Over 7.0% CAGR Predicted in Global Graphite Market During 2020-2030

The global graphite market is witnessing growth and is projected to reach USD 36,889.1 million by 2030. This development can be credited to the rising need for graphite items in the electronics and metallurgy industries throughout the world. Moreover, graphite is extensively utilized during the making of lithium-ion (Li-ion) batteries, which is projected to make the way for the acceptance of graphite in the automotive sector, which, ultimately, will fuel the worldwide graphite market.

Explore more about this report@ https://www.psmarketresearch.com/market-analysis/graphite-market

In recent years, the synthetic graphite category dominated the industry, based on type. This is credited to the extensive utilization of synthetic graphite in the making of electrodes for electric arc furnaces, which are utilized to make metallic items. Additionally, synthetic graphite has the capability to endure high temp, and it shows higher thermal expansion and thermal shock resistance.

The batteries category, based on application, is projected to witness the fastest growth in the graphite market during the forecast period. This is attributed to the rapidly expanding production of hybrid and electric vehicles, particularly in North America and Europe. In developing countries, the improving disposable income and consumer spending are expected to support the sales of high-drain electronics, which, in turn, will boost the demand for batteries containing graphite.

To download free sample pages of this report@ https://www.psmarketresearch.com/market-analysis/graphite-market/report-sample

In the coming few years, the batteries category, on the basis of applications, is estimated to experience the fastest development in the graphite industry during the projection period. This is ascribed to the quickly increasing making of hybrid and e-cars, mainly in Europe and North America. In emerging nations, the advancing per-capita revenue and consumer expenditure are projected to aid the sales of high-drain electronics, which, ultimately, will fuel the requirement for batteries comprising graphite.

In the past few years, APAC has had the largest industry share credited to the growing manufacturing sector in this region. Additionally, the increasing expenditure in the electric automobile sector is projected to boost the demand for graphite in the coming years.

Hence, the rising need for graphite items in the electronics and metallurgy industries throughout the world is the major factor propelling the market.

The research offers market size of the Global Graphite Market for the period 2014-2030.

Market Segmentation by Type
• Natural
• Synthetic
o Graphite electrode
o Carbon fiber
o Others

Market Segmentation by Application
• Electrodes
• Refractories
• Lubricants
• Foundries
• Graphite Shapes
• Batteries
• Friction Products
• Others

Market Segmentation by End-Use Industry
• Metallurgy
• Automotive
• Electronics
• Others

Market Segmentation by Region
• North America Graphite Market
o By type
 By synthetic form
o By application
o By end-use industry
o By country - U.S. and Canada
 U.S. graphite market
 By type
 By synthetic form
 By application
 By end-use industry
 Canada graphite market
 By type
 By synthetic form
 By application
 By end-use industry
• Europe Graphite Market
o By type
 By synthetic form
o By application
o By end-use industry
o By country - Germany, France, U.K., Italy, Spain, Russia,
and Rest of Europe

• Asia-Pacific (APAC) Graphite Market
o By type
 By synthetic form
o By application
o By end-use industry
o By country - China, India, Japan, South Korea, and Rest of APAC
 China graphite market
 By type
 By synthetic form
 By application
 By end-use industry
 India graphite market
 By type
 By synthetic form
 By application
 By end-use industry

• Rest of the World (RoW) Graphite Market
o By type
 By synthetic form
o By application
o By end-use industry
o By country - Brazil, Mexico, Saudi Arabia, Egypt, Turkey, and Others

About P&S Intelligence
P&S Intelligence is a market research and consulting firm shaping growth strategies for enterprises with a global as well as niche presence. We specialize in both syndicate and custom market research, creating insight-laden reports that allow customers to stay ahead at every curve. Our clients range from multi-billion-dollar behemoths across industries to up and coming MSMEs and startups. Moreover, with our new offering, government, and public sector advisory services, we continue to trudge ahead in our quest for revolutionizing the way economies shape themselves in these ever-changing times.

Contact:
Chandra Mohan
AVP - Business Development
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Blog: https://pnsintelligence.wordpress.com

This release was published on openPR.