Press release
Graphite Market Size Worth USD 13.35 billion 2032| A CAGR of 6.9% | Comapanies- AMG (Germany), Eagle Graphite (Canada)
Graphite Market
Graphite is a naturally soft and lightweight element that demonstrates nonmetallic and metallic features. This factor makes it ideal for different industrial applications. The rise in the demand from the refractory industry is expediting market growth. The product is deployed in simple oxygen furnaces and electric arc furnaces, crucibles in non-ferrous, steel, and precious metal processing, and linings in limonite smelting, and refractories, including alumina-magnesia-carbon, alumina-carbon, and magnesia-carbon.
List of Key Players Mentioned in the Report:
AMG (Germany)
Asbury Carbons (U.S.)
Eagle Graphite (Canada)
Grafitbergbau Kaisersberg GmbH (Austria)
Imerys S.A. (France)
Stoker Concast Pvt. Ltd. (India)
BTR NEW Material Group Co., Ltd. (China)
Nacional de Grafite (Brazil)
SGL Carbon (Germany)
Mineral Commodities (Australia)
Superior Graphite (U.S.)
Tirupati Carbons & Chemicals Pvt. Ltd. (India)
Fortune Business Insightsโข provides this information in its research report, titled "Graphite Market, 2024-2032".
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ - https://www.fortunebusinessinsights.com/enquiry/sample/graphite-market-105322
Segmentation:
High Temperature Resistance Attribute of Synthetic Products to Spur Segment Growth
In terms of product, the market is classified into synthetic and natural. The synthetic segment occupied the largest graphite market share in 2023. Synthetic products are popular for their corrosion and high temperature resistance and are made using high-purity carbon. These features make them a superior choice for highly specialized industries that need predictable carbon material outcomes. This factor is bolstering the synthetic segment expansion.
Mounting Demand from Several Industries Leads Refractory Segment's Dominance
On the basis of application, the market is categorized into recarburising, lubricants, friction products, refractories, batteries, foundries, and others. The refractory segment dominates the market with escalating demand from automotive, aerospace, construction and other industries coupled with swift industrial development.
Based on region, the market has been studied across the Middle East & Africa, Europe, North America, Latin America, and Asia Pacific.
๐๐๐ญ ๐ ๐๐ฎ๐จ๐ญ๐- https://www.fortunebusinessinsights.com/enquiry/get-a-quote/graphite-market-105322
Report Coverage
The key factors impelling the market growth have been mentioned in the report. Besides this, it provides comprehensive coverage of the COVID-19 pandemic impact, the latest trends, dominating segments, and major industry developments. The report further offers an in-depth analysis of the competitive strategies deployed by top companies to outshine the competition.
Drivers and Restraints:
Increasing Battery-driven Vehicle Trend to Propel Market Growth
The product is utilized to manufacture thermally conductive polymers, which are deployed for the replacement of metal in automotive components manufacturing. In addition, heavy investments in the electrification of the automotive industry have been impelled by momentum toward clean energy. Thus, these factors are bolstering the graphite market growth.
Despite such growth opportunities, the surging export duties may impede market expansion.
Regional Insights:
Asia Pacific Dominated Owing to Vast Presence of Steel Production Plants
Asia Pacific registered the largest share of the market in 2023 and was valued at USD 4.08 billion. Moreover, China witnessed the largest share in 2023 on account of the extensive presence of battery and steel production plants.
Latin America and the Middle East & Africa are set to grow moderately during the forecast period. These regions are slated to witness an additional demand owing to Saudi Vision 2032 and other considerable efforts by the government of Brazil to boost their battery production capability.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง- https://www.fortunebusinessinsights.com/graphite-market-105322
Competitive Landscape:
Top Companies Leverage Partnership Deals to Release Enhanced Products
Joint ventures, product innovations, and capacity expansions are some of the strategies opted for by prominent companies to boost their share. A wide array of companies are focusing on partnership deals to launch enhanced products.
Key Industry Development:
March 2021: SGL Carbon was awarded USD 46.2 million in IPCEI grants for Graphite Anode Products (GAM) in lithium-ion batteries. The SGL Carbon project aims to make revolutionary anode materials in Europe a crucial value-added step in electromobility.
๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ-
Graphene Market- https://www.fortunebusinessinsights.com/graphene-market-102930
Carbon Felt and Graphite Felt Market- https://www.fortunebusinessinsights.com/industry-reports/carbon-felt-and-graphite-felt-market-101300
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Fortune Business Insightsโข offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
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