Global Graphite Market projected to reach at a CAGR of 5.4% during the forecast period of 2017 to 2024
Global Graphite Market, By Type (Natural, Synthetic); By Application (refractory, foundry, battery, friction product, lubricant and others) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – 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.
This report consists of below pages:
- No of pages: 350
- No of Figures: 60
- No of Tables: 220
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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 aircrafts
Market Restraint:
- Insufficient production capacity
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.
Global Graphite Market Segmentation:
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
- Europe
- Asia-Pacific
- Middle East & Africa
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Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, Asia-Pacific is expected to dominate the market.
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