Graphite Market | Key players operating in the market include GrafTech International Holdings, Graphite India, Triton Minerals, Mason Graphite, SGL Group

According to recent market research "Graphite Market by Application (Refractory, Foundry, Battery, Friction Product, Lubricant), Type (Natural Graphite, Synthetic Graphite), Natural Graphite (Flake, Amorphous, Vein), Region - Global forecast to 2022", The global graphite market is projected to reach USD 29.05 Billion by 2022, at a CAGR of 5.2% from 2017 to 2022.

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Battery is expected to be the fastest-growing application in the global graphite market during the forecast period, 2017 to 2022. The use of storage batteries in an increasing number of consumer electronics and the rising adoption of the batteries in electric vehicles is projected to fuel the growth of the utility storage market. The growth of the utility storage industry is expected to lead to an increased production of fuel cells and lithium-ion batteries in the coming years. This consequently is expected to result in the increased demand for graphite, as lithium-ion batteries require 20 to 30 times more graphite than lithium.

Natural graphite is the fastest-growing type in the global graphite market during the forecast period, 2017 to 2022. Natural graphite is preferred by manufacturers across various end-use industries, owing to its low cost. Increasing investments in research & development across the globe for technological advancements in natural graphite to meet the requirements for high end applications at low cost is a key factor expected to fuel the demand for natural graphite in the coming years.

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The global graphite market is projected to reach USD 29.05 Billion by 2022, at a CAGR of 5.2% from 2017 to 2022. The demand for graphite is directly dependent on the growth of its application industries, including refractory, foundry, battery, friction product, and lubricants. The refractory application segment was the largest segment of the graphite market in 2016, owing to the high demand from the steel industry. The battery application segment is projected to be the fastest-growing application segment in the graphite market, in terms of volume, between 2017 and 2022, due to the growing investments in electric vehicles, energy storage, and portable electronics. Graphite is majorly produced and exported by countries, including China, North Korea, and Brazil, and is imported in the U.S., Japan, Germany, and India.

Key players in the graphite market include GrafTech International Holdings Inc. (U.S.), Graphite India Ltd. (India), Triton Minerals Limited (Australia), Mason Graphite Inc. (Canada), and SGL Group (Germany), among others. Major strategies adopted by key players to enhance their businesses include expansions, new product launches, and agreements.

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2015, one of the key players active in the graphite market, Triton Minerals Ltd., signed an agreement to form a strategic alliance with AMG Mining AG (Germany) through GK Ancuabe Graphite Mine SA, a subsidiary of AMG. The strategic alliance was entered into for an initial exclusive period of two years during which, the parties will collaborate on the exploration, identification, and development of graphite occurrences in the Ancuabe district, in the Province of Cabo Delgado in Mozambique. Another major development from Triton Minerals Ltd. was in April 2015, in which Triton signed a 20-year off-take agreement with graphite products specialist Yichang Xincheng Graphite Co., Ltd. (China) to supply 100,000 tons of graphite concentrate per year at a sale price of USD 1,000 per ton.

Mason Graphite, a key player in the graphite market, made an additional equity investment of USD 1.0 million in Group NanoXplore Inc. (Canada) in November 2016. NanoXplore will use the funds to increase the production of graphene from 4 to 64 metric tons per year.

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