Graphite Market Size is Expected to Grow at a CAGR of 5.24% by 2035 | ChemAnalyst

According to ChemAnalyst report, “Graphite Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, Applications, Type, Distribution Channel, Regional Demand, 2015-2035”. Graphite market witnessed a demand of around 2.89 million tons globally in 2021 and it is anticipated to grow with a healthy CAGR of 5.24 % until 2035 owing to its surging demand in Metallurgy, Electronics & Electricals, Automotive & Construction and Various Other sectors.

Graphite is an allotropic form of carbon which are occur in nature as black mineral in metamorphic rocks. Graphite is unique in nature because despite being a non-metal, it shows various metallic properties. It is soft & brittle in nature and unlike other non-metals, it is a very good conductor of heat & electricity. It has low density, high lubricity & show very high resistant to temperature, i.e., has very high boiling point. It is very inert to substances which are in contact with it and do not react easily. These extreme properties give it a large range of applications in metallurgy and manufacturing.  Some of the key end uses of graphite are in high-temperature lubricants, brushes for electrical motors, friction materials, and battery and fuel cells.

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Based on Type, its market is segmented into two Natural Graphite & Synthetic Graphite.  Natural graphite in its finely powdered form is called flakes. It is used as lock lubricant & pencil “Lead”. Commercial flake graphite products are available in purities range of around 80% carbon to 99+ percent carbon. Flake with purity range of 80-98% typically represent materials beneficiated using only froth floatation method. Flake above 98% purity has been purified using other process. Expanded graphite form, made from graphite flakes, are widely used in electronics & automotive industries for making Li-ion batteries. Graphite is used as negative electrode in rechargeable Li-ion cells. Synthetic graphite constitutes around 60% of market and is majorly used in furnace technology for metallurgy industry.

Graphite is a key ingredient for the production of Steel, & other Ferrous alloys in Metallurgy. Graphite finds its applications in electrodes, refractories, casting & foundry. Other end user industries are Electronics sector & automotive sector which utilizes graphite for the making of electrodes of Lithium-ion rechargeable batteries. It is used as a lubricant for vehicles and for making lead of stationary items like pencil.

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Region wise, Asia Pacific followed by North America holds the maximum demand share of the Graphite having consumption of more than 60% in the former region. India & China covers substantial portion of Global Steel market. The growing populations and urbanization coupled with industrial revolution in developing regions of South & Southeast Asia is driving the market in Asia pacific region. The Graphite market is expected that it would grow at a promising pace through 2035.  The growing metallurgy, electronics, automotive & daily use sector in the developing South & Southeast Asian region is likely to fuel the market for Graphite in the projected period. In positions of regional study.

According to ChemAnalyst report, “Graphite Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2035”, Key players operating for Graphite globally include GrafTech International Ltd (U.S.), Graphite India Limited (GIL) (India), Triton Minerals Limited (Australia), Mason Graphite Inc. (Canada), SGL Carbon SE (Germany), Shenzhen BTR New Energy and Materials Company Limited (China), Showa Denko Materials Co. Limited (Japan). & Qingdao Haida Graphite Co., Limited (China) among others.

“Graphite is a very useful industrial material with peak demand owing to its unique properties such as inertness, good conductor of heat & electricity, and extreme resistance to temperature. Graphite is primarily utilized in the foundry, casting, refractories & electrodes segment of Metallurgy industry. It is widely used in making of rechargeable Li-ion batteries used in Electronics & Automotive sector. Growing popularity of New Energy Vehicles (NEVs) in recent years have propelled its market growth. Owing to all these applications of Graphite, a surge in its demand is anticipated to drive its market growth through the forecast period and offer several opportunities for manufacturers to expand their capacities to fill demand and supply gap in future.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalys.

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Created on Mar 14th 2022 04:37. Viewed 170 times.

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