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Graphite Market Report 2024 Size, Share, Growth, Trends, Key Players And Forecast 2033
Graphite Market
The Business Research Company's Graphite Global Market Report 2024 identifies Growing Demand For Electric Vehicles Fueling as the major driver for the Graphite market's growth in the forecast period. Electric vehicles (EVs) are automobiles powered by electricity stored in batteries, eliminating the need for traditional internal combustion engines. Graphite is used in electric vehicles to make lightweight and high-energy-density lithium-ion batteries, serving as the anode material for efficient energy storage and release.
The graphite market size has grown strongly in recent years. It will grow from $1.2 billion in 2024 to $1.3 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to demand from steel industry, battery and energy storage, refractories and foundry industry, automotive industry, emerging markets.The graphite market size is expected to see strong growth in the next few years. It will grow to $1.73 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.
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Major competitors in the Graphite market are Graphite India Limited, Mason Graphite Inc., SGL Carbon SE, GrafTech International Holdings Inc., Triton Minerals Ltd.
A key trend in the Graphite market includes Advancement In Graphite Battery Fabrication. Companies operating in the general mineral market are developing new technologies, such as battery-related fabrication technology to sustain their position in the market. Battery-related fabrication technology refers to the processes and techniques involved in the manufacturing of batteries. This includes the production of battery cells, electrodes, and other component. For instance, in March 2022, Battrion AG, a Switzerland-based battery technology company, along with its partner Jagenberg Converting Solution GmbH, a Germany-based machine and equipment manufacturer unveiled Battrion's Aligned Graphite Technology for the lithium-ion battery. Aligned Graphite Technology is an innovative fabrication technology for lithium-ion batteries. It improves the microstructure of negative electrodes, resulting in enhanced battery performance and faster charging capabilities.
Read More On TheGlobal Graphite Market Report Here:https://www.thebusinessresearchcompany.com/report/graphite-global-market-report
The Graphite market is segmented -
•By Type: Flake Graphite, Non-Flake Graphite
•By Product: Natural Graphite, Synthetic Graphite
•By Flake Size: Jumbo, Large, Medium, Small, Fine
•By Application: Refractories, Batteries, Lubricants/Crucibles, Foundry, Pencils, Other Applications
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Graphite market.
The Business Research Company's "Global Graphite Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Graphite Market Include:
1. Executive Summary
2. Graphite Market Characteristics
3. Graphite Product/Service Analysis -Product/Service Examples
4. Graphite Market Trends And Strategies
5. Graphite Market - Macro Economic Scenario
................
68. Global Graphite Market Competitive Benchmarking
69. Global Graphite Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Graphite Market
71. Graphite Market Future Outlook and Potential Analysis
72. Appendix
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