Global Graphite Market is Expected to Expand at a Compound Annual Growth Rate (CAGR) of 3.7% Over the Forecast Period i.e. 2016-2024

Posted on 2018-08-17 by Goldstein Research in Chemicals // 0 Comments

New York, USA, 2018-Aug-17 — /EPR Network/ —Graphite production has increased by tenfold in past decade from 100,000 tonnes per annum to about 650,000 tonnes per annum at compound annual growth rate of 2.6%. China is the largest producer of graphite with approximately 70% of total graphite production across the globe.

Available in both natural as well as synthetic form, graphite is extensively used in the steel and automotive industries. In the automotive industry, graphite is majorly used in gaskets, clutch materials and automotive batteries. Growth in automotive industry has significantly fueled the growth of graphite market as well. Further the growth of electric vehicles across the globe has augmented the demand for automotive batteries, which is considerably boosting the graphite market growth. Moreover, major battery manufacturers and new entrants such as Tesla, LG Chem and BYD China are planning to set up mega factories for lithium ion batteries to accommodate demand from electric vehicles in nearby future, which will boost the growth of global graphite market.

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“Global Graphite Market Outlook, 2016-2024” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, competitive analysis includes the in-depth analysis of the major players and leaders in graphite industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler and others. Our primary research team conducted various interviews, surveys and group discussions of industry professionals, graphite manufacturers, aftermarket vendors and component suppliers to analyze the future prospects of the overall graphite industry.

Global Graphite Market Segmentation can be classified on the basis of:-

On the basis of Product Type

Natural Graphite
Synthetic Graphite

On the basis of Application

Steel
Refractory
Lubrication
Foundry
Crucible
Energy (Photovoltaic and others)
Electronics
Automotive

By Region

North America (US, Canada) {Market Share (%), Market Size (USD Million), Import & Export (Units)}
Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Million), Import & Export (Units)}
Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Million), Import & Export (Units)}
Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Million), Import & Export (Units)}
Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Million), Import & Export (Units)}

Market Trends, Drivers and Challenges

Application of graphite apart from manufacturing industry has significantly expanded rapidly with the growing demand for consumer electronics and electric vehicles. This can be attributed to the augmented environmental concerns and favorable government regulations to decrease carbon dioxide emissions. This has led to the rise in the demand for batteries, a major application segment of the graphite market. Further, lithium-ion batteries are gaining huge popularity across the globe from energy sector to consumer electronics. These batteries involveample amount of graphite in their manufacturing, thuscontributing to the augmented demand for graphite. However, over production of graphite in China, in addition to projected production by current producers in other countries and global graphite explorers, positions a risk to supply-demand balance.

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“Global Graphite Market Report” has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global graphite market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

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On the basis of Product Type

On the basis of Application

By Region

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