Graphite market size is estimated to be worth US$ 8833 million in 2022 and is forecast to a readjusted size of US$ 10920 million by 2028 with a CAGR of 3.6% - Valuates Reports

Due to the COVID-19 pandemic, the global Synthetic Graphite market size is estimated to be worth US$ 8833 million in 2022 and is forecast to a readjusted size of US$ 10920 million by 2028 with a CAGR of 3.6% during the review period.

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Fully considering the economic change by this health crisis, Graphite Electrodes accounting for % of the Synthetic Graphite global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period.

While Iron and Steel Industry segment is altered to an % CAGR throughout this forecast period.

Synthetic Graphite
Synthetic graphite is a man-made substance manufactured by the high temperature processing of amorphous carbon materials. The types of amorphous carbon used as precursors to graphite are many, and can be derived from petroleum, coal, or natural and synthetic organic materials. In some cases graphite can even be manufactured by the direct precipitation of graphitic carbon from pyrolysis of a carbonaceous gas such as acetylene (pyrolytic graphite). One important commonality between all graphite precursors is that they must contain carbon. Graphite is carbon, a specific form of carbon, so it can only be derived from other carbon containing substances. Although synthetic graphite can be manufactured from any number of precursor materials, the primary material used to manufacture it in the United States is petroleum coke. As noted above only certain types of carbonaceous feeds are suitable for graphite production. Therefore the petroleum coke used for the synthetic graphite industry must be carefully specified to assure it is of the type that will ultimately result in high quality graphitic carbon. The report data includes Synthetic Graphite electrode used for aluminium industry, but another product, Prebaked Consumable Carbon Anode used for the is not included. Prebaked Consumable Carbon Anodes are a specific type of anode designed for aluminium smelting using the Hall-Héroult process. The price is much lower than Synthetic Graphite electrode, and the volume is much bigger than the Graphite electrode. It is a Carbon product, not a Graphite product.

Synthetic Graphite Market Analysis and Insights
Global Synthetic Graphite key players include Showa Denko, GrafTech, Fangda Carbon, Tokai Carbon, Toray Carbon, etc. Global top five manufacturers hold a share about 35%. China is the largest market, with a share about 25%, followed by USA, with a share about 20 percent. In terms of product, Graphite Electrodes is the largest segment, with a share about 35%. And in terms of application, the largest application is Iron and Steel Industry, followed by Industrial Components, Battery Industry, Aluminum Industry, etc.

In terms of production side, this report researches the Synthetic Graphite capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.

In terms of sales side, this report focuses on the sales of Synthetic Graphite by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.

Synthetic Graphite Market Scope and Segment
Synthetic Graphite market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Synthetic Graphite market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.

Synthetic Graphite Market Segment By Type
➣Graphite Electrodes
➣Carbon Fibers
➣Specialty Graphite
➣Graphite Granular & Powder
➣Others

Synthetic Graphite Market Segment By Application
➣Iron and Steel Industry
➣Battery Industry
➣Aluminum Industry
➣Industrial Components
➣Others

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