include:
High Demand From Refractories Manufacturing:
The growth in the refractories manufacturing industries led to an increased demand for graphite. Refractories are materials that are resistant to high temperatures. Graphite is used in various ways in refractories: it is used in the production of refractory bricks such as magnesia-carbon (MgO-C) refractory bricks, crucibles, ladles and molds for containing molten metals. The refractories market reached $23.3 billion in 2018 proving to be a driver of the graphite market.

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Graphite Market Segmentation
The graphite market is segmented by product type, application, flake size and by geography.
By Product Type- The graphite market can be segmented by product type
a) Non-Flake Graphite
b) Flake Graphite
The flake graphite market was the largest segment of the graphite market in 2018 at 86.1% or $1,103.9 million. The non-flake graphite segment is expected to be the fastest-growing segment going forward.

By Application Type- The graphite market can be segmented by application
a) Refractories
b) Batteries
c) Lubricants
d) Foundry
e) Pencils
f) Others
Refractories was the largest segment of the graphite market by application in 2018 at 32.7% or $419.9 million. The graphite market for batteries applications is expected to be the fastest-growing segment going forward.

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By Geography - The graphite market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa

Some of the major key players involved in graphite market are
• Triton Minerals Ltd.
• Syrah Resources Limited
• Tirupati Carbons & Chemicals Private Limited
• Focus Graphite Inc.
• Qingdao Xinghe Graphite Co., Ltd.

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