openPR Logo
Press release

Expert View: Carbon Graphite Market Hold A High Potential Growth By 2032

04-02-2024 08:23 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Carbon Graphite Market

Carbon Graphite Market

According to the report, the carbon graphite market was valued at $2.6 billion in 2022 and is estimated to reach $4.5 billion by 2032, exhibiting a CAGR of 5.7% from 2023 to 2032.

Allied Market Research published a report, titled, "Carbon Graphite Market by Product (Carbon and Graphite Electrodes, Carbon and Graphite Fibers, Carbon and Graphite Powder, and Others), and End-User Industry (Industrial, Aerospace, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032".

Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/3199

Prime determinants of growth:
The global carbon graphite market is driven by robust demand from the aerospace & defense sectors. Carbon graphite composites are used in aerospace and defense for their lightweight and high-strength properties. The increasing need for fuel-efficient and advanced aircraft and defense systems drives the demand for carbon graphite materials. However, high costs of carbon graphite-based materials are expected to restrain the growth of the carbon graphite market.

The carbon and graphite electrodes segment to maintain its lead position during the forecast period:
Based on product, the carbon and graphite electrodes segment accounted for the largest share in 2022, contributing to two-fifths of the global carbon graphite market revenue. Carbon electrodes are a critical component in electric arc furnaces (EAFs) used in steel production. The global demand for steel continues to rise, driven by infrastructure development, construction, and industrial growth in emerging economies. As a result, the demand for carbon electrodes used in EAFs has been increasing.

Moreover, carbon electrodes are essential for aluminum smelting in the Hall-Héroult process, where alumina is electrolyzed to produce aluminum. The aluminum industry's growth, particularly in emerging markets, has driven the demand for carbon electrodes. Additionally, graphite electrodes play a crucial role in electric arc furnaces (EAFs) used for steel production. The global demand for steel continues to rise, primarily due to infrastructure development, construction, and industrial growth in emerging economies. As a result, the demand for graphite electrodes used in EAFs has been increasing. These factors are expected to lead the carbon graphite market for carbon and graphite electrodes to witness significant growth.

Have Any Query? Ask Our Expert : https://www.alliedmarketresearch.com/purchase-enquiry/3199

The industrial segment to maintain its lead position during the forecast period:
Based on the end-user industry, the industrial segment accounted for the largest share in 2022, contributing to more than two-fifths of the global carbon graphite market revenue. Carbon graphite offers a high strength-to-weight ratio, making it ideal for applications were reducing weight while maintaining structural integrity is essential, such as in the aerospace and automotive industries. Furthermore, carbon graphite is an excellent conductor of electricity and heat, making it valuable in electrical and thermal management applications. In addition to this, carbon graphite is chemically inert and resistant to many chemicals, making it suitable for use in corrosive environments and chemical processing applications. These factors altogether have surged the demand for carbon graphite among several end-user industries; thus, fueling the market growth.

Access Full Summary Report: https://www.alliedmarketresearch.com/carbon-graphite-market

Asia-Pacific to maintain its dominance by 2032:
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for more than two-fifths of the global carbon graphite market and is projected to register the highest CAGR of 6.1% during the forecast period. The Asia-Pacific region is a major hub for automotive manufacturing and consumption. Carbon graphite materials are used in the production of brake components, clutches, and other automotive parts. As the demand for lightweight and high-performance materials in the automotive sector continues to witness growth, the carbon graphite market is expected to benefit from it. Furthermore, the Asia-Pacific region has been rapidly expanding its renewable energy sector, with a strong focus on wind and solar power. Carbon graphite materials are utilized in wind turbine components and solar panels, contributing to the growth of the carbon graphite market.

Additionally, Asia-Pacific is a significant contributor to the global EV market. The demand for carbon graphite materials in lithium-ion batteries for EVs is substantial, and the region's commitment to reducing emissions is driving the adoption of EVs. Moreover, Asia-Pacific is experiencing significant infrastructure development, including construction projects, transportation networks, and energy transmission. This creates opportunities for the use of carbon graphite materials.

Want to Access the Statistical Data and Graphs, Key Players' Strategies: https://www.alliedmarketresearch.com/carbon-graphite-market/purchase-options

Leading Market Players: -
IBIDEN
Entegris
Nippon Carbon
SEC Carbon
GrafTech International Limited
Graphite India Ltd
Schuk
Fangda Carbon New Material Co., Ltd.
Datong XinCheng
Sinosteel Engineering and Technology Co., Ltd.

