Global Graphite Market: Full In-depth Analysis, Regional Outlook, Industry Trends and Forecast to 2024
The global graphite market accounted for USD 28.0 billion in 2016 and is projected to grow at a CAGR of 5.4% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024
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The graphite market is segmented on the basis of type into natural graphite and synthetic graphite. The natural graphite is further segmented into flake graphite, vein graphite and amorphous graphite.
On the basis of application, the market is segmented into refractory, foundry, battery, friction product, lubricant and others. Refractory segment is expected to grow at the highest CAGR in the forecast period.
On the basis of geography, the graphite market report covers data points for 28 countries across multiple geographies such as
• North America
• South America
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Graphite is a naturally-occurring mineral which forms when it is subjected to heat and pressure. Graphite is the crystalline allotrope of the carbon that forms coal. Graphite is majorly used in refractory, foundry, battery, friction product, lubricant, steel making, brake linings and neuron moderator. Graphite and carbon nanotubes are also used in the carbon fiber reinforced plastics (CFRP) and in the heat resistant composites.
Major Market Drivers:
• Growing application of graphite in the wind energy industry
• Increasing demand for lithium-ion batteries and fuel cells
• Increasing use of graphite in the manufacturing of structural composite parts used in the aircraft
Global Graphite Market Competitive Landscape:
The global graphite market is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Global Graphite Major Market Competitors:
Some of the major players in the graphite market include northern graphite corporation, Asbury Graphite Mills, Flinders Resources Ltd, Showa Denko K.K. SEC Carbon Ltd., Triton Minerals Ltd., Hexagon Resources Limited, Mason Graphite, Inc., Focus Graphite Inc., Energizer Resources Inc., SGL Group, Mersen Group, Graftech International Ltd., Graphite India Limited HEG Limited, Tokai Carbon Co. Ltd.,Toyo Tanso Co. Ltd. and many more.
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