Graphite Market to Accrue Impressively By 2023 with a Whooping CAGR; A Report Report by MRFR Predicts

Triton Minerals Limited (Australia), Hexagon Resources Limited (Australia), Mason Graphite Corp (Canada), Focus Graphite Inc. (Canada), NextSource Materials Inc. (Canada), SGL Group (Germany), MERSEN (France), GrafTech International (U.S.), Graphite India Ltd. (India), Nippon Carbon Co., Ltd. (Japan) and Toyo Tanso Co.,Ltd. (Japan) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Graphite Market.

Graphite Market - Overview

Global graphite market is growing with the impulsive pace; owing to the proliferation of aerospace industry. The civil sector will expand as a result of growing travel in developing market economies and the defence sector as a result of an increased significance on military spending, to counter global terrorism.

Globally, the market for graphite is driven by the region Asia pacific, owing to the rise in the production of use of electric arc furnaces to manufacture steel to support construction projects resulting in to increasing demand for steelmaking industries among others. Graphite is as essential material in electric furnace design to manufacture carbon electrode for the furnace. China is the consuming around 50% of the global steel production over the forecast period is expected to drive the graphite market. High thermal resistance, low friction and self-lubrication, high electrical conductivity and thermal conductivity.

Graphite are high value added and low production volume chemicals and can also be termed as performance chemicals. It is high added value products used as carbon fibers reinforced polymer composites in a wide variety of applications. Graphite are used in manufacturing lightweight and adamant composites for automotive and aerospace.

Graphite is most widely used in manufacturing carbon electrodes for electric furnaces after that manufacturing carbon composites used in aerospace industry is most popular.

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Graphite Market - Competitive Analysis

Graphite market appears to be less competitive with the presence of only few major global chemicals and materials manufacturers operating in the graphite market. Presence of few key players will lead to monopoly situation and also competitive edge in innovation and technology is expected to be indelicate. As these materials are pricing at higher costs in the current markets and increasing demand for cold insulation materials in aerospace and steelmaking industries will influence the end user products from these industries. Graphite market demonstrates a high growth potential as the demand for these materials is increasing other key players are likely to invest in opening new production capacities to meet the global demand with better solutions.

Industry Related News:

January 2017 – Triton Minerals (Australia), is one of the global manufacturers of graphite has presence in Mozambique, company has announced to plan to acquire majority 80% interest in holding company Grafex Limitada, holds an interest in three highly prospective graphite projects in Mozambique. The Company’s key focus is the Ancuabe Project due to its high quality product, proximity to key infrastructure and outstanding potential for further resource growth.

October 2017 – Focus Graphite Inc. (Canada) is one of the major manufacturers of graphite has announced that the company is pleased to report that ongoing independent testing of its new ultrafine grades of flake graphite and expanded, natural flake graphite from its Lac Knife, Québec Project demonstrate up to 10 times the electrical conductivity over standard grades of synthetic and natural graphite used in Li-Ion and Alkaline battery cathode applications.

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