The report provides a detailed analysis of the key players in the global carbon graphite market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

For More Details: https://www.prnewswire.com/news-releases/carbon-graphite-market-to-reach-4-5-billion-globally-by-2032-at-5-7-cagr-allied-market-research-301996738.html

More Related Reports:

Ethylene Carbonate Market : https://www.alliedmarketresearch.com/ethylene-carbonate-market-A07307

Carbon Black in Lead-Acid Battery Market : https://www.alliedmarketresearch.com/carbon-black-in-lead-acid-battery-market-A11043

Industrial Carbon Nanotubes Market : https://www.alliedmarketresearch.com/industrial-carbon-nanotubes-market-A13107

Carbon Molecular Sieves Market : https://www.alliedmarketresearch.com/carbon-molecular-sieves-market-A53566

Mexico Carbon Dioxide Market : https://www.alliedmarketresearch.com/mexico-carbon-dioxide-market-A78714

Contact Us:
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Expert View: Carbon Graphite Market Hold A High Potential Growth By 2032 here

News-ID: 3449746 • Views:

More Releases from Allied Market Research

Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
The global urinary drainage bags market is experiencing robust growth, with its market size valued at $1.4billion in 2021 and projected to reach $2billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2031, highlighting the increasing demand for these essential medical devices. Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A17529 What Are Urinary Drainage Bags? Urinary drainage bags are specialized medical devices designed to collect
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031. The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growth
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Billion by 2030; Growing at a CAGR of 17.2%
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil …
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario. Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strict
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of 5.6%
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of …
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031. Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise in

All 5 Releases


More Releases for Carbon

Carbon-Carbon Composite Market to Reach $3.31 Billion by 2031 | SGL Carbon, Toyo …
NEW YORK, (UNITED STATES) - QY Research latest 'Carbon-Carbon Composite Market 2025 Report' offers an unparalleled, in-depth analysis of the industry, delivering critical market insights that empower businesses to enhance their knowledge and refine their decision-making processes. This meticulously crafted report serves as a catalyst for growth, unlocking immense opportunities for companies to boost their return rates and solidify their competitive edge in an ever-evolving market. What sets this report
Carbon Black Market Next Big Thing | Cabot, Tokai Carbon, Jiangxi Black Carbon, …
Market Research Forecast published a new research publication on "Global U.S. U.S. Carbon Black Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study, you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market-associated stakeholders. The growth of the U.S. U.S. Carbon Black Market was mainly driven by the increasing R&D spending across the world. Get Free Exclusive
Carbon-Carbon Composite Material Market Size, Share 2024, Impressive Industry Gr …
Report Description: - QY Research's latest report 'Carbon-Carbon Composite Material Market 2024 Report' provides a comprehensive analysis of the industry with market insights will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. Finally, this will increase the return rate and strengthen the competitive advantage within. Since it's a personalised market report, the services are catered to the particular difficulty. The
Carbon Black Market Scenario & Industry Applications 2020-2025 | Phillips Carbon …
The global carbon black market size is projected to surpass USD 18 billion by 2025. Carbon black act as a reinforcement material for tires and rubber, and possess electrical conductive properties. Carbon black provide pigmentation, conductivity, and UV protection for a number of coating applications along with toners and printing inks for specific color requirements. Its multiple application across various end product along with rising economic outlook has significantly enhanced
Global Carbon-Carbon Composite Market 2020-2026 SGL Carbon, Toyo Tanso, Tokai Ca …
Global Carbon-Carbon Composite Market 2020-2026 analysis Report offers a comprehensive analysis of the market. It will therefore via depth Qualitative insights, Historical standing and verifiable projections regarding market size. The projections featured inside the report square measure derived victimisation verified analysis methodologies and assumptions. Report provides a progressive summary of the Carbon-Carbon Composite business 2020 together with definitions, classifications, Carbon-Carbon Composite market research, a decent vary of applications and Carbon-Carbon
Global Carbon Black Market to 2026| Cabot, Orion Engineered Carbons, Birla Carbo …
Albany, NY, 10th January : Recent research and the current scenario as well as future market potential of "Carbon Black Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026" globally. Carbon Black Market - Overview Carbon black (CB) is manufactured through partial combustion of heavy hydrocarbons under controlled temperature and pressure to obtain fine particles and aggregates having a wide range of structure and surface properties. This